Brent crude rose roughly 5% to $94.86 a barrel on September 2, its highest since late July, after the US military launched fresh strikes around the Strait of Hormuz following alleged Iranian mine-laying.
Tag: Iran
Posted inGeopolitics
Iran Claims US Strike Hit a Wedding in Kuhestak as CENTCOM Launches New Hormuz Barrage
Iranian state media says a US airstrike killed at least four people at a wedding celebration in Kuhestak, Sirik County; US Central Command says it is reviewing the reports.
Posted inMarkets
Brent Crosses $90 as US-Iran Strikes Revive Hormuz Risk
Brent crude climbed above $90 per barrel on August 31 after US forces struck Iranian rocket launchers in the Strait of Hormuz, sending the Dow down over 370 points as energy traders repriced supply risk.
Posted inGeopolitics
US Strikes Iranian Rocket Launchers on Larak Island as IRGC Fires Back
American forces destroyed two Iranian rocket launchers on Larak Island on August 31, the first US strike in the strait in nearly a month, drawing IRGC missile salvos at air bases in Jordan and the UAE.
Posted inGeopolitics
Iran’s IRGC and US Naval Blockade Lock Into Stalemate Over the Strait
With the Islamabad Memorandum’s 60-day window elapsed, Iran’s IRGC is asserting Strait of Hormuz control while Washington enforces its naval blockade and Tehran refuses new sanctions terms.
Posted inGeopolitics
Ratcliffe Flies to Moscow With a Warning on NATO and a Plea to Cut Iran Loose
CIA Director John Ratcliffe made a secret visit to Moscow on August 26, meeting Russian intelligence chief Sergei Naryshkin to warn against NATO attacks and urge Russia to end its support for Iran.
Posted inGeopolitics
Iran Declares Fully Offensive Military Stance as 60-Day Ceasefire Expires
Iran declared a fully offensive military posture after its 60-day US ceasefire expired, demanding sanctions relief and an end to Washington’s naval blockade.
Posted inMarkets
Gold Surges to $4,712 as Treasury’s Doubled Buybacks and Iran Tensions Drive Demand
Spot gold reached $4,712.60 per ounce on August 24, up nearly 15% in a month, as the US Treasury’s decision to double long-term debt buybacks and the Iran conflict sustained safe-haven buying.
Posted inGeopolitics
China and Russia Blunt Washington’s Push to Financially Isolate Iran
Despite the Trump administration declaring an economic D-Day against Tehran, Beijing and Moscow are sustaining trade and military supply lines that US secondary sanctions cannot easily reach.
Posted inGeopolitics
Bessent Pledges Toughest Sanctions in History Against Iran
US Treasury Secretary Scott Bessent said Washington will impose what he called the greatest coordinated economic isolation of any country in history, warning Beijing that buying Iranian oil makes it a target.