While China is looking for alternative routes, U.S. sanctions on ports, shipowners, and refiners aim to squeeze Iran’s export volumes to China, analysts said.
Routes over Russia can save time and fuel, but the country has barred U.S. flights from its airspace. Trump’s proposal aims to level the playing field.
With unemployment heading upwards and people deferring spending due to job insecurity, the Reserve Bank has made a 50 basis point cut to interest rates.
While China is looking for alternative routes, U.S. sanctions on ports, shipowners, and refiners aim to squeeze Iran’s export volumes to China, analysts said.
Routes over Russia can save time and fuel, but the country has barred U.S. flights from its airspace. Trump’s proposal aims to level the playing field.
With unemployment heading upwards and people deferring spending due to job insecurity, the Reserve Bank has made a 50 basis point cut to interest rates.