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 use. […]
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 $115 […]
Iran on Sunday threatened to “completely close” the Strait of Hormuz if US President Donald Trump acts on his warning to strike Iranian energy facilities within 48 hours. The Islamic Revolutionary Guard Corps (IRGC) said energy sites in countries hosting US bases would become “lawful” targets.The US President had warned: “If Iran doesn’t fully open, […]
Saudi Arabia agreed to open King Fahd Air Base in Taif to American forces / Image: file Saudi Arabia has granted the United States access to its King Fahd Air Base as tensions with Iran intensify, signaling a new phase of military alignment in the Gulf. The development follows warnings from maritime authorities that the […]
The White House said Friday that the United States could “take out” Iran’s Kharg Island at any time if President Donald Trump gives the order, following reports that the administration was considering plans to occupy or blockade the strategic oil hub.Axios had reported that Trump had been weighing an operation against Kharg to pressure Tehran […]
Iran on Friday released a video of its new Supreme Leader Mojtaba Khamenei, teaching religious studies to a group of students. Islamic Republic of Iran Broadcasting (IRIB) said the footage was being released for the first time, but it did not tell how old it was.Mojtaba Khamenei took over as Iran’s Supreme Leader after his […]
NEW DELHI: India’s continued engagement with the Gulf saw PM Narendra Modi speaking to Kuwait Crown Prince Sabah Al-Khaled Al-Hamad Al-Mubarak Al-Sabah and underlining the significance of safe navigation through Strait of Hormuz and condemning the Iranian attacks on Kuwait.This was the second time Modi spoke to the Crown Prince since the US-Israel strikes on […]
Ali Larijani, secretary of Iran’s Supreme National Security Council, was killed on Tuesday in a strike at his daughter’s home in the Pardis area, according to Iranian state media. The state affiliated, Fars News Agency described him as “one of the country’s prominent and prudent officials” and said the attack also claimed the lives of […]
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 […]
