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Iran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels

If it was indeed Trump's intention to starve Iran's economy of oil export revenue, the plan may just be working: Iran's oil exports fell to their lowest level in at least six years in May as the US naval blockade has succeeded in choking off crude shipments and leave tens of millions of barrels stranded at sea.

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Iran FM Warns American Bases Are Legitimate Targets, Cites 'No Tangible Progress' In Talks

At a moment it's become more than clear that the US and Iran are not anywhere closer to the negotiating table, and after they've shown little progress after a week of clashes - as one Friday morning Bloomberg headline reads, Tehran has again putting US bases in the region on notice, while admitting "no tangible prog…

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Middle East flight updates: British Airways, Cathay Pacific and Air Canada delay Dubai flights | The National

Air travel in the Gulf is ramping up amid a fragile ceasefire between the US and Iran. The UAE's General Civil Aviation Authority announced the full resumption of air traffic operations in the country on May 2 while Qatar, Bahrain and Kuwait reopened their airspace after large-scale closures following the outbreak o…

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Asian shares retreat, led by tech shares, while oil prices are little changed

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, June 5, 2026. (AP Photo/Ahn Young-joon)

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