Global oil giants are heading into a crucial earnings season with the prospect of significantly higher third-quarter profits, driven by disruptions linked to the US-Israeli war on Iran. But as companies prepare to report stronger results, investors are shifting their attention to a bigger question: will the unexpected cash windfall strengthen their finances, or encourage […]
Continue Reading
Prime Minister Datuk Seri Anwar Ibrahim has called on Iran to keep the Strait of Hormuz open and prioritise diplomacy over conflict as tensions continue to rise across West Asia. During a bilateral meeting with Iranian President Masoud Pezeshkian on the sidelines of the 18th BRICS Leaders’ Summit, Anwar expressed concern over the ongoing conflict […]
Continue Reading
The Strait of Hormuz remains at the center of growing tensions in the Middle East, with Iran warning that the strategically important waterway will not fully reopen until the United States ends the war, lifts its blockade and meets commitments Tehran says were previously agreed. At the same time, Iran and Oman are working on […]
Continue Reading
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 […]
Continue Reading
Iran has accused the United States of contributing to environmental damage in the Persian Gulf and Gulf of Oman, following a series of reported oil spills in the region. Iranian Foreign Ministry spokesperson Esmaeil Baqaei said the pollution should be viewed in the wider context of decades of military activity and conflict involving the United […]
Continue Reading
