Oil prices today: Crude jumps as Trump dashes hopes of quick Iran war end; Brent tops $111

[ad_1] Oil prices rose sharply on Friday as tensions in the Middle East intensified, with the US launching more strikes on Iran, fueling concerns over the energy supply flows through the Strait of Hormuz. Brent crude, the global benchmark, climbed 7.8% to $109.03 per barrel after soaring beyond the $111 per barrel mark. At the […]

No permit, no pass: Iran plans new navigation regime in Strait of Hormuz

[ad_1] Iranian deputy foreign minister Kazem Gharibabadi on Thursday said that Tehran has nearly completed its first draft to establish a new navigation regime in the Strait of Hormuz.In an interview with the Sputnik, Gharibabadi said that Tehran is planning to begin talks with Oman to develop a joint solution.“The draft of this protocol is […]

Will UAE enter Iran war? Abu Dhabi pushes US, allies to reopen Strait of Hormuz by force

[ad_1] Strait of Hormuz (AP photo) Will the UAE enter the Iran war and side with the US against Tehran? After being struck multiple times over the past month and with Iran tightening its grip on the crucial oil chokepoint – the Strait of Hormuz — Abu Dhabi has enough reasons to make an entry […]

‘Will have to reassess that relationship’: Rubio hits out at NATO, says ties can’t be ‘one-way street’

[ad_1] US secretary of state Marco Rubio said on Tuesday (US local time) that Washington may need to “reassess” its relationship with NATO after the Iran war ends.“I think there’s no doubt that, unfortunately, once this conflict is over, we’ll have to take a fresh look at that relationship. We’ll need to reconsider what NATO […]

Pakistan deputy PM Ishaq Dhar falls while welcoming Egyptian FM to Middle East peace talks, video goes viral

[ad_1] Screengrab from video posted on X Pak deputy PM falls (Screengrab from video posted on X) Screengrab from video posted on X Pak deputy PM falls (Screengrab from video posted on X) Screengrab from video posted on X Pakistan’s deputy prime minister, foreign minister Ishaq Dar fell on the red carpet on Sunday while […]

War to end in ‘weeks, not months’: Rubio says no need to send ground troops to Iran

[ad_1] The United States expects its military operations against Iran to conclude within “weeks, not months,” and can achieve its objectives without deploying ground troops, secretary of state Marco Rubio said on Friday. Speaking after meetings with G7 counterparts in France, Rubio said Washington was “on or ahead of schedule in that operation, and expect […]

Watch: US President calls it ‘Strait of Trump,’ then says it wasn’t an accident

[ad_1] US president Donald Trump on Friday winkingly referred to the Strait of Hormuz, the critical oil shipping route and a key choke point in the Iran war, as “Strait of Hormuz.”While speaking at the Future Investment Initiative in Miami Trump said, “Iran has to ‘open up the Strait of Trump, I mean, Hormuz,’” Trump […]

Petrol, diesel price today: After excise duty cuts, will petrol and diesel rates in your city come down?

[ad_1] Despite the sharp rise in global oil prices, retail fuel rates have remained unchanged. (AI image) Petrol and diesel prices have been in focus since the start of the US-Iran war which has led to a huge rise in global crude oil prices. Several neighbouring countries have either raised petrol prices or rationed its […]

Iran’s oil revenue soars as others struggle due to Strait of Hormuz crisis; how much is it earning daily?

[ad_1] Iran is benefitting twofold from the sale of oil amid rising prices since the start of the war as it is the only country to transit the Strait of Hormuz. Tehran is estimated to have generated roughly $139 million per day from sales of this key blend so far in March, up from about […]