The Persian Gulf’s richest states are pushing forward with plans for a massive build-out of artificial intelligence infrastructure, even though data centers have become repeated targets in the US war with Iran.
The latest flare-up in the Middle East threatens to deepen a conflict that has dragged on since the United States launched strikes on Iran in February.
An Iranian official has described hostilities between the United States and Iran, the first since late July, as a ‘limited and contained confrontation’.
The Trump administration announced what it called its most comprehensive assault to date on Iran’s economy, unveiling a package of measures intended to isolate Iran from the rest of the world.
LATIKA M BOURKE: The energy chief says the winners in the fallout from the war on Iran and oil uncertainty will be coal, renewables and nuclear options.
The currency was already under pressure before the US and Israel attacked Iran on February 28, but has hit new record lows after nearly six months of war.
For weeks, there has been no diplomatic progress, but also no full-scale fighting, as both sides seem to believe they can hold out longer than the other.
The government has signalled further legal and diplomatic action after Israel decided not to pursue criminal charges against soldiers who killed an Australian aid worker.