Tuesday, August 25, 2026

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April 30, 2026 10:13 AM

Iran Rial hits record low as US blockade tightens pressure

Tensions between the United States and Iran continue to escalate, with Washington signalling it is prepared to sustain a naval blockade of Iranian ports for an extended period, even as the financial cost to the US has crossed 25 billion dollars, acco...

April 29, 2026 11:00 PM

Trump urges Iran to sign a deal and discusses prolonged blockade

Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with U.S. oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to "get smart soon" and sign a deal. Tues...

April 29, 2026 3:01 PM

EXPLAINER-What is OPEC+ and how does it affect oil prices?

The United Arab Emirates, one of OPEC+'s largest producers, will leave the oil producers' alliance on May 1, it said on Tuesday. The Organization of the Petroleum Exporting Countries and allies, including Russia, are known collectively as OPEC+. Las...

April 29, 2026 2:55 PM

Trump hits back at German chancellor after Iran criticism

U.S. President Donald Trump criticized German Chancellor Friedrich Merz over the war in Iran on Tuesday, a day after Merz said the Iranians were humiliating the United States in talks to end it. "The Chancellor of Germany, Friedrich Merz, thinks it...

Last updated on: 25th August 2026

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