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OPEC said consumption would rebound later and raised its demand growth forecast for 2027. File | Photo Credit: Reuters 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…
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A file photo of the Palau-flagged oil tanker MT Settebello, with 24 Indian seafarers on board, attacked by U.S. forces off the coast of Oman, near the Strait of Hormuz, on June 10, 2026. | Photo Credit: ANI Three Indian seafarers onboard the Palau-flagged MT Settebello, initially reported missing after the U.S. military strike on…
Read More “Three missing Indian seafarers onboard MT Settebello confirmed dead: Sonowal” »
The U.S. military said early on Thursday (June 11, 2026) that that it had “completed” its latest round of airstrikes targeting Iran, after President Donald Trump warned that Tehran would “pay the price” for stalled negotiations. The escalating attacks threatened to derail efforts to end the war. The U.S. Central Command issued a statement saying…
Read More “U.S. military strikes ‘multiple targets’ in Iran in second day of renewed fire” »
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” »
“Any vessel traffic through the Strait of Hormuz will be targeted” the Khatam al-Anbiya command said, according to Tasnim news agency. File | Photo Credit: Reuters Iran’s military command said on Thursday (June 11, 2026) it will target any ship transiting the Strait of Hormuz, after it struck two vessels attempting to pass through the…
The escalating attacks threatened to derail efforts to end the war, with Mr. Trump warning that Tehran would “pay the price” for stalled negotiations. | Photo Credit: AP The U.S. military said on Wednesday (June 10, 2026) night that it has begun fresh round of strikes against Iran after President Donald Trump said more were…
Read More “U.S. military says it’s striking ‘multiple targets’ in Iran in latest escalation” »
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…
Iran and Israel said on Monday that hostilities between them had halted, after the two countries exchanged strikes that threatened to reignite the West Asia war. Israeli Prime Minister Benjamin Netanyahu announced that the “fire on that front is contained” hours after Tehran said it had stopped its military action. Tehran launched missiles at Israel…
Oil prices were up more than $2 a barrel on Monday (June 8, 2026) after Israel on Sunday (June 7) launched renewed strikes on Lebanon despite a truce between the two countries, eroding hopes for an end to the wider war and a restart to crude flows through the Strait of Hormuz. U.S. crude futures…
Pakistan Interior Minister visits Tehran for third time in weeks amid U.S.-Iran tensions Pakistan’s Interior Minister Mohsin Naqvi reached Tehran on Saturday (June 6, 2026) to push for peace amidst rising tensions between the U.S. and Iran, according to media reports. It is Mr. Naqvi’s third visit to Iran in recent weeks, as Pakistan leads…
Read More “West Asia war LIVE: U.S. says it destroyed two Iran drones targeting Hormuz shipping” »