Iran’s Foreign Ministry spokesperson, Esmail Baghaei, confirmed Wednesday that the country’s nuclear facilities had been “badly damaged” in American strikes over the weekend. Speaking on Al Jazeera, Baghaei refused to go into detail but conceded the strikes on Sunday by American B-2 bombers using bunker-buster bombs had been significant. “Our nuclear installations have been badly … Read more
A satellite image shows the Fordo nuclear facility in Iran in this handout image dated June 14, 2025. Maxar Technologies | Via Reuters U.S. President Donald Trump on Sunday disputed Iranian attempts to downplay the strikes on its nuclear facilities, stressing that “obliteration” was an accurate description, even though the full extent of the damage … Read more
Oil prices jumped and stock futures slipped Sunday evening, indicating concern among investors about the possibility of economic fallout from the ongoing unrest in the Middle East following U.S. strikes against Iran’s nuclear facilities. The major focus is on oil. Iran remains a major international oil supplier, and it also sits on the Strait of … Read more
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Crude oil futures jumped more than 3% Sunday after Israel struck two natural gas facilities in Iran, raising fears that the war will … Read more
General Motors said on Tuesday it is planning to invest about $4 billion USD over the next two years at three U.S. facilities in Michigan, Kansas, and Tennessee as it moves to boost production of gas-powered vehicles amid slowing electric vehicle demand. The company said it will begin production of gas-powered full-size SUVs and light-duty … Read more