- Conflict in the Middle East is impacting global oil prices, prompting ONS data to inform Bank of England monetary policy.
- Amidst the Middle East crisis, Iran is a key actor as Trump pushes for a peace deal while US actions are taken.
Iran demonstrated capability to cripple global energy resources, viewed as a strategic counterpoint to Israeli objectives.
1 report, 1 independent
Updated Jun 18
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What happened
Iran demonstrated capability to cripple global energy resources, viewed as a strategic counterpoint to Israeli objectives.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Amidst the Middle East crisis, Iran is a key actor as Trump pushes for a peace deal while US actions are taken.Also in this story
- Talks involving Donald Trump, Emmanuel Macron, and Shehbaz Sharif took place, with a dinner at Versailles aimed at mediating an agreement for sanctions relief on Iran.
- Donald Trump and Masoud Pezeshkian signed an initial deal calling for the termination of military operations in Lebanon.
- War causes maritime traffic jam in Strait of Hormuz, affecting oil supply from Saudi Arabia and Iraq, while an MoU is signed with Iran.
- US deploys combat aircraft and conducts military operations against Iran across the Middle East region.
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- The Islamic Revolutionary Guard Corps is the core of the Iranian regime's power structure, contributing to regional geopolitical instability and targeting Israel.
- Military action and shared interest in protecting the Middle East from Iran's nuclear threats.
- Attacks on vital energy infrastructure intensify the US-Iran war, leading to global energy supply chain disruptions and talks regarding conflict resolution.
- Trump administration is drawing up a strategy to pursue normalization between Israel and neighbors while curbing Iran's influence.
- The Center for Economic and Policy Research, co-founded by Dean Baker, is tracking how the unresolved situation in Iran is driving up prices and impacting global energy supplies.