Iran

Business

Is It Safe for Global Shipping to Return to the Red Sea?

Linh Nguyen - December 1, 2025

The Red Sea is the only direct route into the Suez Canal, and recent fighting pushed most owners to sail around the Cape, adding...

Egypt

Egypt’s Suez Canal loses around $800 million in monthly revenue due to regional unrest

Akira Nakamura - December 1, 2025

Egyptian President Abdel Fattah al-Sisi announced that the Suez Canal is losing around $800 million in revenue each month due to regional instability. Iran-backed Houthis...

Angola

OPEC+ holds oil output steady, agrees capacity mechanism

Emily Carter - December 1, 2025

OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down...

India

Iran seizes vessel with Eswatini flag for fuel smuggling

Emily Carter - December 1, 2025

/Reuters Agency The Islamic Revolutionary Guard Corps (IRGC) of Iran seized a vessel flying the flag of Eswatini carrying 350,000 liters of smuggled fuel...

India

Iranian forces detain Eswatini-flagged vessel carrying 350,000 liters of contraband fuel

Linh Nguyen - December 1, 2025

Iranian military units detained an Eswatini-flagged vessel carrying roughly 350,000 liters of contraband diesel fuel in the Persian Gulf, according to Iranian state media. Commander...

China

OPINION | OPEC+ sticks to its “all is fine in oil” mantra, but uncertainty rises

Sophie Becker - December 1, 2025

At first glance the decision by OPEC+ to leave oil output levels unchanged for the first quarter of next year could be viewed as...

Algeria

Opec+ agrees mechanism to set new production baselines

Malik Johnson - November 30, 2025

London, 30 November (Argus) — Opec+ ministers on Sunday approved a mechanism to assess and update member country crude production capacities on an annual...

India

Iran seizes Swaziland-flagged vessel for smuggling fuel

Alexa Laguna - November 30, 2025

Iran on Sunday seized a Swaziland-flagged vessel carrying 350,000 litres of smuggled fuel, the semi-official Tasnim news agency reported. “We seized a vessel carrying smuggled...

Iran

350 thousand liters of smuggled fuel were seized on a ship in Iran

Malik Johnson - November 30, 2025

İran, kaçak akaryakıtla mücadelesini sürdürüyor. Devrim Muhafızları Ordusu Deniz Kuvvetleri 2’nci Bölge Komutanı Heyder Heneryan Mucerred, yaptığı açıklamada, ülkenin deniz sınırlarının korunması ve bölge...

Iran

Repaired Sahand destroyer, floating base join Iranian Navy, state media say

Emily Carter - November 30, 2025

The destroyer Sahand, which capsized during repairs last year, has been recommissioned into the Iranian Navy along with the floating base Kordistan, Iran’s state...

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