The US-Israeli war on Iran has cost companies around the world at least $25bn, with the bill continuing to climb – Business
The US-Israeli war on Iran has already cost companies around the world at least $25 billion — and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. […]
Israel built 2 secret military bases in Iraq for operations against Iran: report
Secret sites were used for air support, refuelling and medical services, according to New York Times investigation Israel built two covert military sites in Iraq’s western desert to support operations against Iran, according to a report Sunday by the New York Times. The newspaper, citing Iraqi and regional officials, said a newly disclosed site was […]
Iran will turn Gulf of Oman into ‘graveyard’ for ships if US doesn’t end blockade: military adviser
‘A naval blockade is an act of war, responding to it is our right,’ says Major General Mohsen Rezaei Black smoke rises at sea near the Strait of Hormuz. PHOTO: ANADOLU AGENCY Iran vowed Sunday to confront the US over its naval blockade, with a top military adviser to the country’s supreme leader warning that […]
UAE reports drone strike at nuclear power plant as Iran war deadlock endures
Drone struck a generator near Barakah Nuclear Plant; no radiation impact or injuries reported A file image of Barakah Nuclear Power Plant. PHOTO: AFP A drone strike caused a fire at a nuclear power plant in the United Arab Emirates, officials in Abu Dhabi said on Sunday, at a time when progress appears to have […]
Iran vows ‘enemy’ weapons shipments cannot cross Strait of Hormuz
Russia shares China’s position on Hormuz, calls for permanent ceasefire to reopen Strait Iranian Vice President Mohammad Reza Aref. PHOTO: ANADOLU AGENCY Iran’s First Vice President Mohammad Reza Aref said on Sunday that Tehran will no longer allow “enemy” military equipment to pass through the Strait of Hormuz. “We had given up our right of […]
Iran conflict reshapes energy markets as US gas demand surges – World
WASHINGTON: The United States is entering a period of structurally higher industrial natural gas demand, with consumption expected to remain at record levels through at least 2027, even as the Iran war intensifies disruptions across global oil markets and tightens energy supplies worldwide. According to the latest Short-Term Energy Outlook (STEO) from the US Energy […]
Rising diesel costs from Iran war strain US school budgets – World
Soaring diesel prices since the onset of the Iran war are draining already tight US school district budgets, making it more expensive to bus students and run generators in a shock officials say they will not be able to afford for long. School districts from Yakima, Washington to Waco, Texas are tapping emergency funding reserves […]
Trump’s geopolitical brinkmanship has hit a wall with Iran – World
During his first year back in office, United States President Donald Trump’s blustery negotiating style won him concessions from countries on issues ranging from tariffs to armed conflict. But with Iran, that same brand of coercive diplomacy, marked by public threats, insults and ultimatums, seems to have hit a wall and may be undermining his […]
Iran FM says Tehran has ‘no trust’ in US despite openness to serious negotiations
Iran’s Foreign Minister Abbas Araghchi attends a press conference at the Iranian embassy in New Delhi, India on May 15, 2026. PHOTO: REUTERS Iranian Foreign Minister Abbas Araghchi on Friday said Iran was attempting to preserve the current ceasefire in order to give diplomacy an opportunity to move forward. Speaking at the BRICS foreign ministers’ […]
Oil rises after Trump says he is losing patience with Iran
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. Photo: Reuters Oil prices gained more than 1% after President Donald Trump said he would not be much more patient with Iran and as concerns persisted over ship attacks and seizures despite Tehran saying about 30 vessels had […]