Iranian Navy Seizes Violating Oil Tanker in Sea of Oman
TEHRAN (Tasnim) – The Iranian Navy has seized a violating oil tanker identified as OCEAN KOI for attempting to disrupt Iran’s oil exports, the Army announced on Friday.
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EU tells airlines passenger rules maintained despite Iran crisis
EU tells airlines passenger rules maintained despite Iran crisis The European Commission on Friday told airlines that the impact of the Iran war on the jet fuel market is not severe enough to allow airlines to charge passengers a fuel hike surcharge, or to avoid compensation payments for cancelled flights. All passenger protection rules remain unchanged, the commission said. Airlines could only be exempted from paying financial compensation to passengers in case of a flight cancellation due to local fuel shortages, the EU Commission said in a series of guidelines issued for airlines, confirming a Thursday report from Reuters.
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Work equipment shortages squeeze Iranian livelihoods
Rising fertilizer prices and shortages of basic work equipment are squeezing Iranian farmers, laborers and small business owners as inflation, unemployment and falling purchasing power deepen during the fragile ceasefire.
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Iran army says seized oil tanker in Sea of Oman
Iran army says seized oil tanker in Sea of Oman Iran has seized the oil tanker Ocean Koi over an alleged attempt to disrupt Iran's oil exports, Iranian state media said on Friday.
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Toyota sees 20 percent drop in annual profit as Iran war weighs
Toyota sees 20 percent drop in annual profit as Iran war weighs Toyota forecast a 20 percent decline in profit for the current financial year on Friday, as cost and supply uncertainties stemming from the Iran war weigh on earnings even as robust demand for its hybrid models powers sales growth. The world's top-selling automaker expects an operating income of 3. 0 trillion yen ($19 billion) in the year to March 2027, compared with a result of 3.
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Iraq denies US claims deputy oil minister helped Iran evade sanctions
Iraq denies US claims deputy oil minister helped Iran evade sanctions Iraq's oil ministry has denied US accusations against its deputy minister, who the United States hit with sanctions over alleged support to Iran, as Washington escalates pressure on Baghdad to break with Iranian-linked groups. The US State Department on Thursday announced sanctions on Ali Maarij al-Bahadli, saying he "abused his government position to divert Iraqi oil in support of the Iranian regime and its terrorist proxies. " It accused him of fraudulently mixing Iraqi and Iranian oil as part of a scheme to help Iran avoid sanctions.
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Oil tanker reaches South Korea after passing Hormuz blockade
Oil tanker reaches South Korea after passing Hormuz blockade An oil tanker that passed through the Strait of Hormuz arrived in South Korea on Friday, the first such vessel to reach the Asian nation by that route since Iran declared the critical waterway closed. South Korea relies heavily on Middle Eastern fuel imports, most of which transited through Hormuz until US-Israeli attacks on Iran in late February prompted Tehran to effectively shut the strait. The arrival of the Malta-flagged Odessa, carrying one million barrels of crude oil, will likely ease Seoul's concerns over energy security as the Iran war drags on.
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Iran can survive the US blockade on Hormuz for months: Report
Iran can survive the US blockade on Hormuz for months: Report Iran is able to outlast the US naval blockade on the Strait of Hormuz for at least three to four months, the Washington Post revealed based on a confidential CIA analysis. According to sources familiar with the document, Tehran also possesses significant ballistic missile capabilities despite intense bombardment of its sites during the war. A US official who spoke to the daily said they believe Iran’s capacity to endure economic hardship is beyond what CIA estimates indicated.
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US sanctions Iraqi oil official, Iran-linked militia leaders over alleged oil diversion, terror financing
Washington DC [US], May 8 (ANI): The United States on Thursday (local time) imposed sanctions on an Iraqi oil ministry official and senior Iran-backed militia leaders, accusing them of facilitating oil smuggling operations and supporting terrorism-linked activities in Iraq.
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Hundreds of Iranian nationals detained by ICE amid June 2025 attack on Iran
Hundreds of Iranian nationals detained by ICE amid June 2025 attack on Iran Submitted by MEE staff on Thu, 05/07/2026 - 21:45 More than 500 Iranian nationals were in US detention as late as December 2025, amid a wartime crackdown US Immigration and Customs Enforcement agents patrol Terminal C at LaGuardia Airport in New York City, on 24 March 2026 ( Michael M Santiago/Getty Images/AFP) Off US Immigration and Customs Enforcement (ICE) detained hundreds of Iranian nationals during the June 2025 attack on Iran, according to US government data obtained by the National Iranian American Council under a Freedom of Information Act (FOIA) request. “ICE conducted a major surge of arrests of Iranians amid the June 2025 war,” with 220 arrests in June and 80 in July 2025, the National Iranian American Council (NIAC) said on Wednesday. The crackdown came as the US capped off an Israeli attack on Iran by bombing the Natanz, Fordow and Isfahan nuclear complexes.
