For nearly a year, the ongoing regional conflict, which started as a war between Israel and Hamas, seemed to contradict the old formula long thought to be one of the few certainties in global petroleum markets: that “war + Middle East = high oil prices.” While the conflict has taken …

Hezbollah Secretary-General Hassan Nasrallah spoke for the second time in seven days on August 6, commemorating one week since the assassination of the group’s military commander Fuad Shukr by Israel on July 30. Uncharacteristically calm, Nasrallah devoted much of his speech to covering the Lebanese group’s weaknesses exposed by the …

On October 1, 2024, the IRGC fired about 200 ballistic missiles at Israel in response to the killing of Ismail Haniyeh in Tehran, and Hassan Nasrallah and a senior IRGC officer in an Israeli airstrike in Beirut. Most of the missiles were intercepted by the Israeli Air Force and air …