International Energy Agency (IEA) Executive Director Fatih Birol said on Thursday that the global oil markets have been losing 13 million barrels per day (bpd) due to the energy crisis triggered by the Middle East conflict. He added that the loss of other vital commodities, including fertilisers and petrochemicals, “which will have a significant impact …
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The USS George H.W. Bush aircraft carrier is expected to arrive in the Middle East in approximately 3-5 days, a Fox News correspondent shared on Wednesday. The journalist made the announcement in response to a post on X, which stated that United States President Donald Trump’s new deadline to Iran is set to expire on Sunday, …
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Crude prices continued to climb on Wednesday after Iran seized two vessels in the Strait of Hormuz, escalating Middle East tensions. The attacks came even as the US extended its ceasefire deal with Iran, leaving the fate of negotiations uncertain. Tehran has linked future talks to Washington lifting its port blockade. West Texas Intermediate (WTI) for June’s settlements jumped …
Iran seizes two ships for maritime violations, escalating tensions in Strait of Hormuz Pakistan continues mediation efforts Iran and US remain divided on ceasefire, blockade, nuclear issues and control of strait Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic waterway, after U.S. President Donald Trump called …
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US President Donald Trump indefinitely extended a ceasefire with Iran just before its expiration, while maintaining a naval blockade of the Strait of Hormuz. The extension came after planned peace talks between the US and Iran fell apart, with Iran’s representatives refusing to attend due to what they said were unreasonable American demands. Trump said …
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Crude oil prices jumped by more than 4% on Tuesday as investors grew more uncertain about the potential negotiations between the United States and Iran taking place in Islamabad, after reports of US Vice President JD Vance delaying his trip to Pakistan and Iranian officials reportedly saying that they won’t continue talks with the US until the naval …
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Irahttps://youtu.be/LyId5Af-HKcnian officials informed the mediators that Tehran will send its team to Islamabad for negotiations only when the United States removes its naval blockade from the Strait of Hormuz, The Wall Street Journal reported on Tuesday, citing officials. According to the report, Iran initially told the mediators in Pakistan that it will send its delegation …
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United States President Donald Trump said on Tuesday that he “expects to be bombing” Iran after the two-week ceasefire expires on Wednesday. Trump claimed bombing is a “better attitude to go in with” and claimed the US military has been the “most powerful” in the world after he built it during his first term. He …
Israeli Prime Minister Benjamin Netanyahu declared on Monday that Israel has not “finished the work” in Iran. Speaking at the Memorial Day ceremony in Jerusalem, Netanyahu claimed that the world recognizes Israel’s commitment to self-defense and its determination “to defend mankind against barbarous zealotry.” Furthermore, the Israeli prime minister stressed that his country and the …
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