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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…
President Donald Trump confirmed the United States will maintain a naval blockade of Iranian ports until a permanent peace deal ends the current conflict. The ceasefire, which enabled Iran to reopen the Strait of Hormuz on Friday, faces a critical expiration this Wednesday. Mr. Trump told reporters aboard Air Force One that he might choose…
Global oil prices tumbled on Friday after Iran declared the Strait of Hormuz open to commercial shipping. The cost of Brent crude dropped to $88 a barrel from a peak of $98 earlier in the day. Markets reacted with optimism as the bottleneck for one fifth of the world’s oil supply appeared to loosen. This…
The United States has deployed over 15 warships to the Strait of Hormuz to enforce a counter-blockade, halting maritime traffic in the world’s most critical oil chokepoint. The move follows the collapse of regional peace negotiations and a directive from Washington to secure the waterway against Iranian influence. Two China-linked oil tankers, the Rich Starry…
Global energy markets were upended on Monday as Brent crude prices jumped 8% to top $103 a barrel. The spike follows President Donald Trump’s announcement of a naval blockade targeting Iranian ports. Prices surged past the psychologically critical $100 mark shortly after ceasefire talks in Islamabad collapsed over the weekend. US Central Command confirmed the…
Consumer prices in the United States climbed sharply in March, driven by a historic surge in gasoline costs triggered by the ongoing conflict in the Middle East, according to government data released Wednesday. The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose 3.3 percent year-on-year in March, a…
President Donald Trump has escalated his rhetoric against NATO, declaring the alliance has “failed” during the ongoing war involving Iran. Following a tense, two-hour meeting with Secretary-General Mark Rutte at the White House, the President accused European allies of abandoning the United States in a moment of crisis. The friction stems from the refusal of…
