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India has reportedly approached the United States to extend its waiver on Russian oil imports as the Strait of Hormuz continues to see disruptions for 75 days now, straining oil supplies across the world. The US had first cleared the arrangement in March and expanded it later, with the current authorisation set to remain valid…
The United Arab Emirates has denied reports that Israeli Prime Minister Benjamin Netanyahu made a secret visit to the country during the recent Israel-US conflict with Iran, rejecting claims that it hosted either the Israeli leader or an Israeli military delegation.In a strongly worded statement, the UAE’s Ministry of Foreign Affairs said reports circulating about…
Iran’s foreign minister Seyed Abbas Araghchi arrives in India The sharp differences within BRICS, which India has blamed for the lack of a consensus on the West Asia situation, became public with Iran accusing the UAE of blocking a joint declaration at the foreign ministers’ meeting that India will host over the next 2 days….
Benjamin Netanyahu (File photo) Benjamin Netanyahu held a “secretly” visited the United Arab Emirates (UAE) and held a meeting with its president during the war with Iran, according to the Israeli premier’s office on Wednesday.“During Operation ‘Lion’s Roar’, Prime Minister Benjamin Netanyahu paid a secret visit to the UAE, where he met with UAE President…
The ongoing US military campaign against Iran has already cost Washington nearly $29 billion, exceeding the Pentagon’s earlier estimate of $25 billion, while experts warn the final financial burden could eventually climb to as much as $1 trillion.Jay Hurst, the Pentagon comptroller, informed a House Appropriations Committee hearing on Tuesday that the updated estimate reflects…
US wholesale inflation accelerated sharply in April, with producer prices recording their biggest annual increase since December 2022 as the 10-week Iran war pushed up energy costs and added pressure on companies to raise prices for consumers, AP reported.The US Labor Department said on Wednesday that its producer price index (PPI), which measures inflation before…
US president Donald Trump said on Tuesday that Americans’ financial struggles would not influence his approach to negotiations aimed at ending the Iran war, insisting that preventing Iran from obtaining a nuclear weapon remains his main priority.Asked by a reporter to what extent Americans’ financial situation was motivating him to pursue a deal, Trump replied,…
Representative image credits: AP Saudi Arabia carried out a series of unpublicised airstrikes on Iran in late March in retaliation for attacks inside the kingdom during the Middle East conflict, according to sources cited by Reuters.The strikes marked the first known case of Saudi Arabia directly conducting military action on Iranian soil, underscoring a major…
Oil prices edged lower on Wednesday after posting gains for three straight sessions, as investors closely monitored the fragile ceasefire linked to the Iran conflict and awaited the outcome of a high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping.As per Reuters, Brent crude futures fell 82 cents, or 0.76%, to $106.95…
US defense secretary Pete Hegseth defended President Donald Trump’s proposed $1.5 trillion military budget before House and Senate lawmakers on Tuesday, as Congress pressed the Pentagon over the rising cost of the Iran war, weapons stockpiles and the administration’s long-term strategy in the conflict.The hearings came as the Trump administration faces growing pressure from the…
