Iran’s military command warned that oil prices could surge to $200 a barrel as tensions escalate in the Gulf, where three more ships have reportedly been struck amid the blockade of the Strait of Hormuz.
Tehran launched new strikes against Israel and targets across the Middle East, signalling it can still retaliate and disrupt global energy supplies despite what the Pentagon described as the most intense US-Israeli attacks so far.
Around a fifth of the world’s oil normally passes through the Strait of Hormuz, but shipping has been severely disrupted, marking the biggest shock to energy flows since the 1970s oil crises.
“Get ready for oil to be $200 a barrel,” military spokesperson Ebrahim Zolfaqari warned the United States, linking prices to regional instability.
Oil briefly surged to nearly $120 earlier this week but has since eased to around $90, as investors bet Washington may still find a way to de-escalate the conflict and reopen the vital shipping route.
via Reuters
Caritas Italia assisted 282,539 people in 2025, equivalent to the same number of family units as its support is directed at the needs of entire households, according to its annual report...
The European Parliament on Tuesday approved new rules aimed at strengthening the contractual position of farmers and helping to stabilise their incomes.
MEPs adopted the legislation b...
Updated 1220
PN Casual Elections Bring New Faces and Parliamentary Returns: The Nationalist Party’s casual elections filled seven parliamentary seats vacated by candidates elected on ...
Updated - 1200
Fiscal Council Warns Malta’s €900 Million Investment Target Faces Significant Risks: The Malta Fiscal Advisory Council has warned that the government’s planned €900 mil...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
GO ENERGI is offering households the opportunity to take advantage of the Government’s current grants to support PV systems and battery storage through a range of solar energy solutions ...
Malta Public Transport announces a number of network adjustments in connection with the introduction of its Summer Schedule, aimed at meeting seasonal passenger demand and improving serv...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
The European Union has approved new rules aimed at tightening the screening of foreign investments in strategic sectors, marking a major shift in Europe’s approach towards economic secur...
GO ENERGI is offering households the opportunity to take advantage of the Government’s current grants to support PV systems and battery storage through a range of solar energy solutions ...
Malta Public Transport announces a number of network adjustments in connection with the introduction of its Summer Schedule, aimed at meeting seasonal passenger demand and improving serv...
U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Te...
The United States launched military strikes against Iran on Tuesday after President Donald Trump said Tehran was responsible for the downing of a U.S. Apache helicopter near the Strait o...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine is accelerating reforms to align its banking and insurance sectors with EU standards by 2028 despite wartime challenges, to buttress investor confidence and deepen economic inte...
The Kyiv Pechersk Lavra monastery, a symbol of Ukrainian spiritual and cultural history whose golden domes have towered over the capital for almost a millennium, was set ablaze on Monda...
