TEHRAN | Xinhua | Iran’s government spokeswoman Fatemeh Mohajerani said Wednesday that the country has received the U.S. proposal in response to its proposed seven-day plan to end hostilities and reopen the Strait of Hormuz. In a post on social media platform X, Mohajerani said that Iranian Foreign Minister …
Read More »BoU blames shilling depreciation to war on Iran, coffee price fluctuations
Kampala, Uganda | URN | The Bank of Uganda has attributed the continued depreciation of the Uganda shilling against the US dollar to the ongoing conflict in the Middle East and fluctuations in global coffee prices. A few months ago, the Uganda shilling was trading at around Shillings 3,740 against …
Read More »How will the US-Iran war end?
The only stable solution to the impasse in the Gulf is one that involves China and increases economic integration in the region COMMENT | SIMON JOHNSON & AMIR KERMANI | On Aug.24, the US Treasury Secretary, Scott Bessent, launched an “economic D-Day” programme, intended to cut Iran off from …
Read More »Trump says U.S. may strike Iranian nuclear site soon, calls conflict “small potatoes”
WASHINGTON | Xinhua | U.S. President Donald Trump said Friday that the U.S. military may soon strike Iran’s Pickaxe Mountain — a fortified site near Iran’s Natanz enrichment facility — while trying to downplay the conflict with Iran as “small potatoes.” “We may hit Pickaxe very soon,” Trump told …
Read More »U.S. haunted by its warmongering toward Iran
WASHINGTON | Xinhua | About six months into the Iran war, the aircraft carrier USS Abraham Lincoln has become a stark symbol of how Washington’s pursuit of military solutions is increasingly coming back to haunt itself. As the conflict drags on, months of prolonged deployment are exhausting U.S. service members, …
Read More »Trump orders halt to Iran talks
WASHINGTON | Xinhua | U.S. President Donald Trump on Tuesday instructed his top envoys to halt their conversations with Iran, according to a CNN report, citing U.S. officials. Trump told his negotiating team, including Vice President JD Vance and envoys Steve Witkoff and Jared Kushner, not to engage with Tehran …
Read More »Why U.S. finds itself in stalemate as 60-day peace deadline expires
WASHINGTON | Xinhua | The 60-day window established under the June 18 peace memorandum of understanding (MoU) between Iran and the United States expires on Monday, marking a critical moment for an agreement that was meant to create space for diplomacy and de-escalation. Yet as the deadline arrives, Washington finds …
Read More »Trump announces talks with Iran on Monday
WASHINGTON | Xinhua | U.S. President Donald Trump said Sunday that negotiations with Iran will begin Monday afternoon, noting that Saudi Arabia, the United Arab Emirates (UAE) and Qatar had asked the United States to call off planned strikes because “they think there’s a deal.” “There’s a deal on …
Read More »Trump threatens “strong military action” if Iran talks fail
WASHINGTON | Xinhua | U.S. President Donald Trump said Monday that he decided to pause U.S. strikes on Iran in order to give negotiations another chance, while warning that he could order a restart of strikes if talks with Iran fail. “We are in very deep talks with Iran. If they …
Read More »How EAC Central Banks are responding to geopolitical tensions
Kampala, Uganda | URN | The effects of the conflicts in the Middle East and Eastern Europe have dominated the 29th Ordinary Meeting of the Monetary Affairs Committee of the East African Community, which just ended in Uganda. All seven governors of the central banks (minus DRC) decried the …
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The Independent Uganda: You get the Truth we Pay the Price