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Oil Prices Rise Over Stalled US-Iran Talks

Major developments we’re monitoring: Iran’s Foreign Minister Abbas Araghchi was in Russia Monday for a meeting with President Vladimir Putin as…

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US Forces Board an Oil Tanker Sanctioned for Smuggling Iranian Crude Oil

The Pentagon on social media says US forces “conducted a right-of-visit maritime interdiction” and boarded the M/T Tifani “without incident.”…

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Japan announces a $10 billion Financial Support Fund for Southeast Asia, Struggling with Surging Oil Prices

Prime Minister Sanae Takaichi, after holding a video conference with leaders from Southeast Asia, told reporters that the assistance, dubbed…

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Pakistan Hikes Fuel Prices by 42% Amid Global Oil Price Surge Linked to Iran War

The Pakistani government called Thursday’s increase unavoidable as global oil costs climb because of the Iran war and energy market…

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Dubai Authorities Respond to Drone Incident involving Kuwaiti Oil Tanker

Competent authorities in Dubai are responding to an incident involving a drone affecting a Kuwaiti oil tanker in Dubai waters…

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Trump says he will Destroy Iran’s Electricity Plants, Oil Wells and Kharg Island Unless there is a Peace Deal

The U.S. president said on social media that his administration “is in serious discussions” with Iran to end military operations,…

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Oil climbs and Asian Shares Fall over Iran War De-escalation Uncertainties

Oil prices gained again Thursday and Asian shares were mostly lower as a de-escalation of the Iran war remains uncertain.…

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News

US-Israel War on Iran Day 15: Trump says Bombs Kharg Island; Tehran Warns of Oil Retaliation

Gulf intercepts missiles and drones as US signals tougher strikes on Iran. President Donald Trump announced US strikes on Iran’s…

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News

US Says it Destroyed 16 Minelaying Vessels Near the Strait of Hormuz

The U.S. said it took out more than a dozen minelaying Iranian vessels Tuesday and the Islamic Republic vowed to block…

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Business

Beyond Oil: Why Regional Conflict Is Becoming a Development and Financial Risk Story

Editor’s Opinion War in the Middle East is rarely contained to the battlefield. It moves quickly into shipping lanes, insurance…

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