By DAVID McHUGH AP Business Writer The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war. The move, intended to soothe jittery markets over the disruption of ...
By JON GAMBRELL, GHAYA BEN MBAREK, SARAH EL DEEB and JULIE WATSON Associated Press DUBAI, United Arab Emirates (AP) — Iran's secretive new leader issued his first public statements Thursday, resolving to keep fighting, promising more pain for Gulf Arab states and threatening to open ...
By ALMA SOLÍS Associated Press PANAMA CITY (AP) — Panama Canal Administrator Ricaurte Vásquez said Thursday that the conflict in the Middle East and rising fuel costs could ultimately benefit the interoceanic waterway as global shippers adjust routes. In an interview with The ...
By JON GAMBRELL and MAE ANDERSON Associated Press DUBAI, United Arab Emirates (AP) — Commercial ships in the Persian Gulf continued to be a focal point in the Iran war on Thursday as Iran's Supreme Leader Ayatollah Mojtaba Khamenei vowed to use the effective closure of the Strait of ...
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The Iran war threatens some of the world's most critical oil and gas infrastructure — the pipelines, refineries, and shipping terminals that keep energy flowing from the countries around the Persian Gulf to the global ...
By DAVID KLEPPER Associated Press WASHINGTON (AP) — Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of ...
By JON GAMBRELL, DAVID RISING and NATALIE MELZER Associated Press DUBAI, United Arab Emirates (AP) — Iran's unrelenting attacks on shipping traffic and energy infrastructure in the Persian Gulf pushed oil back above $100 a barrel on Thursday, as American and Israeli strikes pounded the ...
By MATT SEDENSKY and WYATTE GRANTHAM-PHILIPS The Associated Press NEW YORK (AP) — A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices. In response, the International Energy Agency ...
By FARNOUSH AMIRI Associated Press UNITED NATIONS (AP) — U.S. and Israeli strikes on Iran have damaged at least four cultural and historical sites, including palaces and an ancient mosque, raising alarms about the impact of the widening war on protected landmarks that are important to ...
By JON GAMBRELL, SALLY ABOU ALJOUD and LISA MASCARO Associated Press DUBAI, United Arab Emirates (AP) — Iran targeted the world's busiest international airport Wednesday and attacked commercial ships as U.S. and Israeli strikes rocked Tehran, while the United Nations' most powerful body ...
By AAMER MADHANI, JULIA FRANKEL, MICHAEL BIESECKER and ERIC TUCKER Associated Press WASHINGTON (AP) — Outdated intelligence likely led to the United States carrying out a deadly missile strike on an elementary school in Iran that killed over 165 people, many of them children, in the ...
By JON GAMBRELL, SAM MEDNICK and DAVID RISING Associated Press DUBAI, United Arab Emirates (AP) — Iran fired on commercial ships Wednesday and targeted Dubai International Airport, escalating a campaign of bottling up the oil-rich Persian Gulf as global energy concerns mounted and ...
By MATT SEDENSKY and WYATTE GRANTHAM-PHILIPS The Associated Press NEW YORK (AP) — A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices. In response, the International Energy Agency ...
By SAMUEL PETREQUIN and KIRSTEN GRIESHABER Associated Press PARIS (AP) — A group representing many of the world's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy ...
By JOHN LEICESTER Associated Press PARIS (AP) — Gasoline prices are rising largely because of the Iran war's impact on the Strait of Hormuz, a crucial passageway for oil and gas from the Persian Gulf. The waterway off Iran's coast, now effectively closed, is so vital for the global ...
By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — The war with Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran's most effective weapon and the United ...
By JOSH FUNK and BEN FINLEY Associated Press WASHINGTON (AP) — The Iran war quickly tested America's ability to combat the swarms of cheap drones that have become a staple of the modern battlefield after Ukraine and Russia demonstrated how effective they could be. The Islamic Republic ...
By JON GAMBRELL, JULIE WATSON and SAMY MAGDY Associated Press DUBAI, United Arab Emirates (AP) — The U.S. said it took out more than a dozen mine-laying Iranian vessels Tuesday, and the Islamic Republic vowed to block the region's oil exports, saying it would not allow "even a single ...
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating ...
By JON GAMBRELL, DAVID RISING and SAMY MAGDY Associated Press DUBAI, United Arab Emirates (AP) — Iran launched new attacks on Tuesday at Israel and Gulf Arab countries as it kept up pressure on the Middle East in a war started by Israel and the United States that has sent oil prices ...