Middle East

The potential capture of the oil depot would require, in a first for the ongoing US Operation Epic Fury, American troops to step foot on Iranian soil.

The UAE-India free trade deal, the Israel-UAE agreement that followed the Abraham Accords, and the EU-India pact signed in January have opened new commercial routes across the region.

"The Iranians are managing to bring in money almost as usual," he said, arguing that the actual rise in energy markets is due to speculations and not an actual shortage.

Jordan and Saudi Arabia confront direct security threats while Egypt faces financial pressure from disrupted trade, tourism, and energy markets.

Human rights group says it has gathered information on 310 civilians and 2,090 Iranian members of the security forces killed in two weeks of war.

Arriving at a meeting of EU foreign ministers in Brussels, Kallas said she had spoken to UN Secretary General Antonio Guterres about the idea to unblock the strait.

For Iranians living outside the Islamic Republic, the lack of news has left many in a constant state of anxiety.

The IDF said the strike occurred overnight and targeted an aircraft used by Ali Khamenei and other senior Iranian officials and military personnel. 

Iraq has been cut off from trade via the Strait of Hormuz as the war with Iran has developed over the last two weeks.

This follows the same advice of the late Saudi King Abdullah, who had reportedly told Washington repeatedly to “cut off the head of the snake.”