TEHRAN: Iran has announced that a temporary transit corridor agreed with Oman in the Strait of Hormuz will be seven miles wide, while stressing that the arrangement does not mean the strategic waterway has been fully reopened. Iranian Deputy Foreign Minister Kazem Gharibabadi said the agreed route would allow commercial vessels to pass through a...
WASHINGTON: US Treasury Secretary Scott Bessent has warned that Washington is entering an “economic D-Day” against Iran, signalling a major escalation in the Trump administration’s campaign to isolate Tehran financially. In a statement, Bessent said the United States was entering the “endgame” of its pressure campaign and would use every available economic tool to cut...
TEHRAN: Iran has warned neighbouring countries against joining the United States’ economic campaign against Tehran, saying nations that cooperate with Washington could be treated as enemies and face retaliation. Mohsen Rezaee, secretary of Iran’s Supreme National Security Council, issued the warning on Saturday, saying Tehran would target the interests of neighbouring states if they participated...
A senior Iranian military commander has claimed that the United States and Israel failed to achieve their objectives against Iran during the ongoing conflict, according to Iranian media. Brigadier General Hassan Zadeh, commander of the Islamic Revolutionary Guard Corps’ (IRGC) Mohammad Rasulullah Corps in Tehran, made the remarks while visiting upgraded air-defence units of the...
Global oil prices fell by more than 1% on Friday as improved crude shipments through key maritime routes eased supply concerns, even as the conflict between the United States and Iran continued to fuel geopolitical uncertainty. Brent crude futures declined by $1.03, or 1.2%, to $88 per barrel, while US West Texas Intermediate (WTI) crude...
Global oil prices climbed to their highest levels in nearly six weeks on Wednesday as escalating tensions in the Middle East raised fresh concerns about potential disruptions to crude supplies. Brent crude futures rose above $92 per barrel, while US West Texas Intermediate (WTI) crude also advanced as investors reacted to heightened geopolitical risks and...
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...
Iran has announced that it will not fulfil its obligations under the Islamabad Memorandum of Understanding (MoU) until the United States fully complies with its own commitments, signalling a further deterioration in the fragile agreement brokered to ease tensions between the two countries. Speaking at a weekly press briefing, Iranian Foreign Ministry spokesperson Esmaeil Baghaei...