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The cost of chartering a supertanker to transport crude oil from the Middle East to China has escalated, nearing $500,000 per day. This surge comes as regional tensions continue to deter many shipowne...
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The US naval blockade on Iranian ports has paralyzed oil export activities from Kharg Island, Iran's main terminal for most crude exports. This coincides with President Trump's escalating economic pre...
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Gold prices declined on Monday as investors engaged in profit-taking after prices had reached a seven-week high in the previous session. Markets are now cautiously awaiting forthcoming US inflation da...
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The Supreme Council for Financial and Monetary Stability held its second session today, Saturday, chaired by Prime Minister Ali Faleh Al-Zaidi, with attendance from heads and directors of relevant bod...
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Iranian Foreign Minister Abbas Araghchi affirmed his country's steadfastness against all pressures, reiterating its unwavering commitment to the principle of resistance and vowing not to forget what h...
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The Ministry of Construction, Housing, Municipalities, and Public Works is preparing plans to overcome financial challenges to complete five vital bridges over the Tigris in Baghdad, part of two packa...
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Prices for Basra Heavy and Medium crude oils witnessed overall weekly losses, despite their notable increase during the final trading sessions. Basra Heavy crude rose in the last session by $2.16 per...
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Lebanon has initiated logistical and administrative preparations for transporting Iraqi fuel overland via Syria to Tripoli's oil facilities. This remains a preparatory phase, not yet operational. A...
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A severe shortage in diesel fuel, exacerbated by escalating conflicts in the Middle East and Ukraine, warns of a deepening crisis that could intensify with the approaching winter and rising expected d...
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Satellite imagery and shipping data reveal U.S. naval blockades are disrupting Iranian crude oil transfers from Kharg Island, the nation's primary oil export terminal. This indicates a halt in Tehran'...
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