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The U.S. has restricted air defense time slots for oil tankers passing through the Strait of Hormuz to two designated periods per day, following an increase in Iranian attacks.
The U.S. has restricted air defense time slots for oil tankers passing through the Strait of Hormuz to two designated periods per day, following an increase in Iranian attacks.
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VLCC tanker rates from the Gulf of Oman to China have surged 4.5 times to Worldscale 450, reaching a record high of $11.5 per barrel, due to escalating Middle East conflicts.
According to data from the Baltic Exchange, the freight rate for Very Large Crude Carriers (VLCCs) from the Gulf of Oman in the Middle East to China surged to around Worldscale 450 this week, which is
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BRICS Leaders, Including China, Russia, and Iran, Convene 11-Nation Summit in New Delhi Amid Global Trade Tensions and Mideast Conflict
Leaders of the 11-member BRICS bloc are meeting in New Delhi, India. The summit takes place as US President Donald Trump's administration has again impacted global trade with tariffs, and the seven-mo
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US Treasury Secretary Bessent defends $6 billion bond buyback, attributes market instability to Iran conflict
US Treasury Secretary Scott Bessent stated that the Treasury's $6 billion bond buyback, which failed to lower mortgage rates and saw 10-year Treasury yields climb, did not fail but rather received few
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Supertanker Rates on Middle East-to-China Route Hit $800,000 a Day Amid Escalating Gulf Tensions
Supertanker rates on the Baltic Exchange's benchmark Middle East-to-China shipping route have surged to a staggering $800,000 a day. This comes as US forces recently destroyed five Iranian-linked tank
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US Treasury Sanctions Additional Iranian Airlines, Severing Country's Limited Air Connections to Rest of World
US Treasury Sanctions Additional Iranian Airlines, Severing Country's Limited Air Connections to Rest of World
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Houthis reportedly take control of Yemen’s entire Red Sea coast, threatening key alternative shipping route to Strait of Hormuz
The Iran-backed Houthi forces have reportedly taken control over most of the western Red Sea coastal line. Experts fear this development threatens the key alternative shipping route to the Strait of H
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Iranian and Russian presidents criticized Western sanctions at the BRICS Business Forum, calling for deeper trade ties and expanded local currency settlements.
Iranian President Masoud Pezeshkian and Russian President Vladimir Putin on Friday criticized Western sanctions against their economies at the BRICS Business Forum and urged Global South nations to de
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Pakistan engages in diplomacy with Iran and Saudi Arabia as Houthi-Saudi conflict escalates and Brent crude surpasses $107
Iran's Foreign Minister Abbas Araghchi held phone calls on Thursday night with Pakistan's chief of defence forces, Field Marshal Asim Munir, and Saudi Arabia's Foreign Minister, Prince Faisal bin Farh
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Chevron CEO Mike Wirth stated that early buffers in the oil market have been "depleted," and the risk of oil price increases from the Iran war is now higher.
Chevron CEO Mike Wirth stated that early buffers in the oil market have been "depleted," and the risk of oil price increases from the Iran war is now higher.
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Iran's Foreign Ministry Accuses IAEA of Politicizing Nuclear Assessments to Justify Military Action, Warns of Accountability
Iran's Foreign Ministry accused the International Atomic Energy Agency (IAEA) and its Director General of politicizing technical nuclear assessments, claiming they have been used to build the case for
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Iran's Oil Exports Remain Severely Constrained Nearly Two Months into Renewed US Naval Blockade
Iran's Oil Exports Remain Severely Constrained Nearly Two Months into Renewed US Naval Blockade
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The acting Secretary of the U.S. Navy acknowledged that an Iranian attack severely damaged a naval base in Bahrain and is evaluating the base's future; Iran's Foreign Minister responded by stating that their armed forces "severely damaged" a U.S. military base; multiple U.S. military aircraft were damaged at a base in Jordan.
Acting U.S. Secretary of the Navy Hung Cao stated on Wednesday that a U.S. military facility in Bahrain suffered significant damage in recent conflicts with Iran, and Washington is evaluating the futu
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Efron: Iran War Solved None of Israel’s Problems
Efron: Iran War Solved None of Israel’s Problems
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IEA Warns Oil Demand May Have to Fall Further as Iran War Drags
The International Energy Agency (IEA) cut its forecast for oil demand, stating that consumption may need to decline further in the coming months as the Iran war continues and consumers are forced to a
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Iranian Foreign Minister Araqchi and Pakistan's Army Chief Munir discussed de-escalation of US-Iran conflict and a potential return to diplomacy, a Pakistani security official told Reuters.
Iranian Foreign Minister Araqchi and Pakistan's Army Chief Munir discussed de-escalation of US-Iran conflict and a potential return to diplomacy, a Pakistani security official told Reuters.
