Israel

Russia’s oil revenue halved in March before Iran war triggered massive windfall

Falling tax revenues from the oil and gas sector have widened Russia’s budget deficit, as economic growth stalls and spending on the war in Ukraine continues to drain resources.

UAE gas plant, Kuwait oil refinery hit in latest Iran attacks

Iranian strikes have crippled refineries, petrochemical and liquefied natural gas facilities, and forced some of the world’s biggest oil producers to slash production.

Trump proposes $1.5 trillion defense spending, 10% cut to domestic programs to fuel Iran war effort

Discretionary nondefense spending would be cut 10%, by about $73 billion, according to fact sheets circulated by the White House in advance of the annual budget release Friday.

Crude sustaining above USD 100 will push inflation beyond 6%, trigger rate hikes: HSBC

"... Sustained oil above USD100/bbl would push inflation beyond 6 per cent, likely triggering rate hikes," the economists said, adding that we are at "crossroads" as Brent has averaged USD 100 in March.

Israel resumes production at biggest gas field after Iran war shut it for a month

Leviathan is a massive gas field operated by Chevron Corp. in the Eastern Mediterranean Sea that’s crucial for supplying not just local Israeli requirements, but is also key for Egypt.

Eight countries condemn Israel’s death penalty law targeting Palestinians amid global backlash

Foreign ministers from Pakistan, Turkiye, Egypt, Indonesia, Jordan, Qatar, Saudi Arabia, and the UAE issued a joint statement denouncing the measure, warning it reflects “increasingly discriminatory, escalating Israeli practices that entrench a system of apartheid”.

Top Iranian adviser Kamal Kharazi killed in US-Israeli strikes amid secret peace talks: Reports

The reported strike is being viewed by some officials as an attempt to disrupt backchannel diplomacy.

Iran war: Tehran blames Israeli 'miscalculation' for drawing US into conflict

Baghaei also addressed questions surrounding Iran's new supreme leader, Mojtaba Khamenei, stating he is in good health but has refrained from public appearances because of the active war.

UK to host multi-nation meeting on Strait of Hormuz shipping on Thursday

Britain, France, Germany, Italy, Japan and the Netherlands are among those to have signed it.

Traders pour $977 million into levered bet that oil will plunge

On Tuesday, the fund rallied 8% after President Donald Trump again signaled a potential end to the Iran war.

US Market: Massive short squeeze fogs market’s view on Iran peace prospects

A Goldman Sachs Group Inc. basket of the 50 most-shorted stocks soared 7.1% for its second-biggest rally in almost a year, and more than twice the gain of the S&P 500 Index.

IRGC claims attack on sites in Israel, US helicopter unit in Kuwait used over 100 missiles, attack drones

Al Jazeera reported the IRGC as saying that the attacks targeted various locations in Israel, and US military establishments in the Gulf.

Iran allows safe passage of six Bangladeshi fuel carrying ships through Strait of Hormuz

Bangladesh had earlier requested Iran to allow the vessels to pass through the strait following the February 28 attacks by the United States and Israel on Iran and the retaliation by the Islamic nation.

Israeli officer accused of using classified intel to profit from war-linked bets

Prosecutors say reservist and accomplice made over $160,000 by predicting timing of Iran strikes.

Malaysian ships to be spared from Iran's Strait of Hormuz tolls: Minister

Iranian state media reported on Monday that a parliamentary commission had approved plans to impose tolls on vessels transiting the vital waterway that Tehran has effectively closed due to the Middle East war.

How an Indian LPG tanker escaped Strait of Hormuz via an unusual route

Pine Gas Chief Officer Sohan Lal said the ship’s 27 Indian crew had seen missiles and drones flying overhead every day as they waited.

Europe hardens stance against Trump’s war in risk to NATO

Poland said it has no plans to relocate its Patriot batteries, following a report that the US has suggested Warsaw consider sending one of its systems to shore up air defenses in the Middle East.

Israel stops defence sales to France citing 'hostile attitude' over last two years: Report

The decision follows growing tensions, with Israel viewing France’s posture over the past two years as hostile

Iranian missiles target Jerusalem, Israel activates air defences

Israel activated air defences after Iranian missiles were launched, with sirens and explosions heard in Jerusalem before authorities declared it safe.

UN calls out Israel for 'discriminatory' death penalty law: What is the new legislation all about?

The measure was sponsored by Itamar Ben-Gvir, a far-right national security minister who said they 'made history' with the new law and would not yield to international pressure.

Leaks, doubts and pushback: How a secret Mossad-CIA plan to topple Iran using Kurdish forces was scrapped at the last minute

The combination of military pressure and a Kurdish incursion was intended to “break the fear barrier” among Iranian opposition groups that had faced brutal crackdowns in recent weeks.