The U.S. military launched a series of airstrikes against approximately 140 Iranian targets early Sunday, including missile and drone launch sites, in retaliation for an Iranian attack on a container ship in the Strait of Hormuz. According to U.S. Central Command, the strikes aim to degrade Iran’s ability to threaten maritime traffic, even as Iran … Read more
Iran has initiated a series of strikes against military facilities in Bahrain, Kuwait, Jordan, Qatar, and Oman following the third round of U.S. airstrikes on Iranian radar, missile, and drone sites. Tehran claims these actions are a direct response to U.S. military operations along its southern coast. Concurrently, Iran has closed the Strait of Hormuz, … Read more
President Donald Trump has issued instructions for the U.S. to “literally bomb” Iran at levels they’ve never seen before if the country succeeds in assassinating him. The warning follows reports of Iranian plots and a surge in hostilities, including U.S. strikes across Iran and the removal of oil sanction waivers after Iran attacked ships in … Read more
Global oil demand is projected to decline by approximately 1 million barrels per day in 2026, marking the first drop since the 2020 pandemic peak, according to the International Energy Agency (IEA). This downturn stems from rising oil prices and physical supply disruptions caused by conflict between the U.S. and Iran, which hindered crude shipments … Read more
Iranian officials have privately informed Trump administration advisers that recent attacks on commercial vessels in the Strait of Hormuz were the result of an “errant” faction within their ranks, according to senior U.S. officials. While Tehran has expressed a desire to maintain diplomatic negotiations, the White House is demanding a public acknowledgment of the mistake, … Read more
U.S. stock markets closed higher on Friday as investor demand for artificial intelligence-linked equities remained robust, despite broader economic volatility. The S&P 500 rose 0.4% to 7,575.39, marking its fourth winning week in the last five. According to the Associated Press, the rally was fueled by strong performance in the tech sector, notably Nvidia and … Read more
President Donald Trump announced that the United States has agreed to continue negotiations with Iran, despite declaring the June 17 ceasefire “over.” The administration’s decision follows a surge in military activity, with U.S. Central Command reporting strikes against about 170 targets in Iran since Tuesday. While the White House maintains that the ceasefire has effectively … Read more
Renewed hostilities between the United States and Iran have jeopardized a fragile recovery in global energy markets, according to an International Energy Agency (IEA) report. The conflict, centered on disputes over navigation in the Strait of Hormuz, threatens to disrupt the supply of roughly one-fifth of the world’s oil and liquefied natural gas, potentially extending … Read more
Unclaimed airstrikes across southern Iran have intensified regional uncertainty following the conclusion of a U.S. military campaign. According to the Associated Press, these strikes targeted locations in Bushehr, Sistan and Baluchestan, and the cities of Ahvaz and Chabahar, occurring shortly after U.S. Central Command confirmed its own 90-target operation had ended. While the U.S. denies … Read more
President Donald Trump has declared the U.S.–Iran memorandum of understanding and ceasefire “over” following a series of Iranian attacks on commercial shipping in the Strait of Hormuz. The renewed hostilities caused a sharp rise in global oil prices, though the U.S. Energy Information Administration (EIA) forecasts that global crude production and trade flows are likely … Read more