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US could drill for oil under military bases Bloomberg
The move is reportedly being considered with an eye toward refilling emergency reserves further depleted amid the war on Iran The administration of US President Donald Trump is considering extracting oil from beneath military bases to refill the depleted Strategic Petroleum Reserve, according to Bloomberg.
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Gas prices surge as Hormuz disruption squeezes oil supply
NEW YORK CITY, New York: U. S. drivers are paying sharply higher prices at the pump, with gasoline costs rising about 50 percent since the start of the Iran war, driven by a global energy crunch.
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'Shutdown': Moody's expects Dubai hotel occupancy to plummet to 10 percent
'Shutdown': Moody's expects Dubai hotel occupancy to plummet to 10 percent The US-based financial analysis firm Moody's predicts that hotel occupancy in Dubai is set to plummet to 10 percent from a pre-war figure of 80 percent in the second quarter of the year, which ends on 1 July, The Wall Street Journal reported on Wednesday. "This represents an effective shutdown of large parts of the hospitality sector," Moody’s said. Dubai is facing an existential crisis with the US-Israeli war on Iran, which began on 28 February, forcing visitor numbers to fall sharply and leading to widespread hotel closures and job losses while decimating the global tourism hotspot's hospitality sector.
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'Shutdown': Moody's expects Dubai hotel occupancy to plummet to 10 percent
'Shutdown': Moody's expects Dubai hotel occupancy to plummet to 10 percent Submitted by MEE staff on Thu, 05/07/2026 - 15:55 The UAE's tourism sector has been in crisis since the US-Israeli war on Iran began on 28 February Emirati army helicopters fly past the hotel, Atlantis The Royal, in Dubai, UAE, on 16 January 2026 (Fadel Senna/AFP) Off The US-based financial analysis firm Moody's predicts that hotel occupancy in Dubai is set to plummet to 10 percent from a pre-war figure of 80 percent in the second quarter of the year, which ends on 1 July, The Wall Street Journal reported on Wednesday. "This represents an effective shutdown of large parts of the hospitality sector," Moody’s said. Dubai is facing an existential crisis with the US-Israeli war on Iran, which began on 28 February, forcing visitor numbers to fall sharply and leading to widespread hotel closures and job losses while decimating the global tourism hotspot's hospitality sector.
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Oil trader pockets reported $125 mn on suspiciously well-timed Iran bet - media
The alleged trade came shortly before reported progress toward US-Iran deal to end the war, raising suspicions of insider information A massive crude oil bet placed shortly before reports of a possible US-Iran peace deal sent prices crashing and fueled suspicion of insider trading, after the positio
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World oil prices drop 5 percent on hopes over US-Iran talks
World oil prices drop 5 percent on hopes over US-Iran talks Global oil prices fell more than five percent on Thursday, amid hopes that ongoing talks would bring an end to the war on Iran. International benchmark, Brent North Sea crude, shed 5. 1 percent to $96.
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Gulf states paused Trump's 'Project Freedom' by cutting US access to airspace and bases
Gulf states paused Trump's 'Project Freedom' by cutting US access to airspace and bases Submitted by MEE staff on Thu, 05/07/2026 - 10:36 Saudi Arabia was reportedly frustrated by the US announcement of a plan to reopen Strait of Hormuz The Iran-flagged container vessel Hamouna anchored in the Strait of Hormuz off Bandar Abbas, in southern Iran, on 2 May 2026 (ISNA news agency/AFP) Off US President Donald Trump’s abrupt reversal on his plans to ensure the passage of ships through the shuttered Strait of Hormuz came after Saudi Arabia and Kuwait suspended US access to airspace and bases. Citing two US officials, NBC News reported that Saudi Arabia suspended US access to Prince Sultan Airbase and Saudi airspace after Trump announced "Project Freedom" on social media on Sunday afternoon. The kingdom, frustrated by the announcement, informed the US that it would not support the plan.
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Satellite Data Shows Two Iranian Tankers Slipping Past US Naval Blockade
TEHRAN (Tasnim) – A global oil shipment tracking website reported on Thursday that two Iranian tankers have successfully navigated through an illegal US naval blockade of Iranian ports.
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US-sanctioned empty tankers continue arriving near Gulf blockade zone: Report
Delaware [US], May 7 (ANI): Cargo-empty oil tankers sanctioned by the United States are continuing to arrive in the Gulf region despite the ongoing US naval targeting of Iranian ports, according to vessel monitoring service TankerTrackers.
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Gold's safe-haven status under pressure as Iran conflict fails to lift prices: Morgan Stanley
New Delhi [India], May 7 (ANI): Gold's traditional reputation as a safe-haven asset is facing fresh scrutiny after prices declined during the ongoing Iran conflict, according to a report by Morgan Stanley. The report noted that despite heightened geopolitical tensions, gold has underperformed several major asset classes, raising questions over its reliability during periods of crisis.
