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Home > Latest

Lates News

date
20/06/2025
On the evening of June 19th local time, the Iranian Islamic Revolutionary Guard Corps announced that the 15th phase of the "True Promise 3" operation has been launched. On the same day, the Revolutionary Guards launched a new round of missile and drone joint strikes against military targets and affiliated military industrial facilities in Haifa and Tel Aviv, Israel.
Latest
9 m ago
Citibank analysts said on Thursday they expect that if the conflict between Iran and Israel escalates and leads to a disruption of Iran's oil exports of 1.1 million barrels per day, the average price of Brent crude oil could increase by around 15% to 20% from the pre-conflict level of $65 per barrel. Citibank stated in a report, "This implies that the average price of Brent crude oil should be between $75 and $78 per barrel." Oil prices have been hovering around $65 per barrel in May. Citibank also mentioned that if oil supply disruptions reach around 3 million barrels per day and last for several months, oil prices could rise to $90 per barrel. Furthermore, JP Morgan, in a report, stated that in the most extreme scenario of a larger regional conflict, such as the closure of the Strait of Hormuz, oil prices could spike to $120-130 per barrel. Iran is the third largest oil producer in OPEC, with an oil production of about 3.3 million barrels per day.
9 m ago
Citigroup: If oil supply disruption reaches 3 million barrels per day, oil prices will rise to $90.
29 m ago
United Airlines and American Airlines have suspended flights to the Middle East.
30 m ago
The US Senate delays consideration of new sanctions against Russia.
32 m ago
According to sources familiar with the matter, First Quantum has taken a small step on the long road to restarting the mine in Panama, preparing to ship copper from the Panamanian mine.
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