According to a senior Iranian source speaking to Reuters on Tuesday, Iran wants control over inbound shipping through the Strait of Hormuz and visibility over outbound traffic under a temporary plan being discussed with Oman. The strategic waterway handles approximately one-fifth of global oil supplies and has remained largely blocked since the U.S.-Israeli war on … Read more
Spot gold rose 0.6% to $4,063.35 per ounce as oil prices fell following U.S. President Donald Trump holding off on fresh attacks on Iran, slightly easing concerns over inflation and higher interest rates, according to market data reported by Reuters. U.S. gold futures edged 0.1% higher to $4,053.70, while broader precious metals saw gains alongside … Read more
On Thursday, July 30, 2026, thousands of migrants broke through border fences into Spain’s North African enclave of Ceuta from Morocco after overwhelming police forces at the city’s breakwater, according to Spain’s Guardia Civil. State television TVE reported that between 2,000 and 3,000 people crossed the border, though Reuters was not immediately able to confirm … Read more
Samsung Electronics expects global memory chip shortages to worsen and extend into 2028, according to company executives, even as surging semiconductor prices drive massive profit growth while simultaneously squeezing the firm’s mobile division. The memory giant posted an operating profit of 89.2 trillion won ($61.7 billion) for the second quarter, marking a more than 250-fold … Read more
Saudi Arabia is currently working to build an international maritime coalition to protect commercial shipping in the Red Sea following a series of Houthi attacks, according to two people familiar with the deliberations who spoke on Wednesday. The coalition’s composition remains unfinalized while discussions continue with dozens of countries. Red Sea Security and Houthi Blockade … Read more
Oman has presented Iran with a Gulf-backed proposal to manage the Strait of Hormuz by collecting voluntary service fees from passing commercial vessels, according to a Gulf source and a Western diplomat who spoke to Reuters on Tuesday. The diplomatic push aims to resolve trade disruptions caused by the ongoing U.S.-Israeli conflict with Iran, which … Read more
President Donald Trump stated on July 27, 2026, that the United States is having “good talks” with Iran and sees a chance for a deal, while warning that U.S. air strikes will resume if negotiations fail. According to Reuters, the diplomatic opening follows an abrupt U.S. suspension of a two-week bombing campaign, though regional drone … Read more
Iran will halt its own military attacks as long as the United States maintains its latest pause on air strikes, a senior Iranian official told Reuters on Sunday. According to the senior Iranian source, Tehran’s position remains attack for attack, meaning that if the U.S. air strikes stop, Iran will also halt its operations, and … Read more
Houthi militants have escalated regional maritime tensions by launching ballistic and cruise missiles at two Saudi-flagged oil tankers, the Encelia and the Layla, in the Red Sea. According to reports from the United Kingdom Maritime Trade Operations (UKMTO) and the maritime risk management firm Vanguard, the Encelia sustained fire damage after being struck by a … Read more
Skyroot Aerospace successfully launched its Vikram-1 rocket from the Satish Dhawan Space Centre in Sriharikota, marking India’s first orbital mission conducted by a private company. The rocket reached a 450 km orbit, carrying customer payloads and experimental technology. This milestone positions India as the third nation to achieve private orbital launch capability, supporting national goals … Read more