The Network · 2026-04-19 22:52:27 · Japan Times
The U.S. military has executed its first seizure of an Iranian ship as part of a newly enforced naval blockade in the Gulf, a direct action that immediately imperils fragile diplomatic negotiations. This move marks a significant escalation from maritime posturing to physical enforcement, raising the stakes in a region ...
The Network · 2026-04-28 17:54:07 · Bloomberg Markets
The United Arab Emirates has notified OPEC of its intent to withdraw from the organization effective next month, according to sources familiar with the matter. The move comes as oil markets face mounting strain from supply disruptions tied to the ongoing conflict involving Iran, creating new uncertainty over the bloc's...
The Network · 2026-05-08 15:54:43 · Bloomberg Markets
The Strait of Hormuz, through which roughly one-fifth of the world's oil passes, has effectively shut to commercial traffic after the United States and Iran exchanged strikes on assets in and around the critical waterway. The confrontation, which unfolded overnight, marks a significant escalation in already tense US-Ir...