Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites
By Charles Kennedy of OilPrice.com
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By Charles Kennedy of OilPrice.com
TORONTO (AP) — Canadian miner Sherritt International Corp. announced Tuesday it is no longer pursuing a plan to dissolve its Cuban joint venture, reversing a decision it announced last week amid expanded U.S. sanctions on the country.
The United States has imposed sanctions on four activists for their involvement in the aid flotillas trying to break Israel’s siege on Gaza, alleging without evidence that organisers of the aid vessels are trying to reach the Palestinian territory “in support of Hamas”.
At this point even hawkish Israeli think tank pundits are increasingly admitting that Iran currently has certain leverage and an edge when it comes to dealing with the United States, and the so far stalled and failed peace talks to end the war.
Democratic Representative John Garamendi questioned Admiral Brad Cooper during a hearing on Tuesday over whether the Pentagon believes hostilities between Tehran and Washington have ceased since last month’s ceasefire announcement.
Iran national soccer team players arrive to Antalya, southern Turkey, Monday, May 18, 2026, where they continue their preparations for the upcoming 2026 World Cup. (Tolga Yildirim/DHA via AP)
United States President Donald Trump says Chinese leader Xi Jinping has assured him that Beijing would not send weapons to Iran during the ongoing war.
Europol, the official law enforcement agency of the European Union, announced on Monday that it had disrupted 14,200 online posts linked to Iran’s Islamic Revolutionary Guard Corps.
The Islamic regime held mass public weddings across Tehran for couples who registered their willingness to sacrifice their life as part of the war against Israel in a state-sponsored program, according to footage aired by state TV.
A sign stands at the entrance to the South Texas Family Residential Center in Dilley, Texas. (AP Photo/Eric Gay, File)
LONDON — Oil prices eased Tuesday but remained above $100 a barrel while stocks wavered as investors tracked a potential deal between the US and Iran to end a war that has sent energy prices soaring.
MY last domestic column concluded a series on political dynasties. For nine weeks since, this space tracked a global apocalypse: a catastrophic war ignited by a megalomaniac Trump that decapitated Iran’s leadership, devastated the Middle East, and wrecked the global economy. Yet, following this American defeat — a d…
Esta fotografía sin fecha publicada por la agencia estatal WAM de los Emiratos Árabes Unidos muestra la central nuclear de Barakah, en construcción, en el desierto occidental de Abu Dabi. (Arun Girija/Emirates Nuclear Energy Corporation/WAM vía AP, Archivo)
The EU will turn to a long-term strategy involving cow dung to stave off a looming fertilizer shortage, rather than supporting farmers with immediate measures like suspending tariffs on Russian and Belarusian imports, Politico wrote on Monday.
BRUSSELS — Europe is now unlikely to face a jet fuel supply crisis and major flight disruptions in the coming weeks — a big change from the dire warnings of just a few weeks ago.
The Treasury’s move came after Iran said its latest peace proposal to the US involved ending hostilities on all fronts
The Treasury’s move came after Iran said its latest peace proposal to the US involved ending hostilities on all fronts
The Islamic regime’s latest wave of financial crackdowns is aimed at shielding its loyalists while ensuring that Iranians who do not subscribe to the regime’s Shi’ite ideology or fall in line with the regime’s demands continue to bear the brunt of the country’s deepening economic crisis, experts told The Jerusalem P…
US President Trump said that he was "an hour away" from making the decision to attack Iran today before several Middle Eastern governments called to ask him to wait several days, while talking to reporters on Tuesday.
Farmworkers carry rice saplings for planting in India. Agriculture accounts for a substantial share of economic activity in India and Southeast Asia. © Reuters
Trump said the US may need to hit Iran again and he was only an hour away from deciding on a strike before he postponed
Motorists in the UK have faced higher fuel costs since the US-Israel war with Iran began on 28 February.
Attack marks first time military action has forced a fully operating nuclear power plant to rely on backup generators
The US has imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks.
