“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.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasi...
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Repub...
U.S. President Donald Trump has vowed...
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the ground".
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
U.S. President Donald Trump said Iran was not ready to make what he called the "right deal" with Washington as tensions persisted over the war and the Strait of Hormuz.
Azerbaijan and Uzbekistan have elevated bilateral ties with a Treaty on Eternal Friendship signed by Presidents Ilham Aliyev and Shavkat Mirziyoyev in Tashkent on 23 August. The leaders also agreed to expand trade, investment, transport, and regional cooperation.
Syria has called for international action after an Israeli drone strike hit a civilian vehicle near Damascus, warning that continued Israeli attacks could deepen instability and put civilians at greater risk.
Pakistan says it has added 12 sites to its UNESCO World Heritage Tentative List, taking the total from 25 to 37 and widening the country's roster of potential future nominations.
Uzbekistan and Georgia have launched an electronic permit system for international road freight, replacing paper documents in a move aimed at speeding up cross-border transport and cutting bureaucracy.
Kazakhstan accounts for 45% of Central Asia’s road and rail infrastructure investment, with around $32.3 billion committed as the region expands key transport links across Eurasia.
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