Iranian missile strikes are costing the oil industry billions, with the IEA warning of a severe energy crisis, while a TotalEnergies CEO cautions that oil and gas prices could surpass 2022 highs if the Hormuz crisis persists, and oil prices rise as markets assess supply risks after Iran denied US talks.
An Iranian military spokesman reiterated Tehran's 'full control' over the Persian Gulf, Oman’s territorial waters, and the Strait of Hormuz, warning it would maintain control by 'any means' necessary and stating that countries outside the region have no right to interfere.
Military operations by the United States and Israel against Iran are severely disrupting global supply chains, significantly impacting semiconductor manufacturing and causing further AWS service disruptions in Bahrain, raising risks for chip-dependent industries and South Korean chipmakers.
A potential blockade of fertiliser shipments through the Strait of Hormuz and China's fertilizer curbs would severely disrupt the world's food supply, necessitating a humanitarian carve-out for such shipments in any ceasefire negotiations, with the crisis now also impacting perishable goods, threatening worsening food scarcity in the Global South, and specifically rattling Malaysia's vegetable supply.
MANILA, Philippines — Deputy Majority Floor Leader Sen. JV Ejercito urged the government to create an inter-agency task force to prepare for the potential economic and energy impact of the escalating…
The Middle East is experiencing intense military activity with new waves of Iranian missile attacks reported against Israel, drone activity causing AWS disruption in Bahrain, and Iran dismissing Trump's talks of negotiations as 'fake news', following earlier strikes and ongoing Israeli military operations in Lebanon.
North Korean leader Kim Jong Un has declared his country's nuclear status 'irreversible,' intensified hostility towards Seoul with warnings of a 'merciless' response, and unveiled a new five-year plan targeting industry, power, food, and housing upgrades.
The war in Iran and the disruption of the Strait of Hormuz continue to cause significant global energy shortages, leading to hundreds of gas stations in Australia running dry. In response, Australia has temporarily lowered its diesel standards to access fuel imports from markets with lower burning temperatures, including the US, Canada, and Europe.
A Colombian air force plane carrying soldiers crashed during takeoff, resulting in dozens killed and injured, with 66 confirmed deaths among the 114 soldiers and 11-person crew on board.
Belarusian President Aleksandr Lukashenko is scheduled to make his first official visit to North Korea from Wednesday to Thursday, following an invitation from North Korean leader Kim Jong-un.
The UN Security Council is actively discussing a Bahrain-initiated resolution that would allow countries to use 'all necessary means,' including force, to ensure freedom of navigation in the Strait of Hormuz. France has also tabled a rival text for consideration.
PoliticsTimes of Indiaindian-expressndtv+1balkan-web18h ago4 sources
Indian Prime Minister Narendra Modi has affirmed India's independent stance on the Middle East crisis, stating that disruptions in the Strait of Hormuz are 'unacceptable' and the situation is 'worrying', while also addressing citizens' concerns regarding the impact of the US-Israel conflict with Iran during a session in Rajya Sabha.
US President Donald Trump has initiated an international trade war in which American consumers and businesses are bearing most of the immediate costs, and now he has started a war on global energy where people worldwide are paying the price. While Iran is no match for US military might, Tehran has turned its control of the Strait of Hormuz – through which 20 per cent of the world’s crude oil flows – to its advantage.
Nations in conflict with the United States do not need to fight back tariff ...
Autoritățile ruse vând pentru prima dată, după aproape un sfert de secol, aur din rezervele Băncii Centrale pentru a acoperi deficitul bugetar al Federației Ruse, care a depășit 15 trilioane de ruble…
