News

The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.

Strait of Hormuz issue must be resolved through diplomacy, says German foreign minister  Reuters

Iran War Causing Largest Ever Oil Disruption, I.E.A. Says  The New York Times

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Tankers Hit in the Strait of Hormuz. Why It’s So Hard to Reopen, According to Military Experts  Barron's

Authorities have said most of those who died were found buried in mud.

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How Iran war laid bare the world's reliance on Gulf oil and gas  BBC

TEHRAN, Mar. 12 (MNA) – Ayatollah Seyyed Ahmad Khatami will lead this week’s Friday prayers concurrent with the International Day of Quds, which marks the last Friday of the fasting holy month of Ramadan.

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The company has been hit by the ongoing crisis in the Middle East, with many customers reluctant to fly if they can avoid it

Turkey’s Central Bank Holds Rates as Iran War Threatens Inflation Pickup  WSJ

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Iran 'not in danger of collapse', say US intelligence sources Peter McNamara on Thu, 03/12/2026 - 10:18 After nearly two weeks of constant bombardment and the assassination of its Supreme Leader, Iran's administration remains intact A portrait of Ayatollah Ali Khamenei's son and new Supreme Leader Mojtaba at the funerals of IRGC commanders, March 2026 (Atta Kenare/AFP) Off US intelligence reports suggest that Iran's leadership retains control of the country, several sources familiar with the matter have told Reuters. After two weeks of joint US-Israeli strikes on the country, including one that killed Supreme Leader Ayatollah Ali Khamenei, one source told the news agency that there is "consistent analysis that the regime is not in danger" of collapse and "retains control of the Iranian public". Following a “multitude” of intelligence reports that have reached this conclusion, the most recent coming in the last few days, President Donald Trump’s decision to end the bombardment, which he told CBS on Monday will end “soon, very soon”, could signal a costly failure for the administration. The reports follow comments from Democratic senators, who said following a behind closed doors briefing from President Donald Trump's administration that the US has "no plan" in Iran, and that earlier CIA assessments had concluded that if Iran's leaders were taken out, an "even more radical group" would emerge. Trump's intervention, which has so far left at least seven American troops dead and 140 others injured, has provoked a backlash among parts of his supporter base. (adsbygoogle = window.adsbygoogle || []).push({}); With oil prices surging as Iran controls the Strait of Hormuz, through which 20 percent of the world's oil is shipped, a failure to topple the Iranian administration will likely pile more pressure on the White House. The senators briefed by US officials said that "regime change" was not one of the war's goals. US has ‘no plan’ for Iran war and Strait of Hormuz, senators say after briefing Read More » A separate Reuters report found that Israeli officials did not believe it was certain there would be an uprising from the Iranian public nor the collapse of the government, which recently appointed a new supreme leader, Mojtaba Khamenei, the son of the previous supreme leader. While another source insisted that Israel has no intention of allowing any form of the Iranian government to survive, they did suggest it would require forces on the ground in order to successfully topple the regime, which the US has not ruled out doing. The Trump administration has given multiple reasons for initiating Operation Epic Fury, as the military bombardment has been dubbed, including as an act of self-defence against Iran’s nuclear ambitions as well as a chance to liberate the Iranian people.  Now, though, amid warnings from Iran that oil prices could climb far higher, the biggest US military operation since 2003 might well end unsuccessfully, with intelligence reports indicating that the Islamic Revolutionary Guard Corps (IRGC) and Iran's interim leaders retain control of the country. The US government has also put forward mixed messages on how it intends to proceed. A day before Trump promised the war would end soon, Secretary of Defence Pete Hegseth told CBS, "This is only just the beginning."  War on Iran News Post Date Override 0 Update Date Mon, 05/04/2020 - 21:19 Update Date Override 0

As oil prices surge, some economies benefit while others face rising costs.

Irth Capital offers $47 per share for Papa John's International, sources have told Reuters news agency.

San Diego Veterans for Peace place sign outside of California base urging Armed Forces not to bow to orders they believe to be illegal