[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 […]
[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, […]
[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 […]
[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 […]
[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 […]
[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. […]
[ad_1] Iranian Drones Hit Fuel Tanks at Oman’s Salalah Port, Massive Fires Erupt, Tehran Denies Role The widening conflict between Iran, the United States and Israel has now reached one of the Gulf’s most strategically important maritime hubs. On March 11, 2026, multiple drones struck fuel storage tanks at the Port of Salalah in Oman, […]
[ad_1] Confirmed, deleted, and then clarified. After Donald Trump‘s aide claimed in a boastful tone that the American navy had “successfully escorted” an oil tanker through the troubled Strait of Hormuz, the post was quickly deleted. The White House later clarified that the United States had not escorted any oil tanker through the key waterway, […]
[ad_1] Recently, the rare scientific phenomenon received global attention after reports from Tehran in March 2026 indicated that residents observed ‘dark rain’ following airstrikes on oil storage facilities. This led to massive fires that released thick smoke into the atmosphere. When rain clouds formed over the city, the raindrops fell into the clouds, thus forming […]
[ad_1] Our business reporter Peter Eavis looks at the global implications of the Strait of Hormuz, the narrow waterway to the south of Iran. He analyzes ship activity in the strait, comparing it before and after the United States and Israel initiated attacks on Iran. By Peter Eavis, Sutton Raphael, Leila Medina, Stephanie Swart, Blacki […]
