Brent crude topped $100 a barrel as US-Iran tensions flare, marking another chapter in oil’s volatile price history this century.
Iran launched fresh attacks against the United States on Wednesday in retaliation for US strikes on its vessels in escalating conflict.
Iran warns of more forceful response to US attacks as both nations exchange fire near Strait of Hormuz amid six-month deadlock.
US Treasury issues $1 coins bearing Trump’s face whilst president proposes renaming Strait of Hormuz, continuing campaign to personalise national institutions.
Iranian president says Tehran will reciprocate if Washington honours collapsed June peace deal as he prepares to meet Putin in Bishkek.
South Africa has paid R56.3-billion more for fuel since the Iran war closed the Strait of Hormuz, exposing the country’s energy vulnerabilities.
Iran and Oman negotiate temporary shipping corridor through Strait of Hormuz, six months after strategic waterway became paralysed by conflict.
Iran and Oman negotiate a mine-clearing plan and temporary corridor for the Strait of Hormuz, but Tehran warns it will not reopen unless the US ends the war.
Six months into Middle East war, Strait of Hormuz remains largely paralysed with thousands of sailors stranded and traffic drastically reduced.
Iranian President Pezeshkian says Tehran should end war with US now whilst in position of power and dignity.