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Tag: US-Israel-Iran War

featured Travel

UAE bans travel to Iran, Iraq, Lebanon amid tensions

The United Arab Emirates Ministry of Foreign Affairs on Thursday announced a travel ban preventing Emirati nationals from visiting Iran, Lebanon and Iraq, citing escalating regional tensions linked to the ongoing Middle East conflict. According to AFP, the move comes amid heightened insecurity following a prolonged crisis triggered by a United States and Israeli military […]

Oil and Gas

Oil prices climb as Iran war talks stall again

Oil prices rose Monday as talks to end the Iran war appeared to be at a standstill and the crucial Strait of Hormuz no nearer being reopened. While the White House has said Donald Trump and his team were considering Tehran’s latest proposal to restore traffic through the waterway, CNN and the Wall Street Journal […]

News

Trump cancels Iran peace talks in Pakistan

United States President Donald Trump announced he had cancelled his envoys’ planned trip to Pakistan for peace talks with Iran on Saturday, but said that did not mean an immediate resumption of the US-Israeli war against the Islamic republic. Shortly before the announcement, Iranian Foreign Minister Abbas Araghchi wrapped up his own diplomatic visit to […]

featured Transportation

EU explores alternative gulf energy routes amid US-Iran war

The ongoing Iran conflict and resulting disruption to global energy flows have pushed the European Union to explore alternative energy transport routes in the Middle East, as soaring oil and gas prices strain member states and expose vulnerabilities linked to the Strait of Hormuz. European Commission President Ursula von der Leyen said the bloc is […]

Oil and Gas

Tankers turn back as Hormuz crisis deepens shipping chaos

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with Iranian vessels continuing to test the United States shutdown, tracking data showed Monday. Iran announced on Friday that it would reopen the strategic waterway, but the United States did not reciprocate for vessels going to and […]

Finance

Dollar hits one-week high as US-Iran tensions spike FX fears

The United States dollar climbed to a one-week high against major currencies on Monday as renewed tensions between the United States and Iran dampened hopes for a Middle East peace deal. Reuters reported that this follows developments over the weekend in which the United States seized an Iranian cargo ship, escalating geopolitical uncertainty. The situation […]

World

IMF pledges $50bn aid to Nigeria, others amid US-Iran war

The International Monetary Fund has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this at the unveiling of the Fund’s Global Policy Agenda during the ongoing Spring Meetings […]

featured Opinion

US-Israel-Iran war worsening economic woes of Nigeria, others — G24

The G-24 has expressed deep concern over multiple political crises and conflicts across the world, warning that the escalating war in the Middle East is worsening global economic fragility and undermining growth prospects, particularly for emerging markets and developing countries. Nigeria and many other nations in Africa and across the world are categorised as developing […]

featured Finance

Iran estimates $270bn cost of US-Israel war damages

The Iranian government on Tuesday estimated the cost of the war launched by the United States and Israel since February at $270 billion. AFP reported that Iranian government spokeswoman Fatemeh Mohajerani told the Russian state news agency RIA Novosti that the figure was a preliminary estimate. According to Mohajerani, the first step in arriving at […]

featured Oil and Gas

Iran opens Hormuz Strait after two-week ceasefire deal with US

Iranian Foreign Minister Abbas Araghchi has announced that safe passage through the Strait of Hormuz would be possible for two weeks, coordinated with Iran’s armed forces “and with due consideration of technical limitations.” The development follows U.S. President Donald Trump’s condition that the waterway be reopened as part of a ceasefire, coupled with his warning […]

featured News

Trump announces two-week ceasefire with Iran after Pakistan’s intervention

United States President Donald J. Trump has announced a proposed two-week ceasefire with Iran following diplomatic interventions. In a formal statement, Trump detailed the decision based on direct conversations with Pakistani leaders who urged him to halt planned military action. Trump stated: “Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, […]

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