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ARAB CONFLICT
OPEC+ to boost crude output, but can it deliver and who will buy?OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While ...- Oil slips after OPEC+ agrees to raise output targetsOil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despi...
- Proverb of the day: 'A horse with two masters is always...' Life lessons from Chinese proverb on divided loyalty, focus, chain of command, authentic alignment, accountability and conflicting leadershipProverb of the day highlights an old Chinese saying: “A horse with two masters is always skinny; the ship with two captains sinks.” The pro...
- US pressure led 13 countries to skip Khamenei's funeral in Iran: ReportsIran's Tasnim news agency reports 13 nations reportedly withdrew or reduced participation in Ayatollah Ali Khamenei's funeral, citing US di...
- British military says cargo ship reports being under attack in the Red Sea off the coast of YemenA cargo ship faced an attack Sunday off Yemen's coast in the Red Sea, near Hodeida. Unknown assailants targeted the vessel, prompting an in...
- Hormuz disruption, border wars choke Afghanistan's auto tradeAfghanistan's vital car parts trade in Spin Boldak has ground to a halt, crippled by escalating border conflicts with Pakistan and the rece...
- OPEC+ tipped to raise quotas again as Middle East calmsSeven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from dis...
- June: 10 mbpd, May: 3 mbpd: Gulf oil exports up, but 40% below pre-war levelGulf oil exports surged past 10 million barrels daily in June, a significant jump from May, thanks to US military efforts securing the Stra...
- Oil Price Today (July 3): Crude oil heads for 4th weekly loss on Hormuz traffic, US-Iran talks. Where is liquid gold headed?Brent crude hovered near the $71-a-barrel mark after briefly dipping below that level in the previous session, while US benchmark West Texa...
- Oil slide deepens as Saudi exports reach 90% of pre-war levelBrent futures slipped to near $70 a barrel in London, hitting their lowest since the week before the Iran war began on Feb 28. Saudi Arabia...
- European nations now believe some Hormuz fees are InevitableLeading European nations now acknowledge potential fees for ships transiting the Strait of Hormuz, a shift in stance following the US-Iran ...
- Trump administration signs pact for permanent US embassy in Jerusalem as Israel hails 'unbreakable alliance'The United States on Wednesday signed an agreement to build a new embassy compound in Jerusalem, a move that Israel said reflected the "unb...
- Trump upbeat as US, Iran hold indirect talks in QatarUS President Donald Trump hailed the progress on Wednesday of indirect talks between the United States and Iran in Qatar, as the sides aime...
- Oil finds its way: Supertankers return to Persian GulfSupertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran confl...
- Asia's crude oil imports tick up in June but uncertainty reignsAsia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipmen...
- Quote of the Day by Amal Clooney: ‘My name means 'hope' in Arabic, and I was born when…’- George Clooney's wife explains why your beginnings don't define your futureQuote of the Day by Amal Clooney: Born during the war in Lebanon, Amal Clooney embodies the power of hope. Her name, which means "hope" in ...
- Rubio hails US-Gulf Arab unity despite region's persistent concerns about Iran agreementUS Secretary of State Marco Rubio assured Gulf Arab partners of unwavering support amidst ongoing negotiations to end the war with Iran. De...
- Rubio in Middle East tour says any Iran deal will ensure security of Gulf alliesU.S. Secretary of State Marco Rubio assured Gulf Arab allies that any deal with Iran would prioritize their security interests. Concluding ...
- Airlines should still avoid airspace over Iran after framework deal, EU agency warnsAviation authorities are urging airlines to steer clear of Iranian, Iraqi, and Lebanese airspace, extending advisories until July 1. Despit...
- UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEAUnited Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alterna...
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