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Oil Prices Climb as Fresh Strikes Target Infrastructure
This is Beirut 17/03 14:05 - Reading : 3 minute(s)
Iran OilPrices Israel USA USIranWar Asia
Oil prices surged Tuesday as Iran launched fresh attacks on crude-producing neighbors, while several countries pushed back against U.S. President Donald Trump's demand to help secure the crucial Strait of Hormuz. Prices rebounded from the previous day's sharp losses, which came after the head of the International Energy Agency said more ...
Oil Jumps, Stocks Drop on Uncertainty Over U.S.-Iran Talks
This is Beirut 26/03 14:55 - Reading : 2 minute(s)
Iran Gulf USA Israel USIranWar Oil
Oil prices jumped and equities slid Thursday as hopes for a peace deal between the U.S. and Iran wavered after Tehran rejected Washington's bid to wind down the nearly four-week war. Markets had been buoyed this week by U.S. President Donald Trump's announcement that strikes targeting Iran's energy infrastructure would be postponed, adding that ...
Facts About Strait of Hormuz War Blockage
This is Beirut 18/03 14:20 - Reading : 2 minute(s)
Gulf Israel Middle East USA Iran Hormuz
Key facts and figures about the blockage of the Strait of Hormuz, a crucial shipping route virtually paralyzed by the Middle East war. Around a fifth of global crude oil and liquefied natural gas pass through the waterway in peacetime. The war erupted on February 28 when the US and Israel began bombing Iran, prompting it to retaliate with ...
Israel Says Killed Iran Intel Chief, Tells Military to Hunt Down Officials
This is Beirut 18/03 15:50 - Reading : 5 minute(s)
Israel said on Wednesday its forces had killed another top Iranian official, Intelligence Minister Esmail Khatib, and said its military was authorised to kill any senior figure of the Islamic republic in its sights. The announcement, the day after Iranian security chief Ali Larijani was confirmed killed in an Israeli strike, is part of a ...
Netanyahu Says Iran 'Decimated,' Tehran Targets Gulf Petro-Facilities
This is Beirut 20/03 01:55 - Reading : 5 minute(s)
Israeli Prime Minister Benjamin Netanyahu said Thursday that Iran is being "decimated" and it is unclear who is in charge, even as the Islamic Republic kept up attacks on Gulf oil and gas targets that have jolted global markets. Nearly three weeks into the Middle East war launched by Israel and the United States, Netanyahu said Tehran ...
More Than 20 Countries 'Express Their Readiness' to Resolve Hormuz Crisis
This is Beirut 21/03 15:30 - Reading : 1 minute(s)
United Arab Emirates Bahrain Gulf Israel Middle East
More than 20 countries on Saturday said they would contribute to efforts ensuring safe passage in the Strait of Hormuz, condemning Iran's closure of the vital waterway. "We condemn in the strongest terms recent attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas installations, and ...
More Than 20 Countries 'Express Their Readiness' to Resolve Hormuz Crisis
This is Beirut 21/03 15:30 - Reading : 1 minute(s)
United Arab Emirates Bahrain Gulf Israel Middle East
More than 20 countries on Saturday said they would contribute to efforts ensuring safe passage in the Strait of Hormuz, condemning Iran's closure of the vital waterway. "We condemn in the strongest terms recent attacks by Iran on unarmed commercial vessels in the Gulf, attacks on civilian infrastructure including oil and gas ...
U.S. Temporarily Lifts Sanctions on Iranian Oil, Two Tankers Load at Kharg Island, Sources Say
This is Beirut 21/03 16:45 - Reading : 2 minute(s)
USA Republicans Tehran White House
The U.S. has lifted sanctions on some Iranian oil for 30 days to ease surging oil prices driven by the U.S.-Israeli war on Iran. The U.S. treasury secretary, Scott Bessent, said the waiver would bring about 140 million barrels of oil to global markets and help relieve pressure on energy supply. In a statement on X, Bessent said “In ...
U.S. Strikes Iran Bases Threatening Blocked Hormuz Oil Route
This is Beirut 21/03 17:25 - Reading : 5 minute(s)
Donald Trump Bahrain Gulf Israel Tehran
The U.S. military declared on Saturday it had damaged an Iranian bunker housing weapons threatening oil and gas shipments in the Strait of Hormuz, as thousands of Iranians marked Eid al-Fitr with prayer. The U.S. statement appeared designed to calm the concerns of energy markets and of Washington's sceptical international allies, more than 20 of ...
Trump Gives Iran 48 Hours to Open Hormuz as Tehran Strikes Israel
This is Beirut 22/03 07:10 - Reading : 5 minute(s)
Donald Trump Israel Tehran Benjamin Netanyahu United Arab Emirates
U.S. President Donald Trump on Saturday gave Iran 48 hours to reopen the Strait of Hormuz to shipping or face the destruction of its energy infrastructure, as Tehran launched its most destructive attack yet on Israel. The ultimatum, made just a day after the U.S. leader said he was considering "winding down" military operations after ...
