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2026-05-19 14:38
Global oil reserves depleting rapidly amid Hormuz crisis
TEHRAN- The world is facing an "energy countdown" as global oil reserves decline at an unprecedented pace, driven by IEA warnings and the ongoing crisis in the Strait of Hormuz. The International Energy Agency (IEA) has cautioned that commercial oil inventories may only last a few weeks, urging markets to recognize the severity of the situation.
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2026-05-17 12:38
Trump's trip to China had no economic achievements: expert
TEHRAN- An economic analyst, referring to Trump's recent trip to China, said: This trip had no strategic achievements, especially in the economic sphere, for the United States, and contrary to what was imagined, it was not useful for reopening the Strait of Hormuz.