Bank of Korea chief says won will level off if Middle East conflict eases
Though the won devaluation lost full steam after the won plunged to its lowest at 1,400 won against the dollar on Tuesday, the local currency lost its value on Friday after…
Why war in Palestine will continue
According to the writer, Hamas and Israel are sticking to their positions: Hamas wants a permanent ceasefire and complete Israeli withdrawal; Israel wants a temporary ceasefire,…
US veto sinks Palestinian UN membership bid in Security Council
Washington has said its position is unchanged: that the UN is not the venue for recognition of a Palestinian state, which must be the result of a peace deal with Israel.
Truce vital as Israel-Iran rift sparks tensions— analysts
Continued commitment to achieving a permanent ceasefire in the Gaza Strip and ending the ongoing humanitarian catastrophe remains the top priority for the world despite recent…
Middle East conflict may hurt aviation sector
The rising geopolitical tensions in the Middle East could result in potential jet fuel price hikes and lower passenger traffic, and no aviation player will be spared if a full…
China taking steps to ease Mideast tension
China believes that Iran can handle the situation well and spare the region further turmoil, while safeguarding its own sovereignty, FM Wang Yi told his Iranian counterpart…
Indonesia to closely monitor economic impacts of Middle East—economic minister
Coordinating Economic Minister Airlangga Hartarto said recalibrating the state budget would be necessary if the oil price shoots up, but Jakarta would see how the situation…
Iran’s drone attack on Israel a legitimate act, says PM Anwar
He added that Putrajaya welcomed assurances from Iran that its response would be the extent of their action, provided there were no further provocations by Israel.
Mideast escalation could pose major economic risk to Indonesia
Former Finance Minister Bambang Brodjonegoro said Indonesia’s economic growth this year could end up between 4.6 and 4.8 percent if escalation occurred, short of the…
G7 leaders condemn Iran attack on Israel in ‘strongest terms’
According to a senior U.S. government official, the leaders discussed possible response measures, such as implementing sanctions against Iran and designating the Islamic…