Oil prices rose 40% during the Middle East crisis: How this could impact petrol prices in the UAE / Image: File While the Gulf region tops some of the world’s largest oil reserves, the prices we pay at the pump are not immune to the global chaos. Following recent changes in international policy and rising…
Available for 29 days Iranian President Massoud Pezeshkian has said that Iran will stop attacking its neighbors unless there is an attack from their side; He apologised for Tehran’s attacks on those countries last week. President Trump referred to that apology in a post on social media, saying, “This promise was made only because of…
For years, geopolitical analysts had warned us that the most dire of all scenarios for the world economy was the closure of the Strait of Hormuz. Well, now, in practice, that is exactly what has happened. Shipping through this narrow channel, the gateway to the Persian Gulf, has declined to near zero. This situation has…
The consultancy firm founded by Lord Mandelson is on the verge of going into administration, a member of staff told Sky News. The Global Council (GC), which severed its ties with the former government minister and ambassador to the US earlier this month over his links with late paedophile financier Jeffrey. Approximately 130 employees are employed….
Recent geopolitical tensions and Trump tariffs on India point to the need for India to step up focus on its energy security. (AI image) Oil is often referred to as “black gold” because it is the fuel that drives economic growth, and securing oil supplies is becoming increasingly crucial in a world filled with geopolitical…
