Canada, U.S., U.K. lay additional sanctions on Iran over attack on Israel – National

Descrease article font size Increase article font size Canada on Thursday joined the United States and United Kingdom in laying additional sanctions on Iran over its unprecedented missile and drone attack on Israel earlier this month. Foreign Minister Melanie Joly announced Ottawa was sanctioning Iran’s defence minister Mohammad Reza Ashtiani, the general staff of the … Read more

WTI at $81 as threat of Iran oil sanctions loom

A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images U.S. crude oil fell below $81 a barrel on Tuesday, the … Read more

Israel, Iran likely to avoid more escalation after latest strikes: expert – National

Israel and Iran are likely seeking to avoid further escalating their long-simmering feud into a regional war after an apparent Israeli strike last week, one Middle East expert says — but Iran may still be building a target list for the future. Israel and the United States have not commented on who was responsible for … Read more

Biden Avoids Middle East War As Israel, Iran Show Restraint…For Now

WASHINGTON (AP) — President Joe Biden can breathe a bit easier, at least for the moment, now that Israel and Iran appear to have stepped back from the brink of tipping the Middle East into all-out war. Israel’s retaliatory strikes on Iran and Syria caused limited damage. The restrained action came after Biden urged Prime … Read more

Why oil markets shrugged as Iran and Israel appeared on the brink of war

The Iranian flag above the new Phase 3 facility at the Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, in 2019. Ali Mohammadi | Bloomberg | Getty Images If investors only looked at the price of oil at the end of this week, they wouldn’t have known that Israel and Iran, OPEC’s third-largest … Read more

Calls for calm after reported Israeli strike on Iran

World leaders appealed for calm Friday after reported Israeli retaliation against Iran added to months of tense spillover from the war in Gaza, with Iranian state media reporting explosions in a central province.Israeli officials made no public comment on the attack and Iranian officials played down its significance.Iranian Foreign Minister Hossein Amir-Abdollahian said Israeli micro-drones … Read more

Israel’s Strike On Iran Prolongs Limbo For Palestinians

As open fighting between two of the Middle East’s best-armed players worsens, more than a million Palestinian lives hang in the balance. Israel on Thursday attacked Iran, in retaliation for an April 13 attack from Iranian drones and missiles, which was itself a retaliation for the Israeli bombing of an Iranian consulate on April 1. … Read more

Iran fires air defences at military base after suspected Israeli drone attack  – National

An apparent Israeli drone attack on Iran saw troops fire air defences at a major air base and a nuclear site early Friday morning near the central city of Isfahan, an assault coming in retaliation for Tehran’s unprecedented drone-and-missile assault on the country. No Iranian official directly acknowledged the possibility that Israel attacked, and the … Read more

Joly says Canada is monitoring escalating Iran-Israel tensions ‘closely’ – National

Foreign Affairs Minister Melanie Joly says Canadian officials are monitoring the situation in the Middle East “closely” after reports Iran fired air defences to thwart a suspected Israeli drone attack Friday morning. Her comment, posted on the social media platform X early on Friday, came as G7 foreign ministers are currently meeting in Italy, and … Read more

All-out war, or measured retaliation?

A banner depicting missiles and drones flying past a torn Israeli flag, with text in Persian reading “the next slap will be harder” and in Hebrew “your next mistake will be the end of your fake state”, hangs on the facade of a building in Palestine Square in Tehran on April 14, 2024.  Atta Kenare … Read more