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As the Middle East war continues to escalate, tensions are mounting for the South Asian nation of Pakistan. The country is facing an economic crisis as Iran has disrupted fuel shipments through the Strait of Hormuz, its main oil supply route. Pakistan relies on Saudi Arabia and the United Arab Emirates for over 85% of…
Before the US and Israel even launched strikes, Iran had a plan ready, and it didn’t solely rest on conventional firepower. The country has been quietly preparing to turn the Strait of Hormuz, a vital artery for the world’s oil supply, into a strategic lever, according to sources cited by Reuters. Any disruption to the…
The UAE once again bore the brunt of the Middle East crisis as Iran reportedly struck oil storage facilities at the port of Fujairah on Saturday, triggering a massive blaze at the strategic oil terminal, according to reports cited by Türkiye Today.A fire broke out at oil storage facilities in Fujairah following the drone strike….
Hours after claiming that US forces “totally obliterated” Iran’s key oil hub at Kharg Island, US President Donald Trump on Saturday (local time) shared an aerial video showing bombs being dropped on ground targets.Sharing a post on his social media platform Truth Social, Trump released “unclassified” footage of US strikes on Iran. The black-and-white clip,…
Iranian foreign minister Seyed Abbas Araghchi (ANI photo) Iran’s foreign minister Seyed Abbas Araghchi on Sunday sharply criticised the United States over its stance on Russian crude oil, claiming Washington was now “begging” countries, including India, to buy Russian oil after earlier pressuring them to halt such imports.In a post on X, Araghchi said, “The…
US President Donald Trump on Saturday announced that the United States had carried out strikes on Iran’s key oil export hub at Kharg Island. The US president said the operation targeted critical energy infrastructure linked to Iran’s oil trade.Trump said US forces had “obliterated” military facilities on the island, which sits in the Persian Gulf…
President Donald Trump said the United States carried out “the most powerful bombing raid” on Iran’s Kharg Island, claiming that American forces “totally obliterated” military targets there while choosing not to destroy the island’s oil infrastructure.Kharg Island, located in the Persian Gulf, is the primary terminal through which Iran’s oil exports pass, making it a…
US stock indexes traded mixed to lower in choppy dealings on Friday morning as the fallout from the war with Iran kept pressure on oil prices and added to concerns about the global economic outlook.The S&P 500 slipped 0.2 per cent after rising as much as 0.9 per cent earlier in the session. The Dow…
NEW DELHI: Oil on fire is beginning to make flying much more expensive. IndiGo will levy a fuel charge between Rs 425 and Rs 2,300 from Saturday (March 14), on all its domestic and international flights due to “the significant surge in fuel prices following the ongoing geopolitical issues.” IndiGo’s announcement of this cess, which…
File photo: Ukrainian President Zelenskyy (Picture credit: AP) Ukrainian President Volodymyr Zelenskyy on Friday said a US decision to temporarily ease sanctions on Russian oil sales could hand Moscow about $10 billion in extra revenue, warning the move would directly undermine efforts to end the war in Ukraine.“This one concession alone by the United States…
