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The US president said the situation was "working out very well" and predicted oil prices would fall once the Iran conflict ends, without giving details of his next steps or a timeline
The Indian Embassy in Oman coordinated the rescue of five Indian nationals aboard the crude oil tanker MT Kazimah III after it was struck by a projectile in the Strait of Hormuz
Updated On: Oct 03 2026 | 7:46 AM ISTA total of 19 LNG cargoes were shipped through the key waterway in September, made up of 13 from Qatar and six from the United Arab Emirates, S&P Global Energy said
Updated On: Oct 02 2026 | 10:16 PM ISTThe UNDP warned the next couple of months will be particularly important for governments that have deployed price caps, subsidies and tax rebates as oil near $100-a-barrel
Updated On: Oct 02 2026 | 10:45 AM ISTThe US military is dispatching roughly 9,000 troops aboard a group of ships to the Middle East, a US official said Thursday. The bolstering of the American military presence comes as President Donald Trump warned that new strikes against Iran could be on the horizon. The troop movement, which includes a third aircraft carrier, underscores the rapidly evolving dynamic of Trump's war against Iran as he ponders his next move, with midterm elections in the United States looming large and new signs that the nature of the conflict may be becoming more complex. Trump has threatened that a post-midterm election escalation - despite his initial promises to Americans of a campaign that would last a matter of weeks - remains a viable option. Further complicating matters, Trump told reporters Thursday that early indications suggest that Iran is linked to the FlyDubai co-pilot who stabbed his captain and tried to crash an Israel-bound flight on Wednesday. In an exchange with reporters at the Whi
Iranian officials indicated Wednesday they have received an official US response to Tehran's latest proposal to end the seven-month war, which US President Donald Trump had publicly rejected just days earlier. The officials did not say what the response contained and whether it was a rejection. Iranian Foreign Minister Abbas Araghchi presented the US response to President Masoud Pezeshkian at a Cabinet meeting, government spokesperson Fatemeh Mohajerani told the state-run IRNA news agency. "We will make every effort to bring the agreement to fruition and will firmly stand up for the rights of the Iranian people," Pezeshkian said. "The agreement must now be based on a win-win strategy." The Cabinet meeting followed Araghchi's return to Iran after travelling to New York for last week's UN General Assembly, where officials held indirect talks with US officials and also met with Qatari and Pakistani mediators on the sidelines of the annual gathering of world leaders. Araghchi briefed
Medication prices are soaring in Iran and some treatments have become hard to find, leaving patients and their families scrambling as a US blockade and stepped-up sanctions squeeze the country's pharmaceuticals industry. Some medicines have more than tripled in price, further squeezing Iranians' finances seven months into the country's war with the United States and Israel. Prices for food and other goods have skyrocketed even as unemployment has risen and the currency, which hit a record low this week, has lost half its value. The war has become an economic endurance test. Iran has tried to push world energy prices higher with attacks on the region's oil shipping routes; the United States, in turn, has aimed to wreck Iran's economy by blockading its ports since June and slapping it with increasingly tough sanctions. Iran's pharmaceutical industry is vulnerable because of its reliance on imports. So far there has been little sign of major shortages of medicines at Iran's hospitals,