Yemen’s Iran-aligned Houthi movement has claimed responsibility for a drone attack on Saudi Aramco’s Jazan refinery, just days after Saudi Arabia signed a new defence pact with Pakistan and Türkiye. The Houthis said on Sunday that they targeted the refinery as part of a wider campaign against Saudi Arabia. Houthi military spokesperson Yahya Saree said...
Global oil prices moved higher as renewed hostilities in the Middle East intensified concerns over potential disruptions to energy supplies and key shipping routes. The latest gains come amid escalating military tensions between the United States and Iran, prompting investors to closely monitor developments in one of the world’s most important oil-producing regions. Brent...
Iran has warned that it could block additional strategic maritime routes if the United States continues to tighten pressure through an expanded naval blockade ordered by US President Donald Trump. The latest warning marks a significant escalation in tensions between Washington and Tehran, raising concerns about global trade and energy security. According to Iranian officials,...
Tensions in the Strait of Hormuz intensified after Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly disabled two commercial vessels attempting to navigate the strategic waterway amid an expanding United States naval blockade on Iranian ports. The latest incident marks another significant escalation in the ongoing confrontation between Tehran and Washington. According to reports, the two...
Japan is considering releasing an additional 20 days’ worth of oil from its strategic reserves as uncertainty persists over the reopening of the Strait of Hormuz, a key global energy route. The move, reported by Kyodo News, could take place as early as May if supply disruptions continue. The country, which relies on the Middle...
The International Atomic Energy Agency (IAEA) Board of Governors has unanimously approved a safeguards agreement with Pakistan for Unit-5 of the Chashma Nuclear Power Plant, the Foreign Office (FO) announced on Wednesday. The approval underscores the international community’s confidence in Pakistan’s commitment to the peaceful use of nuclear energy and adherence to non-proliferation obligations, the...