US and Iran escalate for a seventh night as Hormozgan casualties and tanker blasts reported
Iranian state media has reported that US attacks killed three people and wounded eight in the southern province of Hormozgan, as the confrontation with Washington entered a seventh consecutive night. The same reports said two oil tankers exploded after hitting mines in the Strait of Hormuz, while Iranian forces said they stopped four ships from trying to transit the waterway. The developments add a maritime dimension to an already widening exchange of strikes across Iran and the Gulf.According to the supplied material, the deputy political, security and social affairs governor of Hormozgan announced the deaths and injuries after what he... [Continue Reading]
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Iraq signs deals to rebuild Kirkuk-to-Baniyas pipeline and cut reliance on Strait of Hormuz
Iraq has signed preliminary agreements with Western oil firms to rebuild the long-defunct Kirkuk-to-Baniyas crude pipeline, in a move aimed at widening its export options beyond the Strait of Hormuz. The deals were announced at a United States-Iraq business summit at the US Chamber of Commerce in Washington on Friday. Iraq and Syria also signed a cooperation agreement to reconstruct the pipeline, which links northern Iraq's Kirkuk oil region with Syria's Mediterranean port of Baniyas.The state news agency said Chevron will carry out the project under the agreement. The US Department of State said it welcomed the plan and described... [Continue Reading]
Trump touts June inflation drop and claims prices are falling across the economy
President Donald Trump made multiple posts on Truth Social in the last hour: - "Such great news in June's Inflation Numbers! Prices FELL by the most in a single month in over six years. The June CPI was below the forecast of every single Economist (67!) that Bloomberg polled. Prices were down across the board including for Gasoline, Electricity, Auto Insurance, Hotels, and Prescription Drugs. With strong Wage Growth and a decline in Prices in June, Real Wages rose a massive 0.8%. As Investment pours into our Country, Factory Construction surges, Manufacturing Jobs rise, and Prices fall, there is so... [Continue Reading]
Wall Street closes mixed as chip rout deepens, Apple and energy buck the selloff
Executive summary: US stocks finished lower in a broad risk-off session led by a sharp slide in semiconductor and tech shares, while Apple, Microsoft, energy and some defensive pockets outperformed. The Nasdaq Composite fell -2.9%, the S&P 500 lost -1.6%, and the Dow slipped -0.9%, as AI and chip names absorbed the heaviest pressure. WTI crude climbed +4.3% and gold edged higher, reinforcing the day’s rotation toward energy and select havens. [Continue Reading]
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Germany deepens energy and strategic ties with Algeria during Tebboune visit
Germany has used a high-profile visit by Algerian President Abdelmadjid Tebboune to signal a broader push to strengthen energy and economic ties with Algiers. Tebboune was welcomed with military honours at Villa Borsig in Berlin, where German and Algerian officials held talks alongside a bilateral economic forum. The visit centred on energy security, industrial cooperation and supply-chain diversification, with both sides presenting the relationship as more than a narrow gas partnership.Officials said 30 agreements were signed between German and Algerian companies at the forum in Berlin. The deals covered hydrocarbons, renewables, energy transition, pharmaceuticals, manufacturing and advanced technology, while Chancellor... [Continue Reading]
Gulf states accelerate oil export alternatives as Hormuz disruption deepens
Oil-exporting states around the Gulf are moving faster to reduce their dependence on the Strait of Hormuz as renewed attacks on tankers and the wider US-Iran war disrupt one of the world's most important energy corridors. The latest reporting says the strait is closed again, commercial vessels have been struck while transiting the waterway, and governments are now planning more pipelines and even a new port to keep crude moving. The developments underline how quickly the conflict has turned a narrow shipping lane into a central pressure point for global energy supplies.The immediate concern is the scale of the traffic... [Continue Reading]
Russian strikes hit Ukrainian port infrastructure and vessels as deaths rise in Mykolaiv, Kherson and Odesa
