President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said…
Global oil prices recorded a sharp decline on Monday after Donald Trump stepped back from threats to bomb Iranian power plants. The development has sparked cautious optimism for the global economy threatened by the rising fuel prices. The sudden shift followed signals of diplomatic engagement between the United States and Iran, prompting markets to quickly…
A missile slammed into a street in central Tel Aviv as Iran kept up its barrages targeting Israel and Gulf Arab states on Tuesday, hours after President Trump said the U.S. was in talks with Tehran to end the war. Iran dismissed the claim of ongoing negotiations as “fakenews is used to manipulate the financial…
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
The attacks by the US and Israel on Iran, which started on 28 February 2026, upended key supply chains, driving oil prices above US$100 a barrel. The spike followed Iran’s closure of the Strait of Hormuz in response to the US and Israeli action. About 20% of the world’s oil supplies are transported through the…
“As previously warned, if the fuel, energy, gas, and economic infrastructures of our country are attacked by the American-Zionist enemy, in addition to a powerful counterattack against the enemy, we will severely strike the origin of that aggression as well,” the military said in a statement published by Tasnim.
The US-Israel strikes on Iran have launched one of the most dramatic conflicts in the Middle East in living memory. Aside from military targets, Iranian forces have attacked commercial shipping and infrastructure in the region. The objective is simple: to disrupt oil exports and weaken its opponents’ economies. While the oil market is perfectly capable…
A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu | Getty Images President Donald Trump’s order to strike Iranian military assets on Kharg Island…
Alireza Enayati says relations with Saudi Arabia are ‘progressing naturally’ and he’s in direct contact with Saudi officials. Listen to this article | 3 mins info Published On 15 Mar 202615 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo Iran’s ambassador to Saudi Arabia denied Tehran is responsible for…
Smoke and flames rise from an energy installation in the Gulf emirate of Fujairah on March 14, 2026. (Photo by AFP via Getty Images) / – | Afp | Getty Images Oil loading operations in the port of Fujairah in the United Arab Emirates have resumed following a drone strike and fire, according to media…
