US-Israel targeted Kharg Island in a fresh wave of attacks on Tuesday, striking Iran’s key oil export hub as the conflict intensifies. Multiple explosions were reported on the island, with US officials indicating that military targets were hit, even as the strikes came just hours ahead of a deadline set by Donald Trump for Tehran […]
BlackRock CEO Larry Fink warns oil could hit $150 amid Iran‑US war, sparking a ‘global recession’/ Image: BBC Amid an escalating conflict involving Iran‑Israel‑US tensions, now more than three weeks in, with Washington deploying more than 4,000 Marines to the region and weighing further troop movements even as talk of a ceasefire surfaces, oil markets […]
Oil prices surge 40% during Middle East crisis: How it may impact petrol prices in the UAE / Image: file While the Gulf region sits atop some of the world’s largest oil reserves, the prices we pay at the pump aren’t immune to global chaos. Following recent shifts in international policy and escalating tensions involving […]
UAE Food Stock Update: Are Supermarkets Running Out Amid Iran–US-Israel Tensions? Amid escalating geopolitical tensions in West Asia, including recent missile exchanges involving Iran, the United States and Israel that rattled Gulf cities and triggered regional alerts, the United Arab Emirates has reassured the public that its markets remain stable and strategic food reserves are […]
Rescue workers put out a fire at a residential building damaged by a Russian strike in Kyiv, Ukraine (Picture credit: AP) A Ukrainian drone strike triggered a fire at an oil depot in Russia’s southern Volgograd region on Saturday, regional authorities said, as both sides continued to target energy infrastructure amid intensified fighting. There were […]
The United States seized an oil tanker off the coast of Venezuela, President Donald Trump announced Wednesday, marking a dramatic escalation in his administration’s pressure campaign against Nicolás Maduro, the leader of Venezuela. “As you probably know, we have just seized a tanker off the coast of Venezuela, a large tanker, very large, the largest […]
Donald Trump said the process of refilling the reserve would begin shortly US President Donald Trump on Sunday said oil secured under a recently announced deal with Venezuela would be used to replenish the Strategic Petroleum Reserve (SPR), which has been drawn down sharply in recent years amid global supply disruptions and high fuel prices.In […]
US set to take control of major portion of Venezuelan oil wealth The US is set to take majority control over a huge amount of Venezuela’s oil wealth in an unprecedented manoeuvre that officials said would create the world’s second-largest private oil company by reserves and secure American petroleum supplies for decades to come.President Donald […]
Hosting nearly two dozen of the world’s top oil and gas executives at the White House on Friday, Trump abruptly paused the discussion to stroll over to a window in the East Room, eager to check on the progress of his pet project: the long-promised White House ballroom. Mid-sentence, the president rose from his chair, […]
At times, things go wrong even when you try with all your might to ensure they are right. It was in the 1970s, that Times Beach, a small town in Missouri, attempted to solve a common problem for dirt roads by spreading residual oil to reduce dust. Years later, it was discovered that some of […]