Russian drone attacks hit port infrastructure in the southern Ukrainian city of Mykolaiv on Friday, damaging three foreign-registered vessels, according to local prosecutors. Officials said two Ukrainians were killed aboard one of the ships, while separate attacks in Kherson and Odesa also left people dead. The strikes came as Ukraine reported a fresh wave of maritime attacks in the Black Sea and the Sea of Azov.Local officials said a Russian drone attack in Kherson killed a woman and injured six other people, while an attack in Odesa killed a man. Serhii Lysak, head of the Odesa City Military Administration, said... [Continue Reading]
Europe closes mixed as FTSE 100 outperforms, Brent jumps and autos slide on risk-off rotation
Executive summary: European markets ended the session mixed, with the FTSE 100 rising +0.8% while the DAX, CAC 40 and Euro Stoxx 50 all finished lower. Brent crude climbed +4.0%, gold edged higher and silver fell, while global autos were the sharpest sector loser in the data, dropping -8.6%. Currency moves were modest, with sterling and the euro firmer against the dollar and USD/JPY slightly higher. [Continue Reading]
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UK fuel prices rise again as Iran war tensions return
UK petrol and diesel prices are rising again after peace talks aimed at ending the US-Israel war with Iran collapsed. The move comes as Brent crude, the global oil benchmark, has climbed back to around $87 a barrel after falling sharply in early July. Motoring groups say the latest increase is likely to feed through to forecourts over the coming days and weeks.The latest data cited by the RAC show petrol averaging 152.54p a litre and diesel 167p a litre, both up from their early-July lows. The RAC's head of policy, Simon Williams, said the increases are likely to keep... [Continue Reading]
Wall Street Opens Sharply Lower as Chip Rout Deepens, Energy and Banks Buck the Selloff
Executive summary: US equities opened under heavy pressure, led by a steep drop in semiconductor and technology shares. The Nasdaq Composite fell -3.9%, the S&P 500 slipped -1.9%, and the Dow Jones was down -0.5% at the latest reading. Energy stocks outperformed with XLE up +5.2%, while banks and financials gained +1.8%. The move points to a sharp rotation out of AI and chip exposure and into more defensive or commodity-linked pockets as crude oil rose and gold eased. [Continue Reading]
Ukraine says it destroyed Tu-95 bomber at Russia's Engels air base
Ukraine says it has destroyed a strategic Tu-95 bomber at Russia's Engels air base, in a long-range strike that President Volodymyr Zelenskyy said hit an aircraft previously used for missile attacks on Ukraine. The base is about 800 km from the Ukrainian border, according to the supplied report. Ukraine also said it struck facilities belonging to Russia's oil industry in the same operation.Zelenskyy said on social media that the military plane had been used by Russia for missile strikes on Ukraine. He said Ukrainian forces were acting "justly and proactively" and added that they were increasing the price Russia pays... [Continue Reading]
Iranian strikes hit Gulf and regional states as US campaign intensifies
Iran launched missiles and drones against several countries across the Gulf and wider region overnight as the United States intensified its air campaign against Iran. Reports on Friday morning said Bahrain, Iraq, Kuwait, Oman and Qatar, as well as Jordan and Syria, were forced to take defensive action. The latest exchange came on a sixth night of US strikes on Iran, widening the confrontation beyond Iranian territory.In Qatar, which hosts major US military facilities, the security threat level was raised after loud explosions were heard across parts of Doha early on Friday. Warning sirens sounded and residents received security alerts... [Continue Reading]
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Noontime News Recap: Iranian missile barrage over Doha deepens regional tensions as Israel heads to election
Qatar said its air defences intercepted a fresh Iranian missile barrage over Doha on Friday, after explosions were heard and the security alert was raised, underlining the widening fallout from the confrontation between Iran and the United States. 🔗In the wider Middle East, Israel's parliament has been dissolved, setting the country on course for national elections on October 27 and ending the 25th Knesset. 🔗 At the same time, a Trump backed Gaza reconstruction plan has been cut back to a limited pilot camp near Rafah, far smaller than the original proposal. 🔗Germany has renewed its push for a European... [Continue Reading]