This undated photograph released by the United Arab Emirates’ state-run WAM news agency shows the under-construction Barakah nuclear power plant in Abu Dhabi’s Western desert. (Arun Girija/Emirates Nuclear Energy Corporation/WAM via AP, File)
In a huge and unexpected announcement, amid stalled US-Iran peace talks - which have proven a failure and illusive thus far, NATO now says it could deploy military assets to forcibly reopen the Strait of Hormuz. Per breaking newswires Tuesday late morning:
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On May 14 and 15, Lebanon and Israel held the third round of direct negotiations in Washington, the first at the level of delegations, after two meetings between the country’s ambassadors. There is a large gap between the two sides, but there was a success when they agreed to extend their so-called ceasefire by 45 d…
The United States has announced another 30-day extension of a sanctions waiver for countries buying Russian oil and petroleum products currently already loaded on tankers at sea, as global energy markets have been roiled by the US-Israel war on Iran.
Iran has warned it will open “new fronts” if the US launches more attacks on the country, after President Donald Trump said he had called off renewed strikes to allow for “serious negotiations” to take place.
President Trump had on Monday announced he agreed to pause planned Iran strikes, which were supposedly going to resume Tuesday, because UAE & Saudi Arabia asked him to as they said the sides are getting close to a deal.
This image from an Airbus Defence and Space’s Pléiades Neo satellite shows a fire at an oil refinery on Iran’s Lavan Island, left, and an oil slick in the waters of the Persian Gulf around Shidvar Island, right, April 10, 2026. (Airbus Defence and Space© via AP)
DOHA — Qatar said on Tuesday that US-Iran negotiations, mediated by Pakistan, required more time to reach a deal, a day after President Donald Trump said he had postponed planned attacks to give the process a chance.
Trump calls off ‘planned attack’ on Iran, citing 'serious negotiations'
The footage also leans into popular culture, using Chinese rap and popular cartoon figures to court younger social media users
The footage also leans into popular culture, using Chinese rap and popular cartoon figures to court younger social media users
The Iran war and Tehran’s attacks on its neighbours have pushed most parts of the Gulf towards a more assertive defence posture in dealing with the Islamic republic, after years of prioritising engagement.
The ceremonies, involving hundreds of couples in several major squares in Tehran, were broadcast on state TV to boost wartime morale
The ceremonies, involving hundreds of couples in several major squares in Tehran, were broadcast on state TV to boost wartime morale
Opposition MKs Ram Ben-Barak and Elazar Stern (Yesh Atid) sent a letter to MK Boaz Bismuth (Likud) demanding an urgent committee discussion after Channel 14 presenter Shimon Riklin disclosed sensitive security information during a live broadcast concerning an alleged Israeli-American strike in Iran on Monday.
Explosions were heard in Iran's Qeshm Island on Tuesday afternoon, the semi-official Iranian Mehr News Agency said, adding the cause was unknown, and no official entity has commented yet.
The average price of unleaded petrol has risen to 158.52p a litre, its highest level since the start of the Iran war, according to the RAC.
For more news, analysis, and the latest updates, head to jpost.com.
BRUSSELS — EU leaders are set to discuss extending the bloc's timeframe for reapproving sanctions against Russia from six months to a year when they convene in Brussels next month.
Representative Thomas Massie, Republican of Kentucky, is seeking to survive a primary challenge fueled by President Trump on Tuesday in what has become the most expensive congressional primary in recent history.
Iran has warned that it will "open new fronts" against the US if it is attacked again.
Cuban President Miguel Díaz-Canel on Tuesday condemned U.S. sanctions on the country as "immoral, illegal, and criminal," lashing out at prolonged economic pressure on the communist-run island as tensions escalate.
The Islamic Republic will soon vote on a bill that would see whoever kills US President Donald Trump, Prime Minister Benjamin Netanyahu, and or CENTCOM commander Brad Cooper awarded with a €50 million sum, Ebrahim Azizi, the chairman of Iran’s national security commission, told state TV on Thursday.
Operation Roaring Lion, aka Epic Fury against Iran has been fought and continuously recorded, via data, as well as with aircraft, missiles, drones, cyber operations, air defenses, and naval assets.
If hostilities turn into renewed fighting, Iran may fire tens or hundreds of missiles per day to “effectively confront the enemy and also change the calculation on the other side,” Hamidreza Azizi, an expert on Iranian security issues at the German Institute for International and Security Affairs, told the New York …