Alleged covert UAE strikes on Iran raise Gulf war fears According to reports, the UAE carried out covert strikes on Iranian targets during the recent regional conflict, including an attack on the Lavan Island refinery. This action is said to have been in response to missile and drone attacks carried out by Iran on UAE … Read more
Oil Prices Ease After US Pauses Project Freedom in Hormuz Operation Oil prices dropped in early Asian trade on Wednesday. The decline followed US President Donald Trump’s announcement to pause “Project Freedom.” The operation was aimed at guiding ships through the Strait of Hormuz. However, the pause signaled a possible shift in approach toward the … Read more
US Destroys Iranian Fast Boats Following Attack on UAE Fujairah Port Tensions in the Middle East have escalated sharply after the United States attacked fast Iranian boats in the Strait of Hormuz. This action came as Iran launched attacks on targets in the United Arab Emirates, including a key oil port of Fujairah. The incidents … Read more
Iran Warns US Over Hormuz as Trump Plans Ship Rescue Iran warned United States forces not to enter the Strait of Hormuz, escalating tensions in a key oil route. The warning followed remarks by Donald Trump, who said the US would help stranded commercial ships move safely. However, Iranian officials stressed that their armed forces … Read more
UAE to Quit OPEC as Middle East Conflict Pressures Oil Markets The United Arab Emirates has announced it will leave OPEC and the broader OPEC+ alliance from May 1, 2026, marking a major break after nearly six decades in the cartel. The move comes on day 60 of the Iran led war in the Middle … Read more
Russian Superyacht crosses Hormuz amid tight US Naval control A Russian superyacht linked to Russian oligarch Alexey Mordashov crossed the Strait of Hormuz on Saturday, drawing attention amid tight naval monitoring. The 142-meter Nord, valued at more than $500 million, departed from Dubai on Friday afternoon, according to MarineTraffic data. It reached Muscat early on … Read more
Iranian foreign minister heads to Russia: Trump Says Iran Can Call for Talks Iran’s Foreign Minister Abbas Araqchi has travelled to Russia for high-level talks, as diplomatic efforts between Tehran and Washington remain stalled.His visit comes at a time of rising tension with the United States, where President Donald Trump has signalled that Iran can … Read more
US Says No Time Frame on Iran War, as Tehran Rejects Hormuz Reopening The United States and Iran remain locked in a tense standoff, with Washington refusing to set a clear timeline for ending the conflict and Tehran rejecting any immediate reopening of the Strait of Hormuz. President Donald Trump said there is “no time … Read more
US Waives Iran Oil Sanctions to Ease Price Surge The Trump administration has temporarily waived sanctions on certain Iranian oil shipments for 30 days. It happened with the aim to the ease soaring global energy prices that were triggered by the ongoing US-Israeli conflict with Iran. The decision was announced by the Treasury Secretary Scott … Read more
Oil Prices Drop After Trump Warns Iran on Hormuz Global oil prices have dropped sharply on Tuesday. It happened after Donald Trump warned Iran against disrupting the vital shipping route through the Strait of Hormuz. It is a corridor that carries a significant share of the world’s energy supplies. During an early trading in Asia, … Read more