Europe Opens Mixed as FTSE Outperforms, Autos and Silver Slide, Brent and Gold Firm
Executive summary: European markets opened with a split tone, as the FTSE 100 and Euro Stoxx 50 edged higher while the DAX slipped. The biggest moves in the supplied cross-asset snapshot came from global autos and silver, both sharply lower, while Brent crude, gold, the euro and sterling all posted modest gains. The pattern points to a market balancing firmer energy prices, a softer risk tone in parts of cyclicals, and continued currency moves that may be shaping the regional equity backdrop. [Continue Reading]
Pakistan warns renewed West Asia tensions could hit economy again
Pakistan's prime minister has warned that renewed tensions in West Asia could again affect the country's economy, as the government reviews preparedness and resource planning. Shehbaz Sharif chaired a meeting in Islamabad to assess the impact of the regional situation and directed officials to remain fully ready for possible challenges. The warning comes as the wider conflict in the region continues to intensify, raising concern in Pakistan about fuel supplies, prices and broader economic stability.According to a statement from the Prime Minister's Office, the meeting included a report on austerity and cost-cutting measures. Officials said adequate reserves of petroleum products... [Continue Reading]
Tokyo opens lower as Nikkei slips, Kospi extends rout and Hong Kong jumps on a volatile Asia-Pacific session
Executive summary: Asia-Pacific markets opened with a sharp split, Japan and South Korea under pressure while Hong Kong and Australia held up better. The Kospi led losses with a -6.5% drop, the Nikkei 225 fell -1.3%, and the Hang Seng surged +4.1%. Moves in metals, oil and FX added to the mixed tone, with gold slightly lower, WTI crude higher, and USD/JPY edging up. [Continue Reading]
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BIMSTEC security chiefs agree on joint action against terror and maritime threats in New Delhi
Security chiefs from BIMSTEC member states met in New Delhi on Thursday and agreed to deepen coordination on terrorism, organised crime and maritime security. The meeting was hosted by India's National Security Adviser Ajit Doval and brought together national security advisers and heads of delegations from the regional grouping. The discussions also covered cyber, energy and disaster-management cooperation, according to an official statement.The meeting endorsed new guiding principles for maritime law enforcement interactions at sea. It also adopted guidelines for the maritime component of humanitarian assistance and disaster relief, which officials said are intended to help member states carry out... [Continue Reading]
Wall Street closes mixed as megacap tech rebounds, chips and cyclicals lag
Executive summary: US equities finished mixed, with the S&P 500 nearly flat, the Dow edging higher, and the Nasdaq Composite lower as a sharp selloff in semiconductor shares outweighed gains in Apple, Meta, Microsoft and Nvidia. Energy, banks and some metals held up, while gold and silver softened and crude oil rose modestly. The session points to a rotation within equities rather than a broad risk-off move, even as AI-linked hardware names came under heavy pressure. [Continue Reading]
Tankers in Strait of Hormuz described as 'highly targeted' as southern corridor is shut
Commercial tankers transiting the Strait of Hormuz in recent weeks were not random victims, but part of what shipping watchers described as a "highly, highly targeted" campaign, according to the supplied report. The latest disruption centres on the narrow waterway linking Gulf producers to global markets, where traffic has already been choked by Iranian action. The report says the pressure has now extended to the southern corridor, a route that hugs the Omani coastline and had been used as an alternative for oil and gas shipments.The supplied material says Iran decided last week to shut down that southern route as... [Continue Reading]
Day News Recap: Iran, Ukraine and Gaza flare as markets track oil jump and mixed equities
The biggest escalation came in the Gulf, where the United States said it had carried out strikes across southern Iran for a fifth day and disabled tankers that ignored repeated warnings, as Washington reimposed a blockade and tensions with Tehran deepened. Iranian officials said the attacks had spread across the south, while a Tehran billboard showing Donald Trump in a coffin underlined the hardening mood. 🔗 🔗 🔗 🔗The confrontation also raised wider shipping fears. India told shipping firms not to deploy Indian seafarers on vessels transiting the Strait of Hormuz, and analysts said a June memorandum on the waterway... [Continue Reading]
