Tag: Middle East conflicts
Iran announces new procedures for vessels seeking to transit Strait of...
The authority said in a statement that, under directives issued after the memorandum’s signing, vessels wishing to pass through the strategic waterway during the period covered by the agreement must submit transit requests to the PGSA through its designated official channels to receive prompt clearance.
Iran airspace largely devoid despite the announcement of partial opening
This reflects ongoing security concerns among international airlines. Tracking maps show that most international flights continue to avoid Iranian airspace, opting instead for alternative routes through neighbouring countries or other secure air corridors.
Politic needs to wait as Malaysia faces oil crisis
Relentless political contestation now sends the message that some politicians are more preoccupied with Putrajaya than with protecting Malaysians from the economic aftershocks of war.
Jet fuel take months to normalise even if Hormuz open –...
He noted that while crude prices dropped by about 15 per cent following recent announcements, restoring the global supply of jet fuel and other refined products needed more time, during his speech at the IATA World Data Symposium in Singapore.
Oil dips under $100, stocks back in green tracking Mideast war
With the conflict heading towards its third week, equity markets were back in the green, having earlier lost ground amid investor worries about an extended crisis that could fan inflation and hammer the global economy.
US approves sale of 12,000 bombs to Israel
"The proposed sale will improve Israel's capability to meet current and future threats, strengthen its homeland defence, and serve as a deterrent to regional threats," it added.
