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The Sept. 14 attacks on Saudi oil infrastructure have laid bare the massive disruptions that conflict in the Middle East can cause, raising several critical questions for companies and regional and global powers.
Southeast Asian countries stand to gain -- or lose -- the most from Beijing and Washington's escalating trade tensions. Some have benefited more than others, but all are at risk of taking an economic hit.
The U.S. Treasury Department announced sanctions against Iran's Central Bank on Sept. 20. Treasury Secretary Steven Mnuchin said that Washington had now removed the last source of funds for Tehran after President Donald Trump vowed to issue new sanctions against Iran earlier this week.
South Africa-based Sanlam, one of the largest African insurance companies, is reportedly close to reaching a partnership with an Ethiopian firm to establish a presence in the country, according to a company official who spoke with The Africa Report in an interview published Sept. 20.
Iran and Russia will drop the financial messaging service SWIFT for bilateral payment transfers and use their domestic systems to protect themselves from third-party sanctions, the Financial Tribune reported Sept. 17.
Japan is reportedly considering backing away from its demand to extract a clear-cut exemption from possible 25-percent U.S. auto tariffs if the United States instead offers high quotas on Japanese car imports similar to those secured by Mexico, Politico reported Sept. 19, citing a U.S. business source.
Saudi Arabia and the United Arab Emirates are joining the International Maritime Security Construct, a U.S.-led mission to ensure safe passage for commercial shipping around the Strait of Hormuz, Bab el-Mandeb strait, Gulf of Oman and Persian Gulf, Reuters reported Sept. 19.
Tehran has threatened for years that if U.S. sanctions stymied its oil flows, it would halt the region's energy exports in response. Iran is now demonstrating its willingness to follow through -- highlighting how little Saudi Arabia can do to stop it.
Iranian President Hassan Rouhani and Foreign Minister Javad Zarif might cancel their trip to the U.N. General Assembly if the United States doesn't issue their visas soon, according to a Sept. 18 report by Iranian state news agency IRNA.
The U.S. government is considering a series of options to retaliate against an alleged Iranian strike on a Saudi oil processing plant, including a potential cyberattack or a kinetic strike against Iran's energy infrastructure, NBC News reported Sept. 17.