Iran has announced that it has started earning revenue from newly imposed tolls on ships passing through the Strait of Hormuz, marking a significant development amid rising tensions in the region. According to Hamidreza Hajibabaei, the first batch of toll payments has already been received and deposited into the country’s central bank. The statement, shared […]
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The global aviation industry is bracing for a prolonged jet fuel crisis, even as the critical Strait of Hormuz begins to reopen following weeks of geopolitical tension. According to International Air Transport Association Director General Willie Walsh, the road to recovery will not be immediate. While the reopening of this key oil transit route brings […]
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The head of the US central bank, Jerome Powell, said the economic impact of the recent surge in energy prices appears manageable for now. However, he cautioned that the situation could become more serious if people and businesses begin to expect inflation to stay high for a longer period. Speaking during an event at Harvard […]
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The United States has officially entered the escalating conflict with Iran, launching coordinated military strikes alongside Israel, according to multiple American media reports on Saturday. US officials confirmed that Washington began targeting Iranian positions in what appears to be a joint operation with its long-time ally, Israel. The development marks a significant shift in regional […]
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