Katz: Israel attacking Tehran with unprecedented force

Katz: Israel attacking Tehran with unprecedented force

Israeli Defense Minister Israel Katz said on Monday that the Israeli military is at the moment “striking with unprecedented force regime targets and governmental repression bodies in the heart of Tehran.” “For every rocket fired at the Israeli home front, the Iranian dictator will be severely punished, and the strikes will continue with full intensity. …

World Braces for Iran’s Response After US Strikes Signal New Era

World Braces for Iran’s Response After US Strikes Signal New Era

The unprecedented US airstrikes on Iran have set traders and governments worldwide on edge, as the Islamic Republic warns of retaliation and Israel shows no sign of letting up in its assault. President Donald Trump’s decision to deploy bunker-busting bombs, Washington’s first direct military action against Iran after decades of hostility, has pushed the Middle East …

Goldman Sachs: Geopolitical Risk Could Add $10 to Oil Prices

Goldman Sachs: Geopolitical Risk Could Add $10 to Oil Prices

Goldman Sachs estimates a geopolitical premium of approximately $10 per barrel on Brent crude, though it suggests oil could exceed $90 if Iranian supply is disrupted. The bank’s base-case scenario, which assumes no supply disruption and Brent averaging $60 per barrel, is becoming increasingly doubtful due to President Trump’s floating of the possibility of the …

Iran’s parliament agrees to close Hormuz strait for traffic

Iran’s parliament agrees to close Hormuz strait for traffic

Member of the Iranian Parliament Esmaeil Kowsari told the press on Sunday that the lawmakers voted in favor of closing the Strait of Hormuz for traffic in response to the United States and Israel’s recent attacks on the country’s territory. In order to become official, the decision must be approved by Supreme Leader Ayatollah Ali …

Trump: Iran doesn’t need nuclear energy, has oil

Trump: Iran doesn’t need nuclear energy, has oil

United States President Donald Trump questioned Iran’s insistence on nuclear energy on Friday, arguing the country’s vast oil reserves make such programs unnecessary. Talking to the press, the president also claimed Tehran was “weeks or months away” from a nuclear weapon before the latest escalation. He reiterated that the US, not Europe, is the actual …

Araghchi: Iran rejected US request for negotiations

Araghchi: Iran rejected US request for negotiations

Iranian Foreign Minister Abbas Araghchi said on Friday that his government rejected a request from the United States to engage in negotiations. He added that “there is no longer any need for proof” that the US is already involved in Israel’s strikes against Iran, citing the Trump administration’s rhetoric. Araghchi added that Iran’s talks with …

Oil dips 2.5% as Trump delays decision on Iran involvement

Oil dips 2.5% as Trump delays decision on Iran involvement

Crude oil prices fell by over 2.5% on Friday after White House Press Secretary Karoline Leavitt told reporters that United States President Donald Trump will decide within the next two weeks on whether Washington will be more directly involved in the conflict between Israel and Iran, despite reports that the US is already planning to attack …