Washington reportedly expects Tehran to accept its terms after talks in Oman on Saturday The US is demanding that Iran publicly declare the strategic Strait of Hormuz fully reopened to navigation and pledge not to attack tankers transiting the waterway, which carries around a quarter of the wo
Washington DC [US], July 11 (ANI): The United States on Friday imposed sanctions on Dubai-based Iranian 'financier' Ali Ansari, following Tehran's resumption of attacks on international shipping in the Strait of Hormuz.
US issues fresh Iran-related sanctions The US issued new Iran-related sanctions on Friday targeting a key financier for Iran's new leader, Mojtaba Khamenei and 13 other individuals and entities, following Tehran's resumed attacks on oil tankers in the Strait of Hormuz, the Treasury Department said. The sanctions took aim at Ali Ansari, an Iranian banker and businessman based in Dubai who had previously been sanctioned by Britain for his role in financially supporting the activities of Iran's Revolutionary Guards and other entities, Treasury said. Treasury said Ansari had diverted publicly funded wealth into an extensive overseas portfolio of real estate and commercial holdings to enrich himself, government elites, and the Islamic Revolutionary Guard Corps (IRGC).
Companies desperately want to get their ships moving through the Strait of Hormuz, but face mounting risks. “Things are becoming uglier by the minute,” one executive said.
UAE oil production hits record high after leaving Opec Submitted by Sean Mathews on Fri, 07/10/2026 - 17:24 The Gulf state's surging production shows how it has worked around Iran's control of the Strait of Hormuz An Abu Dhabi National Oil Company facility in the United Arab Emirates, on 3 March 3 2026 (Ryan Lim/AFP) Off The UAE boosted oil production to an all-time high last month, shaking off concerns about Iran’s control of the Strait of Hormuz and capitalising on its departure from the Saudi -led energy alliance Opec. The UAE pumped 4. 1 million barrels per day (bpd) of oil in June, the International Atomic Energy Agency (IAEA) said in a report released on Friday.
Russia open to Turkey selling S-400 air defence systems to UAE, sources say Submitted by Ragip Soylu on Fri, 07/10/2026 - 16:13 Sources say negotiations have been under way for months, but Moscow’s final approval is still required A Russian military cargo plane unloading an S-400 missile defence system at the Murted military airbase, northwest of Ankara, in August 2019 (AFP) Off The Russian government views the potential sale of S-400 air defence systems currently operated by Turkey to the United Arab Emirates in a “positive light”, multiple sources familiar with the issue told Middle East Eye, while cautioning that negotiations have yet to be completed. The Russian S-400 systems, purchased by Turkey in 2019, have been a major headache for Ankara. The acquisition led to Turkey’s removal from the fifth-generation F-35 fighter jet programme and triggered a series of US sanctions on Turkey’s defence industry.
The Strait of Hormuz disruption is set to trigger the first annual decline in crude consumption since Covid-19, the energy watchdog says Global oil demand is on track to post its first annual decline since the Covid-19 pandemic as the US-Iran war has severely disrupted Middle Eastern oil production and exports, the International Energy Agency (IEA) has said.
Britain has enacted legislation creating powers that could allow the government to designate Iran's Islamic Revolutionary Guards Corps under a new legal framework targeting organizations linked to hostile foreign state activity as of July 2026.
Geece cuts fuel prices as Iran war strains household budgets Greece has announced temporary cuts to petrol and diesel prices as the US-Israeli war on Iran drives up costs across Europe. Prime Minister Kyriakos Mitsotakis told parliament on Friday that the country’s two main oil refineries had agreed to reduce prices until the end of August. “Fuel prices will drop by 10 cents per litre and diesel fuel will drop by 5 cents per litre,” he said.
The European Association of Nuclear Medicine (EANM) has barred Iranian citizens from attending its congresses, regardless of where they live, citing European Union sanctions, according to a letter obtained by Iran International.
Energy agency expects global oil demand to fall in 2026 Global oil demand will fall by about one million barrels a day in 2026 as the war between the United States and Iran weighs on the world economy, the International Energy Agency has said. The agency warned that the fighting was creating fresh uncertainty for consumers, businesses and energy markets. Higher risks around shipping and supply could weaken demand further if the conflict escalates.
