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Ships Crossing Hormuz Need IRGC OK, Unfreezing of Assets Part of Deal, Iran Official Says
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Ships Crossing Hormuz Need IRGC OK, Unfreezing of Assets Part of Deal, Iran Official Says

Iran has announced that all ships can now pass through the Strait of Hormuz, contingent upon coordination with the Islamic Revolutionary Guard Corps (IRGC). A senior Iranian official has stated that this reopening is linked to an agreement involving the unfreezing of Iranian assets, estimated at approximately $30 billion, which have been blocked due to U.S. sanctions.

5 min read
Russia Looks for a Way Out of Its Sharpest Economic Contraction in Three Years
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Russia Looks for a Way Out of Its Sharpest Economic Contraction in Three Years

Russia is grappling with its most significant economic contraction in over three years, as the economy shrank by 1.8% in the first two months of 2026. President Vladimir Putin has expressed dissatisfaction with the current economic trajectory, urging officials to present solutions to revitalize growth as various sectors, including manufacturing and construction, reported negative performances.

5 min read