Iranian lawmakers have proposed a plan to impose tolls and taxes on ships passing through the strategic Strait of Hormuz, local media reported on Thursday.
Oil prices soared 10 percent Thursday after Qatar reported "extensive" damage to the world's largest liquefied natural gas (LNG) facility following Iranian strikes, sparking fears for global energy supplies.
Iran missile barrage hits Qatar’s Ras Laffan Industrial City, disrupts global gas supply. The escalation follows Israeli strikes on Iran’s South Pars field, intensifying a conflict that now threatens global energy supplies and risks triggering a prolonged economic shock.
President Donald Trump issued a stark warning, threatening overwhelming retaliation if Iran escalates further. With energy infrastructure under fire and the Strait of Hormuz at risk, global oil and gas markets are facing unprecedented disruption.
Israel said it would halt UN children's fund shipments to Gaza from Egypt after it said it had foiled an attempt to smuggle tobacco and nicotine in UNICEF-coordinated shipments Tuesday.
Iran targeted Tel Aviv with missiles carrying cluster warheads in what it said was retaliation for Israel’s assassination of Iran’s security chief Ali Larijani, Iranian state television reported on Wednesday.
An Iranian projectile hit near Australia's military headquarters for the Middle East in the United Arab Emirates on Wednesday but caused no injuries, Prime Minister Anthony Albanese said.
Iran will hold a funeral Wednesday for its security chief Ali Larijani as it vowed revenge, firing off a wave of missiles at Israel after it killed the powerful figure in an air strike.
Iran has restricted maritime traffic, while tensions escalate further with the reported killing of security chief Ali Larijani and the IAEA urging maximum restraint at the Bushehr nuclear plant.
President Zelenskyy warned that Iran-Russia cooperation in drone warfare poses a growing global threat, offering Ukraine’s advanced interception technology to allies amid rising regional tensions.
