European airlines are facing their biggest challenge since the COVID-19 pandemic as the Iran war pushes up jet fuel prices and buffets travel through the Middle East, casting a shadow over the summer holiday season.
Iran could lose up to $435 million in oil exports due to a U.S. naval blockade, though a full institutional collapse remains unlikely, according to a geopolitical researcher.
Profits for worldwide energy company TotalEnergies have risen 41% in three months, as global energy supplies are disrupted after two months of war and oil prices have increased by 3%.
Iran’s Ambassador to the United Nations, Amir-Saeid Iravani, has asserted Tehran’s right to respond after accusing the U.S. of “state-sponsored piracy” following the seizure of two oil tankers.
Efforts to end the Iran conflict were at an impasse on Tuesday with U.S. President Donald Trump unhappy with the latest proposal from Tehran, which he said had informed the U.S. it was in a "state of collapse" and figuring out its leadership situation.
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran that does not deal with its nuclear programme. Washington is insisting that any talks must address Iran’s nuclear activities.
Türkiye is expanding its diplomatic mediation efforts in Iran- U.S. talks amid rising regional tensions, as Ankara continues to position itself as a key facilitator in broader Middle East stability efforts.
We live in an interconnected world where each international and regional crisis has far-reaching consequences. Every region, no matter how peripheral or small, can experience the repercussions of such geopolitical and geoeconomic pressures.
Oil prices extended gains on Monday, rising nearly 2% as peace talks between the U.S. and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
Iran is pursuing a dual-track strategy in the Strait of Hormuz, balancing cooperation with South Korea while increasing military pressure, as tensions disrupt shipping and raise concerns over regional stability.
U.S. President Donald Trump said he was prepared to wait for "the best deal" to end his conflict with Iran and said he was in no rush to reach a peace agreement and wanted it to be "everlasting," while continuing to assert that the U.S. had a clear upper hand in the naval stand-off in the Strait.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
The current standoff between the U.S. and Iran is likely to continue in the near term, with both sides seeking to outlast the other rather than escalate into a wider conflict, according to political analyst Orkhan Nabiyev.
Iran’s Permanent Mission to the United Nations in New York strongly protested against U.S. and Israel targeting multiple civilian infrastructure related to communications and space centre facilities, and also urged regional countries to prevent their territory being used for "military aggression".
The status of a two-week-old ceasefire, due to expire earlier this week, remained unclear. In a sharp turn around hours after threatening renewed violence, President Donald Trump made what appeared to be a unilateral announcement on Tuesday that the U.S. would extend the Iran war ceasefire
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
Iran’s Revolutionary Guards targeted three vessels, seizing two of them for alleged maritime violations and transferring them to Iranian shores, as U.S. President Donald Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal.
U.S. efforts to push Iran into accepting pre-war conditions are intensifying, as tensions continue despite an extended ceasefire between Iran and the U.S.
The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have triggered the largest oil supply disruption ever recorded in terms of daily output losses. However, Reuters calculations show that at least one past crisis had a greater cumulative impact over time.
MMilitary planners from more than 30 countries are holding two-day talks in London from Wednesday to advance plans to reopen the Strait of Hormuz.
The Iranian missions in London and Vienna strongly condemned the remarks by the European Union Foreign Policy Chief Kaja Kallas on the imposition of further sanctions on Tehran as a “highway of hypocrisy,” amid the Israeli-U.S. war on the Islamic Republic.
The European Commission is set to outline new measures to ease pressure on households and businesses as Europe faces a new energy crisis linked to the conflict in Iran.
U.S. President Donald Trump said he would indefinitely extend the ceasefire with Iran to allow for further peace talks, although it was not clear on Wednesday (22 April) if Iran or Israel, the U.S. ally in the two-month war, would agree.
Rising tensions around the Strait of Hormuz are reshaping geopolitical calculations and global shipping, with analysts warning of prolonged disruption even if a ceasefire is reached. Experts say the crisis is driven as much by strategic messaging as by economic risks.
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