EIA hikes 2026 oil price forecasts 22% as Hormuz fuels long-term market fallout In its latest update, the agency said international benchmark Brent crude is now expected to average $96 per barrel in 2026, up from $79 previously, with higher prices now expected to last through 2027. Iran
Iran threatens energy shock, ups Gulf strikes ahead of Trump deadline: What to know Majid Mousavi, head of the IRGC Aerospace Force, declared the start of a “new phase” of the war in response to US threats to target key Iranian civilian infrastructure. Iran
Israel, seeking wider war, hits Iranian railways, bridges as Trump deadline nears Since the Trump administration announced its deadline, Israel has prepared for a potential US escalation, including airstrikes on civilian infrastructure or ground operations. Israel
China, Russia veto scaled-back Hormuz resolution at UN Security Council The vote came hours before the US deadline for Iran to reopen the global chokepoint. Bahrain
Kerry: Opportunity for Iran diplomacy cracking open While Kerry has not announced plans to join the P5+1 Iran Nuclear talks, there are hints he might do so despite his aides advising against it. Iran
Iranians, irked by Netanyahu comment, tweet photos of their jeans Israeli Prime Minister Benjamin Netanyahu offended many young Iranians by falsely saying in an interview that the citizens of the Islamic Republic were not free to wear jeans or listen to western music. Israel
Iran's supreme leader calls on Muslim world to arm Gaza Iran's Supreme Leader Ayatollah Ali Khamenei has asked Muslim countries to ignore calls by the West to disarm Gaza. Palestine
Negotiators beat back disinfo ahead of Iran nuclear talks Ahead of the next round of P5+1 talks, US officials have denied claims that there is a secret nuclear agreement between the US and Iran and that the US has seen an Iranian proposal. Iran
Will Iran go big in Geneva? The six world powers expect Iran to present a more practical nuclear proposal, but Iran has urged the media and others not to speculate. Iran
Diplomats from P5+1 meet in Geneva, Kerry flies home Iranian media expressed disappointment that US secretary of State John Kerry and other P5+1 foreign ministers would not join the nuclear talks with Iranian Foreign Minister Mohammed Javad Zarif. Iran
US on Iran talks: No one should expect breakthrough overnight Western diplomats have said that they are hopeful for the nuclear proposal Iran is set to give at the next round of P5+1 talks, but caution not to expect an immediate breakthrough. Iran
West praises 'useful, detailed' Iran nuclear proposal During the latest round of P5+1 talks on Iran's nuclear program, the Islamic Republic presented a nuclear proposal in a meeting that all parties described as substantive and productive. Iran
Breaking: Iran, US hold direct talks in Geneva During the latest round of P5+1 meetings, the US and Iran held bilateral talks which both sides described as 'useful.' Iran
Diplomats: Follow on Iran nuclear talks in Geneva in November In a rare joint statement issued by Iran and the P5+1, diplomats said that Iranian Foreign Minister Mohammed Javad Zarif presented a framework for the negotiating process, which the US is seriously considering. Iran
Islamic State urges Turkish businessmen to return to Iraq In an interview with Al-Monitor, Turkey's economy minister says that in addition to IS prompting Turkish businessmen to return to Iraq, trade with Israel remains unaffected despite the current crisis, and 2015 will see an increase in exports and decrease in deficit. Iraq
US and Iran Speak 'Same Language' in Nuclear Talks Western diplomats have said that the latest round of talks on Iran's nuclear program, the first since the election of Iranian president Hassan Rouhani, have been the most substantive and given hope that an agreement could eventually be possible. Iran