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Iran Targets Commercial Shipping

Iran intensified pressure on global energy markets Wednesday by targeting commercial shipping in the Strait of Hormuz, while major economies moved to release strategic oil reserves to counter mounting supply fears as the Middle East war entered its second week.  Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had struck two commercial ...

Trump: U.S. has 'Nothing Left to Target' in Iran

Conflicting signals emerged Wednesday over the trajectory of the war between Iran and the U.S.-Israeli alliance, as leaders in Washington, Tehran, and Tel Aviv offered different assessments of how long the conflict could last. U.S. President Donald Trump suggested the campaign could end soon, saying American forces have largely exhausted their ...

Drones Fall Near Dubai Airport, Ships Hit as Iran Presses on With Attacks

Drones fell near Dubai airport, injuring four people, while attacks hit three ships in or near the Strait of Hormuz on Wednesday as Iran kept up its campaign disrupting oil markets and air and maritime traffic. The oil-rich Gulf has borne the brunt of Iran's attacks in response to US-Israeli strikes that sparked the Middle East war, with Tehran ...

Iran Accuses U.S. and Israel of Striking Maritime Ambulance in Strait of Hormuz

Iran accused the United States and Israel on Wednesday of striking a maritime ambulance vessel in the strategic Strait of Hormuz, an allegation that, if confirmed, could further escalate tensions in one of the world’s most critical energy corridors. According to Iran’s Mehr news agency, the vessel was hit by missiles while docked at ...

Cargo Vessels Hit as Iran Threatens to Close Gulf Oil Chokepoint

Three commercial ships took fire in the Gulf on Wednesday as Iran launched strikes against its oil-exporting neighbors, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis. Oil prices have surged and markets have seesawed since the end of last month, when the United States and Israel attacked Iran, ...

Iran Military Says to Hit U.S., Israeli Economic Targets in Region

Iran's military vowed on Wednesday to launch strikes against U.S. and Israeli economic targets in the region, including banks, after overnight attacks reportedly hit an Iranian bank. "The enemy has given us free rein to target economic centers and banks belonging to the United States and the Zionist regime," said the military's central ...

Trump Warns Iran Against Mining the Strait of Hormuz

U.S. President Donald Trump issued a stark warning to Iran on Tuesday against mining the Strait of Hormuz, threatening severe military consequences if Tehran attempts to block the strategic waterway that carries roughly one-fifth of the world’s oil supply. “If for any reason mines were placed, and they are not removed forthwith, the military ...

Pentagon Chief Says U.S. Intensifying Strikes on Iran

U.S. attacks on Iran will hit a new intensity Tuesday, and the war will continue as long as President Donald Trump decides, Pentagon chief Pete Hegseth said. "Today will be yet again our most intense day of strikes inside Iran," Hegseth told a news conference at the Pentagon more than 10 days into the U.S.-Israeli war against the Islamic ...

Israel Prepares for Extended Campaign Against Hezbollah as Iran War Continues

Israeli officials are preparing for a potentially prolonged military campaign against Hezbollah in Lebanon that could continue even after the current war with Iran ends, according to officials and diplomatic sources familiar with internal discussions. The planning reflects a growing view within Israel’s security establishment that the ...

Qatar Says Iran Pressing Attacks on Its Civilian Infrastructure

Iran has pressed its attacks against Qatar's infrastructure, the Gulf state's foreign ministry spokesman said on Tuesday, over a week after Iranian drone strikes forced a halt to Qatari gas production. "The targeting of civilian infrastructure continues... and we rebuke any justification that the Iranians are offering for these attacks," Qatar's ...

Oil Giant Saudi Aramco Says Annual Profits Down 12pct

Saudi Aramco on Tuesday reported a 12.1 percent decline in net income in 2025 as higher supply, U.S. tariffs, and other economic headwinds weighed on revenues. The Middle East war could be disastrous for oil markets, and it is vital to reopen the Strait of Hormuz shipping route, Saudi Aramco's CEO and president Amin H. Nasser said on ...