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Two oil tankers explode, catch fire after hitting naval mines near Hormuz: Iran's IRGC Navy

Two oil tankers attempting to pass through the Strait of Hormuz exploded and caught fire after striking naval mines, Iran's Islamic Revolutionary Guard Corps (IRGC) Navy said on…

Middle EastOpen page
Article

UN warns of rising maritime attacks, urges restoration of safe navigation in Strait of Hormuz, Red Sea

'Civilian vessels and commercial shipping must not become targets,' says assistant secretary-general for Middle East, Asia, Pacific

AsiaOpen page
Article

Iran says LNG ship hit mine in Strait of Hormuz

TEHRAN, Nov 13 — Iran’s Revolutionary Guards said today that a ship was hit by an explosion after striking a...

Middle EastOpen page
Article

Iran Denies US Link in Ship Blasts as Regional Tensions Spike

Iran suggests recent ship blasts are not US attacks. Here is what this standoff means for crude oil, defense stocks, and your portfolio.

Middle EastOpen page
Article

The Gulf’s Hidden Invoice: Who Really Pays for the Hormuz Recession

More Money, Fewer Workers On 3 November, two numbers out of Kathmandu deserved to be read side by side. Nepal’s remittance inflows for the fiscal year ending in…

Middle EastOpen page
Article

Commentary: Fixing Hormuz will take more than conventional maritime security

Ending geopolitical tension does not necessarily mean the end of its impact. What a crisis leaves in the sea may remain long after politics has moved on and…

PoliticsOpen page
Article

Oil prices fall as rising crude output offsets geopolitical risks

Oil prices slipped as rising OPEC+ output weighed on the market, while tensions around the Strait of Hormuz and the Middle East conflict limited losses.

Middle EastOpen page
Article

OPEC+ oil output rises 2.04 million barrels per day in Oct as Saudi Arabia leads recovery amid West Asia crisis

OPEC and its partner countries recorded a sharp recovery in oil production in October, led by Saudi Arabia, even as global oil markets continued to face heightened uncertainty…

World NewsOpen page
Article

Tankers burn in Mideast despite hopes for de-escalation

There is little sign that attacks on tankers in the Strait of Hormuz will abate in November, after 37 ships were attacked in October.

Middle EastOpen page
Article

IRGC Navy accuses US of putting oil tankers at risk in Strait of Hormuz

In a statement, Rezaei called on the US to submit to Iran's seven conditions to bring an immediate end to the conflict in West Asia.

AsiaOpen page

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