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Tag: Iran

Posted on April 29, 2026

Oil price soars above $118 after reports of ‘extended’ Iran blockade

Oil prices have climbed sharply following reports that the US is preparing for an ‘extended’ blockade of Iran. Brent crude rose to around $115 (£85) a barrel on Wednesday, having …
Posted on April 29, 2026

How US and Iran are playing a crypto cat-and-mouse game over sanctions

Iranian authorities and people are increasingly using cryptocurrencies to evade sanctions. The US is playing catch-up.
Posted on April 29, 2026

The Latest: Hegseth to face Congress for first time since Iran war began

Talks between Iran and the United States on ending the war seem stalled, despite U.S. President Donald Trump earlier claiming Iran had informed his administration that it was in a “State …
Posted on April 29, 2026

Iran’s rial drops to record low as ceasefire prompts rush for hard currency

DUBAI, April 29 (Reuters) – Iran’s currency dropped to a record low of 1,810,000 rials to the U.S. dollar on Wednesday, the Iranian Student News Agency (ISNA) said, as demand for foreign exchange that …
Posted on April 29, 2026

Ceasefire talks still alive despite mounting tensions, Pakistan says

Pakistan is continuing to mediate between the United States and Iran, with indirect ceasefire talks still alive despite mounting tensions between the sides.
Posted on April 29, 2026

Iraq’s President Names Political Newcomer to Form Government

After months of tensions and pressure from both the U.S. and Iran, Ali al-Zaidi, a businessman, was named as prime minister-designate.
Posted on April 29, 2026

Treasury freezes $344M in crypto as ‘Operation Economic Fury’ pushes Iran to industrial breaking point

The Treasury froze $344M in Iran-linked crypto, escalating pressure as officials warn Tehran could lose $170M daily with oil exports nearing disruption.
Posted on April 29, 2026

Can Russia serve as an economic lifeline for Iran amid the Hormuz blockade?

Analysts say that Moscow could offer a ‘lifeline’ but logistical issues, costs offer little incentive in the long-run.
Posted on April 29, 2026

Can Russia serve as an economic lifeline for Iran amid the Hormuz blockade?

Analysts say that Moscow could offer a ‘lifeline’ but logistical issues, costs offer little incentive in the long-run.
Posted on April 29, 2026

Flying cars and 5-minute charges: China’s EV industry sees opportunity in Iran crisis

As the US-Iran war has sent the world scrambling for fuel, China is positioned to benefit from its rapid shift into electric vehicles.

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