Iran has closed the Strait of Hormuz. This is a very important sea route in the Persian Gulf, through which about 20 percent of the world’s oil supply passes. Iran’s powerful army Islamic Revolutionary Guard Corps (IRGC) has said that this route is now closed for ships and if any ship tries to pass through…
Large numbers of Iranians gathered in central Tehran and other cities for the first Friday prayers since the war with the United States and Israel began. Videos shared by Iranian media online showed crowds of men and women, many in black and some carrying Iranian flags, heading toward an open area outside the Grand Mosque…
Following a smart recovery in the previous session, the US stock market is likely to open Thursday’s session, 5 March, on a flat note. Futures of the three key averages — the S&P 500, Dow Jones Industrial Average and Nasdaq — are trading mixed at 0.01%, -0.33% and 0.01%, respectively, in pre-market trade as investors…
Iranian drone attacks could disrupt the Strait of Hormuz for months, but how long the Islamic Republic could sustain its missile barrage is less clear, according to intelligence sources and military analysts. Since the US and Israel attacked Iran on Saturday, Iran has launched hundreds of missiles and more than 1,000 drones at Gulf states…
The US stock market is likely to open in the red in Wednesday’s trading session, as the futures of the three key averages — the S&P 500, Dow Jones Industrial Average, and Nasdaq — are trading with modest losses of 0.12%, 0.06%, and 0.06%, respectively, in pre-market trade. Tensions in the Middle East continue to…
The US stock market is likely to open in the red in Wednesday’s trading session, as the futures of the three key averages — the S&P 500, Dow Jones Industrial Average, and Nasdaq — are trading with modest losses of 0.12%, 0.06%, and 0.06%, respectively, in pre-market trade. Tensions in the Middle East continue to…
The US stock market is likely to open with sharp cuts in Tuesday’s trading session, March 3, as the futures of the three key averages, including the S&P 500, Dow Jones Industrial Average, and Nasdaq, are trading lower by 2%, 2%, and 2.5%, respectively, in pre-market trade. The weakness comes as tensions between the US,…
The impact of the increasing war in the Middle East is now directly visible on the global energy market. Especially the situation has become more serious due to the closure of the Strait of Hormuz. This sea route is very important for the world, because about 20 percent of global crude oil and LNG trade…
Crude Oil Prices LIVE: Crude oil prices jumped over 7% to multi-months high levels on Monday as war in the Middle East escalated, following US and Israeli military strikes on Iran, with the vital Strait of Hormuz effectively shut, several tankers damaged and shipments disrupted from the key producing region. Brent crude futures prices surged…
US-Israel-Iran war: The joint attack by the US and Israel on Iran has disrupted the logistics supply chain in the Strait of Hormuz. The US-Iran war, cutting traffic in the world’s most important shipping chokepoint, underscores the growing concern about maritime security as the conflict involving the US, Israel and Iran spreads through the region…
