Egypt Urges Implementation Of U.S.-Iran Memorandum As Tensions Remain High

Egypt Urges Implementation Of U.S.-Iran Memorandum As Tensions Remain High

Cairo Calls for De-escalation, Diplomacy and Safe Navigation of International Waterways Egypt has stressed the importance of implementing the U.S.-Iran memorandum of understanding and intensifying diplomatic efforts to reduce tensions across the Middle East. Egyptian Foreign Minister Badr Abdelatty raised the issue during a phone call with U.S. Special Envoy to the Middle East Steve […]

Iran Grants Passage to Iraqi Oil Tankers Through Strait of Hormuz

Iran has granted special permission for a number of Iraqi oil tankers to pass through the strategically vital Strait of Hormuz, providing limited relief to Iraq as shipping through the key energy corridor remains severely disrupted by the ongoing regional conflict. Iran’s state news agency reported that Tehran approved the passage following repeated requests from […]

U.S. Says New Sanctions Will ‘Squash’ Iran’s Economy and Collapse Its Regime

The United States has vowed to impose what Treasury Secretary Scott Bessent described as the “toughest sanctions in history” against Iran, saying Washington intends to intensify economic pressure on Tehran and cut off the financial lifelines supporting its government. Bessent said the Trump administration’s strategy was designed to severely weaken Iran’s economy and increase pressure […]

Pakistan’s Prime Minister Orders Urgent Action to Cut Fuel Prices

Pakistan Prime Minister Shehbaz Sharif has ordered urgent measures to reduce fuel costs, directing Petroleum Minister Ali Pervaiz Malik to negotiate with local oil refineries over lower prices for domestically produced diesel. Government Seeks Immediate Relief Sharif instructed the petroleum minister to travel to Karachi and hold talks with refineries in an effort to secure […]

Kenya Airways Fuel Costs Surge 72% as Middle East Conflict Raises Aviation Pressures

Kenya Airways has reported a 72% increase in fuel costs during the first half of 2026, highlighting the growing financial impact of the ongoing Middle East conflict on African airlines and the wider aviation industry. The airline said the conflict has significantly increased its operating expenses while also disrupting aviation supply chains. Delays in obtaining […]

US Warns Iran of Intensified Economic Pressure as Two More Ships Are Attacked in Strait of Hormuz

Washington signals tougher sanctions while Gulf shipping risks deepen The United States has warned Iran that it is preparing to significantly increase economic pressure after two additional oil tankers were attacked while transiting the Strait of Hormuz, escalating fears of a wider regional confrontation and renewed disruption to global energy supplies. The latest incidents involved […]

War in Iran Has Cost the United States $37.5 Billion So Far, Pentagon Says

The United States has spent approximately $37.5 billion on its military campaign against Iran, according to U.S. Defense Secretary Pete Hegseth, who warned lawmakers that additional funding will be needed to sustain operations as fighting continues across the region. Speaking before Congress, Hegseth said the figure includes both current expenditures and projected costs through the […]

Iran Launches Strikes on Gulf Targets After Fourth Night of Heavy U.S. Attacks

The conflict between Iran and the United States has escalated sharply after Iran launched a new wave of missile and drone strikes against U.S.-linked military targets across the Gulf region following a fourth consecutive night of intensive American airstrikes on Iranian military infrastructure. The latest exchange marks one of the most dangerous phases of the […]

Trump Drops Strait of Hormuz Fee Plan, Turns to Gulf Investment Deals

U.S. President Donald Trump has abandoned his proposal to impose a 20% transit fee on ships passing through the Strait of Hormuz, announcing instead that the United States will pursue trade and investment agreements with Gulf nations as compensation for Washington’s role in securing one of the world’s most strategically important maritime routes. The policy […]

President Trump Announces New Iran Blockade

U.S. President Donald Trump has announced the reinstatement of a U.S.-led naval blockade targeting Iran, marking a major escalation in the ongoing confrontation between Washington and Tehran and raising fresh concerns about stability in the Middle East and the global energy market. The announcement follows renewed military exchanges between U.S. and Iranian forces after the […]