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IRAN’S newly installed supreme leader, Mojtaba Khamenei, said the closure of the Strait of Hormuz should be maintained as a strategic lever against adversaries, marking his first public comments since assuming the country’s top leadership role. In televised remarks broadcast by Iranian state media on Thursday, Khamenei said the waterway, a critical global energy shipping […]
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GLOBAL oil prices surged past the $100 per barrel mark in early Asian trading on Monday, reaching their highest level in nearly four years as tensions around Iran intensified and Ayatollah Mojtaba Khamenei was named the country’s new supreme leader. As of the latest trading session, West Texas Intermediate (WTI) crude was priced at $104.9 […]