‘War leaves regime desperate for cash’: US sanctions agencies monitoring Strait of Hormuz as Middle East conflict enters 90th day
The U.S. government announced new sanctions on Iran, targeting the country’s newly created agency tasked with overseeing shipping in the Strait of Hormuz, as Washington continues to increase pressure in the ongoing war. On Wednesday (local time),…
Pakistan minister calls himself ‘ordinary worker’ for Army Chief Munir, sparking outrage on social media
LAHORE: A Pakistani minister’s description of himself as an “ordinary worker” for Field Marshal Asim Munir has sparked outrage on social media, with critics saying the remarks highlighted the military’s growing influence in…
Oil surges to $119 as Trump tightens squeeze on Iran, US strike plan ready
US President Donald Trump meets with oil company and trading company executives at meeting White House Brent crude prices climbed to $119 a barrel on Wednesday as U.S. military commanders separately prepared a strike plan to increase pressure on Tehran…
Today’s oil prices: Trump dashed hopes for a quick end to the Iran war, crude oil prices rose; Brent crude oil topped $111
Oil prices rose sharply on Friday as tensions rose in the Middle East and the United States launched more strikes against Iran, heightening concerns about energy supply flows through the Strait of Hormuz. Global benchmark Brent crude rose 7.8% to $109.03…
War will end in ‘weeks, not months’: Rubio says no need to send ground troops to Iran
US secretary of state expects military campaign against Iran to end in “weeks, not months” and can achieve its objectives without deploying ground troops Marco Rubio said Friday. Rubio said after meeting with his G7 counterparts in France…
BlackRock CEO Larry Fink warns oil prices could hit $150 amid Iran-US war, leading to ‘global recession’
BlackRock CEO Larry Fink warned that oil prices could hit $150 in a war between Iran and the United States, triggering a “global recession”/Image source: BBC The escalating conflict between Iran, Israel and the United States has lasted more…
Why the 2027 Social Security COLA could be bigger than expected
U.S. Social Security recipients could see a larger-than-expected cost-of-living adjustment (COLA) as rising oil prices tie into 2027 geopolitical tensions Experts say it drives up inflation. While current Social Security payments won’t change…
U.S. Treasury Secretary Bessent said the U.S. hinted it would drop sanctions on Iran and could release stranded oil tankers
The United States is considering a major policy shift to lift sanctions on Iranian oil currently stranded on tankers at sea. U.S. Treasury Secretary Scott Bessant said on Thursday the move was aimed at increasing global crude supplies and easing price…
‘Reason and coordination’: Jaishankar reveals how India ensured passage of two oil tankers in Strait of Hormuz during Iran war
S Jaishankar (PTI file photo) NEW DELHI: India has hailed direct talks with Iran as the “most effective way” to restart shipping in the Strait of Hormuz, which affects global supplies, while Tehran allows Indian-flagged ships to pass through…
War in West Asia aggravates energy crisis, US will release 172 million barrels of oil
The United States says it will release 172 million barrels of oil from its strategic petroleum reserves as Iran’s war with the United States begins to impact global energy supplies. It comes as Iran retaliated by blocking the Strait of Hormuz, a…