The International Energy Agency (IEA) has projected that oil shipments through the Strait of Hormuz are expected to resume in the third quarter of the year, signaling a gradual recovery in one of the world’s most critical energy corridors. However, the agency also warned that traffic volumes are unlikely to return to pre-war levels…
Aysu Bicer 10 June 2026•Update: 10 June 2026 A group of more than 460 former European political figures has written an editorial calling on the EU to take tougher action against Israel over its military operations in Gaza and the occupied West Bank. The signatories include former Irish leaders Leo Varadkar and Eamon Gilmore, as…
Orders for the world’s largest oil tankers have surged to a record high, eclipsing the previous peak reached during the 2008 financial crisis and reviving concerns that a future supply glut could leave shipowners competing more aggressively for cargoes. Supertanker Orders Reach Unprecedented Levels Orders for Very Large Crude Carriers (VLCCs) have climbed to 262…
Baku, June 9, AZERTAC Representatives of Azerbaijan’s Food Safety Agency and Israel’s Ministry of Health held a bilateral meeting to discuss the expansion of food trade, review import requirements, and explore the mutual recognition of food safety systems. The parties also exchanged views on prospects for exporting products of animal origin to Israel. The meeting…
EU’s first Hormuz move: Brussels sanctioned two Iranian officials and an IRGC Navy unit for restricting shipping, marking the first use of its new maritime freedom sanctions regime. Shipping under strain: Despite some covert transits, traffic through the Strait of Hormuz remains far below normal as US and Iranian forces control rival corridors. Regional tensions…
DUBAI, United Arab Emirates (AP) — Israel and Iran appeared to back away from further strikes Monday, hours after they traded fire for the first time since the U.S. agreed to a ceasefire with Tehran two months ago. Both countries warned that they were ready to launch retaliatory attacks if provoked. The renewed hostilities raised…
Türkiye-Saudi Arabia Hejaz Railway Revival Could Redraw Middle East Power Balance, Bypass Strait of Hormuz and Reshape Eurasian Trade – Defence Security Asia Home English Türkiye-Saudi Arabia Hejaz Railway Revival…
Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu announced on Tuesday that Türkiye and Saudi Arabia have signed memorandums of understanding covering railway and logistics cooperation, launching what he described as a new phase of technical exchange, according to the Turkish Transport Ministry. The agreements were inked by Uraloglu and his Saudi counterpart Saleh bin Nasser…
The UK in alliance with a group of other western powers including Australia, France and Norway has announced it is imposing sanctions on six firms and one individual involved in enabling and financing the recent upsurge in settler violence in the West Bank. However, the foreign secretary, Yvette Cooper, disappointed many of her own backbenchers…
Gold prices advanced while crude oil and broader energy markets retreated on Tuesday as investors priced in growing optimism for a diplomatic resolution to the conflict between Washington and Tehran, according to early trading data. Precious metals gain The ounce price of gold rose by 0.6% to $4,340 as of 0610GMT while silver gained 0.4%…
