Brent crude, the international oil benchmark, has climbed eight percent over the past month as concerns grow over potential disruption to supplies amid the ongoing conflict. While Iran is not a major oil producer due to Western sanctions, its position controlling the Strait of Hormuz is crucial. The narrow shipping corridor accounts for around a fifth of global oil supplies, so missile and drone activity in the area poses a […]

Iran’s supreme leader has been killed in US Israeli strikes, according to a senior Israeli official speaking to Reuters. The official said Ayatollah Ali Khamenei, who had ruled Iran since 1989, is dead and that his body has been found. His compound was said to have been extensively damaged in strikes today. Within minutes of the report, Iranian state media cited the supreme leader’s office as saying the enemy is […]