Iran
China-led regional group calls for countering protectionist policies, sanctions
The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. Greg Baker | Afp | Getty Images A China-led 10-state regional group criticized what it called protectionist trade measures on Wednesday, part of an intensifying standoff between Beijing and Western countries over tariffs on Chinese products. The Shanghai Cooperation Organization, a […]
Read More
Harris says Iran is America’s ‘greatest adversary,’ as Mideast War weighs on US priorities
Democratic presidential nominee and U.S. Vice President Kamala Harris walks to board Air Force Two as she departs for New York, at Joint Base Andrews, Maryland, U.S., October 7, 2024. Evelyn Hockstein | Reuters Vice President Kamala Harris said she considers Iran to be America’s “greatest adversary,” in a new interview on the CBS show […]
Read More
Russia is on a ‘sustained mission’ to create mayhem on Europe’s streets, UK spy chief says
MI5 Director General Ken McCallum. Danny Lawson – Pa Images | Pa Images | Getty Images The head of Britain’s domestic spy agency on Tuesday accused Russian military intelligence of being on a “sustained mission” to cause mayhem in Britain and Europe. In a rare public speech from MI5’s counter-terrorism operations center in London, MI5 […]
Read More
S&P’s Dan Yergin warns of ‘dangerous time’ for global economy as Middle East tensions fester
The global economy is entering a “dangerous time” like never before as Middle East tensions remain elevated, said S&P Global’s vice chairman Daniel Yergin. Since the Israel-Hamas conflict began on Oct. 7 of last year, the oil market has experienced minimal disruptions, with prices remaining under pressure as a result of increased U.S. production and […]
Read More
Why oil and gas markets are dreading the risk of supply disruption in the Strait of Hormuz
Basij paramilitary force speed boats are sailing along the Persian Gulf near the Bushehr nuclear power plant during the IRGC marine parade commemorating the Persian Gulf National Day in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images An escalating conflict in the Middle East has thrust the world’s most […]
Read More
Why oil prices haven’t skyrocketed on Middle East supply fears — yet
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images Oil prices have jumped more than $5 a barrel since the […]
Read More
Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
A general view of the Port of Kharg Island Oil Terminal in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu Agency | Getty Images Satellite imagery revealed a number of oil tankers vacating the waters around Iran’s key Kharg Island oil loading terminal, amid fears of an Israeli counterattack on Tehran’s energy infrastructure. “The […]
Read More
Goldman Sachs says crude could spike by $20 on Iran oil shock
The oil tanker ‘Devon’ prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs. U.S. […]
Read More
Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Anadolu | Anadolu | Getty Images Oil markets are being too complacent given the risk of major supply disruptions in the Middle East, […]
Read More
As Netanyahu vows Iran payback, markets watch for dangers of further escalation
Israel’s Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024 Amir Cohen | Reuters Israel’s government has vowed a severe response to Iran’s unprecedented missile barrage into Tel Aviv, leaving the Middle East on edge as fears rise over a possible all-out war between the two long-time foes. On Tuesday […]
Read More