Iran is facing a serious economic challenge as its oil exports have reportedly fallen to zero amid renewed military tensions, international sanctions, and growing restrictions on access to foreign currency. According to remarks attributed to Iran’s Central Bank Governor Abdolnaser Hemmati, the country is no longer exporting oil, creating another major pressure point for an […]
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US President Donald Trump has made a striking claim about the future of the Strait of Hormuz, saying he could soon declare the strategically important waterway part of US territory. Speaking at a political rally at a police academy in New York state on Friday, Trump said the move would come after what he described […]
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The focus of the US campaign against Iran appears to be changing. While preventing Iran from developing a nuclear weapon has been repeatedly presented by President Donald Trump as a central reason for the conflict, the immediate priority for Washington now appears to be something much closer to home: bringing down oil and gasoline prices […]
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Tensions around the Red Sea are once again drawing attention after Yemen’s Iran-backed Houthi rebels claimed they carried out a drone strike on an oil facility operated by Saudi Aramco in Jizan, on Saudi Arabia’s Red Sea coast. The claim came on Sunday, shortly after Saudi authorities reported that a fire at the refinery had […]
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Iran has reaffirmed that it has respected the terms of its ceasefire agreement with the United States, pushing back against claims by US President Donald Trump that the truce is effectively over. The latest exchange of sharp statements highlights the growing strain between Washington and Tehran, despite recent efforts to revive diplomatic negotiations and prevent […]
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