The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challenges worldwide.
Tags: Iran
Two Texan Men Get More Than 3 Years in Prison for Conspiracy to Sell Iranian Oil to China
Two Texas men were sentenced to 45 months in prison for trying to sell Iranian oil to a refinery in China in violation of US sanctions.
OpenAI Exposes Covert Influence, Threats from Russia, China, and Beyond
OpenAI's inaugural report unveils the disruption of disinformation campaigns originating from Russia, China, Israel, and Iran, highlighting the misuse of its AI tools by malicious actors for propagandistic content across social media platforms.
Iran Approves Plan to Boost Oil Output to 4 Million Barrels Per Day: Report
Iran plans to boost its oil production to four million barrels per day. Iran plans to boost its oil production to four million barrels per day. Iran Approves Plan to Increase Its Oil Production The country's Tasnim news agency said Sunday that an economic council headed by Iran's interim president Mohammad Mokhber approved this increase in its oil output.
Update: Iranian President Ebrahim Raisi Confirmed Dead After Heavy Landing During Helicopter Crash With Other Officials
President Ebrahim Raisi and Foreign Minister have lost their lives in a devastating helicopter crash.
Latest News
An economic delegation from North Korea visited Iran, marking the first known talks between the two countries since the start of the COVID-19 pandemic.
The shipping industry is urging the United Nations (UN) to take decisive action to protect merchant vessels and seafarers amid escalating attacks in the Middle East.
U.S. Treasury Secretary Janet Yellen announces forthcoming sanctions on Iran following its drone and missile attacks on Israel, using their oil exports to disrupt the country's destabilizing activities.
Rial, the currency of Iran, experienced a historic low against the US dollar after the country's extensive missile and drone attack on Israel over the weekend.
Several major Arab airlines have been forced to cancel their flight schedules over the weekend following Iran's strikes on Israel.
A potential increase in oil prices is expected following the recent attack on Israel by Iran, although the extent of possibilities gains hinges on the response.
The conflict between Iran and Israel has intensified, with Iran launching a series of attacks. These attacks have led to the closure of airspace in multiple nations, including Israel, Egypt, Iraq, and Syria.
The Biden administration is reportedly preparing to announce new sanctions on Iran in retaliation for its arms sales that have fortified Russia's defenses amid war with Ukraine.
The Iran Central Bank's subsidiary is now facing sanctions as it's allegedly supplying American technology to Hezbollah.
