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Missile Barrage Deepens Middle East Crisis as Iran Mocks Trump’s Strait Proposal

                                   Emergency personnel respond at a site following Iranian missile barrages in central Israel Iran unleashed multiple waves of missiles on Israel, intensifying a conflict already engulfing the Middle East. The strikes came just a day after U.S. President Donald Trump claimed “very good and productive” talks were underway to halt the war. Israeli officials, however, doubted Iran would accept U.S. terms, and Tehran insisted no negotiations had taken place.  Tehran openly ridiculed Trump’s suggestion that the U.S. and Iran could jointly control the Strait of Hormuz, posting an image of a child’s pink toy steering wheel on social media. The symbolic jab underscored Iran’s rejection of Washington’s overtures and highlighted the growing influence of the Islamic Revolutionary Guard Corps, whose former commander Mohammad Baqer Zolqadr was appointed to l...
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Asia Stocks Set to Open Lower Following Declines in European Stocks and Bonds


 According to a Bloomberg report, Asian equities are expected to open lower on Tuesday following declines in European stocks and bonds as European Central Bank officials tampered down rapid rate cut expectations. 

US markets were shut for a holiday Monday. Share futures for Australian and Hong Kong benchmarks slipped, while those for Japanese equities rose. The region-wide Euro Stoxx 50 inched 0.3% lower Monday, partly weighed down by a contraction in German gross domestic product in the fourth quarter, although Europe’s largest economy managed to avoid recession. Elsewhere, oil prices retreated, even as tensions in the Red Sea endured. Houthi militants hit a US-owned commercial vessel with a ballistic missile on Monday, underscoring the risks facing one of the world’s most important trade routes. West Texas Intermediate, the US oil price, fell 0.3%, while Brent, the international benchmark slipped 0.2% Monday.


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