Israel Iran Conflict

Opaque oil deals around Hormuz test the petrodollar

Opaque oil deals around Hormuz test the petrodollar

There are growing signs that major Asian importers are adapting to the new reality by striking direct arrangements with Gulf producers to allow vital flows of crude, chemicals and fertilizer through the strait.
Updated 25 May, 2026 08:47am
Final paperwork eludes Iran, US

Final paperwork eludes Iran, US

Pezeshkian says supreme leader will make final decision, insists no plan for nuclear bomb; Rubio expects "good news" soon.
Updated 25 May, 2026 08:22am
Hardening lines

Hardening lines

Iranian suspicions about Pakistan’s close ties with Washington and Gulf states persist, while Pakistan remains uneasy over Tehran’s growing engagement with India.
Updated 22 May, 2026 08:08am
Pakistan races to prevent US-Iran escalation

Pakistan races to prevent US-Iran escalation

Naqvi travels to Tehran for 2nd time in a week to break deadlock, meets Iranian president, IRGC chief; Saudi FM backs Pakistani mediation, praises Trump for giving diplomacy a chance.
Published 21 May, 2026 07:19am
Hormuz gamble

Hormuz gamble

The Strait of Hormuz has become the real centre of the confrontation.
Published 20 May, 2026 07:20am