News #Iran

The Trump administration issued a new license allowing countries to temporarily purchase certain Russian oil products, the same day Brent crude prices settled above $100 per barrel

Iran’s new supreme leader, Mojtaba Khamenei, said Thursday that the closure of the Strait of Hormuz maritime passage should be continued

Ghana is exploring alternative export routes for its gold shipments amid persistent tensions in the Middle East, which threaten to disrupt flights to the United Arab Emirates, sources reveal.

U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies.

US President Donald Trump on Thursday insisted he should have a role in picking Iran’s next supreme leader after the killing of Ali Khamenei, whose son he said he found unacceptable.

President Donald Trump said on Tuesday he had ordered the US International Development Finance Corporation to provide political risk insurance and financial guarantees for maritime trade travelling the Gulf,

Several airlines across Asia and Europe have cancelled flights and suspended operations following the widespread closure of Middle East airspace.

Oil shipping has largely paused in the Strait of Hormuz that links the oil-rich Persian Gulf to the open seas after the US and Israel bombed Iran

OPEC+ has agreed in principle to a modest oil output increase on Sunday, five Opec+ sources said, after the US-Israeli war on Opec+ member Iran and Tehran's retaliation led to shipment disruptions

Iran is the fourth-largest oil producer in OPEC at just over 3 million barrels per day in January. The Islamic Republic shares a coastline with the Strait of Hormuz

Due to multiple regional airspace closures, Emirates has temporarily suspended all operations to and from Dubai, up until 1500hrs UAE time on Sunday, 1 March.

Airlines rerouted flights following the start of the attacks. A spokesperson for Dubai-based carrier Emirates said it was “adjusting our operations in line with the latest developments.”