Oil prices extended their gains as the Middle East conflict intensifies and Strait of Hormuz continues to see disruption, fueling fears of supply disruptions in global markets. On Tuesday, Brent crude futures rose by $2.48, or 2.5%, to $102.69 per barrel at 0058 GMT, while US West Texas Intermediate (WTI) crude advanced by $2.42, or […]
Shock in UAE: Missile Falls on Car in Abu Dhabi, One Killed as Authorities Issue Urgent Warning Amid Iran vs US-Israel War The ongoing Middle East conflict has cast a long shadow over the Gulf, with the United Arab Emirates confronting one of the most serious security incidents linked to the regional crisis. Authorities in […]
UAE Slams Iran’s ‘Aggression’ Claim, Says Allegations Are Misleading A sharp diplomatic exchange has erupted between the United Arab Emirates and Iran after Iranian Foreign Minister Abbas Araghchi accused the UAE of carrying out “aggression” against Tehran. The claim was swiftly rejected by senior Emirati officials, who described the accusation as misleading and insisted that […]
Ships are seen anchored near Fujairah port as smoke from burning oil facility fills the sky in Fujairah (AP photo) An Indian-flagged crude tanker had a close call when the the UAE’s Fujairah port came under attack on Saturday while it was loading crude at the oil terminal. The vessel sailed out safely the next […]
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 residents […]
United States President Donald Trump’s administration rebuffed efforts by Middle Eastern allies to start diplomatic negotiations aimed at ending the Iran war that started two weeks ago with a massive US-Israeli air assault, according to three sources familiar with the efforts.Iran rejected the possibility of any ceasefire until US and Israeli strikes ended, two senior […]
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 in […]
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, “The […]
NEW DELHI: In his phone conversation with Iranian President Masoud Pezeshkian late Thursday, PM Modi stressed that India is Iran’s friend and that his govt will do all it can to advance diplomacy as escalation is not in anyone’s interest. This is the closest India has come to expressing solidarity with Tehran, which said Friday […]
Iran has reportedly allowed two LPG tankers to pass through the Strait of Hormuz to sail to India, while concerns rise on supply diruptions in the country amid ongoing conflict in the Middle East.Additionally, a crude oil tanker carrying Saudi Arabian cargo is set to reach India on Saturday after passing through the Strait around […]
