“Get ready for oil to be $200 a barrel," a spokesman for the Iranian Army warned the world on Wednesday (11 March), as attacks on ships in the Strait of Hormuz escalated. Meanwhile, 32 countries agreed to the largest ever release of oil reserves in an attempt to reduce prices.
Iranian Army Spokesman, Ebrahim Zolfaqri, warned the world to prepare for oil to climb to $200 a barrel on Wednesday. In words directed at Washington, he added: "The oil price depends on regional security, which you have destabilised."
His remarks came as three ships were reportedly struck in the critical Strait of Hormuz sea passage, including the Thai-flagged Mayuree Naree, which was seen smoking after being struck by an object.
Nations belonging to the International Energy Agency agreed to release 400 million barrels of oil in efforts aimed at bringing down the price of crude oil, which has soared since conflict broke out between Iran, the U.S. and Israel.
The proposed discharge is in excess of the 182 million barrels of oil that IEA nations put onto the market in two stages in 2022, after Russia’s invasion of Ukraine.
Iran’s President Masoud Pezeshian told Iranian news agency ISNA that Mojtaba Khamenei was in good health, despite earlier reports he had been injured during U.S.Israel airstrikes.
Earlier, an unnamed Iranian official told Reuters that the 56-year-old Supreme Leader was ‘lightly injured but continuing to operate’.
During a visit to Azerbaijan on Wednesday, President of the EU Council Antonio Costa said he “condemned in the strongest terms” the recent Iranian attack on Nakhchivan Airport.
Speaking at a press conference with Azerbaijani President Ilham Aliyev, Costa added: “The European Union remains committed to working with all partners through dialogue and diplomacy to de-escalate tensions and protect civilians.”
A player from the Iranian women’s team has decided to go back to Iran, despite being granted a humanitarian visa in Australia.
The player was among five members of the team who sought asylum in Australia, after they were labelled “traitors” by Iranian state media for refusing to sing the Iranian national anthem at the start of a Women’s Asian Cup game last week.
Iran temporarily reopened the Strait of Hormuz on Friday (17 April) following a ceasefire agreement in Lebanon, ra...
Australia and Japan signed contracts on Saturday (18 April) launching their landmark A$10 billion ($7 billion) dea...
Global shipping through the Strait of Hormuz has shown signs of partial recovery after Iran announced it was open to commercial vessels during a li...
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Su...
Syrian President Ahmed al-Sharaa has said his country could provide a “safe corridor” and “alternative route” for regional ...
An average of at least 47 women and girls were killed each day during the war in Gaza, according to new figures released by UN Women.
A remarkable discovery at the ancient ruins of Sanxingdui offers a glimpse into what appears to be otherworldly craftsmanship - an axe believed to have been made using material from a meteorite.
China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality development” across a range of sectors.
Kazakhstan plans to boost trade with Afghanistan from $500 million to $3 billion, backed by infrastructure and transit projects designed to strengthen regional connectivity and improve access to global markets.
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
U.S. President Donald Trump says Israeli and Lebanese leaders have agreed to a 10-day ceasefire that includes Hezbollah, raising cautious hopes of a pause in hostilities after weeks of escalating tensions.
Syrian President Ahmed al-Sharaa has said his country could provide a “safe corridor” and “alternative route” for regional energy shipments, as supply disruptions continue to affect the wider Middle East.
An average of at least 47 women and girls were killed each day during the war in Gaza, according to new figures released by UN Women.
China is seeking to strengthen and upgrade its cooperation with Turkmenistan, focusing on what officials describe as “high-quality development” across a range of sectors.
Kazakhstan plans to boost trade with Afghanistan from $500 million to $3 billion, backed by infrastructure and transit projects designed to strengthen regional connectivity and improve access to global markets.
A low-profile diplomatic visit to Tbilisi may prove more consequential than it first appears, as representatives of France, Germany and Poland meet figures across Georgia’s political spectrum, signalling that Brussels is watching closely ahead of a key EU foreign ministers’ meeting.
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