A man holds the Iranian toman equivalent of 1 USD as US dollars selling rate on the free market reaches an all-time high, hitting the 200,000 toman mark in Tehran, Iran on Aug. 24, 2026. Fatemeh Bahrami | Anadolu | Getty Images The U.S. announced an “economic D-Day” campaign Monday to isolate Iran from the…
The US Coast Guard seized advanced weapons and lethal aid from Iran, destined for Houthi-controlled areas of Yemen in the Red Sea on Jan. 28, the US Central Command (CENTCOM) said Thursday, on February 15, 2024 in Tampa, Florida, United States. The boarding team discovered over 200 packages that contained medium-range ballistic missile components, explosives,…
Zolfaghar and Qadr missiles alongside a metal model of a mini submarine are displayed at Azadi Square as the mutual attacks between Iran and the US, sparked by the parallel routes established in the Strait of Hormuz, intensify day by day in Tehran, Iran on July 24, 2026. Fatemeh Bahrami | Anadolu | Getty Images…
Soldiers from the US Army in a simulated village during the Combined Resolve “Greywolves” exercise at the US military Hohenfels Training Area in Hohenfels, Germany, on Thursday, April 30, 2026. Alex Kraus | Bloomberg | Getty Images The Pentagon lowered its official death toll for the Iran war to 14 from 18 in the space…
Iraq and Syria signed an agreement Friday to rebuild an oil pipeline that would provide an alternative to the Strait of Hormuz. Baghdad and Damascus signed the deal at a Chamber of Commerce summit in Washington on U.S. investment in Iraq. Energy Secretary Chris Wright presided over the signing by Basra Oil Company CEO Bassem…
Middle East oil producers plan to build new pipelines to reduce their dependence on the Strait of Hormuz, as Iran disrupts the Gulf states’ seaborne crude exports with near daily attacks on tankers. But new pipelines will not end the threat to the region’s energy exports, analysts said. This infrastructure is just as vulnerable to…
A sign at BP Plc petrol station in London, UK, on Monday, Aug. 4, 2025. Bloomberg | Bloomberg | Getty Images BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country’s energy sector and reduce the region’s reliance on routes vulnerable…
Jonathan Raa | Nurphoto | Getty Images OPEC+ has agreed an increase in oil output of 188,000 barrels per day, the cartel said on Sunday, as it pushes on with production in the first meeting since the loss of its key member, the United Arab Emirates. The group of seven major oil producers announced it…
A US Air Force Boeing KC-135 Stratotanker aerial-refuelling aircraft flies over Tel Aviv on March 4, 2026. Jack Guez | Afp | Getty Images The U.S. military said Thursday that a KC-135 military refueling plane was lost while flying over Iraq in an incident that was “not due to hostile or enemy fire.” The U.S….
Crude oil prices surged above $100 per barrel on Sunday, after major Middle East producers cut output because the critical Strait of Hormuz remains closed due to the Iran war. West Texas Intermediate jumped 18.98%, or $17.25, to $108.15 per barrel by 6:12 p.m. ET. Global benchmark Brent advanced 16.19%, or $15.01, to $107.70. U.S….
