Iran’s new budget for 2024-2025 significantly increases oil and gas revenues for military groups Despite sanctions, Iran continues to export oil, mainly to China and Syria, funding groups like Hamas and Hezbollah. US and European sanctions have been implemented, but the execution has been fledgling. The ongoing Israeli war with Hamas, Hezbollah, and Iran is …
Continue reading “50% of IRANS oil revenues allocated to IRGC and international terrorists “
Israel decided to delay its plan for a retaliation attack on Iran for the missile launches on October 1 after the United States intelligence detailing it leaked in the media, The Times reported on Thursday. According to a source familiar with the matter, Israel chose to postpone the response worrying that the details given in …
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Israel Defence Forces (IDF) Chief of Staff General Harzi Halevi (pictured) stated that he sees a possibility of reaching a “sharp end” to the conflict with Hezbollah, an IDF spokesman revealed in a post on Telegram on Thursday. “In the north there is a possibility of reaching a sharp end, we finished the chain of …
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Israeli Defense Minister on Oct 23 opened up about revenge strikes against Iran. Yoav Gallant was addressing pilots & air crews at the Hatzerim airbase. He reiterated intent to respond to Iran’s ballistic missile attack on Israel. Gallant told Air Force crews on Wednesday that after striking in Iran, the world will understand Israel’s might …
Russia could help Iran defend against an upcoming attack by Israel, Sky News Arabia reported on Wednesday citing Israeli sources. The assistance would allegedly be provided without harming Russia’s relations with Israel and could include early warnings, detecting incoming Israeli aircraft and electronic jamming, and guidance to protect potential targets. Israel has been planning a strike on …
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Crude oil inventories in the United States increased by 1.6 million barrels in the week that ended October 18, the American Petroleum Institute’s (API) private data allegedly showed on Tuesday. Meanwhile, reserves in Cushing, Oklahoma, allegedly fell by 216,000 barrels. Gasoline stockpiles declined by 2 million barrels, while distillate inventories dropped by 1.5 million barrels, …
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Israeli Prime Minister Benjamin Netanyahu met with US Secretary of State Anthony Blinken for about two and a half hours on Tuesday in Jerusalem, in a session characterized as “friendly and productive” in a statement from the PM’s office. The discussions were primarily focused on the “threat” that Iran’s military objectives may pose for the region …
Oil prices are on the rise, with West Texas Intermediate (WTI) at $72.50 per barrel and Brent crude at $76.00 on Tuesday morning. Both key benchmarks gained more than 2% on the day, helped by economic optimism out of China and lingering concerns about potential disruptions from the ongoing conflict in the Middle East. On …
Continue reading “Oil Gains as China Lifts Crude Import Quota”
Israel is considering responding to the attack on Prime Minister Benjamin Netanyahu’s private residence in Caesarea by targeting the homes of Iranian officials, Al Arabiya reported on Tuesday. Netanyahu blamed Hezbollah for the attack and Iran for organizing it behind the scenes, promising a retaliation. Tehran refused to claim responsibility for the incident and said it was on Hezbollah. …
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Oil gained — after losing more than 8% last week — as China moved again to bolster its economy and traders tracked the risk to supplies from tensions in the Middle East. West Texas Intermediate advanced almost 2% to settle at more than $70 a barrel while global benchmark Brent rose to settle above $74 …
Continue reading “Oil Rises Amid Middle East Tensions and Chinese Economic Support”