Page 62 - Us Iran Tensions

Here's why strike on Qatar's Ras Laffan could roil gas markets for years

Missile strikes on Qatar's Ras Laffan LNG hub have hit global gas supply, pushed up prices and may take up to five years to repair, raising fears of a prolonged energy crisis worldwide

Iranian drones hit Kuwait's Mina Al-Ahmadi refinery again, starting fire

Kuwait said Friday its Mina Al-Ahmadi oil refinery again came under attack by Iranian drones, which sparked a fire at several of its units. The refinery had been hit Thursday, sparking fires. Kuwait said firefighters on Friday were trying to control the blazes and there were no immediate injuries from the attack. The Iranian attack came as Kuwait marked Eid al-Fitr, the celebration marking the end of the holy Muslim fasting month of Ramadan. The attack Friday comes as Iran increasingly targets energy sites in Gulf Arab states after Israel on Wednesday bombed Iran's massive South Pars offshore natural gas field in the Persian Gulf.

Iranian drones hit Kuwait's Mina Al-Ahmadi refinery again, starting fire

Kuwait said Friday its Mina Al-Ahmadi oil refinery again came under attack by Iranian drones, which sparked a fire at several of its units. The refinery had been hit Thursday, sparking fires. Kuwait said firefighters on Friday were trying to control the blazes and there were no immediate injuries from the attack. The Iranian attack came as Kuwait marked Eid al-Fitr, the celebration marking the end of the holy Muslim fasting month of Ramadan. The attack Friday comes as Iran increasingly targets energy sites in Gulf Arab states after Israel on Wednesday bombed Iran's massive South Pars offshore natural gas field in the Persian Gulf.

Energy fallout from Iran war signals a wake-up call for renewable energy

The war in Iran is exposing the world's reliance on fragile fossil fuel routes, lending urgency to calls for hastening the shift to renewable energy. Fighting has all but halted oil exports through the Strait of Hormuz, the narrow waterway that carries about a fifth of the world's oil and liquefied natural gas, or LNG. The disruption has jolted energy markets, pushing up prices and straining import-dependent economies. Asia, where most of the oil was headed, has been hit hardest, but the disruptions also are a strain for Europe, where policymakers are looking for ways to cut energy demand, and for Africa, which is bracing for rising fuel costs and inflation. Unlike during previous oil shocks, renewable power is now competitive with fossil fuels in many places. More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the International Renewable Energy Agency. Oil is used in many industries beyond generating electricity,

Energy fallout from Iran war signals a wake-up call for renewable energy

The war in Iran is exposing the world's reliance on fragile fossil fuel routes, lending urgency to calls for hastening the shift to renewable energy. Fighting has all but halted oil exports through the Strait of Hormuz, the narrow waterway that carries about a fifth of the world's oil and liquefied natural gas, or LNG. The disruption has jolted energy markets, pushing up prices and straining import-dependent economies. Asia, where most of the oil was headed, has been hit hardest, but the disruptions also are a strain for Europe, where policymakers are looking for ways to cut energy demand, and for Africa, which is bracing for rising fuel costs and inflation. Unlike during previous oil shocks, renewable power is now competitive with fossil fuels in many places. More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the International Renewable Energy Agency. Oil is used in many industries beyond generating electricity,

Rupee breaches 93/$ for first time, at record low of 93.49 amid free fall

The rupee fell 19 paise to its record intra-day low of 93.08 against the US dollar in early trade on Friday as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict. Elevated global crude oil prices put further pressure on the local unit, while a positive opening at the domestic equity markets cushioned against a sharper fall, according to forex traders. At the interbank foreign exchange, the local unit opened at 92.92 against the greenback before breaching the 93-mark for the first time to trade at 93.08, down 19 paise from its previous close. The rupee slumped 49 paise to close at a record low of 92.89 against the US dollar on Wednesday. Forex markets were closed on Thursday on account of Gudhi Padwa. "The rupee looks vulnerable with the RBI the only one protecting it from further fall by selling dollars. FPIs were sellers on Thursday when Sensex and Nifty fell to a 21-month low," Anil Kumar Bhansali, Head of Treasury and ...

