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 ongoing tensions involving the United States, Iran, and Israel are rapidly escalating into what could become the most severe global energy crisis ever recorded, according to the head of the International Energy Agency. Speaking in a recent radio interview, IEA chief Fatih Birol described the situation as unprecedented. He emphasized that the world is […]
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Recent US intelligence reports indicate that Iran is unlikely to ease its chokehold on the Strait of Hormuz anytime soon. According to three sources familiar with the assessments, Tehran’s control over this critical oil passage remains its primary leverage against the United States. The intelligence suggests that Iran may continue to disrupt the strait, keeping […]
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Global oil markets jolted sharply on Thursday after Donald Trump signaled that the United States would continue its military operations against Iran, without offering a clear timeline for when the conflict might end. The uncertainty has intensified fears across financial markets, particularly around prolonged disruptions to global oil supply. Benchmark crude prices reacted immediately. Brent […]
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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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