General

Iran Vows Retaliation After US Forces Seize Iranian Vessel

Tehran: Irans Khatam al-Anbiya military headquarters has confirmed an attack by the US military on a ship in the Gulf of Oman in a statement carried by the semi-official Tasnim news agency. Tehran vowed to retaliate “soon” against what it describes as…

European Natural Gas Prices Surge Amid Hormuz Strait Tensions

Amsterdam: European natural gas prices rose sharply on Monday after Iran reversed its decision on reopening of the Strait of Hormuz. At the Amsterdam exchange, the benchmark TTF one-month forward contract climbed nearly 6% to pound 41.02 ($48.26) per …