Iran claims 'world's first' strike on US F-35, jet makes emergency landing

CNN report from the incident, citing US defence officials, noted that a US F-35 fighter jet made an emergency landing at a US air base in West Asia after it was struck by Iranian fire

Iran claims 'world's first' strike on US F-35, jet makes emergency landing

CNN report from the incident, citing US defence officials, noted that a US F-35 fighter jet made an emergency landing at a US air base in West Asia after it was struck by Iranian fire

Iran strikes Dubai on Eid, Israel hits Tehran as war jolts energy markets

Israel pounded Tehran with airstrikes Friday as Iranians marked Nowruz, or the Persian New Year, in the midst of a war that has sent shock waves through the global economy and risked drawing Iran's Arab neighbors directly into the conflict. Activists reported hearing strikes around Iran's capital. The attacks came a day after Israel pledged to refrain from more strikes on a key Iranian gas field and Iran intensified attacks on oil and natural gas facilities around the Gulf. Heavy explosions shook Dubai early Friday as air defenses intercepted incoming fire over the city, where people were observing Eid al-Fitr, the end of the holy Muslim fasting month of Ramzan, and mosques made the day's first call to prayers. Iran kept up its wave of attacks launched at Israel that have sent millions of people to shelters, with sirens sounding across a wide swath of the north, from Haifa to the Galilee to the border with Lebanon. It came after an intense day that saw more than a dozen missile ...

Iran strikes Dubai on Eid, Israel hits Tehran as war jolts energy markets

Israel pounded Tehran with airstrikes Friday as Iranians marked Nowruz, or the Persian New Year, in the midst of a war that has sent shock waves through the global economy and risked drawing Iran's Arab neighbors directly into the conflict. Activists reported hearing strikes around Iran's capital. The attacks came a day after Israel pledged to refrain from more strikes on a key Iranian gas field and Iran intensified attacks on oil and natural gas facilities around the Gulf. Heavy explosions shook Dubai early Friday as air defenses intercepted incoming fire over the city, where people were observing Eid al-Fitr, the end of the holy Muslim fasting month of Ramzan, and mosques made the day's first call to prayers. Iran kept up its wave of attacks launched at Israel that have sent millions of people to shelters, with sirens sounding across a wide swath of the north, from Haifa to the Galilee to the border with Lebanon. It came after an intense day that saw more than a dozen missile ...

West Asia war updates: Pentagon seeks $200 bn for Iran war; Brent tops $107

Iran launched missile strikes across the region as the US seeks $200 billion for the war; attacks on energy sites raised supply concerns, while India moved to secure fuel imports and evacuate citizens

Centre eases pet import rules for Indians returning from West Asia

India has eased pet import rules for citizens returning from conflict-hit West Asia, allowing dogs and cats with relaxed documentation and vaccination norms

Trump's reaction to Israeli strike on gas field exposes rift in strategies

President Trump said he complained to Prime Minister Benjamin Netanyahu of Israel about the attack, which sent energy markets reeling; but Israeli officials said the Americans were informed beforehand

Trump's reaction to Israeli strike on gas field exposes rift in strategies

President Trump said he complained to Prime Minister Benjamin Netanyahu of Israel about the attack, which sent energy markets reeling; but Israeli officials said the Americans were informed beforehand

Trump, UAE President discuss regional tensions, security in phone call

Trump condemned the attacks and reaffirmed the US' solidarity with the UAE and the countries of the region

Trump, UAE President discuss regional tensions, security in phone call

Trump condemned the attacks and reaffirmed the US' solidarity with the UAE and the countries of the region

Strikes on Qatar's Ras Laffan LNG plant to reshape the future of gas

The Ras Laffan LNG complex has suffered extensive destruction that will take up to five years to repair

Trump references Pearl Harbor as Iran war exposes strains in US-Japan ties

After Trump's reference to the Pearl Harbor attack, a Japanese foreign ministry official said the subject didn't come up in closed-door talks between the leaders

Iran strike to cost QatarEnergy $20 bn a year, disrupt global LNG supply

The missile strikes on Ras Laffan Industrial City damaged QatarEnergy's Trains 4 and 6, which represent a combined 12.8 million tonnes of annual production capacity

Iran strike to cost QatarEnergy $20 bn a year, disrupt global LNG supply

The missile strikes on Ras Laffan Industrial City damaged QatarEnergy's Trains 4 and 6, which represent a combined 12.8 million tonnes of annual production capacity