While US and Iran seem not interested in full-scale war it’s beginning to appear diplomacy will coexist with continued strategic competition
A US serviceman was killed in action in northern Iraq during a controlled detonation of unexploded ordnance from a downed Iranian one-way attack drone on Saturday, the US Central Command (CENTCOM) said on Sunday.
Panicky Iran announces tankers on fire in Strait of Hormuz as Houthis impose Saudi naval blockade
Bab el-Mandeb is a narrow waterway linking the Red Sea to the Gulf of Aden through which Saudi oil exports and a substantial share of global shipping pass. Any serious interference at Bab el-Mandeb, coming after months of disruption in the Strait of Hormuz, would raise the prospect that both of the region’s major oil export routes could be shut simultaneously.
Experts shed light on why oil prices haven’t gone crazy despite five months of US-Iran war
The United States, the world’s largest oil producer, pumped more crude, with production reaching a record 13.93 million barrels per day by April. It also freed crude from its Strategic Petroleum Reserve as part of a record 400 million-barrel release coordinated by the International Energy Agency in March, helping cushion supply disruptions.
How Iran’s war with US and Israel is pushing some 23.4 million Nigerian children into monetary poverty
Children relapsing into malnutrition has become an increasingly common occurrence in the state and across northern Nigeria, according to local health and aid workers, who cite knock-on effects from the Iran war.
Why US-Israel war with Iran is a boon to Iraq: Oil majors say it is ‘fantastic potential from a resource perspective’
Jake Spiering, a Chevron president of corporate business development, told the Chamber event that his company will be investing in a pipeline to avoid the Strait of Hormuz and create another export route out of Iraq. Such a pipeline could transport Iraqi oil to the west coast of Syria which is on the Mediterranean Sea.
US, Iran destroy infrastructure in Middle East as possibilities of war the escalating and sucking in more countries start to show
Washington and Tehran have been testing the limits of escalation since their ceasefire agreement collapsed last week, raising the prospect of a return to all-out war.
Iran responds to strikes with missile and drone attacks on US military bases in Bahrain, Jordan and Kuwait
Iran tightened restrictions on shipping through the Strait of Hormuz on February 28, barring vessels linked to Israel and the United States following their joint strikes on Iranian territory.
Absence of Iran’s Ayatollah Mojtaba Khamenei becomes ideological and political liability for the Islamic Republic
Mojtaba Khamenei’s three brothers are not seen as significant political players in Iran – or likely to become so – though they have all become senior clerics. But Ali Khomeini, a grandson of the founder of Iran’s 1979 revolution, will speak on Mojtaba’s behalf at a mourning ceremony on Friday, a nod to the way such family ties are used to emphasise continuity in the clerical system.
Uncertainty in the Gulf as companies prepare to unveil unequal toll of Iran war on businesses
The fortunes of regional economies, many built around hydrocarbons, largely depend on how reliant they are on the Strait of Hormuz that provides the only sea access to the Gulf. The economy of Saudi Arabia, which also has oil terminals on the Red Sea, will grow 2.1 per cent this year, HSBC forecasts show.
Iran’s Revolutionary Guards Navy hits US military bases, which coincided with burial of slain leader Ali Khamenei
Iranian armed forces launched attacks on US military infrastructure in Gulf States on Thursday following US strikes on Iran’s southern coastal and eastern provinces, further eroding a three-week-old ceasefire. Iranian media later reported multiple explosions across southern Iran, including Bushehr, where one of the country’s nuclear plants is located, along...