Iran Awaits Trump Threat to Blow up Power Plants
This is Beirut 23/03 02:50 - Reading : 2 minute(s)
Iran Donald Trump United States
Iran on Monday faces a deadline by President Donald Trump to open up the crucial Strait of Hormuz or face a major US assault on power plants, as Israel warned of weeks more of war. Israel also gave the clearest signs yet it intends a ground campaign into Lebanon, destroying a key bridge as it vows to crush Hezbollah, the Shia Muslim movement ...
Ship Traffic Down 95% in Strait of Hormuz
This is Beirut 23/03 19:30 - Reading : 3 minute(s)
Europe European Union Middle East Tehran United Kingdom
Just a trickle of cargo ships and tankers—most of them Iranian—have made it through the Strait of Hormuz since Iranian forces effectively blocked the crucial trade route in the Middle East war. Here are facts and figures about vessels that have passed through the 167-kilometre (104-mile) long strait since the war broke out with US-Israeli ...
Trump Sends Peace Plan as Iran Opens to 'Non-Hostile' Oil Vessels
This is Beirut 25/03 03:50 - Reading : 5 minute(s)
Donald Trump Benjamin Netanyahu USA Lebanon Bahrain
US President Donald Trump sent a peace plan to Iran as he voiced optimism Tuesday at ending nearly a month of warfare, with Tehran announcing that it will let "non-hostile" oil vessels go through the crucial Strait of Hormuz. The tentative signs of a diplomatic solution came despite new violence, with an Iranian missile causing injuries ...
Temporary Immunity, Ongoing Strikes: Inside the Parallel Tracks of War and Diplomacy in Iran
This is Beirut 25/03 10:15 - Reading : 3 minute(s)
Iran USA Israel Trump USIranWar
Even as the war between Iran, the United States, and Israel intensifies on the ground, reports emerging Wednesday, suggest that Washington and Tel Aviv have granted temporary targeting immunity to two senior Iranian officials, Foreign Minister Abbas Araghchi and Parliament Speaker Mohammad Bagher Ghalibaf, for the duration of the current ...
Cautious Optimism as Oil Prices Decline and Stock Markets Rebound
This is Beirut 25/03 16:15 - Reading : 3 minute(s)
Donald Trump European Union Middle East New York Tehran
Oil prices continued to decline on Wednesday, leading to a rebound in stock markets, as traders appeared willing to believe in the possibility of a peace plan proposed by Donald Trump to Iran. “Market movements are driven by narratives and headlines: today, everything revolves around the prospect of a ceasefire,” summarized Neil ...
Iran Speaker Warns 'Enemies Are Preparing to Occupy' Island
This is Beirut 25/03 20:50 - Reading : 3 minute(s)
Donald Trump Gulf Houthi Israel Middle East
Iran's parliament speaker Mohammad Ghalibaf warned on Wednesday about the possible invasion of an Iranian island with the support of an unnamed regional country. "Based on some intelligence reports, Iran's enemies are preparing to occupy one of the Iranian islands with support from one of the regional states," Ghalibaf wrote in ...
Demon Slayer Surge Powers Sony’s Strong Profit Outlook
This is Beirut 2025-11-11 13:00 - Reading : 2 minute(s)
Nawaf Salam Demon Slayer Tokyo Culture Cinema Art
Shares in Japanese giant Sony jumped more than five percent Tuesday after it hiked full-year profit forecasts thanks to the latest Demon Slayer anime blockbuster. The company also attributed the improved forecasts to higher expected sales of its PlayStation console and a smaller-than-anticipated impact from US tariffs. For the 2025-26 financial ...
Damascus: When Electricity Becomes a Luxury
This is Beirut 2025-11-10 15:45 - Reading : less than a minute
In the suburbs of Damascus, hammering sounds still echo, but anger is rising. The new Syrian government has raised electricity prices up to sixty times, making power nearly unaffordable. Blackouts can last more than twenty hours, forcing many to depend on costly private generators. Street vendor Alaa Moussa says, “No one can pay. There’s no ...
Gold Hits New Record High as Investors Flee Risk, Asia Stocks Slide
This is Beirut 2025-09-03 08:40 - Reading : 1 minute(s)
Donald Trump Banks Market Gold
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. Bullion for immediate delivery hit a fresh record as Asia markets opened, climbing 0.4 percent to hit $3,546.96 an ounce. Prices have risen five percent over the ...
Collectible Cars: Where Culture, Passion and Investment Meet
Christiane Tager 2025-09-30 17:50 - Reading : 3 minute(s)
Lebanon Collectible cars Fédération Internationale des Véhicules Anciens
In a world where traditional investments fluctuate with economic and geopolitical crises, collectible cars seem to hold steady. They do more than captivate enthusiasts; they also attract investors. In the United States and Europe, auction prices are soaring, and museums compete for rare models. What about Lebanon? Between roaring American muscle ...
