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Future of U.S. bases in Persian Gulf uncertain after Iranian attacks
1+ hour, 15+ min ago (70+ words) Iran's attacks forced the U.S. to pull back many troops stationed in the Gulf, leaving the future of these bases in question. Future of U.S. bases in Persian Gulf uncertain after Iranian attacks Iran's attacks forced the U.S. to pull back many troops…...
Saudi-Houthis clash: Traders expect Riyadh to run out of oil stocks soon if work on east-west pipeline doesn't resume | Today News
1+ hour, 58+ min ago (493+ words) As tensions escalate in the Middle East, with the wider region being plunged into a renewed confrontation, Saudi oil buyers and traders expect Riyadh to run out of oil stocks for exports if the country does not resume operations on…...
Energy Tensions Escalate as Diplomacy Falters in Middle East | Science-Environment
2+ hour, 30+ min ago (257+ words) Energy Tensions Escalate as Diplomacy Falters in Middle East Devdiscourse Energy Tensions Escalate as Diplomacy Falters in Middle East Oil prices surged after the postponement of a key diplomatic meeting and attacks around vital Middle Eastern oil routes heightened tension…...
Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows
2+ hour, 17+ min ago (1064+ words) © chitsanupong / Adobe Stock Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher. The world’s largest crude oil exporter said…...
Yemen's Houthi Rebels Seize More Key Islands in Southern Red Sea, Tighten Grip on Shipping Routes
2+ hour, 12+ min ago (163+ words) Yemeni officials say the Houthi rebels captured more strategic islands in the southern Red Sea, strengthening their control of a major maritime shipping route Yemen's Houthi Rebels Seize More Key Islands in Southern Red Sea, Tighten Grip on Shipping Routes…...
How could Houthis' drone attacks on Saudi Arabia's oil pipeline hit India's crude supply?
13+ min ago (38+ words) | Pipeline had served as an alternative to Hormuz | Inshorts Inshorts How could Houthis' drone attacks on Saudi Arabia's oil pipeline hit India's crude supply?...
Asian shares mixed, SoftBank shares plunge after calls to slow AI industry
13+ min ago (547+ words) Asian shares are mixed and U.S. futures have edged lower HONG KONG -- Asian shares were mixed Monday, as shares of Japanese investment conglomerate SoftBank Group, a key investor in OpenAI, fell more than 10% following calls from Anthropic and OpenAI to slow…...
Trump terrified of Impact on Midterms of $6 / gal. Diesel as his War Spirals out of Control
8+ hour, 14+ min ago (337+ words) It also tells me that Trump is in deep trouble with his electorate over diesel prices, which affect commodity prices generally, and that he is desperate. According to a late August Reuters/ Ipsos opinion poll, nearly half of respondents say…...
Natural Gas and Oil Forecast: Saudi Pipeline Shutdown Deepens Global Supply Risk
4+ hour, 19+ min ago (641+ words) Oil fundamentals sharply tightened Monday following the closure of Saudi Arabia’s East-West pipeline as a result of drone attacks. The pipeline carries about 4 million barrels a day to the Red Sea port of Yanbu, representing about 4% of global supply. Industry…...
Oil above USD 108 raises rupee, inflation and margin concerns
4+ hour, 30+ min ago (364+ words) With oil prices surging over 3 per cent, amid continued disruptions in the Strait of Hormuz, analysts expect the immediate market reaction to remain “risk-off,” warning that a sustained rise in crude prices could pressure the rupee, inflation, corporate margins and…...