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Oil and gas supplies could take months to return to normal after Iran deal, energy experts say High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced on Sunday (June 14, 2026). It will likely take months…
Former President Barack Obama . File. | Photo Credit: AP Barack Obama said it was unrealistic to expect that any deal between U.S. President Donald Trump and Tehran would mark a “significant improvement” over his own nuclear pact 11 years ago. In interview excerpts released Sunday on ABC News talk show “This Week,” the former…
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U.S. President Donald Trump on Saturday (June 13, 2026) said a deal with Iran is scheduled to be signed on Sunday (June 14, 2026), reopening the Strait of Hormuz to all shipping, and that the U.S. would “go and get” Iran’s highly enriched uranium at a later stage even as Tehran said the talks were…
India is the current Chair of the Indian Ocean Rim Association, which also has Iran, the UAE, Yemen, and Oman as its members. Credit: X/@IORAofficial At the 28th meeting of the Committee of Senior Officials of the Indian Ocean Rim Association (IORA), commencing on Monday (June 15, 2026), all eyes will be on India, which…
Benchmark indices ended sharply higher on Friday (June 12, 2026), with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, in tandem with a rally in global markets and a decline in crude oil prices after U.S. President Donald Trump declared that his country has ended the war with Iran. The…
UN chief Antonio Guterres has condemned the attack on a Palau-flagged tanker off the coast of Oman in which three Indian seafarers have been killed, his spokesperson said. On Wednesday (June 10, 2026), the U.S. struck another Palau-flagged tanker, MT Settebello, killing three out of the 24 Indian sailors on board. “…Notably, the Settebello tanker…
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OPEC on Thursday (June 11, 2026) lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the producer group said in its monthly report, marking the second straight downward revision. The group continues to see a smaller impact on consumption since the Iran war started than other forecasters such as…
Read More “West Asia War LIVE: Trump cancels Iran strikes, touts imminent deal” »
Oil rises $2 as Iran announces closure of Strait of Hormuz following U.S. strikes Oil prices climbed more than $2 a barrel on Thursday (June 11) as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran. Brent futures rose $2.30, or 2.47%, to $95.40 a…
Read More “West Asia war LIVE: Iran Guards say targeted bases in Bahrain and Kuwait” »
U.S. military says ‘completed’ strikes against Iran The U.S. military said late Tuesday that it had “completed” its retaliatory strikes against Iran over the downing of an attack helicopter. U.S. Central Command (CENTCOM), which oversees American forces in West Asia, said on X that it had “completed self-defence strikes against Iran.” “CENTCOM forces struck Iranian…
U.S. Central Command said the strikes would be “a proportional response to unjustified Iranian aggression”. Photo credit:X/CENTCOM The U.S. military said on Tuesday (June 9, 2026) it has begun strikes against Iran following the crash of a U.S. Army Apache helicopter off the coast of Oman that U.S. President Donald Trump blamed on the Islamic…
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