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GULF TENSIONS
Global Market: European shares little changed as bond yields rise and gulf tensions lift oilEuropean shares were little changed on Friday, with the STOXX 600 heading for a second straight weekly decline as rising bond yields and hi...
Two vessels with 22 Indians on board hijacked by pirates in Yemen, SomaliaIn a troubling episode, pirates have seized two commercial vessels, leaving 22 Indian nationals on board. The first vessel, an oil tanker w...
Oil Price Today (August 21): Crude oil nears $95 as Iran peace deal hopes fade. What are experts saying?Crude oil Price today: An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. Pr...
Oil rises to 3-week high as Iran war impasse fuels Middle East supply concernsOil prices climbed to three-week highs as uncertainty over the Iran conflict and Strait of Hormuz disruptions raised supply concerns. Brent...
Iran dismisses US economic threats and other developments in the Middle EastIran rejected United States President Donald Trump's economic threats and isolation policies. Meanwhile, the United Kingdom and other natio...
Oil prices steady as investors assess US-Iran war outlookOil prices stabilized as market participants evaluated the potential implications of the ongoing U.S.-Iran conflict. Shipping activity in t...
Oil Price Today (August 19): Crude oil nears $92/barrel as Trump claims US in no talks with Iran. What lies ahead?Crude oil prices edged closer to $92 a barrel on August 19 as escalating Middle East tensions and diplomatic stalemates between the US and ...
'We will correct delusions of this deluded man': Iran hits back at Trump's assertion over Hormuz as 'NEW U.S. Territory'Iran has warned Donald Trump that his claims over the Strait of Hormuz will be corrected. Iranian officials dismissed Trump's assertions as...
Global Market Today: Asian equities decline as chip selloff extendsAsian stock markets witnessed a downturn as semiconductor shares plummeted sharply. The rise in bond yields and escalating oil prices contr...
Plea for pooled gas gains steam amid renewed tensions in West AsiaCity gas firms want the government to reinstate a pooled gas mechanism. This is due to ongoing supply and price uncertainties in West Asia....
Oil Price Today (August 18): Crude oil crosses $91/barrel amid fading US-Iran peace hopes. What lies ahead?Crude oil prices surged past $91 per barrel on Tuesday, August 18, as peace talks between the US and Iran stalled. With shipping disruption...
Trump threatens to 'bomb' Oman if they get in way of Hormuz dealUS President Donald Trump has threatened military action against Oman if it interferes with the US blockade of Iranian ships in the Strait ...
Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US failsIran will adopt an offensive military stance as peace negotiations with the United States have stalled. The memorandum of understanding sig...
German Bund yield hits 15-year peak, France's at highest since 2009Bond yields in the Euro zone are on the rise amid growing inflation and concerns over fiscal spending, with French yields hitting their hig...
Gulf nations growing impatient with Trump's diplomatic efforts regarding truce with Iran: ReportPersian Gulf allies express growing weariness with Iran peace deal negotiations. United States officials reject assessments of President Tr...
62 commercial vessels redirected, three disabled amid US blockade on Iran: CENTCOMUS CENTCOM said its forces have redirected 62 commercial vessels, disabled three and boarded two while enforcing a blockade against Iran. T...
Will declare Hormuz 'US territory' after defeating Iran: TrumpPresident Trump stated his intention to claim the Strait of Hormuz as United States territory. This declaration would follow a future milit...
Pakistan minister Naqvi heads to Iran amid mediation efforts to end conflictPakistan's Interior Minister Mohsin Raza Naqvi traveled to Tehran for crucial discussions. He engaged with Iranian officials regarding bila...
Batten down, ride out shipping stormShips are increasingly steering clear of the Suez Canal, resulting in port congestion and longer shipping times than usual. Driven by elect...
Iran warned Gulf neighbours of 'blackout' if US struck power plants: ReportIran issued serious warnings to Gulf neighbors about regional blackouts. This threat came after the United States considered striking Irani...