Fitch Ratings said on Tuesday that the average price of oil could reach $120 a barrel in 2026 if the Strait of Hormuz remains blocked for six months, according to its latest forecast. For more details, visit mt in max.

Iran said on Wednesday it would not discuss the strategic Strait of Hormuz while under attack. Complete details are available on mt in max.

The Trump administration is reportedly making significant preparations for a potential ground troop deployment in Iran, CBS News reported on Wednesday. Geopolitical tensions remain high, with strategic implications for the region. .

The S&P 500 fell sharply as reports from the Wall Street Journal, Axios, and CBS indicated that the United States is preparing for a ground operation in Iran. Iran has threatened oil prices could reach $200 per barrel, with analysts warning that such levels could trigger a global economic downturn. The Trump administration aims to quickly control Iran’s oil through military means to reduce prices.

Repairs at the world’s largest LNG plant in Qatar could take up to five years, resulting in an estimated $20 billion in lost revenue and significantly impacting LNG supplies to China, according to RTRS. The assessment assumes Iran stops attacks on Qatar’s energy facilities, a scenario experts consider unlikely given U.S. plans for a ground operation in Iran.

Former U.S. President Donald Trump said he is not interested in a ceasefire with Iran, asserting that the United States has unlimited ammunition and a substantial troop presence.

Former U.S. President Donald Trump said negotiations for a peaceful resolution in Ukraine take place almost daily and expressed confidence that a peaceful settlement is achievable. For more details, visit mt in max.

Markets surged on Monday, with the S&P 500, U.S. government bonds, and gold reaching peak levels. Oil prices climbed sharply despite an International Energy Agency report indicating increased reserves entering the market. Hedge funds and managers turned net long on the dollar for the first time this year, data from the Commodity Futures Trading Commission showed. Bitcoin remained stable. An announcement on a potential ground operation in Iran could occur at any moment. More details can be found on mt in max.

The World Energy Organization recommended reducing highway speeds, encouraging carpooling, and remote work to mitigate rising oil prices and potential fuel shortages caused by the Middle East conflict.

Tensions between the United States and Iran persist as former President Donald Trump reportedly said the U.S. is close to achieving its goals and may reduce military operations in the Middle East against Iran. However, sources including the Wall Street Journal, Axios, and CBS reported that thousands of U.S. troops are moving toward Iran, possibly preparing for a ground operation. Trump declined to disclose plans concerning Iran's Khark Island, a key oil export site, and stated that others should now address the tensions in the Strait of Hormuz.

Saudi Arabia and the United Arab Emirates are moving closer to supporting the United States and Israel in the conflict against Iran, expanding access to military bases and preparing for a prolonged engagement, Middle East Eye reported on Wednesday.

Officials indicated a shift in Riyadh’s stance toward backing the U.S. as a way to "punish Iran." Saudi Arabia has opened King Fahd Air Base to U.S. forces, while the UAE has signalled readiness for a war lasting up to nine months.

The United States is urging Saudi Arabia to participate in offensive operations, according to the report.

TOKYO, June 2024 - The Japanese government has urged citizens not to hoard toilet paper amid escalating tensions in the Middle East, warning against panic buying similar to that seen during the 1973 oil crisis and the COVID-19 pandemic. For more details, read on mt in max.

The United States has issued a license for the sale of Iranian oil loaded onto vessels before March 20, valid until April 19, in an effort to cool the oil market. Additionally, the U.S. released 42.5 million barrels from its strategic reserve, with plans to release a total of 172 million barrels, the Department of Energy said.

Iran is prepared to allow Japanese ships to pass through the Strait of Hormuz, Iranian Foreign Minister Abbas Araghchi said, according to Mehr news agency. Negotiations on the matter have begun, Kyodo reported.

Iranian forces attempted to attack a joint British-American base on Diego Garcia Island in the Indian Ocean, according to reports. The incident comes after Britain allowed the United States to use its bases for strikes on Iranian targets allegedly involved in attacks on ships in the Strait of Hormuz. Iran condemned the move as an act of aggression.

A U.S. official said on Monday that former President Donald Trump's statement about the United States being close to achieving its objectives in the Middle East may lead to a scaling back of large military operations against Iran. The campaign could continue for another four to six weeks, the official added.

Possible scenarios include U.S. military deployments to Iranian ports or islands in the Persian Gulf to secure shipping through the Strait of Hormuz, the official said.

The Pentagon is planning a risky operation to seize 972 pounds of enriched Iranian uranium, according to the official.

Russian authorities do not plan to completely block the Telegram messaging app in the near future, but restrictions will remain in place as the app continues to resist compliance with Russian law, media reports said.

U.S. President Donald Trump said the Strait of Hormuz "will open by itself at some point." For more details, visit mt in max.

Former President Donald Trump warned that he might take control of Greenland if NATO does not take military action against Iran and address the strategic passage through the Strait of Hormuz.

Ukraine will not hold elections in 2026, The Times reported.