Gulf central banks raised their key interest rates on Wednesday, following a similar move by the US central bank to fight inflation. All Gulf countries have their currency pegged to the US dollar except Kuwait, which pegs its dinar to a basket of currencies that includes the dollar. Kuwait’s central bank said it would raise […]
Tag: Persian Gulf
Britain: Negotiations begin on new free trade agreement with six Gulf countries
Britain will begin talks on a new free trade agreement with six Gulf countries, the Commerce Department has announced, as part of the latest round of talks aimed at boosting non-EU trade relations after Brexit. Trade Minister Anne-Marie Trevelyan will visit Riyadh to begin talks with the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, […]
Iran: Greek-owned tanker Prudent Warrior moves to Bandar Abbas
LAST UPDATE: 16:58 The tanker Prudent Warrior is currently being transported to the largest Iranian port, Bandar Abbas, within the Persian Gulf, according to information from capital.gr. The said ship belongs to the company Polembros Shipping Limited, interests of Spyros Polemis. The Delta Poseidon, which belongs to the fleet of Diamantis Diamantidis’s Delta Tankers company, […]
Persian Gulf: Communication with the two Greek ships was restored
LAST UPDATE: 12:29 The latest developments in the thriller off the Persian Gulf, where two Greek ships are under occupation by Iranian military forces, are positive. According to ERT, the 9 Greek sailors and one Cypriot, as well as the other members of the crews, are not in custody, as announced by the Iranian authorities […]
SYRIZA-PS for the occupation of Greek-owned ships in Iran
“The seizure of Greek-owned ships in Iran is an unacceptable and reprehensible act. International law does not legitimize such ‘retaliation’ that lies outside of international legitimacy, whatever the objections of the Iranian government,” SYRIZA-PS stressed. The official opposition underlines in a statement that “the government should give absolute priority to ensuring the safety of the […]
The background of the piracy of two Greek ships in the Persian Gulf
A serious diplomatic incident has caused Iran’s move to seize two Greek tankers that were sailing in the Persian Gulf. Tehran describes the act as retaliation for the seizure by the US authorities of Iranian oil carrying a Russian-flagged ship that had been temporarily blocked by Greece in the Karystos sea due to sanctions against […]
Nuclear blackmail and piracy. How Iran is putting pressure on the United States and why it is dangerous
Iran hijacked South Korea’s tanker, raising tensions with the United States. Tehran wants to force Washington to negotiate, but it could set the region on fire On January 4, Iran hijacked a South Korean tanker in the Persian Gulf. Tehran called the incident “an arrest due to chemical pollution.” But in reality, Iran is trying […]