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The global energy artery is narrowing. Iran’s Revolutionary Guards (IRGC) announced on Friday that they had intercepted and turned back three container ships attempting to transit the Strait of Hormuz. In a statement published on their official Sepah News website, the Guards declared the strategic waterway closed to any vessel travelling to or from ports…
Global energy markets are reeling as the Middle East conflict enters a volatile new phase. Crude oil prices surged by nearly 6% on Thursday, climbing to $108.3 per barrel after Iran dismissed a 15-point US peace proposal. Tehran labelled the plan “unfair” and “skewed” toward American and Israeli interests. The rejection abruptly reversed a brief…
Iran launched a fresh salvo of ballistic missiles at Israel on Tuesday morning, ending a brief lull in the regional conflict. A loud explosion echoed across Jerusalem as the Israeli military worked to intercept multiple waves of incoming fire. State-run Iranian media claimed the projectiles successfully bypassed several layers of the “Iron Dome” and “David’s…
US President Donald Trump has halted threatened strikes on Iranian energy infrastructure, declaring a five-day ceasefire to pursue a “complete and total resolution” of hostilities. The reversal comes less than 24 hours after the President threatened to dismantle Iran’s electricity grid, a move that sent global markets into a tailspin. In a characteristically blunt announcement…
The American dollar surged on Monday as investors abandoned riskier assets following a sharp escalation in the conflict between Israel, the United States, and Iran. Demand for safe-haven assets rose after hopes for a weekend de-escalation evaporated, amid fresh threats of infrastructure strikes. The dollar index climbed 0.29% to 99.83, reversing a brief period of…
Iran’s energy minister, Abbas Aliabadi, has accused the United States and Israel of “terrorist and cyberattacks” that have decimated the country’s vital water and electricity infrastructure. Speaking on Sunday via the ISNA news agency, Aliabadi revealed that dozens of water treatment plants and transmission facilities have been hit, leaving critical supply networks in tatters. These…
A drone attack on the el-Daein Teaching Hospital in East Darfur has killed 64 people, including 13 children and three medical staff. The strike occurred on Friday night as civilians marked the Eid al-Fitr festival, effectively destroying the facility’s top floor and emergency department. World Health Organisation (WHO) chief Tedros Adhanom Ghebreyesus confirmed the death…
United States President Donald Trump has threatened to “obliterate” Iran’s energy infrastructure unless the Strait of Hormuz is reopened within 48 hours. The ultimatum, posted to Truth Social on Saturday, expires at 23:44 GMT on Monday. Trump warned that the US would target Iranian power plants, “starting with the biggest one first,” if the world’s…
The United Nations World Food Programme (WFP) has issued a stark projection: up to 45 million more people could face acute hunger in 2026 if the current conflict in the Middle East continues to deepen. This surge would drive the global population experiencing acute food insecurity from 318 million toward the record highs of 349…
President Donald Trump has threatened to “massively blow up” the South Pars gas field, the world’s largest natural gas reservoir, unless Tehran ceases its strikes on Qatari energy infrastructure. The ultimatum follows extensive damage to Qatar’s Ras Laffan LNG facility on Thursday, which sent global crude oil prices surging by 5%. While Mr Trump claimed…