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Europe closes mixed as DAX slips, FTSE 100 outperforms on firmer oil and metals
Executive summary: European markets ended the session mixed, with the DAX falling -1.0% while the FTSE 100 gained +0.8%. Commodities were broadly supportive for resource-linked assets, with Brent crude, gold, platinum and palladium higher, while natural gas and silver declined. FX moves were modest, with sterling firmer against the dollar and the euro slightly higher. The standout equity move in the data was global autos, which dropped sharply, suggesting pressure on cyclical and trade-sensitive names. [Continue Reading]
Kyiv protests erupt after Zelenskyy sacks defence minister in reshuffle
Hundreds of people gathered in central Kyiv on Thursday after President Volodymyr Zelenskyy dismissed defence minister Fedorov as part of a wider government reshuffle. Protesters marched through the streets carrying banners reading "The army is the priority" and chanting "Shame". The demonstration came as parliament also accepted Prime Minister Yulia Svyrydenko's resignation and approved Serhii Koretskyi, the former head of energy firm Naftogaz, as her successor.The dismissal has added a public dimension to a political reset that was already under way in Kyiv. Fedorov, who had been in the post for six months, was seen by supporters as a moderniser... [Continue Reading]
Wall Street Opens Mixed as Chips and Tech Slide, Energy and Banks Lead Early Rotation
Executive summary: U.S. equities opened mixed, with the S&P 500 nearly flat while the Nasdaq and Russell 2000 slipped and the Dow edged higher. The sharpest move was in semiconductors, where SOXX fell nearly 8%, while energy, banks, crude, and several metals gained. The opening tone points to a rotation away from growth and AI-linked names and toward cyclical and inflation-sensitive assets. [Continue Reading]
Protests spread across Ukraine as parliament prepares to vote on wartime government
Hundreds of people have protested in central Kyiv after President Volodymyr Zelenskyy dismissed Defence Minister Mykhailo Fedorov, with demonstrations also reported in Lviv, Odesa and Dnipro. Crowds gathered near the Ivan Franko National Theatre, close to the presidential office, and called on Zelenskyy to reverse the decision. The protests came as Ukraine's parliament prepared to vote on a new wartime government later on Thursday.Local reports said demonstrators in Kyiv chanted "Shame!" and carried placards reading "The Russians are celebrating". The dismissal is part of a wider government overhaul that also saw Prime Minister Yulia Svyrydenko leave office. Lawmakers were expected... [Continue Reading]
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Breakfast News Recap: Iran, Ukraine and markets jolted by fresh strikes, while UK politics and trade shift
The biggest escalation came in the Gulf, where the United States said it carried out fresh strikes across Iran, including on Greater Tunb island, after Tehran began targeting vessels in the Strait of Hormuz and the Arabian Gulf. Commercial shipping was being redirected as the confrontation widened and the US said it disabled a Curacao flagged tanker that ignored repeated warnings. 🔗 🔗 🔗 🔗Iran said the attacks had hit sites across its south over the past week, while the latest exchanges underlined how quickly the conflict around the Strait of Hormuz is spreading into maritime traffic and regional bases.... [Continue Reading]
Europe Opens Mixed as Metals Surge, Ether Jumps and Brent Holds Firm on Supply Fears
Executive summary: European markets opened mixed, with the FTSE 100 and CAC 40 edging higher while the DAX and Euro Stoxx 50 slipped. The strongest moves were in commodities and crypto, where platinum, palladium and Ether posted sharp gains, while Brent crude stayed elevated and gold held above $4,000. FX also leaned toward a softer dollar, with EUR/USD and GBP/USD both firmer. The pattern points to a market balancing inflation-sensitive commodity strength against uneven equity sentiment and lingering geopolitical risk. [Continue Reading]
UK economy returns to growth in May after April contraction
