US President Donald Trump has predicted that the war with Iran will end very soon and energy prices will fall rapidly, but he has not provided a timeline or details of a possible agreement with Tehran.
Brent crude slipped towards $105.6 a barrel amid reports of a possible phased US-Iran agreement that could reopen the Strait of Hormuz and ease supply concerns.
Following the success of BRICS, it’s time to consider global supply. The US has been at war with Iran for over six months. Instead of a ceasefire, missile and drone attacks are taking place. On the one hand, the US is targeting Iranian oil tankers, while on the other, Iran, instead of yielding, claims to.
New Delhi: Chinese President Xi Jinping on Saturday took a veiled dig at the United States and President Donald Trump over the ongoing conflict in the Middle East, saying the war is not serving any purpose or the common interests of the international community. Xi made the remarks while addressing the 18th BRICS Summit at.
New Delhi: Crude oil prices traded higher for a fourth straight session on Wednesday and gained around 2 per cent or over $1 as fresh attacks involving Iran, the United States and Saudi Arabia heightened concerns over supply disruptions in the Gulf. Brent crude rose as much as 1.79 per cent or $1.76 to near.
Iran is preparing to announce a new exclusion zone near the Strait of Hormuz after US strikes on three Iranian oil tankers, further escalating tensions.
US Vice President JD Vance says economic, military, diplomatic and covert measures remain on Trump's table as Washington weighs its next steps on Iran.
Currently, two major wars are raging in the world. On one hand, Russia and Ukraine have been at war for four years, while on the other, the United States and Israel are currently attacking Iran. The blockade of the Strait of Hormuz has disrupted the supply of crude oil, natural gas, and fertilizers. No peacemaker.
Tehran: Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Monday that it launched a combined missile and drone attack on US air bases in Jordan, describing the strike as retaliation for the US-Israeli aerial attack on Iran’s Larak Island. According to Iran’s Fars news agency, citing an IRGC statement, Iranian forces targeted “technical and maintenance.
Washington: US forces on Sunday struck two Iranian launchers on Larak Island, marking the first known US strike against Iran since late July, according to US Central Command. US Central Command spokesperson Tim Hawkins said the Iranian Revolutionary Guard Corps (IRGC) forces were observed preparing to launch rockets with sea mines into the Strait of.
