United States

U.S. Warns Banks Over Sanctions Risks Linked to Chinese 'Teapot' Refineries

The United States has issued a fresh warning to global financial institutions over the risks of engaging with independent Chinese oil refineries—known as “teapot” refineries—amid their continued role in processing Iranian crude. In an alert published Tuesday, the Office of Foreign Assets Control (OFAC) said these refineries, largely ...

UAE to Exit OPEC Amid Surging Oil Prices

The United Arab Emirates will withdraw from OPEC and the OPEC+ on May 1, state media reported Tuesday, describing the move as a strategic decision by the major oil producer. "This decision reflects the UAE's long-term strategic and economic vision and evolving energy profile," the official Emirates News Agency said.  The United Arab Emirates ...

Iraqi President Nominates Ali al-Zaidi as PM-Designate

Iraq's newly elected president nominated businessman Ali al-Zaidi as the country's prime minister-designate on Monday, after he was endorsed by the country's main Shia alliance. "President Nizar Amede has tasked Ali al-Zaidi, the candidate of the largest parliamentary bloc, with forming the new government," the presidency ...

Russia Tells Iran Will Do 'Everything' to Restore Peace in Middle East

Russian President Vladimir Putin said on Monday that Russia would do “everything” to help restore peace in the Middle East, during a meeting with Iranian Foreign Minister Abbas Araghchi in Saint Petersburg. “For our part, we will do everything that serves your interests, and the interests of all the peoples of the region, so that peace can ...

Arrival of Third U.S. Carrier Marks First Triple Deployment in Middle East Since 2003

For the first time since the 2003 Iraq War, the United States has deployed three aircraft carrier strike groups simultaneously to the Middle East, marking a major escalation in its military posture in the region, according to the United States Central Command. The latest deployment follows the arrival of the USS George H. W. Bush strike group, ...

Oil Rises Over 1% as U.S.–Iran Talks Stall

Oil prices rose more than 1% on Monday as stalled U.S.-Iran talks and ongoing disruptions to shipping through the Strait of Hormuz tightened global supply, according to Reuters. Last week, Brent and West Texas Intermediate gained nearly 17% and 13%. This marked ​the biggest weekly gains since the start of the war. Tensions in the Gulf have ...

Iran Executes Man Over Membership of Jihadist Group, Armed Rebellion

Iran on Sunday executed a man convicted of membership in the Sunni militant group Jaish al-Adl and involvement in attacks on security forces in the southeast, the judiciary said. Amer Ramesh was arrested during a counterterrorism operation in the Pirsahrab area of Chabahar county in Sistan-Baluchestan province, the judiciary's Mizan Online ...

Hezbollah-Linked Suspect Extradited to Panama in Long-Running Terror Investigation

The U.S. Embassy in Panama announced a major breakthrough in the decades-long investigation into the 1994 bombing of Alas Chiricanas Flight 901, stating that suspected Hezbollah-linked operative Ali Zaki Hage Jalil has been extradited to Panama to face trial. The announcement described the move as the result of coordinated efforts between the ...

U.S. Weighs New Military Plan in Strait of Hormuz

Senior U.S. military officials are developing new operational plans targeting Iran’s strategic capabilities in and around the Strait of Hormuz, according to multiple sources familiar with the matter who spoke to CNN. The proposed options focus on a more aggressive and geographically concentrated military approach, particularly emphasizing ...

Trump Orders U.S. Navy to Destroy Vessels Laying Mines in Hormuz

President Donald Trump on Thursday vowed the United States would destroy any vessel laying mines in the Strait of Hormuz, as he ratchets up pressure on Iran to reopen the crucial sea passage. "I have ordered the United States Navy to shoot and kill any boat, small boats though they may be... that is putting mines in the waters of the Strait ...