Middle East

Foreign Minister Araghchi declares Iran's political system resilient following targeted killings of senior officials, while directly blaming Washington for regional escalation.

Iran's effective blockade of the Strait of Hormuz following US-Israeli strikes has triggered a 40% spike in crude prices, forcing central banks to raise rates and threatening fuel supply chains across Asia and Africa.

Military tensions between the United States and Iran have escalated sharply, with 200 US troops wounded across seven countries and President Trump claiming his strikes prevented nuclear war.

Iranian missile and drone strikes on Gulf oil facilities have triggered sharp crude price increases, prompting US strategic reserve releases and raising supply security concerns across African import-dependent economies.

Iran attacked commercial vessels in the Gulf and threatened oil supply disruptions through the Strait of Hormuz, forcing G7 nations to tap strategic reserves as diplomatic fallout spreads.

International Energy Agency member states approved a historic coordinated release of 400 million barrels from strategic petroleum reserves following attacks on oil tankers in Iraqi waters and escalating regional conflict involving Iran and Gulf states.

Iran struck a Saudi oilfield with drones Wednesday as the International Energy Agency weighs its largest-ever strategic reserve release to stabilize surging oil prices amid escalating US-Israeli military operations.

Pentagon confirms heaviest airstrikes yet on Tehran while UN warns of cascading crises across the Middle East and global markets register volatile responses to escalating conflict.

Tehran has ruled out ceasefire negotiations despite the Pentagon's most intense strikes to date, while accusing the US and Israel of targeting nearly 10,000 civilian sites across Iran.

Escalating military confrontations between Iran, the US, and Israel have pushed oil prices above $120 per barrel while stranding international travelers and prompting warnings about Gulf security's impact on global stability.

Global oil prices dropped 8% to $83 per barrel following a spike driven by Middle East tensions, prompting Egypt to raise fuel prices by 14% while Nigeria suspends helicopter landing fees for oil operations.

Brent crude surged above $100 per barrel following a drone strike on UAE's Ruwais refinery, while Nigeria's Dangote facility cuts domestic prices amid reduced import dependence.

Nigerian pump prices hit ₦1,300 per litre as Middle East conflict drives crude oil volatility, with Brent swinging from $120 to below $90 in 24 hours following US sanctions relief announcement.

Military confrontations between Iran and a coalition including the US, Israel, Turkey and UAE have intensified across multiple fronts, with NATO intercepting Iranian missiles over Turkey and Gulf states repelling drone attacks.

Crude prices jumped 30% and European gas markets rallied as the US-Israel-Iran conflict entered its second week, prompting G7 finance ministers to discuss coordinated strategic petroleum reserve releases to stabilize global energy markets.