Oil and gas tankers are increasingly avoiding the Hormuz shipping strait that links the oil-rich Persian Gulf to the open seas after the US and Israel bombed Iran, with Iranian media saying the waterway is “practically closed.” Ships reported hearing a radio broadcast purporting to come from the Iranian navy announcing that transit through the …
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The officials also said that the strike at a US Navy base in Bahrain left no injuries, with the Iranian missile only hitting an empty building. US-Israeli joint strikes on Iran are expected to continue for at least a week, Israeli officials told Walla on Saturday afternoon. A report by Fox News also stated that US …
Iranian Supreme Leader Ali Khamenei and President Masoud Pezeshkian, along with other top Iranian officials, are said to have been killed in an Israeli strike, the Israeli Channel 12 reported on Saturday, citing military sources. The information has not been officially confirmed yet. The Times of Israel reported that an Israeli official confirmed the killings. …
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The United States and Israel launched a massive, coordinated military strike across Iran, including the capital of Tehran, marking a major escalation in the regional conflict. The attack, which included strikes on cities like Isfahan and Qom, led Israel to declare a state of emergency and close its airspace. Analysts expect significant volatility and a …
Continue reading “OIL SET TO SOAR WHEN MARKETS REOPEN SUNDAY NIGHT”
United States President Donald Trump confirmed that US forces are conducting “major combat operations” in Iran. He described the campaign as “massive and ongoing” and said the effort aims to stop Iran from threatening US lives and national security. Trump said the operations respond to Iran’s efforts to rebuild its nuclear program after previous US …
United States President Donald Trump told reporters on Friday that while he is “not happy” with Iran, he has yet to make a decision on Washington’s actions regarding the matter. When asked about using military force against Tehran, the US head of state reiterated that while he wouldn’t like to, “sometimes you have to [use force].” He …
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United States President Donald Trump received a briefing on potential military options for Iran from Navy Admiral Brad Cooper, head of US Central Command (CENTCOM), ABC News reported, citing a person close to the president. Joint Chiefs Chairman General Dan Caine attended the briefing as the president’s top military adviser, a second person familiar with …
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Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Both crude oil benchmarks are now expected to average above $60 per barrel this year, with price forecasts higher by about $1.50 per barrel compared to a month ago, …
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Crude oil prices rose by more than 1.8% on Friday after Iranian Foreign Minister Abbas Araghchi confirmed that his country’s delegation will meet the American negotiating team next week for another round of nuclear talks. Meanwhile, United States President Donald Trump was reportedly briefed on potential military options for Iran, following reports of US Special Envoy Steve Witkoff and …
White House Special Envoy for Middle East Peace Steve Witkoff and Presidential Advisor Jared Kushner expressed disappointment with the Iranian Foreign Minister Abbas Araghchi’s position during the negotiations in Geneva, Axios reporter Barak Ravid reported on Thursday, citing a source familiar with the details. The two sides engaged in direct talks in addition to those facilitated by …
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