Russia selling oil at premium as Hormuz disruption tightens global supply

Russia is now selling oil at a premium on some routes as Strait of Hormuz disruption tightens global supply, Deputy Prime Minister Alexander Novak has said, marking a sharp reversal from post-sanctions discounts.

Ukraine and Saudi Arabia sign defence cooperation deal as Zelenskiy visits Riyadh

Ukraine and Saudi Arabia have signed a defence cooperation deal, with Kyiv offering hard-won air defence expertise against Iranian drones and missiles in exchange for Saudi capabilities and potential investment.

India adopts multi front fertiliser strategy as West Asia crisis unfolds

The biggest short term vulnerability for Indian energy security is liquified petroleum gas using in cooking - of which India imports over half of its consumption demand via the Strait of Hormuz.

Iran drives US military out of all thirteen of its gulf military bases

Iran has driven the US military out of all thirteen of its Gulf military bases, The New York Times (NYT) reported on March 25.

Saudi Arabia boosts Red Sea oil exports to 4.4mn b/d

Saudi Arabia has sharply increased crude exports from its Red Sea terminals at Yanbu as it diverts shipments away from the Persian Gulf and the Strait of Hormuz, where flows have been severely disrupted since late February, according to Bloomberg.

UAE advances alternative trade route to bypass Strait of Hormuz

The United Arab Emirates is accelerating efforts to establish a new trade corridor linking its eastern seaboard to Saudi Arabia, to bypass the Strait of Hormuz bottleneck.

Iran claims 1,321 Israeli and 800 US troops killed since war began

Iran's armed forces spokesman has claimed over 1,300 Israeli and up to 800 US troops killed in the conflict, figures that cannot be independently verified and which neither Washington nor Tel Aviv has confirmed.

Israel targeting civilians in southern Lebanon invasion

Israel is deliberately targeting residential buildings and populated areas in an attempt to depopulate southern Lebanon, according to reports.

How long would countries' oil stocks last? Statista

As global oil markets reel from the fallout of the Iran conflict, strategic reserves have once again come into focus as a key buffer against supply shocks, Statista reports.

Iran’s missiles, drones stored under impenetrable granite mountains

US President Donald Trump claims US forces have destroyed Iran’s missile and drone stockpiles. But since the first days of the war the Iranian Revolutionary Guard Corps (IRGC) triggered its Mosaic Defences and hid its weapons inside mountains.

Middle East conflict fallout to slow growth, push up inflation in Emerging Europe and Mediterranean region, EBRD says

Development bank says economic fallout is already spreading, through higher energy and fertiliser costs, damage to tourism and higher debt-servicing costs.

How Iran’s strike on Qatar is choking the global AI economy

The world has fixated on oil prices and LNG disruption. It has almost entirely missed the far more consequential story: Iran’s asymmetric strike on Qatar’s Ras Laffan facility has severed one-third of the global supply of helium.

Iran says 39 suspected Israeli spies arrested

Iran's intelligence ministry said it had identified and arrested 39 people it described as operatives working for Israel and terrorist groups in Tehran.

Hormuz closure threatens global chemicals supply chains, Fitch warns

Fitch warns a prolonged Hormuz closure threatens global chemicals supply chains, with force majeure declarations already emerging and material credit risks building across Gulf, European and Asian producers.

Qatar LNG plant damage could take five years to fix if key components destroyed

Iran targeted and hit Qatar’s Ras Laffan gas plant on March 18, the backbone of Qatar's LNG exports and source of a third of the world’s supply of liquid gas. If key components were destroyed the plant could take five years to fix.

Riyadh betting on Iran war escalation in trade off of short-term damage for long-term regional dominance

Saudi Crown Prince Mohammed bin Salman (MbS) is taking a big gamble. He is pressing Washington for a more aggressive stance in its Iran campaign betting the short term damage cost is the price of leaving the Kingdom as the dominant regional power.

Iran rejects US proposal and sets five conditions for ending war

Iran rejects a US peace proposal and sets five conditions for ending the war, including reparations, a Hormuz sovereignty guarantee and a halt to what it calls aggression, a senior official tells Press TV.

Iran seizes assets of exiled academic Ali Sharifi-Zarchi over alleged collaboration

Seven Iraqi soldiers killed in airstrike on Anbar military base

Seven Iraqi soldiers were killed and 13 wounded in an airstrike on a military base in Anbar province, Iraq's defence ministry says, describing the targeting of a medical facility as a violation of international law.

Israel strikes Iranian Caspian port used by Russia to supply arms, food

More evidence emerged that the CRINK alliance (China, Russia, Iran, and North Korea) are supplying Iran with arms on March 24, after an Israeli strike on a Caspian sea smuggling route used by Moscow to supply Tehra