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Economic · Economic

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US suspending sanctions on Iranian oil until 21 August

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US suspending sanctions on Iranian oil until 21 August The US government has said it is suspending sanctions on Iran until 21 August. The Treasury said in a statement that it was waiving all existing US sanctions on "the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian-Origin through August 21, 2026. " The waiver will also allow the US to import "petrochemical and petroleum products of Iranian origin" for domestic use.

Economic · Economic

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China’s green exports to the US surge as AI boom, Iran war lift demand

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China’s exports of green-energy and battery products to the United States have accelerated amid demand in America’s fast-expanding AI sector, as cooling trade tensions and energy-security fears linked to the Iran war boost global appetite for renewable-energy equipment. Energy-related products posted some of the strongest gains among Chinese exports to the US last month, according to the latest customs data. Exports of unassembled photovoltaic cells surged 346 per cent year on year to US$39.96...

Economic · Economic

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Video: Displaced residents return to inspect damage in Nabatieh

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Video: Displaced residents return to inspect damage in Nabatieh “Nabatieh is a disaster-stricken city but that's bearable compared to their [Israeli forces] presence on our land,” says Mohammad Sallum, a displaced resident who made a brief visit to inspect his damaged shop after Israel ordered its forces to halt fighting in southern Lebanon. “The city will return to life within two or three months after this disaster, but the most important thing is that the Israelis leave our land,” he adds. “Nabatieh is a disaster-stricken city but that's bearable compared to their [Israeli forces] presence on our land” says Mohammad Sallum, a displaced resident making a quick visit to inspect his damaged shop after Israel ordered its forces to halt fighting in southern Lebanon pic. twitter. com/sWXDzH2WFN — Middle East Eye (@MiddleEastEye) June 21, 2026

Economic · Economic

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China defends role in global supply chains amid Strait of Hormuz crisis

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China’s proactive role in stabilising global energy and fertiliser markets amid the Strait of Hormuz crisis shows the country is a defender of global supply chains, rather than a disruptive force as “hyped” by the West, Vice-Premier Ding Xuexiang said on Monday. “The fact that Chinese manufacturing never falters or fails at critical moments fully proves that China is a participant, a builder and a defender of the global supply chain,” Ding said during the opening ceremony of the fourth China...

Economic · Economic

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Bangladesh urges Malaysia to ease labour hiring curbs amid exploitation concerns

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Bangladesh’s new leader has urged Malaysia to reopen its labour market to more Bangladeshi workers, even as migrant rights groups warned that both governments must first address years of recruitment abuse, debt and stranded-worker cases. Prime Minister Tarique Rahman made the request to Malaysian Prime Minister Anwar Ibrahim during talks in Putrajaya on Monday, his first foreign visit since taking office, while seeking to broaden bilateral ties. Tarique said he had asked Anwar to consider...

Economic · Economic

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China rejects trade criticism after Merz backs global yuan action

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China pushed back against criticisms of its trade practices after the German chancellor became the latest world leader to voice complaints amid surging trade imbalances. “China never actively pursues a trade surplus,” Vice-Premier Ding Xuexiang said on Monday at the opening of a supply-chain expo in Beijing. “The greatest obstacle to China increasing its imports does not lie within itself, but rather with certain countries that abuse export controls. ” German Chancellor Friedrich Merz on Friday...

Economic · Economic

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Australian public cooling on Trump’s US while thawing on China, survey finds

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Australian trust in the United States has hit a record low, while the public mood towards China has warmed for the fourth year in a row, according to a new opinion poll. In an unprecedented shift, 51 per cent of those surveyed said the country’s relationship with China was more important than that with the US, compared with 45 per cent who said America should take priority. Only 31 per cent of those questioned in the Lowy Institute’s annual poll said they trusted the US to act responsibly in the...

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