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CHINA FOREIGN MINISTRY, ON TRUMP THREATENS TARIFFS IF CHINA SUPPLIES WEAPONS TO IRAN: TRADE WARS HAVE NO WINNERS
2026-04-13
CHINA FOREIGN MINISTRY, ON TRUMP THREATENS TARIFFS IF CHINA SUPPLIES WEAPONS TO IRAN: TRADE WARS HAVE NO WINNERS
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2026-04-13
Israel intercepts drones in the Upper Galilee region.
Israel intercepts drones in the Upper Galilee region.
2026-04-13
US President Donald Trump’s plan to blockade the Strait of Hormuz threatens to deepening an economic crisis for Asia’s energy-dependent economies, including the US allies and China. Analysts, including Jennifer Welch, warned the move raises downside
US President Donald Trump’s plan to blockade the Strait of Hormuz threatens to deepening an economic crisis for Asia’s energy-dependent economies, including the US allies and China. Analysts, including Jennifer Welch, warned the move raises downside risks, with higher oil prices, weaker growth and rising inflation. Brent crude surged up to 8.6% above $103, while European gas jumped nearly 18%. The blockade, targeting vessels linked to Iranian ports, follows failed US-Iran talks. Asian economies reliant on the strait are seeking alternative supplies, while China may pressure Washington, potentially leveraging its dominance in critical minerals.
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