Iran's oil exports from the key island of Kharg have increased even as the war with the United States and Israel rages, Iranian media reported on Saturday.
Iran shot down two U.S. military planes in separate attacks Friday, with one service member rescued and at least one missing, in a dramatic escalation since the war began nearly five weeks ago.
The U.S. military pressed ahead Saturday in a frantic search for a missing pilot after Iran shot down an American warplane, as Iran called on people to turn the pilot in, promising a reward.
The Iranian military has shot down a US F-35 fight jet over its territory, local media outlets, including Tasnim news agency, have claimed. US officials confirmed the loss of an F-15 jet and claimed that one pilot has been rescued.
A sweeping narrative links global finance, philosophy, and geopolitics, arguing that modern economic systems are engineered “shadows” shaped by centuries of power consolidation
With the Strait of Hormuz largely shut, global oil prices have surged, shaking markets worldwide. Meanwhile, a proposal from former Iranian diplomat Mohammad Javad Zarif hints at possible negotiations, though fighting continues and uncertainty dominates the region.
Strikes on key sites, rising civilian casualties, and Iran’s continued attacks across the Gulf are intensifying fears of a prolonged war. Meanwhile, global efforts to reopen the Strait of Hormuz remain stalled, driving oil prices higher and deepening economic uncertainty worldwide.
Petroleum prices surged sharply as the government raised petrol to Rs458.41 and diesel to Rs520.35 per litre, citing rising global oil prices driven by Middle East tensions.
