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Iran on Monday issued sweeping threats to deploy naval mines across the Gulf and strike power infrastructure throughout the Middle East, defying a United States ultimatum to reopen the Strait of Hormuz as the military confrontation with Washington and Israel entered its fourth week. The Islamic Republic showed no sign of backing down ahead…
Japan has commenced the release of its strategic petroleum reserves in response to a coordinated global effort by International Energy Agency member states to stabilize oil markets following price surges triggered by escalating conflict in the Middle East. The Japanese government confirmed the drawdown on Monday through an official notice published in the government…
G7 Ministers to Weigh Emergency Oil Release as Middle East War Triggers Market Chaos Group of Seven finance ministers will convene emergency talks Monday to consider coordinated releases from strategic petroleum reserves in an effort to stabilise global energy markets convulsed by the escalating Middle East conflict, according to a French government source with direct…
