Headlines- On Monday at 14:00 GMT, the US military says it would start blockading Iranian ports, preventing ships from entering or leaving Iran from passing through the Strait of Hormuz.
- In the southern town of Biyyada, Hezbollah claims that its men have attacked Israeli soldiers with "a swarm of attack drones."
- US President Donald Trump's threat to block the Strait of Hormuz was deemed "ridiculous" by Iran's navy chief, Shahram Irani.
- Any military ships approaching the Strait of Hormuz "will be considered a violation of the ceasefire and will be met with severe force," according to a statement released on Sunday by Iran's Islamic Revolutionary Guard Corps (IRGC).
- The speaker of Iran's parliament Mohammad Baqer Ghalibaf is leading the delegation that has arrived to Pakistan for talks with the United States.
- Nawaf Salam, the prime minister of Lebanon, stated that he was working to ensure the withdrawal of Israeli forces and to put an end to the Israel-Hezbollah conflict.
- Viktor Orban, the longtime prime minister of Hungary, has conceded defeat to Peter Magyar in the country's legislative election.
Tag: Russian Economy
COVID-19: Russian Tourism
The COVID-19 pandemic has struck all sectors of Russia’s economy, but with borders closed during the high summer season, the tourism sector is one of the most damaged, especially in Saint Petersburg, a favorite stop for many foreign tourists
Russia’s Far East Feels Economic Pinch
Russia’s economic forecast is not looking good, with the central bank last month lowering its growth projections – though officials maintain the country is not sliding into a recession. But in Russia’s far east, thousands of kilometers and several time zones away from Moscow, the effects of the economic downturn are obvious
Finding Fortune in Moscow a Challenge...
Russia’s economy has stagnated for some years and suffers under sanctions imposed by the West after it annexed Crimea in 2014. Still, Moscow remains a vibrant city that attracts immigrants from around the world, most of them from the former Soviet republics of Central Asia
Russia’s Prosperity: Depends on Whom You...
In the past four years, Russia’s $1.7 trillion economy has been in the world’s top 20. But in 2018, it has been plagued with problems stemming from under-investment, broadening state ownership of enterprise and Western sanctions over the 2014 annexation of Crimea.