Iraq has suspended all operations at its strategic oil terminals following attacks on two foreign oil tankers in the port of al-Faw. The assaults involved explosive-laden boats targeting vessels that had recently loaded crude oil at Umm Qasr port in Basra Province. Farhan al-Fartousi, head of Iraq’s General Company for Ports, confirmed the suspension to
China has issued a firm diplomatic warning rejecting any foreign strikes on the newly appointed Supreme Leader of Iran, signaling what officials describe as a red line in an intensifying Middle East conflict sparked by U.S. and Israeli military operations. Beijing’s statement, delivered on March 9 by Foreign Ministry spokesman Guo Jiakun, underscores China’s broader push
Oil Prices Cross $100 a Barrel as Iran Conflict Shakes Global Markets. Global oil prices have surged past $100 per barrel for the first time since 2022, as escalating tensions in the Middle East threaten global energy supplies and trigger concern among world leaders. The sharp rise comes amid the ongoing conflict involving Iran, the