The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challenges worldwide.
An economic delegation from North Korea visited Iran, marking the first known talks between the two countries since the start of the COVID-19 pandemic.
The shipping industry is urging the United Nations (UN) to take decisive action to protect merchant vessels and seafarers amid escalating attacks in the Middle East.
U.S. Treasury Secretary Janet Yellen announces forthcoming sanctions on Iran following its drone and missile attacks on Israel, using their oil exports to disrupt the country's destabilizing activities.
Rial, the currency of Iran, experienced a historic low against the US dollar after the country's extensive missile and drone attack on Israel over the weekend.
Several major Arab airlines have been forced to cancel their flight schedules over the weekend following Iran's strikes on Israel.
A potential increase in oil prices is expected following the recent attack on Israel by Iran, although the extent of possibilities gains hinges on the response.
The conflict between Iran and Israel has intensified, with Iran launching a series of attacks. These attacks have led to the closure of airspace in multiple nations, including Israel, Egypt, Iraq, and Syria.
The Biden administration is reportedly preparing to announce new sanctions on Iran in retaliation for its arms sales that have fortified Russia's defenses amid war with Ukraine.
The Iran Central Bank's subsidiary is now facing sanctions as it's allegedly supplying American technology to Hezbollah.
Microsoft revealed on Wednesday that state-backed hackers from Russia, China, North Korea, and Iran have been using tools provided by its partner OpenAI to enhance their hacking techniques and deceive their targets.
Iran requessted for a meeting of the joint commission regarding the extension of U.S. sanctions to the country.
President Obama is set to close and strengthen nuclear deal with Iran before the inauguration of President-elect Donald Trump.
As the 2016 US Presidential Election concludes, President Barack Obama on Monday has stated his hope that Donald Trump will continue the historic agreement to control the ability of Iran to develop nuclear weapons which is fully operational as of the present.
UN will investigate the Iran violation of the Nuclear Deal.
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