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Iran says maritime restricted zone to extend into Gulf of Oman, Arabian Sea

Iran states it struck two US destroyers; US CENTCOM denies attack occurred Iran’s Revolutionary Guards said on Wednesday that a maritime restricted area would extend from Chabahar in Iran into parts of the Gulf of Oman and the Arabian Sea, with its precise coordinates to be announced. The announcement follows comments on Sunday by Mohsen […]

Oil prices set for weekly gain as US-Iran hostilities intensify

Brent crude futures down 47 cents or 0.49% at $95.05 Oil prices eased on Friday but were still headed for a ‌weekly gain as rising US-Iran tensions heightened concerns over Middle East supply risks. Brent crude futures were down 47 cents or 0.49% at $95.05 a barrel by 1:13pm PKT, while US West Texas Intermediate crude futures lost […]