Pakistan cancels Republic Day parade as Middle East war triggers oil crisis, strains fuel supplies

[ad_1] Pakistan army (PTI file photo) There will be no Republic Day parade in Pakistan this year, as Islamabad has cancelled its March 23 ceremonial event due to the Middle East crisis, which has triggered an oil crisis in Pakistan amid rising tensions in the Gulf region, the Prime Minister Shehbaz Sharif’s office confirmed, according […]

UAE slams Iran’s ‘terrorist attack’ as missiles target Abu Dhabi’s Habshan gas facility, Bab oil field: Calls it ‘dangerous escalation’ amid war with US-Israel

[ad_1] Gulf on Edge: UAE Condemns Missile Attack on Habshan and Bab Field Amid Iran vs US-Israel War The United Arab Emirates has issued a strong condemnation of what it described as a “terrorist attack” by Iran targeting the Habshan gas facility and the Bab oil field, marking yet another escalation in the rapidly intensifying […]

Watch: Fire erupts again at Fujairah port in UAE, harbour suspends oil loadings

[ad_1] A fire broke out at the Fujairah port in the UAE after the harbour was hit once again by a drone attack. According to the video, thick plumes of smoke could be seen rising into the sky from the area following the strike. Following the strike, the port had suspended oil loadings and damage […]

Evacuate ports, docks in Dubai, Abu Dhabi, Fujairah: Iran warns; claims ‘American hideouts’ in UAE emirates ‘used’ to strike oil hub Kharg Island amid war with US-Israel

[ad_1] Iran Warns UAE Ports: Escalation in Gulf Conflict Threatens Global Trade Amid War With US-Israel The war between Iran, the United States and Israel has entered a dangerous new phase, with tensions spilling across the Gulf and threatening some of the region’s most important economic hubs. In a dramatic escalation, Iranian authorities have urged […]

Iran considers allowing a limited number of oil tankers to pass through the Strait of Hormuz

[ad_1] Iran is considering allowing a limited number of oil tankers to pass through the strategic Strait of Hormuz, provided that the oil cargo is traded in Chinese yuan, CNN reported quoting an Iranian official.Tehran is working on a new plan to manage the flow of tankers through the key maritime corridor amid escalating tensions […]

‘White House now begging India’: Iran FM Araghchi mocks US U-turn on Russian oil

[ad_1] Iranian foreign minister Seyed Abbas Araghchi (ANI photo) Iran’s foreign minister Seyed Abbas Araghchi on Sunday sharply criticised the United States over its stance on Russian crude oil, claiming Washington was now “begging” countries, including India, to buy Russian oil after earlier pressuring them to halt such imports.In a post on X, Araghchi said, […]

Trump eases curbs on Russian oil, says ‘will hit Iran very hard’

[ad_1] President Donald Trump said the US was going to be hitting Iran “very hard over the next week”, shortly after issuing a partial 30-day waiver for purchases of sanctioned Russian oil, hoping to ease prices fuelled by the US-Israeli war on Iran. Prices have been whipsawing on Trump’s changing comments on the likely duration […]

‘Certainly does not help peace’: Zelenskyy says US easing of Russian oil sanctions could hand Moscow $10 billion for war

[ad_1] File photo: Ukrainian President Zelenskyy (Picture credit: AP) Ukrainian President Volodymyr Zelenskyy on Friday said a US decision to temporarily ease sanctions on Russian oil sales could hand Moscow about $10 billion in extra revenue, warning the move would directly undermine efforts to end the war in Ukraine.“This one concession alone by the United […]

Middle East news: HSBC makes bold GCC prediction as Iran vs US-Israel war rattles markets and oil prices surge

[ad_1] War, Oil, Markets: HSBC’s Bold Bet on the Gulf Amid Iran vs US-Israel Crisis Even as geopolitical tensions escalate across the Middle East, global banking giant HSBC has publicly reaffirmed its confidence in the long-term economic strength of the Gulf Cooperation Council (GCC) economies, signalling that international financial institutions are not retreating from the […]

Watch: Video shows huge blaze after blasts hit oil tankers off Iraq’s Basra coast

[ad_1] At least one person has died and two oil tankers caught fire in the Persian Gulf off the coast of Basra, Iraq on Wednesday, after explosions that officials suspect were caused by an attack.Reuters reported that explosive-laden Iranian boats may have struck the vessels, citing preliminary findings from an Iraqi-led investigation into the incident. […]