Iran’s leadership has strongly rejected US pressure over a reported naval blockade of its ports, as escalating tensions in the Gulf region pushed global oil prices to their highest level in years. Read More: Trump weighs prolonged Iran blockade as tensions escalate sharply In a statement broadcast on Iranian state television, Supreme Leader Ayatollah Ali Khamenei said […]
global energy crisis
Oil prices surge above $113 amid Iran talks
Global crude oil prices surged sharply as US-Iran negotiations showed no progress, pushing energy markets into volatility. Brent crude crossed $113 per barrel while US West Texas Intermediate traded around $112. The rise reflects growing uncertainty in global diplomatic and energy conditions. Market analysts linked the price surge to stalled talks between Washington and Tehran. […]
South Korea, France boost defense cooperation amid global tensions
South Korea President Lee Jae-myung and France President Emmanuel Macron have pledged to strengthen defense cooperation and jointly address the economic and energy challenges stemming from the ongoing Middle East conflict. Read More: ‘Unrealistic move’: Macron rejects Hormuz force plan – Daily Times During a summit held in Seoul, both leaders emphasised the need for […]
Trump delays Beijing trip as Iran war disrupts diplomacy
President Donald Trump announced that his highly anticipated trip to China to meet President Xi Jinping has been postponed due to the ongoing war with Iran, which continues to complicate U.S. foreign policy and global energy markets. Trump indicated the visit will be rescheduled in roughly five to six weeks, without specifying exact dates. The […]
EU urges US, Israel to end Iran war
European Union foreign policy chief Kaja Kallas urged the United States and Israel to end their war with Iran and said the EU is consulting regional governments to resolve the conflict. Kallas stressed that Europe may help restore freedom of navigation in the Strait of Hormuz, likely through diplomatic channels rather than military action. She […]
China halts fuel exports amid Middle East energy fears
China has instructed its largest oil refiners to suspend exports of diesel and gasoline as concerns grow over potential global energy shortages triggered by the escalating conflict in the Middle East, according to a report by Bloomberg News on Thursday. Read More: Middle East tensions disrupt Pakistan’s meat exports The move comes as tensions in the […]