Bandar Abbas: The death toll from a powerful explosion at Iran's biggest port of Bandar Abbas has risen to at least 28, with more than 700 people injured, state media reported today, as firefighters worked to fully extinguish the fire. Saturday's blast took place in the Shahid Rajaee section of the port, Iran's biggest container hub, shattering windows for several kilometres around, tearing metal strips off shipping containers and badly damaging goods inside, state media said. According to Oman News Agency, chemicals at the port were suspected to have fuelled the explosion, but the exact cause was not clear. Iran's Defence Ministry denied international media reports that the blast may be linked to the mishandling of solid fuel used for missiles.
Related Articles
Symposium Explores Means of Creating Secure, Transparent Investment Climate for Investors
Muscat: A symposium on commercial arbitration in banking, insurance, and finance contracts was today organized by the Oman Chamber of Commerce and Industry in collaboration with the Oman Commercial Arbitration Centre. The symposium emphasized the cruc…
OQBI IPO Institutional Tranche Fully Covered on Day One.
Muscat: The institutional tranche of OQBI’s initial public offering (IPO), which includes 30% of the offered shares, was fully covered on the first day of the offering. The shares were covered at the top end of the offer price range at 111 baizas per …
Oil Prices Drop to a Week Low
New York, Oil prices dropped by about one percent at the close of today’s trading session, marking their lowest level in a week. Brent crude futures fell by 79 cents, or 0.9 percent, settling at $85.75 per barrel. Similarly, West Texas Intermediate (W…
