Trade
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US Congressman: Americans Are Tired of Rising Diesel Prices
DID Press: Rick Crawford, a Republican congressman from Arkansas, said rising diesel prices amid the war with Iran are causing “fatigue” among Americans. Crawford’s current position as a Republican representative from Arkansas is confirmed by the U.S. House. Crawford said…
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Oil Prices Rise as Trump Rejects Iran’s Hormuz Proposal
DID Press: Oil prices rose in Asian trading on Monday, Sept. 28, after U.S. President Donald Trump rejected an Iranian proposal to end the conflict and reopen the Strait of Hormuz. Reuters reported that Brent crude futures rose more than…
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Ariana Afghan Increases Cargo Flights Between Kabul and Delhi
DID Press: Ariana Afghan Airlines has increased the number of cargo flights on the Kabul–Delhi route to facilitate the movement of commercial goods and support Afghanistan’s exports and imports, with two cargo flights now operating daily. The airline said it…
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Houthi Control of Bab al-Mandab Raises Economic Questions for Yemen
DID Press: The expansion of Ansar Allah (the Houthis) along Yemen’s western coast and its reported capture of strategic areas around the Bab al-Mandab Strait, including the port city of Mokha, have raised new questions about the economic and geopolitical…
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Physical Oil Prices Surpass $130 as Hormuz Flows Plunge
DID Press: Physical crude oil prices have risen above $130 per barrel as disruptions to tanker traffic and sharply reduced oil flows through the Strait of Hormuz continue to put pressure on global energy markets. Recent market reports indicate that…
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Macron: Strait of Hormuz Remains ‘Almost Blocked’ Despite US Claims
DID Press: French President Emmanuel Macron has said the Strait of Hormuz remains “almost blocked” and that no agreement has been reached to fully reopen the strategic waterway, challenging the U.S. administration’s account of shipping conditions in the strait. Recent…
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Brader: Afghan Products Must Be Competitive in Regional Markets
DID Press: Acting Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar has called for higher-quality domestic production and stronger capacity for Afghan products to compete in regional markets during a visit to the Mufid manufacturing company in Balkh…
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$1.5M Cold Storage Facility for Fruit, Meat Opens in Herat
DID Press: A large cold-storage and preservation facility for fruit and meat, built at a cost of $1.5 million, has been inaugurated in Guzara district of Herat province, western Afghanistan. Jamshid Kamal, head of the Kamal Herat Cold Storage facility,…
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US Gasoline and Diesel Prices Rise Amid Global Energy Supply Disruptions
DID Press: Gasoline and diesel prices in the United States have come under renewed upward pressure as disruptions to global oil supplies, damage to energy infrastructure in the Middle East, and the continuing Russia-Ukraine war raise concerns over fuel availability…
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Le Figaro: Saudi Arabia Increasingly Isolated in Confrontation With Ansar Allah
DID Press: French newspaper Le Figaro has reported that Saudi Arabia is facing growing pressure from Ansar Allah in Yemen while receiving less military and strategic support from some of its regional and international partners. According to the newspaper’s assessment,…
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