U.S. President Donald Trump stated on Thursday that he harbors no regrets about initiating the Iran conflict, declaring to Fox News presenter Laura Ingraham that he would repeat the exact same actions if given the choice. According to U.S. President Donald Trump, an attack on Iran remained necessary despite potential political repercussions for upcoming midterm … Read more
Saudi Arabia condemned an Iranian attack on a national oil tanker transiting the Strait of Hormuz that resulted in the deaths of two crew members from the Philippines, according to the Saudi Foreign Ministry. Regional Condemnation and Maritime Security Stakes Neighbouring Gulf states joined Riyadh in denouncing the strike, citing severe breaches of international maritime … Read more
Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani arrived in Tehran on Thursday for high-level diplomatic talks aimed at de-escalating regional tensions and reviving failed negotiations between Iran and the United States, according to a spokesperson. His arrival represents the newest wave of diplomatic trips to the Iranian capital as negotiators strive … Read more
The United States and Iran exchanged sharp, defiant rhetoric ahead of Monday’s scheduled announcement of new U.S. economic sanctions, with Washington vowing unprecedented isolation while Tehran dismissed the move as an unlawful assertion of extraterritorial sovereignty, according to statements from officials in both countries. U.S. Treasury Prepares Historic Sanctions Against Iran The U.S. Treasury Department … Read more
The Strait of Hormuz remained blocked and ship traffic hit a three-month low as peace talks between the United States and Iran stalled over the terms of ending their five-month war, according to a CNBC analysis of trade data and statements from government officials. U.S.-Iran Peace Talks Stagnate Over Interim Agreement Terms Negotiations to revitalize … Read more
Oil prices climbed past $89 a barrel after attacks on shipping in the Middle East eroded market confidence in diplomatic efforts to reopen the Strait of Hormuz, according to data from international energy markets. Brent crude rose more than two percent overnight, with October futures standing at $89.61 at 03:00 GMT, marking a 24 percent … Read more
Iran outlined sweeping demands on Saturday to the U.S. for reopening the Strait of Hormuz, requiring Washington to lift its naval blockade and sanctions, withdraw military forces, pay war reparations, and release frozen Iranian assets, according to media reports. The conditions, laid out by Mohammad Bagher Zolghadr, Secretary of Iran’s Supreme National Security Council, also … Read more
Yemeni armed forces shot down several Houthi drones over Marib following fresh missile and drone attacks on the eastern city, according to the state-run Saba news agency on Friday. The strikes followed a Houthi military operation in Marib and Hadramawt that drew starkly differing casualty counts from military spokesmen, the Saudi-backed Joint Operations Command, and … Read more
Saudi Aramco reported a second-quarter adjusted net income of 125.2 billion Saudi riyal ($33.4 billion), a 33% year-on-year increase that exceeded analyst expectations of $31.59 billion. The surge follows severe disruptions in the Strait of Hormuz linked to Middle East conflict, which the company mitigated by routing exports through its East-West pipeline. Aramco Leverages Infrastructure … Read more
West Texas Intermediate futures for September delivery declined 4.5% to $80.89 per barrel, while Brent crude futures for October delivery lost 4.4% to $84.10 a barrel in Asia trading, according to market data reported by CNBC. Trump Cancels Strike Amid Regional Talks According to CNBC, U.S. President Donald Trump stated early Sunday that he called … Read more