The escalation in hostilities in the Middle East – a major oil producing region – adds a fresh layer of uncertainty for financial markets at a time of heightened pressure on the global economy from U.S. President Donald Trump’s aggressive and erratic trade policies. Market reaction was swift. U.S. S&P E-mini futures slumped 1.7% and […]
Brent crude futures jumped $6.29, or 9.07%, to $75.65 a barrel by 0315 GMT after hitting an intraday high of $78.50, the highest since January 27. U.S. West Texas Intermediate crude was up $6.43, or 9.45%, at $74.47 a barrel after hitting a high of $77.62, the loftiest since January 21. Friday’s gains were the […]
A fuel enrichment plant in Fordow had also not been affected as of yet, it said. Israeli fighter jets reportedly bombed the nuclear site in the city of Natanz during its blitz early Friday morning, but the IAEA has said there is currently no increase in radiation levels at the site. The agency has said […]
Proliferating conflict zones around the world are becoming an increasing burden on airline operations and profitability, and more of a safety concern. Six commercial aircraft have been shot down unintentionally and three nearly missed since 2001, according to aviation risk consultancy Osprey Flight Solutions. Israel on Friday said it targeted Iran’s nuclear facilities, ballistic missile […]
Piloted by Spain, the resolution, co-sponsored by Pakistan and 47 other states, garnered 149 votes in favour to 12 against, with 19 abstentions. Among those opposing the resolution were the United States and Israel, who were joined, among others, by Argentina, Hungary, and Paraguay. India, Georgia, Ecuador, Romania, and Ethiopia were among the countries that […]
The Trump administration has sought to distance itself from the Israeli operation, which could complicate ongoing efforts to secure a new nuclear agreement with Tehran. “We are not involved in strikes against Iran, and our top priority is protecting American forces in the region,” Rubio said in a statement. “Let me be clear: Iran should […]
In an interview with Fox News, Donald Trump stated that if Iran retaliates, the US. will support Israel in its defense. The president urged that Iran must not be allowed to develop a nuclear bomb and expressed hope that diplomatic talks would soon resume. “We’re hoping Iran will return to the negotiating table,” Donald Trump […]
Iranian media and witnesses reported explosions, including at the country’s main uranium enrichment facility at Natanz, while Israel declared a state of emergency in anticipation of retaliatory missile and drone strikes. Iranian state television reported that Hossein Salami, the chief of the elite Revolutionary Guards corps, had been killed and the unit’s headquarters in Tehran […]
Iranian media and witnesses reported explosions, including at the country’s main uranium enrichment facility at Natanz, while Israel declared a state of emergency in anticipation of retaliatory missile and drone strikes. Iranian state television reported that Hossein Salami, the chief of the elite Revolutionary Guards corps, had been killed and the unit’s headquarters in Tehran […]
The House expressed complete solidarity with the government and people of Iran and extended heartfelt condolences to the families of those martyred in the attack. The resolution, moved by Syed Naveed Qamar, affirmed that Iran has the sovereign right to defend its territorial integrity. “An attack on Iran’s sovereignty and security is unacceptable,” the resolution […]
