Iran on Saturday announced a partial reopening of its airspace after a seven-week hiatus because of the war, state media reported. The Civil Aviation Organisation said air routes over eastern Iran were reopened at 7 am (0330 GMT), according to the state-owned IRAN newspaper. It said flights at the country's airports would gradually resume, but did not give a timeframe. Iran's airspace had been closed since the US and Israel began striking Iran on Feb. 28. The partial reopening has come more than a week into a ceasefire between Iran and the US.
Iran on Saturday announced a partial reopening of its airspace after a seven-week hiatus because of the war, state media reported. The Civil Aviation Organisation said air routes over eastern Iran were reopened at 7 am (0330 GMT), according to the state-owned IRAN newspaper. It said flights at the country's airports would gradually resume, but did not give a timeframe. Iran's airspace had been closed since the US and Israel began striking Iran on Feb. 28. The partial reopening has come more than a week into a ceasefire between Iran and the US.
Greek and Indian tankers had all made their journeys northeast toward Hormuz from waters off Dubai, filled with crude, before they began turning around on Saturday morning
Spokesman for Iran's National Security Committee, Ebrahim Rezaei stated that vessels would only be allowed to pass through Hormuz in coordination with Iranian authorities
Spokesman for Iran's National Security Committee, Ebrahim Rezaei stated that vessels would only be allowed to pass through Hormuz in coordination with Iranian authorities
American objectives are unmet. They neither have the muscle nor motivation to resume the war. As for Iran, the regime hasn't just survived, it's now led by more radical individuals
Importers explore cargoes from Russia and Norway as Qatar supply disruptions and geopolitical tensions force diversification and raise questions over sanctioned LNG sourcing
The waiver comes despite earlier US reluctance, as war-linked supply disruptions and Strait of Hormuz curbs push oil prices higher and test Western efforts to restrict Russia's revenues
With the elections nearing, domestic political pressure could be weighing on the president to end the hostilities
With the elections nearing, domestic political pressure could be weighing on the president to end the hostilities
Air Canada will suspend service to New York's JFK International airport over the summer as the war in Iran creates jet fuel shortages that have sent prices soaring. Canada's flag carrier said Friday that service from Toronto and Montreal to JFK will cease June 1 and resume Oct 25. Service to the New York metropolitan area's two other airports - LaGuardia and Newark - will continue. Air Canada offers 34 flights a day to those two airports from six Canadian cities. Air Canada says it will reach out to customers who are impacted by the suspension with alternate travel options. "As jet fuel prices have doubled since the start of the Iran conflict and some lower profitability routes and flights are no longer economic, and we are making schedule adjustments accordingly," a spokesman for the Montreal-based carrier said Friday. The average price for a gallon of jet fuel reached $4.32 on Thursday, up from $2.50 the day before the war in Iran broke out, according to Argus Media. Oil prices
Iran's Foreign Ministry spokesperson Esmaeil Baghaei said Tehran would not allow such a move under any circumstances
Iran's Foreign Ministry spokesperson Esmaeil Baghaei said Tehran would not allow such a move under any circumstances
President Joseph Aoun on Friday struck a defiant tone in his first address since a US-brokered ceasefire took hold, saying he wants Lebanon to chart its own course after weeks of war between Israel and Hezbollah. The president said he wants to see Lebanon "flourishing, not committing suicide". He condemned Hezbollah's rocket fire into northern Israel that triggered the latest round of fighting, and criticised Iran's role in arming and backing the group. He framed both as violations of Lebanese sovereignty, and again vowed to disarm non-state groups, including Hezbollah. In a pointed response to Hezbollah's criticism of Lebanon's direct talks with Israel and claims that Beirut lacks leverage, Aoun said the country will make its own decisions and stand by demands shared across Lebanese society, not ones dictated by Iran or its allies. "There will be no concessions to any principle, no infringement of the sovereignty of this country," he said. Aoun also reiterated calls for Israel t
India Friday joined a summit of dozens of countries that was hosted by France and the UK to deliberate securing the Strait of Hormuz for unimpeded shipping. New Delhi attended the summit as an observer. It is learnt that Foreign Secretary Vikram Misri represented India. Misri had participated in a similar meeting through virtual mode that was organised by the UK on April 2. Hours before the summit began, External Affairs Ministry spokesperson Randhir Jaiswal said New Delhi has been invited to participate in it. The summit was held at the Elysee Palace in Paris and chaired by French President Emmanuel Macron and British Prime Minister Keir Starmer. Iran's foreign minister says the Strait of Hormuz is "completely open" to commercial ships for the remainder of the ceasefire It took place shortly after Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz is "completely open" to commercial ships for the remainder of the ceasefire. "In line with the ceasefire in Lebanon, t
India Friday joined a summit of dozens of countries that was hosted by France and the UK to deliberate securing the Strait of Hormuz for unimpeded shipping. New Delhi attended the summit as an observer. It is learnt that Foreign Secretary Vikram Misri represented India. Misri had participated in a similar meeting through virtual mode that was organised by the UK on April 2. Hours before the summit began, External Affairs Ministry spokesperson Randhir Jaiswal said New Delhi has been invited to participate in it. The summit was held at the Elysee Palace in Paris and chaired by French President Emmanuel Macron and British Prime Minister Keir Starmer. Iran's foreign minister says the Strait of Hormuz is "completely open" to commercial ships for the remainder of the ceasefire It took place shortly after Iranian Foreign Minister Abbas Araghchi said the Strait of Hormuz is "completely open" to commercial ships for the remainder of the ceasefire. "In line with the ceasefire in Lebanon, t
US West Texas Intermediate crude futures settled down $10.48, or 11.45 per cent, at $83.85 a barrel, after touching a low of $80.56
US West Texas Intermediate crude futures settled down $10.48, or 11.45 per cent, at $83.85 a barrel, after touching a low of $80.56
After US President Donald Trump and Iran's foreign minister said the Strait of Hormuz was fully open to commercial vessels after almost seven weeks of war, oil prices plunged 10 per cent and the stock market rallied Friday. Motorists, hoping for relief at the pump, wondered how quickly gasoline prices might fall once oil tankers stuck in the Persian Gulf were moving again. A gallon of regular gasoline cost USD 4.08 on average in the US Friday, which was 37 per cent more than before US and Israel attacked Iran but down a few cents from a week ago. But when gas prices spike, they do not typically drop as quickly as the cost of crude. Even if Iran keeps the waterway open in the face of a US blockade of its vessels, it still could take months for fuel prices to return to levels resembling those enjoyed before the war began February 28, energy experts said. The slow speed at which oil tankers travel from ports to refineries, lingering security concerns, traffic in the strait and damage t
After US President Donald Trump and Iran's foreign minister said the Strait of Hormuz was fully open to commercial vessels after almost seven weeks of war, oil prices plunged 10 per cent and the stock market rallied Friday. Motorists, hoping for relief at the pump, wondered how quickly gasoline prices might fall once oil tankers stuck in the Persian Gulf were moving again. A gallon of regular gasoline cost USD 4.08 on average in the US Friday, which was 37 per cent more than before US and Israel attacked Iran but down a few cents from a week ago. But when gas prices spike, they do not typically drop as quickly as the cost of crude. Even if Iran keeps the waterway open in the face of a US blockade of its vessels, it still could take months for fuel prices to return to levels resembling those enjoyed before the war began February 28, energy experts said. The slow speed at which oil tankers travel from ports to refineries, lingering security concerns, traffic in the strait and damage t