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Yemen's Houthis aren't fighting Iran's war, which complicates things further. They're running their own war and letting Iran's war pay for it. Their September 8 demands are the same ones they've held since rejecting a 2023 UN roadmap that would have paid Houthi salaries and given them a share of Yemen's oil and gas revenue. That roadmap called for an end to Saudi military operations in Yemen, the removal of restrictions on Houthi-controlled ports and airports, back pay for officials, and war reparations. The one operation Iran is confirmed to be…

The temporary closure of the key onshore pipeline Saudi Arabia uses to bypass the Strait of Hormuz has added another shock to an oil market already struggling with six months of Middle East supply disruptions. And the damage now appears to be more extensive than initially believed. Three pumping stations along Saudi Arabia’s East-West pipeline were damaged in last week’s attack, Reuters reported on Thursday, citing satellite imagery and industry sources. Earlier assessments had identified damage at two stations. Three sources told Reuters…

Turkey plans to spend $108 billion over the next ten years to develop its alternative energy infrastructure, eyeing 120 GW in installed wind and solar capacity. At the same time, Turkey is also spending heavily on securing long-term oil and gas supply—and planning to become a major regional gas hub for Europe. “Under our Renewable Energy 2035 Road Map, we aim to reach an installed capacity of 120 gigawatts in wind and solar power,” Turkey’s energy minister Arpaslan Bayraktar told Anadolu Agency. “To achieve this, we…

The United States is desperate to claw back some of the global critical minerals share from China. Beijing has established near-total dominance in international supply chains over the last several decades through its far-reaching Belt and Road Initiative in addition to other deals and programs that have given China a massive presence in mineral-rich countries and emerging markets across the globe. This gives Beijing critical economic and political leverage as these materials become ever more sought after to power the global tech manufacturing sector,…

dtcpay Welcomes SBI Group as Strategic Investor, Extending Series A to US$25M

In a significant expansion move, Artemis Medicare Services plans to increase its hospital capacity, targeting nearly two thousand operational beds by 2030. The anticipated growth in international patient numbers and improved utilization rates are expected to contribute to revenue boosts. With new facilities in the pipeline, earnings are projected to see a considerable rise, prompting analysts to express a positive stance on the company's stock trajectory.

With assorted economic and military crises boiling all across the Middle East in the wake of his disastrous decision to launch a war on Iran, President Trump will meet with Persian Gulf leaders in New York next week, on the margins of the United Nations General Assembly. This diplomacy news came on the same day we learned US officials met over the weekend with representatives of Yemen's Ansar Allah. The group, which is often called "the Houthis," committed against targeting US interests, and the United States…

The rupee may need further depreciation to address trade shocks. Its real effective exchange rate has fallen to a 2013 taper tantrum level. Economists suggest a potential 10% weakening of the REER within a year. Global trends and domestic rates might be misaligned, causing currency pressure. The Reserve Bank of India has sold significant dollars to support the rupee.