Abbas Araghchi demands clarification on reports Saudi crown prince urged Donald Trump to ‘hit the Iranians hard’
Some Gulf states hosting US forces may be covertly encouraging the slaughter of Iranians, Iran’s foreign minister has claimed in a thinly-veiled attack on Saudi Arabia.
Abbas Araghchi demanded clarification on reports that Mohammed bin Salman was in regular private conversations with Donald Trump, urging the US president “to continue hitting the Iranians hard”.
Continue reading...Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of Hormuz
Countries in Africa, where farmers depend heavily on imported fertiliser and a large share of household income goes on food, are particularly vulnerable to supply chain disruptions caused by the war in the Middle East, experts have said.
The conflict has drastically disrupted trade through the strait of Hormuz, a vital shipping lane not just for oil and gas but also for fertiliser, which is produced in vast quantities in the Gulf.
Continue reading...US president said he did not want to make a deal with Iran yet, while claiming that he might hit Kharg Island again ‘just for fun’
The Trump administration’s communications licensing tsar fired a warning shot over the US broadcasting industry Saturday, threatening to cancel the spectrum permits of broadcasters pushing what he termed “hoaxes and news distortions”.
Federal Communications Commission (FCC) chair Brendan Carr posted on social media that broadcasters running “fake news – have a chance now to correct course before their license renewals come up. The law is clear. Broadcasters must operate in the public interest, and they will lose their licenses if they do not.”
Continue reading...Iran has set ablaze two tankers in Iraqi waters as it increased attacks on oil and transport facilities across the Middle East
Iran escalates attacks on infrastructure and transport across the Gulf
How have you been affected by the latest Middle East events?
An Iranian source is denying the country will allow India-flagged tankers to pass through the vital strait of Hormuz, Reuters is reporting.
The news agency a little earlier quoted an Indian source as saying Iran would in fact allow such tankers to pass through the strait, a key artery for global oil trade.
Continue reading...Iran has set ablaze two tankers in Iraqi waters as it increased attacks on oil and transport facilities across the Middle East
Iran escalates attacks on infrastructure and transport across the Gulf
How have you been affected by the latest Middle East events?
An Iranian source is denying the country will allow India-flagged tankers to pass through the vital strait of Hormuz, Reuters is reporting.
The news agency a little earlier quoted an Indian source as saying Iran would in fact allow such tankers to pass through the strait, a key artery for global oil trade.
Continue reading...Former US secretary of state says oil shock driven by war in Iran highlights dangers of reliance on fossil fuels
Countries must seek energy independence through renewable resources and nuclear energy for their national security, and to avoid the “choke points” of fossil fuel supply, the former US secretary of state John Kerry has warned.
The war in Iran has sent oil prices soaring, as refineries and fields have closed down in several Middle Eastern countries and many tankers are stranded in the strait of Hormuz, with economic impacts beginning to be felt around the world.
Continue reading...Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices
IEA poised to call for largest ever release of stockpiled oil to reduce price
How the Iran conflict could affect energy prices – video explainer
When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the International Energy Agency (IEA) was created, in the hope of limiting future shocks.
Almost half a century on, the IEA’s 32 members have drawn up plans to hit the emergency button, for only the fifth time in its history.
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