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The development occurs against the backdrop of sharply rising friction across West Asia following the recent cross-border missile strikes exchanged between Iran and Israel
Brent crude futures rose $3.20 or 3.39 per cent to $96.24 a barrel while US crude futures were up $2.87 or 3.17 per cent at $93.41 per barrel as of 0333 GMT
An imploding economy is causing hopelessness among both pro- and anti-government Iranians. And for those who wished for regime change, the letdown is palpable
Iran launched missiles at Israel on Monday, marking the first Iranian missile attack since the April 8 ceasefire
The Coordinator of Government Activities in the Territories (COGAT) said the move is part of 'necessary security measures'
Negotiations between Washington and Tehran are bogged down over the fate of billions of dollars of frozen Iranian assets and a parallel conflict between Israel and Iran-backed Hezbollah in Lebanon
The Defence Department has increased the counterintelligence threat assessment to its highest level, and Israel is believed to have eavesdropped on American negotiations with Iran
US Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran
Iran fired seven ballistic missiles toward Kuwait and Bahrain hours after Centcom shot down four Iranian one-way attack drones that were launched toward the Strait of Hormuz
Governments around the globe coordinated a historic release of strategic reserves, while Gulf producers rerouted shipments through alternative export routes
An Israeli airstrike on southern Lebanon Saturday killed several members of the Lebanese military, including a senior officer, the Lebanese army said, days after the two sides reached a new ceasefire deal. The airstrike on the road linking the city of Nabatiyeh with the town of Marjayoun occurred in the morning. The army did not give further details or release the names or ranks of the troops killed. Local TV stations reported that two members of the military were killed in the airstrike, including a brigadier general. The latest declared ceasefire came about through US-brokered talks between Israel and Lebanon's government, which accuses Hezbollah of dragging the country into war and had made efforts to disarm it before the latest hostilities. The Lebanese militant group has refused the truce. The war began on March 2 when Hezbollah fired rockets at northern Israel, two days after Israel and the US began their attacks on Iran. Israel has since launched a ground invasion of Lebanon
The UN food agency said millions of people are being pushed into acute hunger by the Iran war, as it warned would happen if the conflict escalated and oil prices remained high. The World Food Program said an analysis in three vulnerable countries found that an additional 2.5 million people in Somalia, 2.3 million in Afghanistan and 1.3 million in Sri Lanka are struggling to meet their basic food needs. In March, WFP predicted that 45 million people could be pushed into food insecurity by the end of June. That would be on top of the 318 million people around the world who are already food insecure. "We remain by that prognosis," WFP's acting Executive Director Carl Skau told UN reporters. "That's mainly because the correlation between the prices of energy and food is so tight in many places, and also that in the poorest countries people are already spending all their money on food, and hence when food prices rise, they eat less." WFP said in its report, circulated late Thursday, tha
The US military said it shot down four Iranian drones that were launched toward the Strait of Hormuz on Friday and then struck some of the Islamic Republic's coastal surveillance radar sites in response, raising the risk to a shaky ceasefire as the Trump administration ramps up pressure on Iran. "The attack drones posed an immediate threat to regional maritime traffic," US Central Command said on social media. The military is enforcing a blockade on Iranian ports in response to Tehran's chokehold on the crucial corridor for global oil and natural gas shipments, which has sent energy prices spiking and posed political problems for President Donald Trump's Republican Party ahead of the midterm congressional elections. US Central Command said it hit the radar sites, including an island in the strait, "to defend against further attacks." It was the latest in back-and-forth attacks that have strained the tenuous ceasefire in the war and efforts to reach a deal to extend that truce. Earl
Without a breakthrough, the continuing standoff suggests that Iran believes it can bear the current level of pressure longer while betting that the political pain may get Trump to concede
The near-term outlook for Brent crude through Q3 2026 is likely to remain range-bound in the $90-115/bbl band, with risks skewed slightly towards a higher floor price for crude oil
The explosion occurred between single-buoy mooring (SBM) 1 and 2 berths due to an alleged drone attack
The UN nuclear watchdog has been unable to inspect nuclear facilities in Iran affected by the war last June according to a confidential report by the UN nuclear watchdog circulated to member states. The International Atomic Energy Agency reported that it "cannot provide any information on the current size, composition or whereabouts of the stockpile of enriched uranium in Iran or whether Iran has suspended all enrichment-related activities." The IAEA warned that it was "unable to discharge its safeguards responsibilities" that it has under the Safeguards Agreement of the Nuclear Non-Proliferation Treaty, adding that it is "indispensable and urgent" for Tehran to implement its obligations under that Treaty. The only nuclear facility inspected in Iran by IAEA inspectors since the last report in February has been the Bushehr nuclear power plant, which was visited on June 1-3. The reactor currently running at Bushehr uses uranium from Russia enriched to 4.5 per cent, a low level needed
Trump, in a post on Truth Social, said that those who voted against him would rather see the country "fail" than give him another victory
Hezbollah on Thursday rejected the latest ceasefire agreement reached between Israel and the Lebanese government, demanding a complete Israeli withdrawal. The announcement came as Israeli strikes killed at least four people, according to local authorities, and a UN peacekeeper was killed in the crossfire. Hezbollah leader Naim Kassem, in a written statement read on TV, said the agreement's demand that Hezbollah fighters leave southern Lebanon under fire would mean "surrender, defeat and achieving the enemy's goals." "What we are concerned about is an end to the aggression, ceasefire and Israel's withdrawal," he said. "We did not make any commitment to any party to stop resisting as long as there is occupation," he added. The ongoing fighting in Lebanon, where Israeli forces have seized large swaths of the south, threatens efforts to end the Iran war and reopen the Strait of Hormuz, a key transit point for oil and gas whose closure has jolted the world economy. Iran has demanded tha
During the ceremony at the Imam Khomeini shrine, the message was recited in the presence of officials and participants gathered for the annual event