The UK economy returned to growth in May, expanding by 0.1% after shrinking in April, according to the latest official figures. The Office for National Statistics said the rebound was driven by the services sector, while production and construction both fell. The data offers a modest improvement after the previous month's contraction, but it also points to an uneven recovery across the economy.The ONS said the economy grew by 0.7% in the three months to May compared with the previous three-month period. Liz McKeown, director of economic statistics at the ONS, said the economy recorded robust growth over that period,... [Continue Reading]
US disables tanker in Arabian Gulf during Iran blockade enforcement
The United States said its forces disabled a Curacao-flagged oil tanker in the Arabian Gulf after the vessel ignored repeated warnings and continued toward an Iranian port. According to US Central Command, the unladen M/T Belma was transiting international waters toward Kharg Island when it was stopped. The vessel was hit after a US aircraft fired Hellfire missiles into its smokestack, CENTCOM said.CENTCOM said the tanker had attempted to violate what it described as a US blockade. In a statement posted on social media, the command said the ship was no longer transiting to Iran after the strike. It also... [Continue Reading]
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French PM Lecornu's Morocco visit advances diplomatic reset
French Prime Minister Sebastien Lecornu has begun his first official foreign visit in Morocco, in a two-day trip that runs from July 15 to 16. The visit is being used to deepen the recent rapprochement between Paris and Rabat into a broader strategic partnership. It comes after France recognised Moroccan sovereignty over Western Sahara in 2024, a move that ended years of diplomatic ambiguity.Lecornu is travelling with about a dozen ministers, according to the supplied report, and the talks are covering defence, security, economic cooperation and investment. The visit is taking place in Rabat and is being presented as a... [Continue Reading]
Tokyo Opens Higher as Oil Jumps, Hang Seng Leads Asia-Pacific Gains, Yen Edges Firmer
Executive summary: Asia-Pacific markets opened with a mixed but broadly constructive tone, led by a stronger Hang Seng and modest gains in Tokyo and Sydney. The biggest cross-asset move was in WTI crude, which surged more than 12%, while gold and silver slipped and the yen firmed slightly against the dollar. The move set up a session where energy, inflation expectations, and risk appetite are likely to dominate trading. [Continue Reading]
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US military to begin testosterone screening for service members aged 30 and older
The US military will begin screening active duty and reserve personnel aged 30 and older for testosterone deficiency, according to Defense Secretary Pete Hegseth. The program takes effect immediately and is being presented as part of an effort to restore and optimise troop capabilities. Service members under 30 will be able to request testing.Hegseth announced the policy in a video posted on X, where he said the aim was to ensure troops have the right testosterone levels to operate at their best. Pentagon spokesperson Sean Parnell said the mandatory screening will apply to all active duty and reserve component personnel... [Continue Reading]
Wall Street closes higher as Meta surges, oil jumps and megacap tech powers a broad risk-on session
Executive summary: US stocks finished higher, led by a sharp rally in Meta and gains across Apple, Nvidia, Microsoft and Amazon. The move came alongside a powerful jump in WTI crude, firmer energy and financial shares, and a stronger tone in crypto and industrial metals. Some defensive and rate-sensitive pockets lagged, including silver, defence stocks and parts of the chip complex. [Continue Reading]
Day News Recap: US Iran conflict escalates as oil jumps and global flashpoints multiply
The biggest story was the sharp escalation in the US Iran confrontation, with Washington resuming daylight air strikes, restoring a naval blockade on Iranian ports and warning that power plants and bridges could be hit next if Tehran does not back down. The renewed pressure has raised fears of a wider conflict around the Strait of Hormuz and pushed oil prices higher again. 🔗 🔗 🔗 🔗 🔗Tensions also spread beyond Iran itself. Iranian state media said a drone struck a military base used by the United States in Kuwait, and Kuwait separately confirmed attacks and damage, while the death... [Continue Reading]
Europe closes mixed as oil spikes, metals diverge and crypto rallies on risk appetite
