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Mideast War: Iran Has Agreed Not to Stock Nuclear Weapon, Trump Says

U.S. President Donald Trump has announced that Iran has agreed not to stockpile nuclear weapons, marking a potential breakthrough in diplomatic negotiations amid the ongoing Middle East war involving Tehran. The announcement came as the three-month-old conflict between the United States and Iran continues, with the war mired in a stalemate under a shaky ceasefire and the Strait of Hormuz largely closed to maritime traffic. The war began in late February following U.S. and Israeli military strikes on Iran, which targeted nuclear installations in both countries. President Trump has stated that the military campaign was initiated to prevent Iran from pursuing nuclear armament. Iran was previously viewed as being in a state of "nuclear weapons latency," meaning it possessed the necessary tools to develop a nuclear bomb but had not yet done so. In May 2025, the International Atomic Energy […]

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Hostilities Flare in Iran War as Oil Jumps with Talks at Stalemate

Gulf hostilities flared anew on Wednesday, with the US military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed, as diplomacy between Washington and Tehran showed little progress. Two Iranian missiles shot at Kuwait fell short or broke apart in flight, while several ballistic missiles aimed at regional targets failed and three missiles heading for Bahrain were intercepted, US Central Command said. Since the conflict began in late February, Iran has repeatedly attacked targets in the Gulf region where US military bases are located. The US military also downed Iranian drones targeting civilian ships in regional waters and US forces in Kuwait, and carried out strikes on Qeshm Island near the Strait of Hormuz following attempted attacks by Iran. According to Iranian state media, the country's Revolutionary Guards Corps (IRGC) attacked the US […]

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Trump plans prolonged blockade of Iran, says report

President Donald Trump has told his aides to prepare for a prolonged United States naval blockade of Iran’s key shipping routes, including the Strait of Hormuz, according to US media reports. The move is part of efforts to intensify economic pressure on Tehran as the war enters its third month and peace efforts remain stalled. Trump has already ordered the US Navy to block ships heading to or from Iranian ports, a step aimed mainly at choking off Iran’s vital oil exports. He has repeatedly said Iran will never be allowed to develop a nuclear weapon and insists any settlement must be on US terms. In meetings with senior advisers, Trump decided that maintaining and even extending the blockade was a less risky option than resuming large scale bombing or withdrawing from the conflict entirely. Analysts say Washington wants to […]

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UAE to exit OPEC after nearly 60 years

The United Arab Emirates has announced it will withdraw from OPEC and the broader OPEC+ next month, ending nearly six decades of membership. Authorities say the move is intended to give the country greater flexibility in managing its oil production, following significant investments aimed at expanding capacity. By operating outside the group’s quota system, the UAE will be able to respond more freely to global energy demand. The decision is widely viewed as a major development for the oil market. Some analysts consider it a significant setback for OPEC, which could lose influence as one of its key and historically compliant members exits. The UAE currently contributes a notable share of the group’s production capacity. Founded in 1960, OPEC was created to coordinate oil output among major exporting countries to stabilise prices and ensure steady revenues. The UAE joined in […]

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