Lebanon Moves Toward Clean Energy with New Solar Farms
This is Beirut 2025-09-23 18:55 - Reading : 1 minute(s)
Lebanon EDL Middle East CMA CGM Joe Saddi Beqaa North Lebanon Mount Lebanon
Lebanon took a significant step toward its energy transition on Tuesday, as Minister of Energy Joe Saddi signed power purchase agreements with Joe Dakak, managing director of CMA CGM in Lebanon and the Middle East. The contracts authorize Merit Invest, a subsidiary of the French shipping giant, to develop three solar farms with a total capacity of ...
Iran's Carpet Industry Unravelling Under Sanctions
This is Beirut 2025-09-24 09:15 - Reading : 5 minute(s)
United States USA Sanctions Iran Persian carpets
Once a symbol of cultural prestige, Iran's handmade rugs are no longer selling as fast as they once did, as sanctions weigh on an already troubled economy and buyers' tastes change. Commanding more than $2 billion in export revenues in its heyday of the early 1990s, the industry now struggles to scrape together around $40 million, marking a ...
Lebanese Restaurants: A Short, Busy Summer and Rising Prices
Liliane Mokbel 2025-09-24 10:30 - Reading : 2 minute(s)
Although the summer season lasted only forty-five days, from July 15 through the end of August, Lebanese restaurants recorded a dynamic performance. Political and security instability, compounded by broader regional conflict, may have curtailed the season, but the sector’s momentum remained intact. The diaspora, loyal as always, turned out in ...
Isak Scores First Liverpool Goal In League Cup Win, Chelsea Survive Scare
This is Beirut 2025-09-24 12:40 - Reading : 4 minute(s)
Alexander Isak scored his first Liverpool goal to inspire a 2-1 win against Southampton in the League Cup third round, while Chelsea survived a scare to beat third-tier Lincoln on Tuesday. Isak was making his third appearance for Liverpool since his British record £125 million ($169 million) move from Newcastle on transfer deadline day. The ...
Olive Oil 2025: A Harvest That Leaves a Bitter Aftertaste
Christiane Tager 2025-09-24 14:00 - Reading : 3 minute(s)
Lebanon economy olives olive oil
In Lebanon, it’s hard to imagine a meal without a drizzle of olive oil. It flavors the morning man’oushe, enlivens salads, and graces every mezze platter. But this year, this staple of the Lebanese table risks becoming a luxury. The 2025 olive season is exceptionally poor, with serious consequences for both producers and consumers. A ...
China's Alibaba Teams Up with Nvidia on AI Robot Tech
This is Beirut 2025-09-24 14:20 - Reading : 3 minute(s)
Alibaba announced on Wednesday a "milestone collaboration" in AI tech with US chip giant Nvidia that the Chinese company said will accelerate its development of humanoid robots. The news came as Alibaba's shares soared more than nine percent in Hong Kong after chief executive Eddie Wu unveiled plans to further ramp up spending on artificial ...
The Devastating Cost of Hezbollah's Support War
This is Beirut 2025-09-25 11:40 - Reading : 3 minute(s)
Nawaf Salam Ceasefire Hezbollah Lebanese Army
As Israeli strikes continue in Lebanon against Hezbollah targets, the human and material toll grows heavier. The cost of the “war of support” for Hamas, which Hezbollah dragged Lebanon into, is staggering: more than 5,000 dead, hundreds of thousands displaced, and economic losses estimated at over $14 billion. A return to calm remains ...
What Do We Know About Sudan's Shifting Battlefield?
This is Beirut 2025-09-25 14:35 - Reading : 4 minute(s)
Sudan Rapid Support Forces Darfur
The war in Sudan has reached a critical phase that threatens to permanently fracture a country already devastated by displacement, famine, and disease. What began more than two years ago as a power struggle between the regular army and the paramilitary Rapid Support Forces (RSF) has escalated into a brutal fight for territorial control, with the ...
Trade War Redraws the Map: China Shifts Course
Christiane Tager 2025-09-26 11:30 - Reading : 2 minute(s)
Donald Trump Europe United States USA Washington
Since Donald Trump took office, Sino-American trade has sometimes resembled a high-stakes ping-pong match. Containers once destined for US ports now appear to have lost their way. In August 2025, exports to the United States fell 12% in a single month, representing around $5 billion worth of goods no longer crossing the Pacific, at least not ...
Italian Luxury Faces Turmoil as Armani Era Closes
This is Beirut 2025-09-27 13:00 - Reading : 4 minute(s)
Fashion Italy Giorgio Armani Heritage Culture Art
The first Milan Fashion Week without Giorgio Armani marks the end of an era in Italian luxury, at a time when houses across the sector are already in transition. After defending his independence throughout his life, the legendary designer, who died this month aged 91, entrusted his heirs with the task of selling his group. He cited French ...