Iran closes Starit of Hormuz over breach of war ending agreement
Iran has announced the closure of the strategically important Strait of Hormuz to vessel traffic, escalating tensions in the region amid accusations that the United States and Israel have failed to uphold commitments under a recently signed war-ending memorandum of understanding. The announcement was made by the Islamic Revolutionary Guard
Iran Praises Pakistan’s Mediation as Security Council Sets Tough Terms for Fragile Ceasefire
Iran has hailed Pakistan’s leadership for brokering a fragile diplomatic breakthrough with the United States, as a two-week ceasefire takes effect amid sharp declines in global oil prices and cautious optimism for de-escalation in one of the world’s most volatile regions. In a carefully worded statement, Iran’s Foreign Minister, Seyed
Gov’t Warns Fuel Firms Against Profiteering Amid Middle East Tensions
Energy Minister Ruth Nankabirwa has issued a stern warning to fuel companies, cautioning them against using the escalating US/Israel–Iran conflict as justification to hike pump prices. Nankabirwa made it clear that Uganda’s fuel supply remains stable and that there is no basis for price increases, given that the Uganda National
Oil Production Halted at Iraq’s Rumaila Field Amid Rising Regional Tensions
Oil production has been suspended at the Rumaila oil field, one of the world’s largest oil fields — according to local sources cited by Shafaq News on Tuesday. Sources said operations at the vast southern Iraqi field were completely halted following disruptions to export activity linked to ongoing military developments