Executive summary: European equities finished mixed, with the FTSE 100, CAC 40 and DAX posting modest gains while the Euro Stoxx 50 slipped. The biggest cross-asset move was in Brent crude, which jumped nearly 10% and helped keep inflation and rate expectations in focus. Ether also surged more than 8%, while gold and silver fell, underscoring a sharp rotation across commodities and risk assets. [Continue Reading]
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Iraqi prime minister meets Trump in Washington as US warns over armed groups
Iraqi Prime Minister Ali al-Zaidi has met US President Donald Trump at the White House in talks that focused on deepening economic ties, raising Iraq's oil output and broadening cooperation between the two governments. The meeting came as Washington and Tehran remain locked in renewed escalation, putting Iraq in a difficult position between two relationships it says it cannot afford to damage. Trump described al-Zaidi in warm terms during the visit, while both sides signalled interest in expanding economic engagement.Later in the day, US Defence Secretary Pete Hegseth warned Iraq to disarm Iran-aligned armed groups operating in the country. The... [Continue Reading]
Wall Street Opens Higher as Oil Jumps, Crypto Rallies and Banks Lead Early Gains
Executive summary: US equities opened broadly higher, with the S&P 500, Nasdaq Composite and Dow Jones all advancing in early trade. The biggest cross-asset move was in energy, where WTI crude surged more than 12%, while Ether and Bitcoin also climbed sharply. Banks, energy stocks and tech shares were among the early winners, while gold, silver, defence stocks and natural gas traded lower. [Continue Reading]
IMF warns oil buffers are running low after Hormuz disruption
The International Monetary Fund has warned that depleted oil reserves have left the global economy more exposed after the latest disruption to the Strait of Hormuz. The warning comes as oil prices have risen by more than 10% following the most recent closure of the waterway. The IMF said the world was spared a more severe shock because of large reserves, but that those buffers are now running low.In a note cited in the supplied material, the fund said lower oil consumption in Asia and higher production outside the Gulf helped absorb part of the price shock. It said global... [Continue Reading]
Breakfast News Recap: US Iran tensions deepen as oil rises and Gaza, Ukraine and Asia face fresh shocks
Oil prices rose for a second session as the United States restored a naval blockade on Iranian ports, sharpening pressure on shipping routes and energy markets just as Donald Trump threatened to widen strikes on Iran to include power plants and bridges if Tehran does not back down. 🔗 🔗 🔗The confrontation also spread beyond the Gulf, with Trump dropping a planned 20% cargo fee on traffic through the Strait of Hormuz and saying Gulf states would instead make investment and trade commitments, while the Strait remained the central fault line in the fast deteriorating stand off. 🔗 🔗Iran said... [Continue Reading]
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Europe Opens Mixed as Brent Jumps, DAX Leads Gains and Gold Softens
Executive summary: European markets opened with a split tone, as the DAX outperformed, the FTSE 100 and CAC 40 edged higher, and the Euro Stoxx 50 hovered just below flat. The biggest cross-asset move was in energy, where Brent crude surged more than 13%, while gold and silver slipped. FX was comparatively calm, with the euro and sterling slightly firmer against the dollar. [Continue Reading]
Tokyo and Asia-Pacific Close Higher as Oil Jumps, Gold Slips and Risk Appetite Holds
Executive summary: Tokyo and broader Asia-Pacific equities finished higher, led by a strong Nikkei 225 advance and gains in Hong Kong, Australia and South Korea. The session was shaped by a sharp jump in WTI crude, a weaker gold price, firmer Ether and a softer yen and yuan versus the dollar. The move set up a mixed cross-asset picture, with energy and some industrial metals outperforming while precious metals were split. [Continue Reading]
Indian seafarer confirmed dead after attack on GFS Galaxy off Oman coast
The Indian crew member who had been reported missing after an attack on the commercial vessel GFS Galaxy off the coast of Oman has now been confirmed dead. The confirmation came from the seafarer's family, according to the supplied report, after earlier accounts said one Indian national remained unaccounted for. The vessel had 11 Indian nationals on board when it came under attack, and 10 were rescued.India's Ministry of External Affairs said at the time that it condemned the attack on the vessel and that its embassy in Oman was closely monitoring the situation. It said it was coordinating with... [Continue Reading]
