Latest news and articles about US-Iran conflict from NEX English
Oil prices increased today following the Easter holiday, as tensions between the United States and Israel on one side and Iran on the other continue to impact global oil supplies. Brent crude futures rose by $2.4, while US crude futures increased by $3.
Oil prices have seen a significant increase of over 60% in March due to escalating conflict between the United States and Iran. President Donald Trump announced that the war would end within weeks, but concerns about oil demand destruction remain.
The chairman of Indonesia's MER-C reported that military escalation between the US and Iran has led to a decrease in Israeli attacks on Gaza. However, the humanitarian situation continues to worsen due to tightened blockades.
In an unconventional move, a funeral worker in Thailand transported a coffin containing a body to a gas station to assert that he needed fuel for cremation, not for black market sales. This incident comes as the country faces energy supply shortages due to the U.S.-Israeli conflict over Iran.
The Secretary-General of the International Maritime Organization, Arsenio Dominguez, announced efforts to secure an evacuation corridor for sailors stranded in the Strait of Hormuz, where approximately <strong>20,000</strong> sailors face significant danger due to the ongoing conflict between the United States and Iran.
U.S. bond yields have seen a significant increase, reaching their highest levels since the beginning of the year, driven by rising oil prices due to the ongoing U.S. conflict with Iran, now in its fifth week.
George Papadopoulos, former advisor to President Trump, warns that the US's use of its strategic oil reserve may indicate a long-term escalation in conflict with Iran, especially amid the closure of the Strait of Hormuz.
U.S. debt has gained traction as investors focus on American diplomatic efforts to halt the war with Iran and a significant drop in oil prices. This comes despite reports from Iranian state news indicating ongoing hopes for a ceasefire.