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Economic woes cast shadow over Iran holiday season

Shops and markets in central Tehran, usually teeming with customers ahead of the Persian New Year, now barely see any buyers, a sombre reflection of the dire state of the Iranian economy.The plummeting currency and double-digit inflation, which have reduced the number of holiday shoppers to a trickle, were behind a parliament vote on Sunday to remove finance minister Abdolnaser Hemmati.At Tehran's Grand Bazaar, underwear vendor Mohsen said that "business is going very badly. I cannot describe how catastrophic it is."
Source: Al Monitor
Full Article: Economic woes cast shadow over Iran holiday season

US designates Yemen's Huthis 'foreign terrorist organization'

The United States on Tuesday designated Yemen's Huthi militant group a foreign terrorist organization, conforming with an order by President Donald Trump in January.The Iran-backed rebels control much of Yemen, including the capital Sanaa, and have launched missile and drone attacks at Israel since the war in Gaza broke out in October 2023. They have also repeatedly targeted merchant vessels in the Red Sea and Gulf of Aden -- waterways vital to global trade.
Source: Al Monitor
Full Article: US designates Yemen's Huthis 'foreign terrorist organization'