Global oil prices climb markedly after renewed tensions in the Strait of Hormuz and the uncertainty of the prospects of further Iran-US negotiations.

US-Israeli strikes on Iran hit civilian and energy infrastructure, causing severe environmental damage, toxic pollution, health risks, and long-term impacts including soil and water contamination and ecological harm.

Iran says it has domesticated the construction and renovation of more than 9,500 industrial equipment in Neka Power Plant.

Iran has vehemently rejected a UAE-backed proposal adopted by IMO on a ‘maritime corridor’ in the Strait of Hormuz.

Shipping data indicates that three Iran-linked tankers entered the Persian Gulf through the Strait of Hormuz on Tuesday, the first day of a US attempt to impose a blockade.

Iran’s oil infrastructure, damaged during the US- Israeli military aggression, will return to 70 to 80 percent of its former capacity within two months, says an official.  

The collapse of the Islamabad talks due to US overreach has led to escalating global economic turmoil, with rising energy prices, inflation, and weakening dollar dominance, exposing fractures in US alliances.