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U.S. Secretary of State Rubio said keeping the Strait of Hormuz open is a core term of the memorandum of understanding but Iran has failed to comply, targeting international navigation via international waters; he warned international waters must rem

2026-07-22

U.S. Secretary of State Rubio said keeping the Strait of Hormuz open is a core term of the memorandum of understanding but Iran has failed to comply, targeting international navigation via international waters; he warned international waters must remain free. The Strait remains strategically important, carrying about 20% of global energy shipments.

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2026-07-22

Market news: According to sources, Pakistan is seeking a $10 billion foreign exchange stabilization mechanism from the United States to increase its foreign exchange reserves and alleviate financial pressure.

Market news: According to sources, Pakistan is seeking a $10 billion foreign exchange stabilization mechanism from the United States to increase its foreign exchange reserves and alleviate financial pressure.
2026-07-22

WBG chief economist Gill said the world is only a few months from a worst-case scenarios in which global growth would slow to 1.3% and inf would rise to 4.5%.

WBG chief economist Gill said the world is only a few months from a worst-case scenarios in which global growth would slow to 1.3% and inf would rise to 4.5%.
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