Economy

“U.S. will collapse Iran’s economy by shutting down its oil industry, Treasury secretary says”

“President Donald Trump’s sanctions against Iran are designed to shut down the country’s oil industry and “collapse its already buckling economy,” Treasury Secretary Scott Bessent said Thursday. The U.S. is deploying sanctions against Iran aggressively for “immediate maximum impact,” Bessent told… Continue Reading…

Precious Metals

“Gold surges to record high after Iran’s president killed in crash”

“Bullion jumped as much as 1.1pc to hit $2,440.59 an ounce after Iranian President Ebrahim Raisi, Foreign Minister Hossein Amirabdollahian and all the other passengers onboard died when the aircraft came down in northwest Iran. His death has added to tensions… Continue Reading…

Energy

“Record-Breaking Gas Prices Prompt Iran To Boost Production”

“As great as Iran’s oil reserves are, its gas reserves are even greater, with official estimated proven natural gas reserves of 33.78 trillion cubic metres (Tcm), second only to Russia, 17 percent of the world’s total and more than one-third… Continue Reading…