Brent crude futures were up $1.59, or 1.6 per cent, at $100.07 a barrel at 0842 GMT while West Texas Intermediate futures rose $1.51, or 1.7 per cent, to $91.18
Iran's paramilitary Revolutionary Guard opened fire Wednesday on a container ship in the Strait of Hormuz, damaging the ship and further raising the stakes as planned ceasefire talks in Pakistan failed to materialise. The British military's United Kingdom Maritime Trade Operations centre said the attack happened around 7:55 am in the strait and targeted a container ship. The UKMTO said a Guard gunboat did not hail the ship before firing. It said no one was hurt and there was no environmental impact from the attack. Iran did not immediately acknowledge the assault. It comes after the US seized an Iranian container ship after shooting it this past weekend and boarded an oil tanker associated with Iran's oil trade in the Indian Ocean.
Iran's paramilitary Revolutionary Guard opened fire Wednesday on a container ship in the Strait of Hormuz, damaging the ship and further raising the stakes as planned ceasefire talks in Pakistan failed to materialise. The British military's United Kingdom Maritime Trade Operations centre said the attack happened around 7:55 am in the strait and targeted a container ship. The UKMTO said a Guard gunboat did not hail the ship before firing. It said no one was hurt and there was no environmental impact from the attack. Iran did not immediately acknowledge the assault. It comes after the US seized an Iranian container ship after shooting it this past weekend and boarded an oil tanker associated with Iran's oil trade in the Indian Ocean.
Trump claimed that Tehran is 'starving for cash' and is 'losing 500 million dollars a day'
Trump claimed that Tehran is 'starving for cash' and is 'losing 500 million dollars a day'
Iranian hard-liners rallied late Tuesday night as possible talks in Islamabad with the United States broke down, with members of Iran's paramilitary Revolutionary Guard apparently bringing a ballistic missile on a mobile launcher to one event. Footage aired by Iranian state TV showed men carrying Kalashnikov-style assault rifles riding atop a missile that resembled a Qadr ballistic missile in Iran's capital, Tehran. Such Qadr missiles can release individual bomblets known as cluster munitions, which Iran used widely when attacking Israel during the war. Trump offers combative social media post as ceasefire indefinitely extended ----------------------------------------------------------------------------------- Trump offered a combative social media post Tuesday night after indefinitely extending a ceasefire in the Iran war after talks in Islamabad failed to materialise. Writing on his Truth Social website, Trump contended that "Iran doesn't want the Strait of Hormuz closed, they
Iranian hard-liners rallied late Tuesday night as possible talks in Islamabad with the United States broke down, with members of Iran's paramilitary Revolutionary Guard apparently bringing a ballistic missile on a mobile launcher to one event. Footage aired by Iranian state TV showed men carrying Kalashnikov-style assault rifles riding atop a missile that resembled a Qadr ballistic missile in Iran's capital, Tehran. Such Qadr missiles can release individual bomblets known as cluster munitions, which Iran used widely when attacking Israel during the war. Trump offers combative social media post as ceasefire indefinitely extended ----------------------------------------------------------------------------------- Trump offered a combative social media post Tuesday night after indefinitely extending a ceasefire in the Iran war after talks in Islamabad failed to materialise. Writing on his Truth Social website, Trump contended that "Iran doesn't want the Strait of Hormuz closed, they
Washington is demanding that the Baghdad government dismantle Iran-backed Iraqi militias that have been attacking Americans and US sites there recently
Washington is demanding that the Baghdad government dismantle Iran-backed Iraqi militias that have been attacking Americans and US sites there recently
Planners from more than 30 countries will participate in the talks in a two-day conference in north London, which will "advance military plans to reopen the Strait
Iran's ambassador to the United Nations, Amir Saeed Iravani raised 'urgent concern' over the 'deliberate' targeting of Iranian commercial ships
Iran's ambassador to the United Nations, Amir Saeed Iravani raised 'urgent concern' over the 'deliberate' targeting of Iranian commercial ships
The action was announced by the US Department of the Treasury Office of Foreign Assets Control, which said those designated are based in Iran, Turkey, and the United Arab Emirates
The action was announced by the US Department of the Treasury Office of Foreign Assets Control, which said those designated are based in Iran, Turkey, and the United Arab Emirates
US President Donald Trump said Tuesday he is extending the ceasefire with Iran at Pakistan's request while awaiting a "unified proposal" from Tehran, even as the US military maintains its blockade of Iranian ports. The move comes as the White House put on hold Vice President JD Vance's planned trip to Pakistan for a second round of truce talks with Iran, which has balked at further discussions. But Trump warned that the US military will continue its blockade of Iranian ports. Trump made the announcement as ceasefire talks looked increasingly uncertain with a two-week truce set to expire on Wednesday. Both countries had said they were prepared to resume fighting if no deal is reached. Trump said he would "extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other." Iran has yet to decide whether to join the negotiations in Pakistan, a foreign ministry spokesman said earlier Tuesday, and will only take part if Tehran believ
US President Donald Trump said Tuesday he is extending the ceasefire with Iran at Pakistan's request while awaiting a "unified proposal" from Tehran, even as the US military maintains its blockade of Iranian ports. The move comes as the White House put on hold Vice President JD Vance's planned trip to Pakistan for a second round of truce talks with Iran, which has balked at further discussions. But Trump warned that the US military will continue its blockade of Iranian ports. Trump made the announcement as ceasefire talks looked increasingly uncertain with a two-week truce set to expire on Wednesday. Both countries had said they were prepared to resume fighting if no deal is reached. Trump said he would "extend the Ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other." Iran has yet to decide whether to join the negotiations in Pakistan, a foreign ministry spokesman said earlier Tuesday, and will only take part if Tehran believ
The vital energy channel has been largely closed to non-Iranian shipping since war began at the end of February, choking off hundreds of millions of barrels of supply
The standoff threatens to deepen a global energy crunch, with flows through the vital Strait of Hormuz remaining at a virtual standstill
Iran is yet to take a final call on joining the proposed talks in Pakistan, Foreign Ministry spokesperson Esmaeil Baghaei said on Tuesday
Markets see sharp rebound mirroring Covid-era recovery despite geopolitical risks, with strong liquidity and investor buying driving gains across broader indices