Keywords: Iran


Oil surge to $120 revives global push for renewable energy

The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict......

G7 weighs record oil reserve release as war drives crude above $100

Finance ministers from the Group of Seven held an emergency virtual meeting Monday to discuss a coordinated release of strategic oil reserves as global crude prices surged above $100 per barrel amid the escalating conflict involving Iran. The call, scheduled for 08:30 Eastern Time, included International......

Von der Leyen remarks on Iran war spark backlash among EU diplomats

European Commission President Ursula von der Leyen has drawn sharp criticism from several European Union diplomats after remarks about Iran’s leadership during a speech in Brussels intensified internal tensions over the EU’s foreign policy authority. Speaking at the EU’s annual conference......

Iraq extends airspace closure until March 10 amid regional war

Iraq has prolonged the closure of its airspace for another 72 hours as the regional conflict triggered by strikes on Iran continues to disrupt aviation across the Middle East. The Iraqi Civil Aviation Authority confirmed that the country’s skies will remain closed to all arrivals, departures and......

NATO intercepts second missile fired from Iran in Turkish airspace

A second missile launched from Iran was intercepted by defense systems operated by NATO after entering the airspace of Turkey, according to a statement released by the Turkish Ministry of Defense on Monday. The ballistic missile was reportedly neutralized by NATO air and missile defense units deployed......

Israel warns Iran has abandoned restraint in global terror plots

A senior official from Israel’s National Security Council warned that Iran has abandoned restraint in overseas terror operations, shifting from proxy warfare to direct attacks targeting Israelis worldwide as hostilities between Iran and the United States Israel coalition enter a second week. The......

Asian stock markets plunge as oil prices surge past $115

Stock markets across Asia fell sharply on Monday as crude oil prices jumped above $115 per barrel, heightening concerns that escalating tensions between the United States and Iran could damage the global economy. South Korea’s Kospi index dropped more than 8 percent, triggering a circuit breaker......

Kuwait reduces oil production as precaution amid Iran tensions

Kuwait has implemented a precautionary reduction in crude oil production and refining throughput amid ongoing tensions with Iran, the Kuwait Petroleum Corporation (KPC) announced on Saturday. The move follows recent Iranian attacks against Kuwaiti territory and concerns over safe passage of ships through......

Fed signals possible rate hikes as oil shock rattles global markets

Global financial markets ended a turbulent week as surging oil prices and escalating tensions between the United States, Israel and Iran triggered widespread investor anxiety and renewed concerns about inflation. Wall Street closed sharply lower on Friday after a volatile trading session. The Dow Jones......