Report issues stark warning over the combined impact of geopolitical conflicts and one of the strongest ever El Niño events

In a rare move, Russian state TV aired footage of Ukraine’s strike on the Ryazan refinery as Trump blamed Kyiv for soaring diesel prices

Trump says Iran wants Hormuz reopened because it is losing, while Tehran insists only negotiations can end the war and rules out nuclear concessions

Alarm over the Strait of Hormuz dominated Europe Gulf Forum, held on the UN General Assembly sidelines, with messages from Mitsotakis, Meloni and Blair

A senior adviser to Iran's supreme leader says Tehran may push the conflict past the Red Sea if the US or Israel launches new strikes on the country

Iran says it could reopen the Strait of Hormuz in a week if the US eases pressure and lifts its blockade, a senior official told Reuters

As Houthi-Saudi fighting escalates and oil prices swing, Trump says Iran wants a deal while the seven-month conflict spreads into Yemen

Riyadh calls the incident a "red line" as Iran-backed Houthi rebels deny targeting Islam's holiest city amid a widening regional conflict

New wave of Houthi missile and drone strikes hits southern Saudi Arabia as Gulf states postpone negotiations with Iran

Riyadh has only days of stockpiled reserves left as repairs to its critical east-west pipeline remain uncertain

Fuel prices are rising again in Greece, with higher transport costs already feeding through to prices on supermarket shelves

Tehran and Muscat are working to restore limited shipping through the strategic waterway, while diplomatic efforts between Iran and the United States remain stalled and economic pressure on Tehran intensifies

Pakistan's army chief visits Tehran to revive talks as the US unveils sweeping new sanctions targeting Iran's trade partners

US Treasury Secretary Scott Bessent will unveil new Iran sanctions today, as Tehran threatens military strikes against countries aiding Washington

People close to Iran's leadership say Tehran has examined options including attacks on U.S. military assets in southeastern Europe and Cyprus if Washington launches another offensive.

Intercargo urges all sides to protect civilian seafarers and commercial shipping amid heightened security risks in the strategic waterway

Trump says the US will hit Oman "mercilessly" if it blocks American moves in the Strait of Hormuz, as the US-Iran truce nears its end

George Gerapetritis and Abbas Araghchi agreed to maintain regular technical-level contacts and keep communication channels open amid ongoing talks over the strategic waterway.