Oil prices jump 5% as markets react to concerns over a potential prolonged blockade of the Strait of Hormuz.

Iran's currency hits a fresh record low as the US naval blockade continues to exert pressure on the Islamic Republic's economy.

The Iranian rial has dropped to a new record low against the US dollar, a decline attributed by observers to the ongoing US naval blockade impacting the nation's economy.

UN Development Programme warns that the conflict involving the US, Israel, and Iran could push more than 30 million people into poverty due to surging energy and fertilizer prices.

The head of the UN Development Programme stated on Wednesday that the ongoing conflict involving the US, Israel, and Iran could push over 30 million people into poverty due to rising energy and fertilizer costs.

Israel plans to sell a stake of up to 30% in its two largest defense companies this year to help fund expanding military spending.

Israel plans to sell up to a 30% stake in its two largest defense companies this year to finance increased military expenditures.

US crude oil exports hit a record of over 6 million barrels per day last week as international buyers seek alternatives to Middle Eastern supply amid the ongoing war involving Iran.

US crude oil exports reached a record high of over 6 million barrels per day last week, driven by increased demand from international buyers seeking alternatives to Middle Eastern supply amid the ongoing war involving Iran.