Tehran widens diplomacy to regional and global players while indirect US talks remain uncertain. Islamabad, Pakistan – Iranian Foreign Minister Abbas Araghchi has discussed with regional interlocutors a proposal aimed at reopening the Strait of Hormuz but deferring talks with the US on Tehran’s nuclear programme for later, during a …

Announcement of its exit on Friday comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz. The United ‌Arab Emirates has announced its decision to quit OPEC and OPEC+ to focus on “national interests”, dealing ⁠a heavy ⁠blow to the oil-exporting groups at a time …

The United States has been flying cash — around $400-$500 million at a time — to Baghdad for decades. However, The Wall Street Journal recently reported that the U.S. Treasury had partially suspended dollar shipments tied to Iraq’s oil exports until Baghdad cracks down on Iranian-linked militias. Since the outbreak …