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GULF OIL DEPENDENCY
The Americas' oil bonanza will outlast the Iran conflictThe Iran war and closure of the Strait of Hormuz are reshaping global oil trade, with producers across the Americas gaining market share fr...
Refinery to the world: Energy expert Anas Alhajji on India's surprising fuel advantageFollowing a critical oil crisis, India has surfaced as a pivotal fuel supplier. Refineries reached peak performance, promoting export expan...
Iran crisis puts Xi-Putin’s anti-US bloc to the test, with PM Narendra Modi in the mixThe Shanghai Cooperation Organization summit convenes amid US economic pressure on Iran. Chinese and Russian presidents will meet with Iran...
What we know about Trump's deal giving US access to vast oil reserves in VenezuelaThe United States and Venezuela have announced a significant oil deal. This agreement grants America a stake in Venezuela's vast oil reserv...
War weighs on Iran's economy as US intensifies sanctionsIranian leaders admit economic hardship from war and sanctions, while vowing to resist US pressure. President Pezeshkian stated foreign tra...
Ecological cost of US-Iran war: Scientists warn ships stranded for months in the Strait of Hormuz could now carry invasive species, posing an ‘immense international biosecurity threat’Ships stranded for months in the Strait of Hormuz now pose a bioinvasion risk. These vessels may carry dense communities of marine organism...
Iran's FM Abbas Araghchi says returning to diplomacy 'isn't impossible' but depends on USIran's foreign minister stated diplomacy is possible if the US abandons coercion and builds trust. He also held productive discussions with...
Military action against Iran not over: US President Donald TrumpUS President Donald Trump indicated military operations targeting Iran might continue. He firmly ruled out immediate talks with Tehran, sta...
Six Months of Conflict: How the Iran war has reshaped global marketsAs global financial markets navigate the aftermath of recent conflicts, the mixed responses are evident. Energy prices have surged sharply,...
'No other option': Gulf expats hunker down between bouts of warForeign workers are largely staying in Gulf countries despite six months of conflict, choosing higher, tax-free salaries over weaker prospe...
Global economy in tug-of-war between oil shock and AI boom: IMF chiefThe global economy is weathering an oil shock better than feared. An investment boom in artificial intelligence is now a growth engine. Dra...
Conflict-hit oil supply crisis deepens as nearly half of global output comes from affected countriesNearly half of the world’s oil supply now comes from countries affected by conflict, highlighting the growing vulnerability of global energ...
Iran digs up ‘tens of billions’ in gas wealth as US energy showdown heats upIran has discovered a major gas field in southern Fars province containing 7.5 trillion cubic feet of gas, with 5.7 trillion cubic feet rec...
Iran vows 'devastating' response as US threatens toughest ever economic hitIran warns of devastating retaliation against new United States sanctions. United States Treasury chief Scott Bessent plans the toughest fi...
Iran says Strait of Hormuz will remain closed until US changes courseIran's Mohsen Rezaei stated the Strait of Hormuz remains closed until US behavior changes. He claimed America relies on economic pressure a...
US military moves 15 million barrels through Hormuz amid standoff with IranOver fifteen million barrels of oil moved through the Strait of Hormuz with US military assistance. Total shipments leaving the region, inc...
US to impose ‘toughest sanctions in history’ on Iran; Scott Bessent bets on 'one-two punch' to cripple Iranian regimeUS Treasury Secretary Scott Bessent said Washington will impose the “toughest sanctions in history” on Iran, with details expected Monday, ...
India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
Trump threatens to 'bomb' Oman if they get in way of Hormuz dealUS President Donald Trump has threatened military action against Oman if it interferes with the US blockade of Iranian ships in the Strait ...
Hormuz ship attacks mount as US vows to cripple Iran economyThe Strait of Hormuz has seen an uptick in ship attacks, causing grave concerns as peace negotiations remain stagnant. Recently, two vessel...