Tankers transit Hormuz despite renewed US-Iran tensions Vessels transporting liquified natural gas (LNG) have resumed passage through the Strait of Hormuz in recent days, according to ship-tracking data, with authorities in Tokyo reporting that 22 Japan-linked ships have left the Gulf since Tuesday. Despite renewed fighting between the US and Iran, data from Kpler and LSEG has showed at least five LNG tankers entering the strait, including from China, Greece and Qatar. The Japanese transport minister also said that of their six large crude oil tankers had transited the strait between 7-9 July, leaving only four vessels in the Gulf.
Iran fast-tracks 11 million barrels of oil: Report Iran has rushed out five supertankers and one Suezmax vessel carrying roughly 11 million barrels of crude in the past 24 hours, as strikes between the US and Iran threaten to escalate into another blockade on its ports, Bloomberg reported on Thursday. Four of the vessels leaving Iranian ports today signalled positions in the Gulf of Oman, and another was transiting the Strait of Hormuz, according to Bloomberg's tanker-tracking data. The vessels were dispatched immediately after a second day that US military strikes targeted civilian infrastructure, killing 14 people and injuring 78, leaving 47 in hospital, according to Iranian health ministry spokesperson Hossein Kermanpour.
Iran fast-tracks 11 million barrels of oil as Trump threatens blockade Iran has rushed out five supertankers and one Suezmax vessel carrying roughly 11 million barrels of crude in the past 24 hours, as strikes between the US and Iran threaten to escalate into another blockade on its ports, Bloomberg reported on Thursday. Four of the vessels leaving Iranian ports today signalled positions in the Gulf of Oman, and another was transiting the Strait of Hormuz, according to Bloomberg's tanker-tracking data. The vessels were dispatched immediately after a second day that US military strikes targeted civilian infrastructure like railway bridges, killing 14 people and injuring 78, leaving 47 in hospital, according to Iranian health ministry spokesperson Hossein Kermanpour.
Hormuz traffic falls sharply, especially through UN-backed Omani route Shipping traffic passing through the Strait of Hormuz has fallen sharply since Wednesday, especially via the UN-back Omani passageway, after the United States and Iran traded renewed strikes and vessels were attacked earlier in the week. Although flows had reached their highest levels since the war began after a ceasefire was agreed between the two sides, the recovery appears to have stalled, with only six commodity tankers reportedly making it through the strait so far on Thursday and 21 vessels transiting on Wednesday, according to Kpler data reported by AFP. The only day with less traffic since the US-Iran truce was signed was on 28 June, when just 19 ships crossed the day after a tanker was attacked off Oman.
Data shows a decline in the number of ships - many carrying oil and gas - going through the waterway after attacks this week.
Why Britain must sanction Netanyahu Submitted by Peter Oborne on Wed, 07/08/2026 - 15:08 The Israeli leader is a fugitive from justice who has presided over a genocide for nearly three years. What are we waiting for? A protester holds a placard picturing Israel's Prime Minister Benjamin Netanyahu and reading "Murdering Bastard" during a Pro-Palestinian march in central London, on 15 March, 2025 (AFP) On Last week, a group of British MPs despatched an open letter to Foreign Secretary Yvette Cooper calling for sanctions on Israeli Prime Minister Benjamin Netanyahu.
By Nikhil Dedha Singapore, July 9 (ANI): Global crude oil prices could revisit the highs seen earlier this year if tensions between the United States and Iran continue to escalate, although Asian refiners are now better prepared to deal with supply disruptions than they were at the beginning of the conflict, June Goh, Senior Oil Market Analyst at Sparta Commodities, told ANI.
The global economy and energy markets remain vulnerable as tensions in the #MiddleEast fuel concerns over a possible renewed conflict between #Iran and the #US. In their latest joint statement, the heads of the #IEA, #IMF, #WorldBank, and #WTO warned that uncertainty remains high despite recent stabilization.
New Delhi [India], July 9 (ANI): Brent crude prices surged sharply on Thursday, reaching USD 78/barrel following the fresh US strikes on Iran and renewed concerns over supply disruptions in the Middle East. Brent crude was trading at USD 78. 68/barrel, up 0.
