The US and Iran clashed overnight, with Kuwait and Bahrain caught in the crossfire, following days of rising tension that threatens to derail US-Iran talks about an interim peace deal. Iran targeted the US’s main naval base in Bahrain and the Ali Al-Salem airbase in Kuwait, and the US struck a communications tower on the …
Continue reading “US, Iran Exchange Military Strikes to Put Fresh Strains on Ceasefire”
Lebanon announced a partial ceasefire between Hezbollah and Israel on Monday in what would amount to a limited de-escalation of a conflict that has killed thousands of people and inflamed the broader U.S.-Israeli war with Iran. According to Lebanon’s embassy in Washington, the agreement would not end the conflict in that country. But it calls …
The prices of oil futures continued to move upward on Monday, with the West Texas Intermediate (WTI) rallying over 7.5% after media reported that Tehran would stop negotiations with the United States over Israel’s latest military actions in Lebanon, and completely close the Strait of Hormuz. Iran and the US also recently exchanged strikes, further bringing the stability of …
Continue reading “WTI surges over 7.5% amid Iran escalation fears”
Iran ended the negotiations with the United States over Israeli strikes on Lebanon and will completely shut the Strait of Hormuz, Iranian Tasnim News Agency reported on Monday. According to the outlet, Tehran suspended “talks and exchanges of messages through mediators” due to “continued crimes of the Zionist regime in Lebanon,” as the resolution of …
Continue reading “Iran said to halt US talks, completely close Hormuz”
The prices of oil futures tumbled on Friday as United States President Donald Trump announced that he will make a “final determination” on the Iran agreement soon. The US head of state further mentioned that Washington will lift the blockade in the Strait of Hormuz, adding that Tehran’s enriched uranium will be “destroyed.” The latest …
Iran has not informed the Pakistani mediators of a deal on a memorandum of understanding with the United States having been reached, Iran’s semi-official outlet, Tasnim News Agency, reported on Friday, citing a source close to the negotiating team. The source reportedly added that, when the deal is reached, Tehran will notify both the mediators …
Continue reading “Iran said to deny deal with US being finalized”
United States Treasury Secretary Scott Bessent stated on Thursday that “we do not have unlimited patience” for Iran. While speaking at a White House press briefing, Bessent argued that “we did not have a regime change in Iran, but we changed the regime.” He explained that the Iranian government, the Islamic Revolutionary Guard Corps (IRGC) …
International Energy Agency (IEA) Executive Director Fatih Birol warned on Thursday that the world is facing the “largest energy security crisis” in history, warning the turmoil in Middle East as a consequence of the military attacks between the United States and Iran could “reshape investment strategies globally” similarly to the oil shocks of the 1970s. …
Continue reading “IEA: Middle East crisis could reshape global investment”
US President Donald Trump said on Wednesday that Iran appeared willing to reach an agreement with Washington, but stressed that the United States was “not satisfied” with Tehran’s latest position. Speaking at a Cabinet meeting, the president commented that Tehran needed a deal because the economy was under severe pressure and repeated that the country …
Continue reading “Trump: US not satisfied with Iran’s position”
Oil prices briefly fell below $100 on optimism over a potential U.S.-Iran deal, but rebounded after President Trump said there was “no rush” and confirmed the Hormuz blockade would remain in place. Analysts warn the market is underestimating the crisis, with around 14–15 million bpd of supply disrupted, inventories falling rapidly, and the IEA cautioning …