23+ hour, 27+ min ago   (1688+ words) Iran’s agreement with Oman on a new maritime route through the Strait of Hormuz “does not in any way mean reopening” the waterway, Iranian Foreign Minister Abbas Araghchi told Al-Araby Al-Jadeed on Sunday. Araghchi said the new route would be…...

1+ day, 1+ hour ago   (1678+ words) Pakistan’s Prime Minister Shehbaz Sharif condemned attacks by the Iran-backed Houthis on Saudi Arabia and its oil infrastructure during a phone call with Crown Prince Mohammed bin Salman on Sunday, Saudi Arabia’s Foreign Ministry said. “The wheels of the economy…...

23+ hour, 14+ min ago   (1673+ words) “The wheels of the economy in the margins and dilapidated parts of major cities have long fallen out of rhythm, giving way to a struggle for daily survival,” Iran’s labor-focused ILNA news agency wrote. The report documented growing hardship in…...

1+ day, 10+ hour ago   (1624+ words) Islam Kak Darvishi, the brother of a deputy governor of Iran’s West Azarbaijan province, was killed in an armed attack in the city of Piranshahr, Iranian media reported. The reports said the suspected attacker was identified and arrested by the…...

1+ day, 13+ hour ago   (1645+ words) Middle Eastern oil exporters are finding ways around months of war and shipping disruption, with UAE crude exports back at pre-war levels, according to TankerTrackers.com, which says Iranian exports have effectively vanished. Southern Iraqi exports are now about 33% below…...

4+ day, 5+ hour ago   (1644+ words) Iran routed an estimated $2 billion to $2.5 billion through a China-based trade mechanism over the past year, using proceeds from oil sales to pay for Chinese goods and, at least once, contracts for military equipment, Reuters reported on Thursday. The barter-like…...

4+ day, 22+ hour ago   (1644+ words) Any vessel entering a designated restricted zone around the Strait of Hormuz, whose exact coordinates will be announced, will face sanctions and lose access to maritime, insurance and support services, IRGC spokesman Hossein Mohebbi said. A new Iranian oil trading…...

5+ day, 6+ hour ago   (1631+ words) All US troops in Jordan are accounted for following IRGC missile attacks, Reuters reported Tuesday, citing a US official. Jordan’s military said its air defenses destroyed 18 of 20 ballistic missiles launched from Iran, while two fell in unpopulated areas without causing…...

5+ day, 12+ hour ago   (1664+ words) Oil, gas and Iran economic analyst Iran’s decision to double the price of gasoline sold outside subsidized quotas could generate less than $500 million in additional annual revenue under current consumption patterns, but can it resolve the structural pressures behind the…...

5+ day, 21+ hour ago   (1648+ words) Yemeni government forces have taken control of two areas west of Taiz after clashes with Tehran-backed Houthi forces, Al Arabiya reported, as fighting intensified across several fronts in the country. The advances were reported in Naqil and Jabal al-Kura in…...