Prices of precious metals plummeted on Thursday, erasing yesterday’s gains, with gold dropping more than 2% and silver sinking over 5%, as United States President Donald Trump signaled a quick end to the military campaign against Iran. Trump said that the US could leave Iran in “two or three weeks,” and insisted that Washington’s “core …
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Crude oil prices rose sharply on Thursday after the United States President Donald Trump said that the US will hit Iran “extremely hard” in the coming weeks, further escalating tensions. He also stressed that the US does not need oil from the Middle East and that its forces are there only “to help.” He also urged the countries that …
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Iran’s Islamic Revolutionary Guard Corps (IRGC) declared on Wednesday that the Strait of Hormuz “will not be opened to the enemies of this nation by ridiculous displays” of United States President Donald Trump. “We would also like to remind the noble and history-making nation of Islamic Iran that the situation in the Strait of Hormuz …
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Iranian Foreign Minister Abbas Araghchi insisted in a televised address on Wednesday that his country does not accept the United States’ ceasefire proposal. Araghchi added that Iran instead seeks to end the conflict with the US and Israel, as well as guarantees that such an operation would not repeat. Meanwhile, his department’s spokesperson, Esmail Baghaei, …
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Gulf allies of the United States, led by Saudi Arabia and the United Arab Emirates, are urging President Donald Trump to continue prosecuting the war against Iran, arguing that Tehran hasn’t been weakened enough by the monthlong U.S.-led bombing campaign, according to U.S., Gulf and Israeli officials. After private grumbling at the start of the war that they were not given adequate advance …
The Qatari Ministry of Defense announced Wednesday that the country was targeted by “three cruise missiles launched from Iran.” According to the statement, “our armed forces … successfully intercepted two of the cruise missiles, while the third missile struck an oil tanker leased to Qatar Energy in Qatar’s territorial waters.” All 21 crew members were …
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Major stock indexes on Wall Street extended gains on Tuesday, with the Dow Jones soaring over 900 points after reports surfaced that the US-Iran conflict may be coming to an end. Iran’s President Masoud Pezeshkian said that the country was ready to end the war, but only if there were guarantees against future attacks, according …
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Former Berkshire Hathaway CEO Warren Buffett said on Tuesday that the global nuclear threat would be more dangerous if Iran were to obtain a nuclear weapon. Buffett said during a CNBC interview that nuclear weapons remain the key global risk, adding that while several countries already possess them, “it would be more difficult if Iran …
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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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