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Iran and Gulf States to Meet on Hormuz Deal, Aiming to Ease Hostilities and Reopen Strait
Regional states hope a temporary shipping agreement between Iran and Oman can offer a pathway to ease hostilities and reopen the Strait of Hormuz.
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Dubai Airports Group plans to build underground fuel tanks to guard against (missile) attacks.
Dubai Airports plans to build underground fuel tanks to guard against missile attacks. The UAE is pressing ahead with expansion plans for its aviation hub despite the ongoing war in Iran.
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Young Republicans Break with Trump Over Iran War at RNC Midterm Convention
Young Republicans Break with Trump Over Iran War at RNC Midterm Convention
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US President Donald Trump stated he does not regret launching the war in Iran and denied that US military assets were damaged in the attacks.
In an interview with Fox News, U.S. President Donald Trump stated that he does not regret launching the war against Iran and would do it again if given the chance, even if it might affect the midterm
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US Treasury Secretary Scott Bessent announced that sanctions would be imposed on a major bank on Monday, and that several banks in Egypt and Turkey have already been sanctioned.
U.S. Treasury Secretary Scott Bessent announced that he would impose sanctions on a major bank on Monday (September 14) to commemorate 9/11. He also revealed that the U.S. government has sanctioned an
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Iran Claims Capture of US "Saildrone" Near Strait of Hormuz
The Iranian Revolutionary Guard Corps Navy announced that its forces struck a U.S.-operated "sail drone" at the entrance to the Strait of Hormuz, claiming the action "thwarted an aggressive mission."
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Donald Trump hinted that the election might restrict "full-scale" U.S. action against Iran, claiming that U.S. forces sank 22 vessels in the Strait of Hormuz overnight.
Donald Trump also insisted he did not regret the conflict and stated that the United States controls the Strait of Hormuz.
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U.S. Diesel Price Breaks $6/Gallon for First Time, Up Nearly 60% Since Iran War Began Amid Tight Supply
The U.S. average diesel price surpassed $6 a gallon for the first time, according to GasBuddy, up nearly 60% since the Iran war began. Supply remains extremely tight, with U.S. diesel inventories 13%
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Trump downplays speculation of strike on Iran, but says US is "locked and loaded" while stating there are no immediate strike plans and negotiations are underway
Trump downplays speculation of strike on Iran, but says US is "locked and loaded" while stating there are no immediate strike plans and negotiations are underway
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Donald Trump told the Financial Times that the U.S. "seems to be getting everything we want" on the Iran issue.
Donald Trump told the Financial Times that the U.S. "seems to be getting everything we want" on the Iran issue.
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Yemen's Foreign Minister says Houthis are "not ready for peace" and accuses Iran of employing them
Yemen's Foreign Minister Afrah al-Zouba stated that Houthi rebels are unwilling to strike a peace deal with the internationally recognized government to end the country’s 12-year civil war. Speaking a
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An oil tanker was struck by two "unidentified projectiles" near the Strait of Hormuz, hitting the engine room.
The United Kingdom Maritime Trade Operations (UKMTO) reported that an oil tanker was struck in the engine room by two "unidentified projectiles" 26 kilometers (14 nautical miles) northeast of the coas
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The Iranian military stated that it has updated its target list for US and Israeli assets in response to any new attacks.
Ali Abdollahi, Chief of the General Staff of the Armed Forces of Iran, stated that the military has updated its target list concerning U.S. and Israeli assets. Abdollahi warned that all military facti
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Former Republican Congressional Staffer Warns: War with Iran Could Cost Republicans Politically
Former Republican congressional staffer John Feehery said that President Donald Trump needs to end the war with Iran to allow the American public to "return to affordability," otherwise the Republican
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Israel warns Iran may be preparing to use chemical weapons, causing deep divisions within the Trump administration; U.S. forces reportedly plan to launch strikes as early as November 4.
Israel has warned U.S. intelligence officials that Iran may be preparing to use chemical weapons, a claim that has caused serious divisions within the Donald Trump administration. Some U.S. officials
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The DXY rose with Treasury yields, as markets focused on the situation in Iran over the midterm elections.
The DXY rose with Treasury yields, as markets focused on the situation in Iran over the midterm elections.
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A spokesperson for the Iranian negotiating team stated that "no new agreement was reached" in the latest exchange of peace proposals with the United States, but discussions are ongoing; Iran is prepared to deliver a "crushing response" to any attack.
A spokesperson for the Iranian negotiating team stated that "no new agreement was reached" in the latest exchange of peace proposals with the United States, but discussions are ongoing; Iran is prepar
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The US has reportedly approved Qatar's proposal and is awaiting Iran's response.
