A sharp rise in oil prices tied to the US-Israel confrontation with Iran is likely to speed up the global transition to electric vehicles, strengthening a shift that has already helped China overtake Japan as the world’s top car seller, according to South China Morning Post. Crude prices have surged past $100 a barrel amid…
Global oil markets swung both ways for a second straight day on Tuesday as mixed signals from the Trump administration about the war in Iran and security in the Strait of Hormuz caused panic among investors and energy traders. Galaxy Globe bulk carrier and Luojiashan tanker sit anchored in Muscat, as Iran vows to close…
Tehran: Tehran has responded to US President Donald Trump’s remark about ending the war in Iran, saying it will be the one who will “determine” when the military actions against American and Israeli targets cease. Iran’s Islamic Revolutionary Guard Corps (IRGC) stressed that equations and the future status of the region are now in the…
The US State Department has called on all American nationals in the Middle East to leave as soon as possible through commercial means days after tensions in the Middle East escalated, following the US-Israel joint attack on Iran. Assistant Secretary for Consular Affairs, Mora Namdar, issued a list of several locations, including the UAE, Saudi…
China on Monday issued its first reaction to the escalating US-Iran conflict, urging efforts to prevent the fighting from spreading further across the region. Beijing’s foreign ministry urges restraint after Middle East tensions escalate (AFP) In a statement, the China foreign ministry said on the Iran conflict: “Prevent spillover of fighting.” “The most urgent task…
The Ministry of External Affairs on Tuesday welcomed the ‘reports’ of a ceasefire between Iran and Israel, hours after US President Donald Trump announced that both nations have agreed to a truce. Also Read: Israel-Iran ceasefire LIVE Here are the top ten developments on the Iran-Israel updates: 1. A statement from the Ministry of External…
Home » Latest Travel News of Saudi Arabia » UAE, Qatar, Kuwait, Bahrain, Oman and Saudi Arabia are in the List to Avoid Travelling for UK Holidayers as Iran Promises to Retaliate, New Update Before You Plan for a Summer Vacation Monday, June 23, 2025 Just as summer begins, a serious travel alert has thrown holiday plans…
Hong Kong’s fund industry will continue to attract strong inflows as international investors use the city as a “safe harbour” amid rising geopolitical tensions, according to officials and fund managers. Financial Secretary Paul Chan Mo-po said the Middle East offered huge opportunities for Hong Kong despite the recent flare-up in the region. On Saturday, the…