Strait of Hormuz tensions: Iran claims tankers hit by mines amid ongoing conflict
Iran's IRGC confirms multiple tankers destroyed or damaged by mines in the Strait of Hormuz as US and regional military operations continue.
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The Bank of England, with the support of John Healey's government, is trying to cushion the inflationary shock caused by the Middle East conflict by raising interest rates to 4%, while the forecast for inflation rises to 5%.
The Bank of England has raised its interest rate to 4%, for the first time since 2023, citing inflationary pressures caused by the war in Iran. The British government announced support measures for households, and the Bank of England expects inflation to peak at 5% in spring 2027.
United States sanctions an Indian couple and firms for maritime fraud in support of Iranian oil
The U.S. Department of the Treasury has imposed sanctions on Suniel Kumar Sharma, his wife Jaspreet Preeti Shahid, and several Indian companies, accused of setting up a maritime fraud network designed to circumvent international restrictions on Iranian oil exports.
Bank of England raises interest rate to 4% and warns that further increases will follow if the war with Iran continues
The Bank of England's Monetary Policy Committee raised the base rate from 3.75% to 4%, the first level reached in over three years, citing inflationary pressures generated by conflicts in the Middle East. Governor Andrew Bailey stated that this should not be seen as the start of an inevitable sequence of increases, but emphasized that in the absence of a peace agreement, future adjustments remain likely.
Jafar Panahi makes his public return to Iran at a sportsman's funeral, following his return from the USA
The Cannes-awarded filmmaker, recently sentenced to prison, was seen alongside a well-known actor at the funeral ceremony for former footballer Hamid Alidoosti.