European Energy and Housing Commissioner Dan Jorgensen said in a letter to the European Union’s energy ministers that the EU’s security of supply “remains guaranteed” in light of the ongoing energy crisis triggered by the Middle East conflict. However, he warned that the union must be prepared for a “potentially prolonged disruption” of international energy …
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An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant attacks on a vessel in a month of war, pushing crude prices higher and heightening tension around the vital Strait of Hormuz. The Al-Salmi, a Kuwait-flagged very large crude carrier, was in the anchorage zone …
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The national average price for gasoline in the United States passed the $4 per gallon mark on Monday as the conflict in the Middle East continues to escalate. Later in the day, prices retreated slightly, to stand at $3.950 per gallon, according to GasBuddy, and $3.990 per gallon, according to AAA. “Gasoline and diesel prices continue to climb to …
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President Donald Trump said on Monday the United States was in talks with a “more reasonable regime” to end the war in Iran but repeated his warning to Tehran to open the Strait of Hormuz or risk U.S attacks on its oil wells and power plants. “Great progress has been made but, if for any …
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President Donald Trump said on Monday the United States was in talks with a “more reasonable regime” to end the war in Iran but repeated his warning to Tehran to open the Strait of Hormuz or risk U.S attacks on its oil wells and power plants. “Great progress has been made but, if for any …
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Crude oil prices rose on Monday with Brent futures jumping by more than 2% after United States President Donald Trump said that his “favorite thing” about his country’s military operation in the Middle East would be to “take the oil” from Iran, despite facing opposition in the US. Traders also kept their eyes on the developments in …
Attacks in the Middle East conflict extended into a fifth week Sunday, with Israel striking Tehran and Saudi Arabia intercepting almost a dozen drones, a day after Yemen-based Houthi militants entered the war. The strikes came as 3,500 additional US troops arrived in the Middle East and regional powers including Saudi Arabia and Turkey meet in …
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The Pentagon is preparing for weeks of ground operations in Iran, the Washington Post reported Saturday, citing U.S. officials. The plans could involve raids by Special Operations and conventional infantry troops, the Post reported. Whether President Donald Trump would approve any of those plans remains uncertain, according to the Post. The Trump administration has deployed …
MOSCOW, March 28 – The situation at Iran’s Bushehr nuclear power plant continues to deteriorate and attacks pose a direct threat to nuclear safety, the head of Russia’s state nuclear corporation Rosatom said on Saturday after another strike near the facility. The International Atomic Energy Agency said on Friday that Iran had informed it of …
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The United States Navy is preparing to move the USS George H.W. Bush aircraft carrier into waters near Iran, CNN reported, citing a source familiar with the decision. The vessel is reportedly expected to operate under the United States Central Command (CENTCOM). However, it remains uncertain whether the Bush will reinforce or replace one of …
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