Tag: Iran
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Iran strikes vessels passing through the Strait of Hormuz
The IRGC has continued to strike at commercial vessels passing through the Strait of Hormuz without permission as of early this morning. The strikes this morning follows a strike on the Greek-operated and Liberian-flagged Minoan Pioneer last Monday. The IRGC confirmed today’s attacks via state media. The IRGC insists that vessels passing through the Strait of…
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Iran to sign deal over Strait of Hormuz with Oman and warns US not to interfere: Iran State Media
According to Iranian state media, the Iranian regime has announced that it will sign an agreement with Oman over safe maritime passage through the Strait of Hormuz and also said that any interference from “third-parties” will not be accepted. The Iranian regime also denied it is in talks with the US administration over the shipping…
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US Senators reach agreement on sanctions on Russia and Iran: Iran launches new attacks
Yesterday’s funeral in Washington of US Senator Lindsey Graham was marked with several notable events including a meeting between Israeli Prime Minister Benjamin Netanyahu and Us President Donald Trump at the White House. Their meeting took place as Iran launched new ballistic missile attacks against US forces in the region including in Jordan. The US…
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War continues in the Arabian Peninsula but shipping in Bab-Mandeb not yet fully closed
Houthis in Yemen claimed to have struck Aramco’s Abqaiq oil refinery around 330 KM east from Riyadh but Saudi Arabia has said that the refinery was targeted by militants from Iraq. The attack follows another attack on Aramco’s Yanbu oil refinery last week. The war between Yemen and Saudi Arabia is still ongoing but the Houthis…
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Stalemate at Strait of Hormuz: Brent opens above $93
There is stalemate at the Strait of Hormuz with both the US Navy and the Iranian regime vowing for absolute control of both sides of the strait, yet with both sides capable of damaging each other’s side of the shipping vessels. Axios is reporting that US Military commander in the Middle East said that conducting…
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War flares up in Yemen: US retains blockade in the Strait of Hormuz
War is flaring up in Yemen after the Houthis announced a blockade on Saudi Arabia’s ports and are attempting to block the Red Sea. Saudi Arabia has conducted airstrikes against Houthi targets in Yemen while the Houthis have fired ballistic missiles at Saudi Arabia. Greece announced that one of its Patriot batteries has intercepted a…
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Houthis warn vessels not to call at Saudi ports as they join Iran’s side of the war
The Houthis in Yemen have issued a threat to commercial vessels in the Red Sea not to call at Saudi Arabia’s ports as they have now joined the war on Iran’s side. The Houthis seem to be attempting to close off the commercial route from the Red Sea to Bab al-Mab for commercial shipping. Two…
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Maltese flagged-tanker struck in Oman: crew members rescued
The Transport Ministry has announced that 23 crew members of the Maltese-flagged tanker, Kavomaleas (IMO: 1042823), were rescued by Oman after the vessel was struck as it was navigating near the coast of Oman yesterday on July 20th. The vessel tried to enter the Strait of Hormuz and was struck by the IRGC who claimed…
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US strikes nuclear plant in Iran: Iran strikes Gulf countries
US strikes on Iran continued over the weekend, targeting military and naval facilities around the Strait of Hormuz in an effort to secure commercial shipping. A US strike also hit the under-construction Darkhovin nuclear power plant in Khuzestan Province in a sign of escalation in the renewed conflict. The International Atomic Energy Agency said that…
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Despite low inflation estimates for tomorrow, inflation remains lagging
Despite low expected inflation rates coming out tomorrow by Eurostat, the renewed escalation of the war in the Persian Gulf risks pushing inflation back onto an upward trajectory in July. Eurostat’s preliminary estimate has already placed Euro-area inflation at 2.8% in June, down from 3.2% in May, while Malta’s rate is estimated to have fallen…
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Iran attacks oil tankers again while the US keeps hitting their military targets
War in the Persina Gulf is back as Iran keeps attacking oil tankers trying to pass through the Strait of Hormuz while the US keeps up its strikes against its military targets. Iran targeted the Indian oil tankers the Al Bahia and Mombasa B killing one crew member in the process. India summoned the Iranian…
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President Trump declares that US forces will take over the Strait of Hormuz: Brent Crude futures at $83.5
US President Donald Trump has announced that US forces will be taking over the Strait of Hormuz and also charge a 20% toll on ships passing through the strait to pay for the security. The announcement followed another round of weekend strikes in the Persian Gulf by US forces against Iranian military targets. Iranian Foreign…
