News about military conflict
The agricultural sector and the population will incur higher costs due to a sharp increase in fuel prices without any clear explanation. This opinion was expressed during a program on national television.
The International Energy Agency (IEA) proposed to release a record volume of oil from strategic reserves (more than 182 million barrels) to stabilize prices that have risen sharply due to the escalation of the conflict in the Middle East, The Wall Street Journal writes, citing informed sources.
The National Energy Regulatory Agency (ANRE) has released the maximum prices for major fuels for March 12, 2026.
There is a simple rule in the global financial system: money runs away from risk. Today, this principle may affect one of the richest regions of the planet. Sovereign wealth funds in the Gulf countries control trillions of dollars. And if the war over Iran changes their investment strategy, the consequences could be felt by markets around the world.
Indian refiners bought about 30 million barrels of Russian crude after the U.S. gave the green light for such deals, with the price topping Dated Brent by $2-8 a barrel, Bloomberg wrote, citing informed sources.
A commission from Hungary has left to inspect the condition of the Druzhba oil pipeline stopped by Ukraine. It will soon become clear whether they will be allowed to enter the country at all and how the situation will develop after their arrival in Kiev. This was stated by Hungarian government spokesman Zoltan Kovacs.
Obtaining assurances that war will not be resumed, the right to possess a full nuclear fuel cycle and fair compensation for damages are three tough conditions Iran has set for resuming talks with the United States.
This is about the Al-Ruwais industrial complex. A fire broke out on its territory due to a drone attack. This refinery is the fourth largest in the world in terms of production capacity and the largest in the UAE, Logos Press reported citing RBC.
Aramco, the world’s top oil company, said Tuesday that the conflict with Iran continues to disrupt shipping in the Strait of Hormuz, which could have “catastrophic consequences” for global oil markets.
Commercial flights from Iran to Azerbaijan continue to operate, but transit options for persons who may leave Iran remain limited and require prior coordination with the competent authorities. This is reported by the Moldovan Ministry of Foreign Affairs.
US President Donald Trump has said the US-Israeli operation against Iran will end soon.
Obviously it’s not the country’s biggest problem, but for more than 200 hours some 90 million people in Iran have been living without internet.
The conflict in the Middle East has begun to have a noticeable impact on global apparel supply chains. Due to airspace closures and flight cancellations, many shipments from South Asia have been blocked at airports, creating serious problems for manufacturers and international retailers.
UPDATED. Israel’s massive strikes on 30 Iranian fuel depots “far exceeded” U.S. expectations and provoked a major rift between the allies for the first time since the military operation against Iran began.
The incident with an air strike on Nakhchivan is not related to Iran and will be investigated. This was stated by President of the Islamic Republic of Iran Masoud Pezeshkian during a telephone conversation with Azerbaijani President Ilham Aliyev.
Early this Monday morning in Asia, Brent crude was up about 15.5% to $107.16/bbl, while U.S. Nymex Light Sweet crude was up more than 17% to $106.77/bbl.
US President Donald Trump said that he is not satisfied with the appointment of Mojtaba Khamenei as the supreme leader of Iran. Donald Trump said this to the Fox News TV channel.
Iraq’s oil production has fallen sharply amid ongoing conflict with Iran and problems with exports through the Strait of Hormuz.
The escalating conflict in Iran has already caused fuel and energy prices to rise and stock markets to plummet.
Tehran is experiencing a “temporary shortage” of fuel amid U.S.-Israeli airstrikes, according to the governor of Iran’s capital province. Residents have been urged to refrain from unnecessary travel and save fuel.
