US President Donald Trump has dismissed Iran’s latest response to a US-backed peace proposal as “totally unacceptable,” signalling fresh uncertainty over diplomatic efforts to end the 10-week conflict that has destabilised the Middle East and disrupted global energy markets. Read More: US-Iran tensions persist despite calm around Strait of Hormuz In a post on Truth Social, […]
global oil prices
Iran reviews US peace proposal amid unresolved disputes
Iran said on Wednesday it was reviewing a US proposal aimed at ending the ongoing conflict between the two countries, although several major disputes remain unresolved, including Tehran’s nuclear programme and the reopening of the Strait of Hormuz. Read More: US and Iran ‘closing in on one-page memo to end war’ According to Iran’s ISNA news agency, a […]
UAE raises petrol prices by around 8%, fuel rates climb in May update
The United Arab Emirates (UAE) has announced new fuel prices for May 2026, increasing petrol rates by nearly 8% while keeping diesel prices unchanged, according to an official notification. The revision comes in line with rising global crude oil prices and ongoing volatility in international energy markets. Read More: UAE fuel prices surge sharply in latest […]
Russia says OPEC+ steady after UAE exit
Russia said the OPEC+ group will continue operating despite the UAE’s exit, easing fears of disruption. Deputy Prime Minister Alexander Novak ruled out an oil price war, citing a global supply deficit. The development matters for energy markets, as producers and consumers face ongoing volatility. Speaking to Russian media, Novak stressed that cooperation among major […]
Trump urges Iran to sign nuclear deal
US President Donald Trump has urged Iran to quickly sign a deal, warning that delays could worsen the situation. His remarks come amid stalled diplomatic efforts to end the ongoing conflict and reports of a possible extension of US pressure on Iranian ports. The comments highlight rising tensions between Washington and Tehran. Trump said Iran […]
Pakistan oil bill hits record $800m: PM Shehbaz
Pakistan’s weekly oil import bill has surged to $800 million amid the ongoing Middle East war, Prime Minister Shehbaz Sharif said on Wednesday. The sharp increase follows rising global fuel prices after recent regional conflict. The spike is straining the country’s economy and affecting energy costs nationwide. Speaking at a federal cabinet meeting, the prime […]
Trump unhappy with Iran peace proposal
US President Donald Trump has expressed dissatisfaction with the latest Iranian proposal aimed at ending the ongoing two-month war, according to a US official. The development signals continued deadlock in diplomatic efforts to resolve a conflict that has disrupted global energy supplies and worsened inflation pressures. The disagreement highlights deep divisions between Washington and Tehran […]
Hormuz closure returns amid US blockade
Iran has reversed its decision to reopen the Strait of Hormuz. The move follows continued US naval blockade, raising fresh global energy concerns. The decision affects international shipping, oil markets, and regional stability. Iranian authorities said the reversal came due to ongoing US restrictions on its ports and shipping routes. Officials stated the strategic waterway […]
US expects Iran conflict to end within weeks
DUBAI/WASHINGTON/PARIS — The United States (US) expects its ongoing military operations against Iran to conclude within weeks rather than months, Secretary of State Marco Rubio said on Friday, signalling a potential near-term end to the escalating conflict. Read More: Trump seeks to end Iran conflict within six weeks Speaking after meetings with G7 counterparts in France, Rubio stated […]
Iran launched missile strike on Tel Aviv as conflict intensifies
Tehran/Tel Aviv — Iran launched missile strikes on Tel Aviv, including projectiles carrying cluster warheads, in what it described as retaliation for the killing of senior Iranian official Ali Larijani, according to state media. Read More: Iran missile barrage triggers explosions across Tel Aviv Israeli authorities said the attack killed at least two people overnight, bringing the […]