
Oil became this week’s clearest barometer of the Middle East crisis, with Brent hovering near US$90 a barrel and WTI around US$87.5, putting both contracts on track for their biggest weekly advance since 2020. The same factor sits behind the surge: the de facto blockage of the Strait of Hormuz, through which roughly one-fifth of the world’s oil normally passes.
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US President Donald Trump said on Friday that Cuba is going to “fall pretty soon,” while making clear that his immediate priority remains the campaign against Iran, in remarks that widened the White House’s confrontational language toward both the Middle East and Latin America. Trump made the comments in a phone conversation with CNN anchor Dana Bash.
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Iran’s Revolutionary Guards said on Thursday that their naval force struck a US oil tanker in the northern Gulf and that the vessel “is on fire,” raising fresh concerns about maritime security tied to the regional conflict and the safety of the Strait of Hormuz—one of the world’s most sensitive energy choke points.
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The British Embassy in the United Arab Emirates (UAE) urged UK nationals on Thursday to take shelter immediately, “remain indoors,” and “stay away from windows,” issuing the guidance on social media as reports of strikes and explosions spread across parts of the Middle East.
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Argentina posted its highest monthly crude output on official record in January, at a time when global energy markets are again under strain from the Iran–Israel–US conflict and renewed pressure on key supply routes.
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The United States intensified its air campaign against Iran on Tuesday as Operation Epic Fury entered its fourth day, introducing B-52 strategic bombers into combat operations and reporting that “nearly 2,000” targets have been hit so far.
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Paraguay’s government has activated intelligence, prevention and financial-control measures in the Tri-Border Area it shares with Argentina and Brazil amid escalating tensions in the Middle East, according to Internal Security Vice Minister Óscar Pereira.
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U.S. President Donald Trump threatened on Tuesday to impose a total trade embargo on Spain after Prime Minister Pedro Sánchez’s government refused to allow the use of the Rota and Morón bases for missions linked to strikes on Iran.
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Donald Trump criticized UK Prime Minister Keir Starmer for refusing to take part in strikes against Iran and said the long-standing US-UK “special relationship” is “not what it was,” in remarks carried by Britain’s The Sun and reported by Reuters.
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France will deploy anti-missile and anti-drone systems to Cyprus and send a frigate after drones struck the UK’s RAF Akrotiri air base on the island, citing Cyprus’ state-run CNA news agency and a Cypriot government source. The move comes amid a fast-moving regional escalation tied to fighting involving the United States, Israel and Iran.
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