Search

1. CIA doubts Iran is close to collapse despite Trump claims war may soon end

A classified CIA assessment delivered to the US government this week has concluded that Iran could withstand a US naval blockade for at least three to four months before facing more serious economic strain, according to multiple US officials cited by The Washington Post....

2. Hormuz shuts again as Iran cites US ‘piracy’

The Strait of Hormuz has once again become the focal point of a rapidly escalating confrontation, with Iran declaring the passage effectively closed following what it describes as continued acts of “piracy” by the United States. ...

3. Oil prices drop, but drivers aren’t seeing relief at the pump

Even if tensions in the Persian Gulf begin to ease, a quick return to lower energy prices is unlikely. Reopening the Strait of Hormuz, a vital route for global oil and gas shipments, would certainly help restore supply. However, it is only one step in the recovery process....

4. Ceasefire declared as Trump claims ‘complete victory’ in Iran war

A fragile pause in the Iran war has been declared after 40 days of escalating conflict, with former US president Donald Trump announcing a two-week ceasefire and calling it a “complete victory,” even as violence continues across the region....

5. Does war create opportunities for the economy?

The ever-increasing duration of military operations in Iran shows no sign of ending anytime soon unless the United States and Israel choose to step back. While that option is at least being considered in Washington, along with the search for a pretext, it appears inconceivable in Israel to retreat from what it has framed as its own ''mother of all battles.''...

6. US to pay nearly $1 billion to kill wind project just as oil prices skyrocket

In an almost too ironic twist, the Trump administration announced it will pay French energy giant TotalEnergies nearly $1 billion to scrap plans for offshore wind farms on the US East Coast, just as global oil and gas prices spike due to the conflict in Iran....

7. Fuel and heating oil prices soar in Cyprus, petrol could top €2 per liter

Daily attacks targeting the world’s fuel supply lifeline in the Arabian Gulf have triggered an energy shock whose effects are expected to outlast the fighting itself in Iran....

8. Electricity prices to rise from May, possibly up to 20% by summer

Electricity tariffs in Cyprus are expected to rise in the coming months, with initial increases likely in May and the potential for significantly higher costs by late summer....

9. The global economy is facing severe turbulence

The Strait of Hormuz is the only maritime passage into the Persian Gulf. The de facto disruption of normal shipping through the Strait of Hormuz caused demand to fall by 80 percent, left oil tankers idle, and forced a halt to oil production because storage capacity is limited. ...

10. Two crises, seven decades apart

Exactly seventy years ago, the Suez Crisis disrupted one of the world’s most vital maritime corridors. In July 1956, during the second Arab–Israeli war, the passage was closed, marking the end of an era....

11. IEA releases record oil reserves, but Cyprus may still face rising fuel prices

A record release of emergency oil reserves by the International Energy Agency (IEA) is meant to calm global markets shaken by Middle East tensions, but experts warn the move may not be enough to prevent higher fuel prices in Cyprus....

12. Shipping costs surge as Iran war sparks new global price shock

The war in Iran and the broader geopolitical turmoil it has triggered are fueling a new and sharp surge in global shipping costs. ...

13. Oil prices climb past $116 amid Middle East tensions

Oil prices are surging at a pace not seen in years, rattling global markets as the war in the Middle East fuels fears of a major energy supply crisis....

14. Strait of Hormuz crisis leaves 35,000 sailors and cruise passengers stranded in Gulf

About 20,000 merchant sailors and roughly 15,000 cruise passengers are currently unable to leave the Arabian Gulf as tensions between the United States and Iran threaten maritime traffic through the Strait of Hormuz, according to the United Nations’ shipping agency....

15. Russia weighs redirecting gas away from Europe while Iran conflict pushes energy prices higher

Russian President Vladimir Putin has indicated that Moscow could suspend natural gas deliveries to Europe if current market conditions persist, as global energy prices climb amid intensifying tensions involving Iran....

16. Trump’s proxy war moment

President Trump wants to replace Iran’s current regime with a system friendly to the United States, essentially meaning the abandonment of nuclear ambitions and an end to support for satellite regimes that advance Tehran’s theocratic agenda....

17. Cyprus businesses on alert due to Middle East conflict

The ongoing conflict in the Middle East is causing concern among Cyprus’ business community, prompting local organizations to emphasize caution, careful monitoring, and readiness to respond to any disruptions....

18. European gas prices jump nearly 50% as Qatar halts LNG production

European natural gas prices soared Monday, with benchmark rates jumping as much as 45%, after Qatar announced a halt to liquefied natural gas production at its giant North Field plant amid escalating conflict in the Middle East....

19. Khamenei reportedly killed in massive U.S.-Israel strike on Iran

Israel says Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed following an unprecedented joint military assault by the United States and Israel, though Iranian officials insist he remains alive....

20. New generators for Dhekelia now expected in 2030

Plans to upgrade the Dhekelia power station have been pushed back again, with the Electricity Authority of Cyprus (EAC) now saying the three new generation units intended for the site are unlikely to arrive before 2030....

21. Cyprus becomes India’s gateway to Europe as landmark trade deal takes effect

A fresh momentum is taking hold in Cyprus-India commercial relations, thanks to the free trade agreement recently finalized between the European Union and India. The deal promises lower tariffs on European products and smoother access to the vast Indian market....

22. Cyprus–India event highlights the Role of Artificial Intelligence in Driving Innovation and Growth

PwC Cyprus as part of the Cyprus–India AI Impact Pre-Summit, hosted the event “Driving Innovation and Growth”, on Wednesday 14 January, at the PwC Experience Center....

23. Halloumi overtakes pharmaceuticals to become Cyprus’ second-biggest export

Cyprus’ most famous cheese is no longer just a national treasure, it’s becoming an export powerhouse. New data show halloumi soaring past pharmaceutical products in the first half of 2025, cementing its place as the country’s second-largest export after fossil fuels and oils....

24. Tehran weighs closing Strait of Hormuz

Iran is seriously considering closing the Strait of Hormuz, a vital waterway for global oil shipments, according to a report by Iranian state broadcaster IRINN....

25. Oil and gas prices surge after attack on Iran nuclear sites

Global energy prices soared and markets plunged Thursday following an attack on Iran’s nuclear facilities, intensifying fears of a wider Middle East conflict and compounding global economic pressures....

26. 78 dead in Israeli strikes on Iran, dozens wounded as tensions continue to escalate

At least 78 people were killed and more than 320 injured after Israel launched a sweeping series of airstrikes across Iran early Friday, targeting nuclear and military facilities in what officials described as a response to Tehran’s continued threats and regional aggression....

27. Cypriots brace for impact as fuel prices set to jump after Mideast strikes

Drivers in Cyprus may soon feel a serious pinch at the pump, as fuel prices are expected to rise significantly in the coming days following Israel’s military strike on Iran and the resulting spike in global oil prices....

28. Freedom24 hits 100K users in Greece, driven by digital-savvy investors

29. Cyprus’ economy set to slow down, says IMF

The International Monetary Fund (IMF) has lowered its expectations for how much Cyprus's economy will grow over the next two years....

30. The Cypriot billionaires behind the island's rise as a global business hub

Cyprus has quietly become a magnet for some of the world's wealthiest individuals, transforming the island into a hub for global business and investment. ...