Brent oil prices increased by 3. 14% to $90.87 per barrel due to the escalation of military actions between the US and Iran. The conflict has restricted oil supplies through the Strait of Hormuz, causing the largest weekly increase since April.
Brent oil price rose to $91 per barrel due to the escalation of the conflict between the US and Iran. Iran announced the collapse of the ceasefire regime, increasing the risks of supply disruptions through the Strait of Hormuz.
Iran struck a power plant and a desalination plant in Kuwait for the second time, causing a fire. Kuwait is one of the countries that most frequently suffers Iranian attacks since the resumption of hostilities between Tehran and Washington.
The US has struck Iran in response to the attack in Jordan, where two American soldiers were killed. The conflict has spread to civilian infrastructure, including bridges and power plants.
The US attacked bridges, energy facilities, and a port in Iran. In response, Iran struck Qatar and Kuwait, damaging a water desalination plant.
Pakistan and Kuwait discuss a new defense pact that may include the deployment of troops and equipment. Talks are at an early stage, Pakistan is not yet ready to deploy combat units.
The US launched new airstrikes on bridges in Hormozgan province, collapsing a tower in Chabahar port. In response, Iran attacked Qatar, Bahrain, and Kuwait with missiles.
The US struck Iran's coastal defense systems and cruise missile storage facilities in the Strait of Hormuz. In response, Iran threatens to halt the export of regional energy carriers.
Iran's Islamic Revolutionary Guard Corps attacked a drone parking lot at Ali Al Salem Air Base in Kuwait.
Iran launched a new wave of missile and drone attacks on American bases after US strikes on central and southern Iran. Oil prices rose by more than 3%.
Iran launched missile and drone strikes on US military facilities in Qatar and Kuwait. The escalation calls into question the ceasefire between the US and Iran.
The Iraqi army attacked three border posts and an offshore drilling platform in Kuwait amid US and Iranian strikes. One employee was injured.
Pete Hegseth canceled a planned visit to Israel, where he was to meet with Netanyahu. The cancellation came amid US strikes on Iran and Iranian attacks on tankers.
U. S. President Donald Trump stated that the ceasefire agreement with Iran is no longer in effect due to Tehran's attacks. He called further negotiations a waste of time.
Global oil prices are heading for their biggest weekly drop after shipping through the Strait of Hormuz resumed. WTI crude fell to $75 per barrel, losing more than 9% over the week.
Trump canceled strikes on Iran after all parties agreed on the points of the new deal. According to the American leader, the naval blockade will remain in effect until the signing process is completed.
Kuwait has resumed air traffic following Iranian attacks on American bases. The country's international airport has now returned to normal operations.
Iran attacked US bases in Kuwait, Bahrain, and Jordan following strikes on its own territory. Tehran is threatening to completely close the Strait of Hormuz.
Kuwait suspended air traffic due to Iran's shelling of US military facilities. The IRGC announced the launch of 12 ballistic missiles at airbases in the region.
Qatari mediators have arrived in Tehran following an exchange of strikes between the US and Iran. The parties attacked bases and facilities in the area of the Strait of Hormuz.
Washington attacked Iranian facilities in response to the destruction of an Apache helicopter. Tehran claimed missile strikes on US bases in Jordan and Kuwait.
The OPEC+ alliance agreed to increase production by 188,000 barrels per day starting in July. Seven countries plan to fully lift restrictions by the end of September.
The US shot down two Iranian drones that threatened vessels in the Strait of Hormuz. In the latest exchange of fire, the US also shot down Iranian drones on Friday night and attacked radar stations.
The US intercepted Iranian missiles and attacked its radars in the Persian Gulf. Kuwait and Bahrain issued alerts due to the threat of airstrikes.
A person was killed and dozens were injured as a result of the Iranian attack on the airport and diplomatic missions of Kuwait. The US called the incident a deliberate attack by Tehran.
Oil prices rose by 2% due to Iranian attacks on Kuwait and U. S. strikes. A terminal at Kuwait's airport was damaged, and aviation operations have been partially restored.
Iran launched missiles at Kuwait and Bahrain, which were intercepted by US air defenses. In response, American forces destroyed a control station on Qeshm Island.
The price of gold stands at $4,490 per ounce due to the conflict in the Middle East. Trump has stated a possible peace deal with Tehran despite new attacks.
American fighter jets destroyed Iranian radars and drones in response to the downing of a US UAV. Trump has introduced amendments to the ceasefire agreement.
Global oil prices rose by 3% after Iran's strike on a US airbase. The escalation occurred against the backdrop of a six-week decline in raw material inventories in the United States.
