Global oil markets experienced turbulent trading on Monday as US President Donald Trump escalated threats against Iran, demanding the reopening of the Strait of Hormuz or promising attacks on critical infrastructure. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be…
Videos circulating from Baharestan, Iran, captured repeated explosions and a large fire following a recent attack targeting areas near strategic and industrial infrastructure. The assault comes after earlier strikes this week on Esfahan, a key transport and industrial hub, highlighting sustained pressure on central parts of the country as the…
Donald Trump issued a stark warning to Iran on Saturday, demanding the reopening of the strategic Strait of Hormuz within 48 hours or face the targeted destruction of its energy infrastructure. The statement was posted on his Truth Social platform, where he emphasized that US strikes would begin with Iran’s…
Israeli Prime Minister Benjamin Netanyahu has declared that Israel and the United States are “winning” the ongoing conflict with Iran, claiming the Islamic Republic’s military and nuclear capabilities have been significantly weakened. Speaking during an English-language press conference on Thursday, Netanyahu said Iran had been “decimated” and no longer possessed…
The International Monetary Fund (IMF) has raised concerns over the potential economic fallout from the ongoing conflict involving Iran, warning that prolonged instability could push up global inflation and slow economic growth. Speaking during a press briefing on Thursday, IMF chief spokesperson Julie Kozack said the institution is closely monitoring…
Qatar’s main gas facility has suffered extensive damage following multiple rounds of Iranian strikes, intensifying concerns over global energy supplies as the ongoing Middle East conflict escalates. The attacks form part of a broader pattern of strikes on critical oil and gas infrastructure across the region, raising fears of prolonged…
Israel announced on Tuesday that it had killed Ali Larijani, Iran’s national security chief, marking a potentially significant blow to Tehran amid intensifying regional hostilities. Israeli Defence Minister Israel Katz stated that Larijani was “eliminated last night,” though the claim has yet to be independently confirmed by Iranian authorities. Earlier,…
Global energy markets remained volatile on Tuesday as escalating tensions in the Middle East continued to disrupt oil supply routes and trigger coordinated responses from governments and industry players. Oil Prices Climb Amid Strait of Hormuz Disruptions International benchmark Brent crude rose by 2.6 percent to $102.84 per barrel, while…
Attacks on shipping lanes and critical energy infrastructure in the Middle East pushed global oil prices above $100 per barrel on Thursday, as American and Israeli airstrikes targeted Iranian positions with no clear end to the conflict in sight. Iranian forces struck a container ship near Dubai, ignited a blaze…