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The United States and Iran stand on the brink of renewed hostilities as the two-week ceasefire approaches its final hours. President Donald Trump has signalled a low probability of extending the truce, warning that “lots of bombs” will follow if negotiations fail. Vice President JD Vance is expected to depart for Islamabad to lead an…
Oil prices spiked on Monday after Iran closed the Strait of Hormuz, reversing a brief reopening of the vital waterway. This escalation follows a US-led blockade of Iranian ports and the seizure of an Iranian vessel by an American destroyer. Tehran now threatens to target any ship attempting to bypass its restrictions. The move casts…
Iran’s Foreign Ministry declared Monday that Washington is not genuinely pursuing a diplomatic resolution to the weeks-long war, accusing the United States of repeated ceasefire violations that have undermined fragile truce efforts. Ministry spokesman Esmaeil Baqaei, speaking at a weekly press briefing in Tehran, said American actions “do not in any way indicate seriousness…
Iran’s central military command reimposed control over the Strait of Hormuz on Saturday, reversing an earlier reopening of the strategic waterway and accusing the United States of breaking a promise to lift its naval blockade of Iranian ports. The announcement, carried on state television, came just hours after the United Kingdom Maritime Trade Operations…
Electric vehicle sales across Southeast Asia have surged as cost-conscious buyers rush to dealerships to avoid fuel price spikes linked to the ongoing Middle East conflict, with Vietnamese manufacturer Vinfast and Chinese brands like BYD recording significant gains. Asian nations have been particularly hard hit due to a sharp fall in the crude shipments…
Escalating violence across the Middle East has forced more than four million people from their homes and crippled the regional healthcare infrastructure. The World Health Organisation (WHO) warned on 9 April that the humanitarian crisis is deepening as medical facilities face deliberate strikes. Iran and Lebanon bear the brunt of the displacement, with 3.2 million…
The fragile two-week ceasefire between Washington and Tehran will not extend to the Lebanese front, according to the Israeli Prime Minister. Benjamin Netanyahu clarified on Wednesday that while Israel supports the American effort to neutralise the Iranian nuclear and missile threat, its own military campaign against Hezbollah continues unabated. This distinction sets Jerusalem at odds…
US President Donald Trump agreed Tuesday to suspend military attacks against Iran for two weeks, pulling back from threats to destroy Iranian “civilization” just hours before his self-imposed deadline expired. The conditional ceasefire, announced via social media, hinges on Tehran’s commitment to reopen the Strait of Hormuz for safe international shipping . “Subject to…
Gold prices slipped on Monday as a resurgent dollar and robust American labour data outweighed the geopolitical risk premium from the Middle East. Spot gold fell 0.4 per cent to $4,658.90 per ounce, retreating from recent highs despite the ongoing maritime blockade in the Persian Gulf. Investors are recalibrating their portfolios as the prospect of…
Oil prices are flirting with a four-year high as OPEC+ struggles to bridge a massive supply chasm. Eight member nations agreed on Sunday to raise production quotas by a modest 206,000 barrels per day for May. The move is largely symbolic. Ongoing hostilities between Israel, the United States, and Iran have effectively choked the Strait…
