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The U.S. military attacked Iran on Wednesday (July 8, 2026) after it said Tehran struck three ships in the Strait of Hormuz, part of an American effort that also revoked the Islamic Republic’s ability to openly sell crude oil in the world market. Iran retaliated with strikes targeting Bahrain and Kuwait. The regional crossfire raised…
A satellite image shows a group of small boats near the Strait of Hormuz, on July 6, 2026. | Photo Credit: Reuters Three tankers were struck by projectiles on Tuesday (July 7, 2026) in the Strait of Hormuz, the British military said, in the latest attacks targeting vessels moving through the narrow mouth of the…
Read More “Three tankers hit in latest attacks in Strait of Hormuz: UKMTO” »
Image for representational purposes only. File | Photo Credit: AP Saudi Arabia has set the August Arab Light crude oil official selling price to Asia at $1.50 a barrel below the Oman and Dubai average, its lowest level since June 2020, a pricing document reviewed by Reuters showed. This deep cut comes after spot crude…
Read More “Saudi Arabia cuts August crude oil official selling price to Asia to six-year low” »
Vehicles drive past welcoming billboards featuring Iranian President Masoud Pezeshkian (right) with Pakistan President Asif Ali Zardari (centre) and Shehbaz Sharif alongside an overhead bridge in Islamabad, Pakistan, on June 23, 2026. | Photo Credit: AP/PTI Pakistan’s capital Islamabad is emerging as the leading venue for the next round of technical negotiations between the U.S….
Read More “Next round of U.S.-Iran talks likely to be held at Islamabad: report” »
Pakistan’s Prime Minister Shehbaz Sharif attends a quadrilateral meeting between the U.S., Iran, Pakistan, and Qatar at the Buergenstock Resort Lake Lucerne, near Stansstad, Switzerland. File photo: Nathan Howard/Pool Reuters via AP Pakistan’s Prime Minister Shehbaz Sharif will attend the funeral of the late Iranian supreme leader Ali Khamenei this week, the South Asian nation’s…
Read More “Pakistan PM Shehbaz Sharif to attend Iran supreme leader Ali Khamenei’s funeral” »
Israel renewed its strikes on Lebanon on Sunday (June 28, 2026), Lebanese state media reported, two days after an agreement was signed by the two countries, which a Hezbollah lawmaker warned would lead to “internal conflict”. The strikes come a day after one person was killed in an Israeli strike on the south, according to…
Read More “Israel strikes south Lebanon despite framework agreement to end hostilities” »
The first round of talks between high-ranking U.S. and Iranian officials in Switzerland ended on Monday (June 22, 2026), mediators said, after a tense opening marked by Tehran’s announcement it had again closed the Strait of Hormuz and U.S. President Donald Trump repeating his threats to resume attacks on Iran. A joint statement from mediating…
Read More “U.S. and Iran conclude high-level talks in Switzerland, mediators say” »
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Oil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the West Asia conflict, the International Energy Agency (IEA) said on Wednesday (June 17,…
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FIle photo of Chinese Foreign Ministry spokesperson Lin Jian. | Photo Credit: Reuters China on Monday (June 15, 2026) welcomed the understanding reached between the U.S. and Iran on ending the conflict in West Asia and called for the early opening of the Strait of Hormuz for international shipping. “China hopes that the U.S. and…
Read More “China welcomes West Asia deal, calls for early opening of Strait of Hormuz” »
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s domestic investors rejoiced after Brent crude prices dropped as clarity emerged regarding the US-Iran deal, on 14 June 2026. Nifty and Sensex opened at over 1% from the previous close, at 23,984.85 and 76,725.27 points and sky rocketed to a high 24,011.40 and…
Read More “Investors upbeat as U.S.-Iran set to sign deal on June 19” »