Following business and economy news from the Middle East

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Iran Blockade Tightens: The U.S. Navy is using destroyer-based MH-60R Seahawk helicopters to enforce its Iran-port blockade, redirecting 70 commercial ships and disabling four since April 13—while Iran says it controls Hormuz “conditionally” and warns the U.S. can’t be trusted. Ceasefire Diplomacy: Israel and Lebanon extended their ceasefire by 45 days, with talks due to resume in early June. Markets Under Strain: Global stocks slid as U.S.-Iran tensions fed inflation fears; Treasury yields jumped to crisis-era highs and gold fell sharply. Energy Shock Spreads: QatarEnergy has started repairs to two damaged LNG trains, and India raised petrol/diesel prices for the first time since the war began, citing Hormuz disruption. Regional Finance Pressure: Iraq is seeking IMF help tied to the war’s economic hit, while the ADB offered the Philippines $1.75bn to manage crisis spillovers. Security & Espionage: The FBI posted a $200k reward for ex–Air Force counterintelligence specialist Monica Witt, accused of defecting to Iran. Business Moves: Cadillac returned to Egypt via Al Mansour Automotive, launching a new sales and service hub in East Cairo.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

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Korea gradually feeling impact of prolonged Middle East crisis: Finance minister

Korea gradually feeling impact of prolonged Middle East crisis: Finance minister

Saudi Arabia floats Middle Eastern non-aggression pact with Iran: FT

Saudi Arabia floats Middle Eastern non-aggression pact with Iran: FT

Why the hottest tech IPO of the year matters for the AI race with China and in the Middle East

Why the hottest tech IPO of the year matters for the AI race with China and in the Middle East


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