LONDON, United Kingdom — Oil prices soared above $100 and stock markets extended losses as Iran’s new supreme leader ordered the Strait of Hormuz to be kept closed. Concerns about a long, drawn-out ...

Multiple explosions were reported across Iran’s capital, Tehran, and other cities as the war in West Asia continues to escalate. Follow Firstpost’s Live Coverage of the escalating tensions.

The US has issued its second authorisation allowing buyers to take Russian oil cargoes already at sea, a move intended to ease rising prices. Treasury Secretary Scott Bessent said the move was ...

The Australian government will reduce the minimum stock requirements of petrol and diesel for fuel companies to help their ...

Authorities in Dubai said they were responding to a minor incident after debris from a successful air defence interception struck the facade of a building on Sheikh Zayed Road.

The US is lifting its sanctions on Russian oil for about four weeks to relieve surging prices. Scott Bessent said the move would "not provide significant financial benefit" to Russia. Sanctioning ...

President Donald Trump is heading toward a vexing crossroads in Iran. He can’t honestly declare victory; he seems to be losing control of an expanding war; and the strategic and economic consequences ...

The Pentagon and National Security Council significantly underestimated Iran’s willingness to close the Strait of Hormuz in ...

The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with ...

President Donald Trump and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little ...

The war in the Middle East is now causing the "largest supply disruption in the history of the global oil market," according ...

It was only last month, in his State of the Union address, that Trump bragged about gas prices at $2.30 a gallon, a figure that has since soared more than 50%, according to AAA.