June 13, 2025 1:33 PM

Oil soars more than 6% after Israel’s strike on Iran alarms market

Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Brent crude futures LCOc1 jumped $4.60, or 6.63%, to $73.96 a barrel by 0612 GMT after hitting an intraday high of $78.50, the highest since January 27. U.S. West Texas Intermediate crude CLc1 was up $4.99, or 7.33%, at $73.03 a barrel after hitting a high of $77.62, th...

June 13, 2025 1:21 PM

Israel hits Iran nuclear facilities, missile factories; Tehran launches drones

Israel launched widescale strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders during the start of a prolonged operation to prevent Tehran from building an atomic weapon. Iran had launched about 100 drones towards Israeli territory in retaliation, which Israel is working to intercept, Israeli military spokesman Brigadier General Effie Defrin said. Iranian media and witnesses reported explosions including at the country's mai...

June 12, 2025 8:56 AM

Amid Iran tensions, U.S. withdraws diplomats, military families from West Asia over security concerns

The US State and Defence Departments have begun moving non-essential personnel out of several locations across West Asia amid growing regional tensions, CNN reported citing US officials and sources familiar with the matter. While the exact cause of the shift in posture remains unclear, a defence official told CNN that US Central Command (CENTCOM) is monitoring "developing tension in the Middle East." President Donald Trump, commenting on the situation, said, "They are being moved out because i...

May 15, 2025 2:48 PM

Trump says US close to a nuclear deal with Iran

U.S. President Donald Trump said on Thursday that the United States was getting very close to securing a nuclear deal with Iran, and Tehran had "sort of" agreed to the terms.   "We're in very serious negotiations with Iran for long-term peace," Trump said on a tour of the Gulf, according to a shared pool report by AFP.   "We're getting close to maybe doing a deal without having to do this... there (are) two steps to doing this, there is a very, very nice step and there is the violent step,...

April 29, 2025 12:01 PM

Death toll in Iran’s Bandar Abbas port blast rises to 70

The death toll from a major explosion in Iran's most important container port of Bandar Abbas rose to at least 70, with over 1,200 injured, state media said on Monday, as firefighters battled a blaze that Iranian officials said was now under control 48 hours after the start of the fire.   Saturday's blast took place in the Shahid Rajaee section of the port, Iran's biggest container hub. Efforts to put out the ensuing blaze have continued since with sporadic fires breaking out due to wind and ...

April 28, 2025 9:08 AM

Death toll from Iran’s port blast rises to 40, over 1,000 injured

The death toll from a massive explosion at a port in Iran’s southern Hormozgan province has climbed to 40, with over 1,000 people reported injured, Iran's IRIB news agency said.   The blast on Saturday triggered a major fire, with 197 of the injured individuals requiring hospitalisation, according to Hormozgan Governor Mohammad Ashouri Taziani.   The cause of the explosion has not yet been determined, Xinhua news agency reported.   In response to the tragedy, the Iranian government de...

April 25, 2025 9:18 PM

Tehran offers to mediate between India and Pakistan following Pahalgam terror attack: Iran FM

In the wake of the deadly terror attack in Pahalgam earlier this week, Iran has expressed its readiness to help foster better understanding between India and Pakistan. Citing its longstanding cultural and civilizational ties with both nations, Iran’s Foreign Minister Seyed Abbas Araghchi said Tehran is willing to mediate during this challenging time.   "India and Pakistan are brotherly neighbours of Iran, enjoying relations rooted in centuries-old cultural and civilizational ties. Like our ...

April 19, 2025 8:00 AM

Iran says nuclear deal is possible if Washington is realistic

Iran believes reaching an agreement on its nuclear programme with the United States is possible as long as Washington is realistic, Foreign Minister Abbas Araqchi said on Friday on the eve of a second round of talks with the Trump administration.   "If they demonstrate seriousness of intent and do not make unrealistic demands, reaching agreements is possible," Araqchi told a news conference in Moscow after talks with Foreign Minister Sergei Lavrov of Russia.   Iran had noted the United Sta...

March 27, 2025 4:41 PM

Iran ready for indirect talks with US, Khamenei aide says

Kamal Kharrazi, an adviser to Iran's supreme leader, said on Thursday Tehran has not closed all doors to resolve its disputes with the United States and is ready for indirect negotiations with Washington. Tehran has so far rebuffed U.S. President Donald Trump's warning it to make a deal or face military consequences. Supreme Leader Ayatollah Ali Khamenei called the message deceptive and Foreign Minister Abbas Araqchi said talks are impossible unless Washington changes its "maximum pressure" pol...

March 16, 2025 10:13 AM

Who are Yemen’s Houthis and why are they under attack by the US?

U.S. President Donald Trump has launched the biggest military operation in the Middle East since taking office against Yemen's Iran-aligned Houthis after they resumed Red Sea shipping attacks. The strikes, which have killed at least 24 people so far, could last for weeks according to one U.S. official and come as Trump ramps up sanctions pressure on Tehran. WHAT IS THE HISTORY OF THE HOUTHIS? In the late 1990s, the Houthi family in the far north of Yemen set up a religious revival movement fo...