Oil prices rise after Trump remarks on Iran ceasefire Oil prices rose worldwide after Trump suggested ending the ceasefire with Iran during remarks at the Nato summit in Ankara. Brent crude rose 5. 8 percent to $78.
A renewed Middle East flare-up pushed energy prices higher and European shares lower on Wednesday, raising fears that another oil and gas shock could disrupt Europe's disinflation and fragile recovery LONDON, July 8 (Xinhua) -- A fresh flare-up in the Middle East sent energy prices sharply higher an
DUBAI/LONDON: Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the Red Sea, a move that would allow the kingdom and potentially neighboring Middle East states to export more oil without relying on the Strait of Hormuz, five sources familiar with the matter said.
Washington D. C. [US], July 8, (ANI): Global crude oil prices surged more than 5 per cent on Wednesday after the US launched fresh strikes on Iran in retaliation for Tehran striking commercial vessels in the Strait of Hormuz.
Ireland passes bill banning goods from Israel-occupied settlements in West Bank and Jerusalem Submitted by Fleur Hargreaves on Wed, 07/08/2026 - 11:25 The legislation, which requires final approval from the house, would be among the most severe trade restrictions on Israel from a European nation Supporters of the Irish band Kneecap fly Palestinian and Irish flags outside Westminster Magistrates' Courts in London on 20 August 2025 (AFP/Justin Tallis) Off The Irish parliament on Tuesday approved legislation to prohibit the import of products from Israeli settlements in the occupied Palestinian territories of the West Bank and East Jerusalem. Named the Israeli Settlements (Prohibition of Importation of Goods) Bill, the draft legislation aims to restrict goods originating from “certain Israeli settlements” that lie outside of Israel’s internationally recognised borders. The proposed law states that it is designed to abide by Ireland’s “international legal obligation, as identified by the International Court of Justice [ICJ] in its advisory opinion of 19 July 2024”.
Mumbai (Maharashtra) [India], July 8 (ANI): Market experts and economists have cautioned that a prolonged US-Iran standoff could push India's crude oil import basket well beyond USD 75 per barrel, raising the country's import bill, stoking inflationary pressures and weighing on the current account, even as India's diversified sourcing strategy is expected to cushion supply disruptions.
Businesses report blocked payments from Saudi Arabia to the UAE, raising fears of worsening ties Submitted by Elis Gjevori on Wed, 07/08/2026 - 10:50 Companies say Saudi transfers to UAE accounts have slowed as tensions between the Gulf countries resume following the Israeli-US war on Iran Cars drive along the King Fahad road in the Saudi capital Riyadh on 3 March (Fayez Nureldine/AFP) Off Saudi Arabia has reportedly delayed or blocked money transfers to accounts in the United Arab Emirates . The reports have raised fears that a widening political rift between the Gulf neighbours is now hitting trade. Several sources told the Financial Times that payments from Saudi banks to UAE-based accounts belonging to companies and individuals in Dubai had been returned or held up since May, often without explanation.
TEHRAN (Tasnim) – Iran’s ambassador to the United Nations condemned the decades-long US economic, commercial, and financial embargo on Cuba, warning that unilateral sanctions undermine international law, violate the UN Charter, and harm ordinary people.
TEHRAN (Tasnim) – Iran’s Foreign Ministry condemned the US decision to revoke the oil sanctions waiver, describing the move as a flagrant violation of Clause 10 of the Islamabad MoU and warning that Washington will bear responsibility for the consequences of its breach of commitments.
New posts 11:11 Oil Prices Rise 5 Percent After Trump Says Deal 'Is Over' Moments after US President Donald Trump said thedeal with Iran had ended,oil prices on global markets rose by more than 5 percent. Brent Crude rose 5. 3 percent to $78 a barrel, while West Texas Intermediate crude rose 5.
New posts 13:24 European Aviation Agency Advises Airlines To Avoid Iranian Airspace The European Union Aviation Safety Agency (EASA) said on July 8 that airlines should avoid the airspaces of Iran, Iraq, and Lebanon until August 31 amid ongoing tensions in the Middle East and the potential for more military action.
Oil prices jump 5 percent after Trump says Iran ceasefire over International benchmark Brent North Sea crude jumped 5. 3 percent to $78. 09 a barrel, while the main US contract, West Texas Intermediate, advanced 5.
TEHRAN (Tasnim) – Iran’s Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi slammed the US’s decision to revoke the sanctions waiver permitting the sale of Iranian oil as a flagrant violation of a Pakistan-mediated memorandum of understanding signed between Tehran and Wash
Tehran [Iran], July 8 (ANI): Iran's Ministry of Foreign Affairs on Wednesday strongly condemned the United States' decision to revoke a temporary suspension of sanctions on Iranian oil sales, calling it a 'clear violation' of Article 10 of the Islamabad Memorandum of Understanding (MoU) signed on June 18.
Washington DC [US], July 8 (ANI): The United States has revoked a general licence that authorised the sale of Iranian oil, saying Tehran's actions in the Strait of Hormuz were 'wholly unacceptable' and would have consequences following recent attacks on commercial tankers, The Times of Israel reported.
The military operation came hours after the U. S. Treasury revoked a waiver allowing global sales of Iranian oil.
For just over two weeks, Iran had something it had not held in decades: a US authorization opening the way for the sale of its oil. On Tuesday, after tanker attacks near the Strait of Hormuz, Washington took it back.
Iran accuses US of breaching MoU over oil sanctions waiver Iran's Foreign Ministry has accused the US of breaching Article 10 of the memorandum of understanding by cancelling a temporary waiver on sanctions targeting Iranian oil sales. In a statement, the ministry condemned the US Treasury's move, calling it a "clear violation" of the memorandum signed on 18 June. It said the decision, taken less than 20 days after the signing of the memorandum, showed "bad faith" and proved that the US administration could not be trusted.
US cancels waiver allowing Iran oil sales as Gulf vessels attacked Submitted by MEE staff on Tue, 07/07/2026 - 21:38 Qatar and Saudi Arabia said their vessels were attacked by Iran as they transited the Strait of Hormuz The 'Al-Yarmouk' oil tanker sails in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026 (Yasser al-Zayyat/AFP) Off The Trump administration on Tuesday revoked a licence that temporarily lifted oil sanctions on Iran after several vessels came under attack in the Gulf, removing the main economic incentives that saw it agree to an end to the war in the Middle East. The Trump administration made the decision after Qatar and Saudi Arabia said their vessels came under attack from Iran. Brent, the international benchmark, jumped nearly five percent amid the rising tensions.
No 'magic wand': Trump faces layers of resistance on Turkey F-35 deal Submitted by Sean Mathews on Tue, 07/07/2026 - 19:56 The US president says he is 'lifting sanctions' on Turkey, but the pathway to closer defence ties is not clear-cut Turkish President Recep Tayyip Erdogan, left, hosts US President Donald Trump for a state ceremony at Bestepe Presidential Compound in Ankara, on the sidelines of the Nato Summit, on 7 July 2026 (Saul Loeb/AFP) Off President Donald Trump says he will lift sanctions on Turkey and overturn a ban on selling the US ’s Nato ally F-35 warplanes, but experts say he has “no magic wand” to do so without buy-in from Congress. “We’re going to be taking the sanctions off,” Trump said on Tuesday, sitting next to his Turkish counterpart, Recep Tayyip Erdogan, at his presidential palace in Ankara. “We don’t want to sanction friends.
