Keywords: Iran
The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum......
A supply shock triggered by the conflict involving Iran is disrupting the global smartphone market, as a sharp reduction in helium supply threatens semiconductor production while a parallel shortage of memory chips continues to drive device prices higher and weaken shipment forecasts. The crisis intensified......
Oil prices have surged to their highest levels in nearly four years as the conflict involving Iran disrupts global energy supply, raising inflation risks and reviving concerns about stagflation. Brent crude closed at $112.19 per barrel on Friday, its highest level since July 2022. In the United States,......
Gold and silver continued to fall at the start of the trading week, extending a multiweek selloff driven by tight US monetary policy, a stronger dollar and renewed inflation concerns linked to rising energy prices amid the Iran conflict. Gold futures dropped sharply early in the session, adding to losses......
Iraq’s power plants have resumed receiving Iranian gas following a three-day disruption caused by regional tensions, Iraqi authorities announced on Saturday. The interruption had affected critical energy infrastructure, highlighting the country’s continued dependence on external energy sources. The......
Saudi Arabia’s armed forces intercepted 92 drones within 24 hours as Iran intensified its aerial campaign against energy infrastructure across the Gulf, highlighting the scale and persistence of the conflict. According to official statements cited by Arab News, Saudi defenses shot down 51 drones......
Iran launched two intermediate-range ballistic missiles toward Diego Garcia, a US and UK military base in the Indian Ocean, marking a significant escalation and the first known operational use of such missiles by Tehran, according to US officials cited by The Wall Street Journal. Neither missile reached......
Gold prices are on course for their steepest weekly decline since March 2020, pressured by the Federal Reserve’s firm interest rate stance and a stronger US dollar, despite a modest rebound on Friday. Spot gold edged higher early in the session to around 4,700 dollars per ounce, recovering from......
Switzerland has announced that it will temporarily halt weapons exports to the United States due to ongoing military actions involving Iran, citing its longstanding policy of neutrality. The Swiss government stated that licenses for exporting war materiel to countries engaged in the conflict cannot......
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