General

Iran and Oman Near Agreement on Hormuz Shipping Route

Tehran: Iran and Oman are close to agreeing on a new shipping route through the blocked Strait of Hormuz, according to officials in Tehran. The two Gulf states have agreed on the geographical coordinates of a navigation route through the strait, Irani…

Russia Sells Gold Reserves to Offset Budget Deficit

Moscow: Russia has sold significant volumes of its gold reserves so far in 2026 as the Kremlin seeks to raise cash to offset a big budget deficit. The Russian Central Bank announced recently that its gold reserves stood at 73.4 million troy ounces, or…