Tag: Iran

POLITICS

US Navy Ship Sails Near Venezuela After Arrival Of Iranian Cargo

An American warship in the Caribbean Sea navigated into waters the US Navy says are illegitimately claimed by Caracas. A US Navy ship has navigated near the Venezuelan coast in what the US military’s Southern Command (SOUTHCOM) called a “freedom of navigation operation,” a day after a cargo ship from US foe Iran docked at a port of the South […]

NEWS

Coronavirus Takes Toll

India has overtaken Italy and is now the sixth worst hit country by the coronavirus pandemic after another record single-day spike in confirmed infections, bringing the total to 236,657 cases. Global death toll from the coronavirus surged past 400,000, according to Johns Hopkins University. About 30 percent of those cases, or two million infections, are in the US. Latin America […]

NEWS

UN — US$15 Million Coronavirus Help

UN Humanitarian Chief Mark Lowcock has released US$15 million from the Central Emergency Response Fund (CERF) to help fund global efforts to contain the COVID-19 virus. The announcement came as the World Health Organization (WHO) upgraded the global risk of the coronavirus outbreak to “very high” – its top level of risk assessment. The WHO has said there is still […]

NEWS

52 Iranian Sites In U.S. Crosshairs

President Trump has warned the U.S. is “targeting” 52 Iranian sites and will strike “very fast and very hard” if Tehran hits Americans or U.S. assets. His comments come after the U.S. assassination of Qasem Soleimani, a top Iranian general, in a drone strike. Iran has vowed to avenge his killing. Mr. Trump tweeted Iran, “is talking very boldly about […]

NEWS

Iran’s Leader Vows Revenge

Iran’s supreme leader Sayyid Ali Hosseini Khamenei has vowed severe revenge on those responsible for the death of the top military commander. Qasem Soleimani was killed by an airstrike at Baghdad airport at the end of last week. The attack was ordered by U.S. President Donald Trump. The 62-year-old Soleimani was an Iranian major general in the Islamic Revolutionary Guard […]

NEWS

Iranian President Tells U.S Cease And Desist

Iranian President Hassan Rouhani is not pleased with the Trump administration policy towards Iran and is demanding that the U.S. “cease this policy of maximum pressure” in favor of “dialogue, and logic and reason.” Rouhani’s in his recent U.N. speech declared the U.S. action against his country as “international piracy” and “merciless economic terrorism.” Washington pulled the rug from under […]

BUSINESS

Oil Prices Hang Steady

Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing economic growth could dent global oil demand Brent crude futures rose 20 cents to $62.13 a barrel, while West Texas Intermediate crude futures fell four cents to $55.26 a barrel Marcia Wright, Readers […]

NEWS

UK Set To Let Go Of Iranian Ship

According to press reports, British foreign minister Jeremy Hunt told his Iranian counterpart that Britain would facilitate the release of the detained Grace 1 oil tanker if Tehran gave guarantees it would not go to Syria. The British Royal Marines seized the Iranian vessel off the coast of the British Mediterranean territory of Gibraltar on suspicion of violating sanctions against […]

BUSINESS

Oil Prices Show Upward Trend

Social and political turbulence within major oil producing countries, Venezuela and Libya have pushed oil prices up one percent on Friday. The market shakeup is due to supply cuts from Venezuela and Iran as well as the ongoing conflict in Libya. The situation feeds the perception of a tightening crude market; however, positive Chinese economic data has allayed fears of […]

NEWS

U.S. Grants Waivers To Oil Importers

Eight Oil importers that import oil from Iran have made the U.S. waiver list. These include Japan, South Korea, and India. According to a press report, China was also on the list, but discussions with the U.S. were still ongoing. The press report also noted that the waivers are temporary with Washington expecting the countries on the list to gradually […]