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US and Iran exchange fresh strikes across Gulf

The conflict between the United States and Iran intensified once again as both sides carried out fresh military operations across the Middle East, despite earlier efforts to ease tensions. Iran announced that it had launched attacks targeting US military facilities in several neighboring Gulf countries, including Jordan, Kuwait and Bahrain. The strikes came as renewed fighting entered its sixth day, placing growing strain on the preliminary agreement that had aimed to reduce hostilities. At the same time, the US military confirmed it had conducted a series of overnight airstrikes on multiple locations across Iran. According to US Central Command (CENTCOM), the operation lasted several hours and focused on weakening Iran's military capabilities and reducing potential threats to international shipping in the Strait of Hormuz. The latest escalation follows comments by US President Donald Trump, who warned that Iran must return […]

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Oil back to pre-war levels as Hormuz traffic rebounds

Oil prices have fallen back to pre-war levels as shipping through the Strait of Hormuz continues to recover. The decline comes as vessel traffic through the key waterway rebounds after weeks of disruption tied to the Iran conflict. Traders are also reacting to signs that diplomatic efforts between Washington and Tehran are helping ease fears of a prolonged supply shock. US Energy Secretary Chris Wright said shipments through the strait are nearing the levels seen before the fighting began. He added that roughly 20 million barrels passed through the strait in the previous 24 hours, suggesting a strong recovery in maritime traffic. At the same time, US officials are trying to reassure Gulf allies worried about Washington’s preliminary deal with Iran. Secretary of State Marco Rubio has been speaking with regional partners to calm concerns over the agreement’s impact on […]

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Trump defends Iran deal, calls critics ‘fools’

US President Donald Trump has angrily defended his controversial deal with Iran to end hostilities and reopen the Strait of Hormuz, lashing out at opponents and branding critics of the agreement as “fools.” The Trump administration this week unveiled a memorandum of understanding with Tehran that provides for an immediate cessation of military hostilities on all fronts, including Lebanon, alongside a roadmap for further negotiations. Under the interim deal, the US is set to lift its naval blockade on ships entering and leaving Iran within 30 days, while the Treasury Department will issue waivers on Iranian oil exports and move toward lifting sanctions and unfreezing Iranian assets in foreign accounts. The agreement also opens the door for up to 300 billion dollars in private investment into Iran’s infrastructure sector, as both sides enter a 60‑day window to finalize talks on […]

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US-Iran Deal May Ease Global Economic Pressure

More than three months after the conflict involving the United States, Israel and Iran began, Washington and Tehran have reached a framework agreement aimed at reducing tensions and laying the groundwork for a longer-term resolution. A key component of the agreement is the planned reopening of the Strait of Hormuz, one of the world's most important maritime trade routes. The waterway normally handles nearly 20% of global oil and liquefied natural gas shipments, making it critical to international energy markets. The disruption of traffic through the strait since late February triggered sharp increases in global energy prices and raised concerns about supply shortages. While the new agreement has been welcomed by markets, shipping activity in the region remains limited, highlighting the challenges involved in restoring normal operations. Industry experts caution that a full recovery will take time. Hundreds of vessels […]

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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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Trump Says Would Like to Meet Iran Leader Khamenei

US President Donald Trump has expressed willingness to meet with Iran's Supreme Leader Ayatollah Ali Khamenei, as diplomatic efforts to end the ongoing conflict between Washington and Tehran show little progress. Secretary of State Marco Rubio said in an interview that Trump is open to meeting anybody, including Iran's supreme leader. "I'm pretty confident in saying that if the Ayatollah said tomorrow he wanted to meet with President Trump, the president would meet him," Rubio told Bloomberg. Rubio emphasized that Trump's willingness to meet is not based on personal agreement with Khamenei, but on the belief that direct dialogue is the way to solve international problems. "Nation states need to interact with one another - I serve under a president that's willing to meet with anybody," the Secretary of State said. The conflict between the US and Iran began more […]

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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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Oil Prices Bounce Higher After New US Strikes on Iran

Oil prices jumped higher after the United States launched fresh self-defense strikes on Iranian targets, shattering earlier hopes for an imminent peace deal and raising fears of further disruption to global energy supplies. Brent crude, the international benchmark, reclaimed nearly all of Monday’s losses, climbing by $1.40 or 1.5 per cent to settle at $97.56 per barrel shortly after the US military action began. US crude (WTI) also rose, recovering part of the sharp selloff that had seen prices drop nearly 7 per cent earlier in the session. The US strikes targeted missile launch sites and a drone control facility near Bandar Abbas in southern Iran, as well as vessels attempting to lay mines close to the Strait of Hormuz. The renewed escalation reignited concerns about the security of the vital waterway, which Iran has effectively blocked since March and […]

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Trump says Xi agrees Iran must open strait, China says war shouldn’t have started

U.S. President Donald Trump says Chinese President Xi Jinping has agreed that Iran must reopen the Strait of Hormuz, but there is still no clear sign that Beijing will directly pressure Tehran to do so. Trump spoke while flying back from Beijing after two days of talks with Xi, where the crisis over Iran and global oil supplies dominated discussions. Iran has effectively shut the vital waterway, which previously carried about one‑fifth of the world’s oil and liquefied natural gas, following joint U.S. and Israeli attacks on February 28. The disruption has triggered the biggest oil supply shock in history and sent energy prices soaring, piling pressure on economies already struggling with slow growth. Trump said both leaders shared the goal of preventing Iran from acquiring a nuclear weapon and of restoring safe passage through the strait. He also revealed […]

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India Faces Pressure From Iran War

As the conflict involving Iran enters its third month with no clear resolution in sight, Indian Prime Minister Narendra Modi has urged citizens to reduce spending and conserve resources amid growing economic pressure linked to rising global energy costs. Speaking during a public event in Hyderabad, Modi encouraged Indians to work from home when possible, limit unnecessary foreign travel, reduce fuel consumption and avoid excessive purchases of gold. The appeal has drawn comparisons to the Covid-19 period, when the government relied on nationwide public participation to manage economic and social challenges. This time, the government’s focus is on protecting India’s foreign exchange reserves and limiting pressure on the national economy as the war in the Middle East disrupts global energy markets. India remains heavily dependent on imported energy, purchasing nearly 90% of its crude oil and about half of its […]

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