Qatari Energy Minister Saad Al-Kaabi cautioned that war in Iran and affecting the region could devastate global economies, forecasting that all Gulf exporters would halt output within weeks and oil would hit $150 a barrel, the Financial Times said on Friday after interviewing him. Al-Kaabi, who is also President and CEO of QatarEnergy, warned that ongoing …
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United States President Donald Trump said on Friday that there will be no deal with Iran “except UNCONDITIONAL SURRENDER.” He added that, after the current regime surrenders, and “GREAT & ACCEPTABLE” leaders are selected, the US and its allies will work to “bring Iran back from the brink of destruction, making it economically bigger, better, …
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The prices of oil skyrocketed on Friday, continuing their upside spiral after investors received two news pieces impacting the energy market. First, Qatar’s energy minister warned that war involving Iran could send oil to $150 and devastate global economies. Additionally, the Wall Street Journal said Kuwait began cutting production after running out of storage capacity, with further cutbacks expected within days. …
A.P. Moller-Maersk announced on Friday that it will temporarily suspend shipping routes connecting the Far East to the Middle East and the Middle East to Europe, due to escalated tensions in the Gulf region. “This decision has been taken as a precautionary measure to ensure the safety of our personnel and vessels while minimizing operational …
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Iran vows to retaliate anywhere for US attack on warship Postponement of Khamenei mourning interrupts apparent plan to swiftly anoint his son Israel to target underground missile sites in second phase of strikes DUBAI/JERUSALEM, March 5 (Reuters) – The U.S.-Israeli campaign against Iran entered its sixth day on Thursday with what residents described as even …
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A massive blaze erupted in Bahrain Petroleum Company (BAPCO) facilities on Thursday following a new wave of Iranian strikes against the Gulf country. The Iranian leadership announced it would target sites to inflict “maximum economic pain” on countries hosting US forces or supporting the coalition with Israel. Following the threat made on March 2, drones …
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Six people were injured in a drone attack in the United Arab Emirates, the Abu Dhabi Media Office said on Thursday. The office said they are Pakistani and Nepali citizens and that their injuries, sustained from falling debris, are “minor and moderate.” Earlier today, air defense systems intercepted drones in two locations in Abu Dhabi. …
The Iranian military likely only has several days’ worth of ballistic missiles left, the Wall Street Journal reported on Wednesday, citing anonymous Western officials. The claims resemble statements made by United States Defense Secretary Pete Hegseth, who said that Iran’s capabilities are “evaporating by the hour.” The report was based on Iran’s decreasing frequency of …
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Senior aide to late Iranian Supreme Leader Ayatollah Ali Khamenei and former First Vice President Mohammad Mokhber (pictured) said on Wednesday that there would be no negotiations with the United States. “We have no trust in the Americans and have no intention of negotiating with the US. We can continue the war for as long …
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Iran’s Ministry of Intelligence reached out to the United States Central Intelligence Agency (CIA) through another country’s spy agency one day after the US and Israeli attacks began to discuss terms for ending the conflict, The New York Times reported on Wednesday, citing Middle Eastern officials and officials from a Western country briefed on the …
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