U.S. President Donald Trump has sharply criticized NATO allies for refusing to participate in the ongoing U.S.-Israel military campaign against Iran, calling their position a “very foolish mistake” as tensions in the Middle East continue to escalate. Speaking from the Oval Office during a meeting with Micheál Martin, Trump expressed frustration that key NATO members […]
Israeli Defence Minister Israel Katz announced on Tuesday that the Israeli military has killed Iran’s top security official, Ali Larijani, in a series of overnight airstrikes that targeted senior leadership in Tehran and further escalated the already intense conflict between Israel, Iran and their respective allies. Katz said the strikes also eliminated Gen. Gholam Reza […]
Importers across the Gulf are scrambling to reroute shipments of food, medicines and industrial goods after the closure of the Strait of Hormuz triggered one of the most severe supply chain disruptions in decades. The shutdown of the narrow waterway a critical passage linking the Persian Gulf to global shipping lanes has effectively halted a […]
New Delhi/Dubai, Iran is reportedly preparing to allow India-flagged oil tankers to transit the strategically vital Strait of Hormuz, according to an Indian government source, as escalating regional conflict threatens global shipping and energy supplies. The development comes amid heightened tensions in the Gulf following attacks on commercial vessels and increasing hostilities involving Iran, the […]
Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]
Oil Market Braces for Turmoil Iranian state-owned outlet Press TV has released a new report quoting Major General Kowsari, a senior member of the Iranian Parliament’s National Security Commission, who stated that the Parliament has reached the conclusion that the Strait of Hormuz should be closed, but the final decision in this regard lies with […]