The US has informed Qatari mediators that it has approved the submitted proposal, according to senior sources cited by Al Arabiya English. The mediators are now awaiting Iran's response. This report p
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Iran security chief Rezaei states US must "fully and explicitly" address Iran's seven conditions for Strait of Hormuz to reopen, as US response was "not convincing"
Iran security chief Rezaei states US must "fully and explicitly" address Iran's seven conditions for Strait of Hormuz to reopen, as US response was "not convincing"
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Qatar's Foreign Ministry spokesperson stated that Qatar still hopes the United States and Iran can reach an agreement.
Qatari Foreign Ministry spokesperson Majed Al-Ansari stated that regional neighbors and international partners are working together to facilitate an agreement between the United States and Iran, confi
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Iran's Rezaee stated that the Strait of Hormuz will remain closed until the United States meets Iran's seven conditions.
Iran's Rezaee stated that the Strait of Hormuz will remain closed until the United States meets Iran's seven conditions. He emphasized that the U.S. response to Iran's demands has been insufficient, a
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Iran may announce nuclear concessions in exchange for the US unfreezing some funds, Al-Araby Al-Jadeed reported, citing sources.
Iran may announce concessions on its nuclear program in exchange for Washington releasing some of Tehran's frozen funds, Al-Araby Al-Jadeed reported, citing sources close to the negotiating teams. The
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Iranian President Pezeshkian: A return to war benefits no one; Iran is still seeking to resolve the crisis through dialogue.
Iranian President Masoud Pezeshkian stated that a return to war benefits no one, and Iran is still attempting to resolve the crisis through dialogue. This follows reports of a U.S. attack on Qeshm Isl
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The US has approved a draft memorandum of understanding submitted to Iran by Qatari mediators, according to Al-Araby Al-Jadeed.
The US has reportedly approved a draft memorandum of understanding submitted to Iran by Qatari mediators, according to Al-Araby Al-Jadeed, citing sources close to the mediation team. Both sides are sa
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Iran's Armed Forces Chief of Staff proposes five regional security conditions, while Qatar states that the U.S. and Iran are considering a proposal to resume negotiations.
Major General Ali Abdollahi, Chief of Staff of the Iranian Armed Forces, has proposed a five-condition roadmap for achieving lasting security: an end to hostilities on all fronts, including Lebanon an
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Qatar Foreign Ministry Spokesperson: All efforts are being made to bridge the differences in the US-Iran conflict, remaining hopeful for a solution.
Majed Al-Ansari, spokesperson for Qatar's Ministry of Foreign Affairs, stated today at a press conference that Qatar is making every effort to bridge the differences in the conflict between the United
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Qatari mediators expect feedback from the US and Iran within 36 hours on a new proposal to advance talks, according to an official briefed on the talks to Reuters.
Qatari mediators expect feedback from the US and Iran within 36 hours on a new proposal to advance talks, according to an official briefed on the talks to Reuters.
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Israeli military spokesperson denies involvement in attack on Iran's Qeshm Island.
Israeli military spokesperson denies involvement in attack on Iran's Qeshm Island.
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Analyst: US-Iran Diplomacy and Force Parallel Under Qatari Mediation, No Fundamental Breakthrough Achieved
According to Al Jazeera, Zeidon Alkinani, founding director of the Arab Institute for Cognition, stated that diplomacy and force between the US and Iran "are running in parallel" following the US's "d
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Iran rejects US "top-down attitude" as "unacceptable" amid diplomatic talks
Iran's Foreign Ministry spokesperson criticized Washington's approach as "unacceptable," stating Tehran will not tolerate a "top-down attitude." The spokesperson cited US violations of international p
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Iranian soldier killed in clash with 'hostile group'
A member of the Iranian army’s ground forces was killed in a clash with a hostile group in the country's southeast, according to Iran’s Tasnim news agency. Another soldier was reportedly injured in th
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Iran's Islamic Revolutionary Guard Corps (IRGC) reported that three oil tankers exploded after hitting mines in the Strait of Hormuz.
The IRGC stated that the tankers had turned off their geolocation tracking systems while passing through the southern Strait of Hormuz without Iran's permission. Iran had previously issued multiple wa
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The Current State of Digital Currency Trading Platforms and Regulatory Challenges in Iran, with a Discussion of Hopoo Exchange
Iran is actively developing digital currencies to circumvent international trade restrictions amid global sanctions. The country has enacted regulations for Bitcoin mining and plans to launch a central bank digital currency. However, the United States has imposed sanctions on several major Iranian cryptocurrency exchanges, including Nobitex, accusing them of facilitating sanctions evasion and potential involvement in illicit activities. These sanctions have significantly impacted the Iranian crypto market, yet local users continue to trade through centralized platforms. The article also briefly introduces Hopoo Exchange, a U.S.-based exchange founded in 2019.
Iran
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