Warehouse hit by Russian attack stored munitions, Zelensky says

There’s little optimism about treasury secretary’s ability to handle Trump’s tariffs, Iran sanctions and colossal US debt History remembers Gen Dwight Eisenhower, the supreme commander of the allied forces in Europe during the second world war, for his role in the D-day invasion of Normandy. Whether Scott Bessent will achieve similar posterity as the face of the “economic D-day” in Iran remains to be seen. The US treasury secretary, already trying to manage a $40tn national debt pile, this week took charge of Donald Trump’s effort to reverse-engineer his war of choice. Whereas the US would typically take on an adversary with diplomacy, sanctions and military force, in that order, the US president started with a six-month bombing campaign and now hopes that economic isolation can finish the job...

Iran's president said sanctions and the US naval blockade had caused exports and imports to slump by nearly 35 percent.

Gulf states are making a strategic pivot as the war in Iran drags on into its sixth month but observers warned that their shift towards self-reliant defence networks could test China’s “involvement without commitment” strategy in the region. The war has forced Gulf leaders to face the reality that neither the United States nor China is able to protect them from attacks by Iran. On Wednesday, the Iranian army warned that any “possible future war” with the US could spread across the region and...