US intelligence sources indicate that China may have shipped shoulder-fired missiles to Iran recently, potentially strengthening Tehran's position in its ongoing conflict with the US and Israel.
The United States and Iran failed to reach an agreement during intense talks in Pakistan, marking a significant setback in efforts to find a lasting solution to the ongoing conflict in the Middle East. US Vice President JD Vance confirmed that negotiators would return to the US without a deal after Iran failed to commit to not pursuing nuclear weapons.
Economist Michael Hudson from the University of Missouri-Kansas City warns that the world faces an unprecedented economic collapse reminiscent of the 1930s, driven by ongoing tensions in the Middle East. Urgent action is needed to avert the worst outcomes.
The International Monetary Fund (IMF) predicts that Japan's economy will slow to <strong>0.8%</strong> growth in <strong>2026</strong> due to weak external demand and the impacts of ongoing conflicts in the Middle East. Despite this, the IMF praised Japan's economic resilience and emphasized the need for gradual interest rate hikes to curb inflation.
British Prime Minister <strong>Keir Starmer</strong> has confirmed that the UK will not get involved in the Middle East conflict, as he prepares for an emergency meeting to discuss the implications of the war in <strong>Iran</strong>.
Volker Turk, the UN High Commissioner for Human Rights, warns that the ongoing conflict in the Middle East could lead to new crises on multiple levels. He emphasizes the urgent need for action to prevent these crises from escalating.
Gold prices have dropped by <strong>4%</strong>, reaching <strong>4306 dollars</strong> per ounce, pressured by rising dollar index and conflict concerns in the region. Silver also saw declines exceeding <strong>5%</strong>, settling at <strong>64.18 dollars</strong>.
In a notable escalation of tensions in the Middle East, U.S. President Donald Trump has threatened to launch attacks on Iranian electrical facilities unless the Strait of Hormuz is reopened within 48 hours. Iran has responded by affirming its readiness to strike American targets in the region if attacked.