While there have been long-standing conflicts in the Middle East, the US-Israel attack on Iran has disrupted oil trade and petrol prices on an...
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Maroc - WN.COM - Africa - 02/Apr 00:35
While there have been long-standing conflicts in the Middle East, the US-Israel attack on Iran has disrupted oil trade and petrol prices on an unprecedented scale, putting into question the future of the global economy and the legitimacy of religion-based wars. A month into the conflict, Iran has closed the vital Strait of Hormuz, which transports 20% of global oil supply, raising oil prices to $115 a barrel and plans to push them up to $200 a barrel as a wartime fight- back strategy. In response to the 28 February attack, Iran targeted US military bases and assets in the neighbouring Gulf countries, such as...
While there have been long-standing conflicts in the Middle East, the US-Israel attack on Iran has disrupted oil trade and petrol prices on an...
Dubai: Iranian-backed Houthi rebels entered the month-old war in the Middle East on Saturday, claiming two missile launches at Israel. About 2,500 US...
DUBAI, United Arab Emirates (AP) — Iranian-backed Houthi rebels entered the monthlong war in the Middle East on Saturday, claiming two missile...
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The fifth week of Donald Trump’s illegal war on Iran has confirmed the absence of any overarching strategy. The US continues to hit Iranian targets...
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The Strait of Hormuz, a critical global oil route, is currently blocked by Iran. This action follows a US-Israel offensive and the death of Ayatollah...
By BDC MONTREAL, Canada – The price of crude oil has surged 40 percent over the past two weeks, rising from USD 65 per barrel at the end of...
By BDC MONTREAL, Canada – The price of crude oil has surged 40 percent over the past two weeks, rising from USD 65 per barrel at the end of...
- Import-dependent economies are hit hardest, with fuel price hikes and supply strains expected to push up inflation and disrupt transport -...