US-Israeli aggression against Iran has driven the biggest surge in global energy inflation in 25 years, according to a new report.

As the US enforces a naval blockade on the Strait of Hormuz, the hasty move signals Washington’s attempt to gain leverage in stalled negotiations but at a grave cost to the global economy, says a Chinese economist.

Iran’s Parliament Speaker Mohammad Baqer Qalibaf has issued a warning to Americans to “enjoy” today’s gas prices, adding that they will soon be “nostalgic” for $4–$5 per gallon fuel as the United States threatens to impose a naval blockade on Iranian ports.

The World Bank chief warns that the US-Israeli aggression against Iran will have a negative impact on global economy

After 35 days, US war objectives – 'regime change', nuclear rollback, and control of the Strait of Hormuz – remain unmet, while Iranian retaliation has imposed heavy military and economic costs on the US.

As the US-Israeli war of aggression against Iran enters its fifth week, the (Persian) Gulf Cooperation Council (GCC) states are reassessing massive overseas investment commitments, particularly those directed toward the United States.

A massive explosion has rattled an oil refinery in Texas, the United States, with local officials urging residents nearby to stay indoors