US Imposes Sanctions on Iranian Oil Trade Amid Ceasefire Progress

US Imposes Sanctions on Iranian Oil Trade Amid Ceasefire Progress

The United States government imposed new sanctions on Iran’s military oil trade on Thursday, May 28, even as Washington and Teheran reached a tentative agreement to extend their ceasefire and lift shipping restrictions through the Strait of Hormuz, as reported by Businesstimes. The restriction targets the financial infrastructure supporting the Iranian armed forces, blocking global…

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Middle East Conflict Strains Global Energy and Impacts Economies

Middle East Conflict Strains Global Energy and Impacts Economies

The heads of key international organizations including the International Energy Agency, International Monetary Fund, World Bank, and World Trade Organization have raised alarms about the Middle East conflict’s impact on global energy supplies and economies. The ongoing U.S.-Israel war on Iran has caused significant disruptions in trade and financial markets, disproportionately affecting vulnerable economies worldwide….

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Iran’s active role in Eurasian bloc reflects its strong commitment to development: President

Iran’s active role in Eurasian bloc reflects its strong commitment to development: President

Iranian President Masoud Pezeshkian says the Islamic Republic’s active participation in high-level meetings of the Eurasian Economic Union (EAEU) demonstrates Tehran’s determination to expand trade and economic relations with all five member states and observer countries. In a message to the meeting of the Supreme Eurasian Economic Council on Friday, Pezeshkian said Iran has remained…

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Airfares to Rise Again as US-Israel-Iran War Drives Jet Fuel Prices Up 121% and Squeezes Middle East Travelers

Airfares to Rise Again as US-Israel-Iran War Drives Jet Fuel Prices Up 121% and Squeezes Middle East Travelers

Passenger demand plummets Middle Eastern airlines experienced a 46.6 per cent year-on-year drop in passenger demand in April 2026. This collapse in the Middle East also dragged the entire global passenger market down into a 3.4 per cent contraction. However, there seems to be a silver lining. The numbers also mark a noticeable improvement from…

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