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Regulations 1 week ago
PREMIUM
Govt mulls lifting deficit cap amid high oil price
The government says this year’s fiscal deficit may temporarily exceed the legal limit for the sake of maintaining economic growth should oil prices remain elevated for a prolonged period as the US-Israeli war on Iran rages on.
Middle East and Africa 1 week ago
Trump says US not ready to agree deal to end Iran war
The US president, in an interview with NBC News, said he thought Tehran was keen to come to the table but that Washington would fight on for better terms and might bomb targets on Iran's oil hub Kharg Island once, again, "just for fun".
Middle East and Africa 1 week ago
Iran threatens US-linked oil targets after Trump says Kharg bombed
Trump had also threatened to hit the island's oil infrastructure if Tehran did not allow passage for ships via the strategic Strait of Hormuz, through which a fifth of global crude oil and liquefied natural gas normally pass.
