Iran's president Pezeshkian sends an open letter to the American people, questioning whether the current conflict in the Middle East truly "puts America first."
A government report assesses that the Middle East conflict will have extensive, multifaceted impacts, but policymakers will seek sectors with growth potential to maintain a double-digit target.
Disruptions to the naphtha supply chain, a petroleum derivative essential for producing plastic bags, have led to panic buying of trash bags in South Korea.
Nearly 90% of businesses report rising input costs for energy, raw materials, and logistics, which is beginning to erode cash flow and profit margins, according to Ban IV.
Long-term oil futures prices are notably lower than short-term contracts, indicating investors believe current levels above 100 USD per barrel are temporary.
The Israeli military announced an attack on a submarine development facility in Isfahan, while Iran responded by launching missiles and unmanned aerial vehicles at Israel and several Gulf countries.
Once designed for the rural poor, wood-burning "rocket stoves" have unexpectedly become a lifeline for numerous urban restaurants amidst soaring gas prices.
