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News
Iran reports commercial vessel struck in Strait of Hormuz
1+ day, 5+ hour ago (681+ words) Iranian state media has claimed an Iranian commercial vessel was struck in the Strait of Hormuz late Saturday, killing one person, amid an ongoing battle between the US and Iran for control over the crucial energy chokepoint. It comes at…...
Saudi oil pipeline shut down after attack triggers fires
2+ day, 5+ hour ago (918+ words) Saudi Arabia has shut down a key oil pipeline after it was attacked by drones from Iraq, as repercussions of the Iran war widen. The development is more bad news for the Saudi government after the Iran-backed Houthis captured strategic…...
Trump says Iran likely responsible for attack on vital Saudi oil pipeline
2+ day, 6+ hour ago (360+ words) US President Donald Trump said Iran was “probably” behind the attack on a vital oil pipeline in Saudi Arabia which led to the pipeline’s closure. The East-West Pipeline was attacked by several drones coming from Iraq on Thursday, the Saudi…...
Egyptian TV host Amr Adib warns of oil price surge
2+ day, 6+ hour ago (379+ words) Egyptian TV host Amr Adib warned of the repercussions that a sharp rise in oil prices—with the price per barrel exceeding US$104—could have on fuel prices in Egypt. He questioned how the government would handle such high levels,…...
US President Donald Trump and Isreal Prime Minister Benjamin Netanyahu
4+ day, 8+ hour ago (12+ words) Egypt Independent...
An unprecedented surge - Suez Canal Economic Zone's growth exceeds 300%
4+ day, 8+ hour ago (271+ words) Egypt’s northern maritime gateways revealed a surge of operational growth throughout the 2025/2026 fiscal year, consolidating the Suez Canal Economic Zone’s position as a dominant Eastern Mediterranean transshipment power. Transit volumes skyrocket across Port Said terminals West Port Said: Transit container…...
Will the Central Bank raise interest rates at its upcoming meeting?
4+ day, 8+ hour ago (434+ words) Expectations are growing that central banks globally will move to raise interest rates to hedge against an inflationary wave triggered by rising energy prices. Expert forecasts for the Central Bank of Egypt’s (CBE) upcoming Monetary Policy Committee meeting on September…...
Iran announces imminent agreement with Oman on Strait of Hormuz
6+ day, 11+ hour ago (265+ words) Iran announced on Monday that its negotiations with the Sultanate of Oman regarding the establishment of a safe and temporary shipping lane through the Strait of Hormuz have entered their final stages, anticipating an agreement in the coming days. Iranian…...
Trump promised???economic D-Day??? for Iran. So far, actions have come in drips
1+ week, 2+ day ago (675+ words) US Secretary of State Marco Rubio this week instructed diplomats around the world to tell their host countries they must “systematically identify and sever” ties to Iran, and those with branches of Iranian banks must shut them down immediately. On…...
The US wants to manage the stalemate in the Strait of Hormuz. Iran wants to break it
1+ week, 2+ day ago (1112+ words) The monthlong lull in fighting between Iran and the United States ended this week with a renewed exchange of fire, dragging the region back to a dangerous – and potentially unsustainable – military stalemate. The US military struck Iran again Tuesday, prompting…...