Middle East

IRGC responds to US attack on Iranian tankers

Iran’s Islamic Revolutionary Guard Corps (IRGC) has reported successful ballistic missile strikes on two U.S. destroyers and eight oil tankers in the Strait of Hormuz.

Brent crude rises above 100 dollars for first time since July

Benchmark Brent crude oil futures rose ‌past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concerns about oil flows from the region.

Iran to use proceeds from Hormuz Strait to strengthen defense

Iran will use proceeds from the fees for the passage through the Strait of Hormuz to improve living standards in the country and strengthen its defense, member of the parliamentary committee on national defense Hassan Ghashghavi said.

Brent oil price climbs toward 100 dollars per barrel

Oil prices on Tuesday surged toward $100 a barrel after Iran-backed Houthi militants launched an attack on Saudi Arabia that Saudi officials said injured dozens of civilians in a major escalation of tension in the region.

Houthis attack Saudi oil facilities

The Houthi rebel group in Yemen launched a wave of attacks on Saudi Arabia on Tuesday, wounding more than 70 people and igniting fires at oil facilities and utilities in the kingdom, authorities said.

Iran revises strategy, warns US of maritime isolation

A senior Iranian security official warned Tuesday that if the United States continued to wage “economic warfare” against Iran, it could trigger the establishment of a maritime exclusion zone across the Gulf.

Iran closes Strait of Hormuz to shipping

Iran would establish a "prohibited zone" near the Strait of Hormuz in coming days, secretary of Iran's Supreme National Security Council Mohsen Rezaei said.

Hormuz traffic dips to lowest since May

An average of 10 commodity ships transited the Strait of Hormuz per day over the past 10 days, the lowest since ​May after U.S. and Iranian ‌strikes on tankers, according to shipping data on Monday, Reuters reported.

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