Major stock markets traded mixed in sparse summer trading Friday, with oil prices edging higher and the dollar slipping as investors assess the outlooks for U.S. interest rates and the war in the Middle East. Data this week showing cooler inflation in the U.S. has bolstered expectations that the Federal Reserve will not rush to … Read more
No injuries were reported in the attack, which the UAE called ‘piracy’ and a threat to global energy security. Published On 14 Aug 202614 Aug 2026 The United Arab Emirates has condemned Iran for attacking two ships linked to the UAE’s national oil company in the Strait of Hormuz. The Abu Dhabi National Oil Company … Read more
A widening deficit and Ukrainian strikes are testing Russia’s economy, even as war in the Middle East lifts oil revenue. Russia’s economy has held up longer than many expected, defying Western sanctions. But four years into the Russia-Ukraine war, the strain is starting to bite. Growth is forecast to slow to its weakest pace since … Read more
The US is relying on sanctions and a naval blockade, as oil prices stabilise, easing economic strain on American consumers. Published On 10 Aug 202610 Aug 2026 United States President Donald Trump has said Washington is relying on economic pressure rather than new military strikes to push Iran towards making a deal. “We are low-keying … Read more
Yemen’s state-run Saba news agency reported on Friday that Houthi rebels had launched fresh missile and drone attacks on the eastern Yemeni city of Marib, a day after a series of strikes on government military positions left dozens dead and wounded. Yemeni armed forces shot down several Houthi drones over Marib, according to the report. … Read more
Negotiations between Iran and Oman over the Strait of Hormuz concern vessel movement and navigation routes, not reopening the strategic waterway, a senior Iranian lawmaker said. Behnam Saeedi, first secretary of Iran’s Parliament National Security and Foreign Policy Commission, said the talks “are in no way about” reopening the strait. President Trump has said a … Read more
Leadership in Iran should capitalize on a “window for diplomacy” with the US, former Iranian Foreign Minister Mohammad Javad Zarif has said, suggesting that the current stage of the conflict may help Tehran negotiate itself into a better position on the world stage. Zarif, who does not currently serve within the Iranian political system, made … Read more
Trump later told reporters at the White House that negotiations with Tehran were “going on right now.” “It’s an amazing thing we have a little problem with Iran because we have many talks, and we’ll say we have or we don’t have. You know, we’re straight about it, but they deny it,” Trump said. “But … Read more
President Trump has responded to Tehran’s dismissal of his claim that U.S.-Iran talks were set to restart Monday, calling the country’s leadership “unbelievably duplicitous” and saying they begged for talks. Mr. Trump said on Sunday that he had called off massive strikes on Iran because Gulf allies and Tehran had asked him to give diplomacy … Read more
An oilfield crew, contracted by the Railroad Commission of Texas (RRC), works a service rig during a state-funded oil well plugging operation in Midland, Texas, US, on Thursday, Sept. 25, 2025. Eli Hartman | Bloomberg | Getty Images Oil prices fell Monday in Asia trading as investors pared geopolitical risk premiums after U.S. President Donald … Read more