US Senate revises Russia sanctions bill to soften tariffs on India and China
US senators have introduced a revised Russia sanctions bill that would ease proposed tariff measures aimed at major buyers of Russian oil and gas, while keeping broader pressure on Moscow. The legislation was first tabled in April 2025 and has now been updated as lawmakers seek to move it forward with bipartisan backing. It comes as the United States continues to weigh how to punish Russia over its energy revenues without sharply widening the economic impact on other countries.Under the revised proposal, the maximum tariff on the five largest buyers of Russian oil and natural gas would be cut to... [Continue Reading]
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Trump threatens expanded strikes on Iran's power plants and bridges next week
US President Donald Trump has threatened to expand American attacks on Iran next week, saying power plants and bridges could be targeted if Tehran refuses to negotiate a peace deal. He said in an interview that the offensive would continue for as long as he considered necessary. The remarks came after new US strikes on Iran's southern coast, according to the supplied material.Trump said US officials had spoken with Iranian counterparts on Tuesday and had again pressed Tehran to reach an agreement. He warned that the situation would become much worse for Iran next week, adding that power plants and... [Continue Reading]
Oil prices rise again as US reimposes naval blockade on Iranian ports
Oil prices rose again after the United States reimposed a naval blockade on Iranian ports, adding to pressure on energy markets and shipping routes in the Gulf. The move also came after Donald Trump abandoned plans to charge ships a 20% protection fee for crossing the Strait of Hormuz. The Strait is one of the world's most important maritime chokepoints, so any change in access or security there can quickly affect trade and prices.The latest market reaction followed a jump of more than 10% in crude prices the previous day, with Brent futures later trading higher again. By 7:55am AEST,... [Continue Reading]
New York imposes one-year moratorium on large hyperscale data centres
New York State has imposed a one-year moratorium on the construction of large new hyperscale data centres, becoming the first state in the United States to do so. The pause applies to projects that use 50 megawatts of power or more, and it will block new discretionary permits during the review period. Governor Kathy Hochul announced the move on Tuesday, saying the state needs time to build a regulatory framework for the sector.The state said the decision is intended to address concerns about rising utility costs, electricity demand and pressure on local water supplies. Hochul said the policy is meant... [Continue Reading]
US-Russian Soyuz mission launches to ISS from Baikonur
A joint US-Russian space mission has launched from Kazakhstan and is now in orbit on its way to the International Space Station. The Soyuz MS-29 spacecraft lifted off from the Russia-operated Baikonur Cosmodrome on Tuesday morning, carrying Russian astronauts Pyotr Dubrov and Anna Kikina and NASA astronaut Anil Menon. The crew is scheduled to dock at the ISS later, where they are expected to stay for eight months.NASA Administrator Jared Isaacman attended the launch, making what was described as a rare visit to Baikonur and the first by a NASA chief in eight years. Before liftoff, he met Dmitry Bakanov,... [Continue Reading]
Cuba suffers third nationwide blackout in less than 10 days as grid collapses again
Cuba's national power grid collapsed again on Tuesday, leaving about 10 million people without electricity in the island's third nationwide blackout in less than 10 days. The outage began around 11am local time, when the entire electrical system went offline, according to the state-run electricity company UNE. The Ministry of Energy and Mines said there had been a total disconnection of the electrical system.Officials said the latest failure affected the whole island and marked the fifth nationwide blackout in 2026. The repeated outages have become a major test for the country's power infrastructure, which has been under strain for months.... [Continue Reading]
UAE plans east coast port to bypass Strait of Hormuz amid regional shipping disruption
The United Arab Emirates is planning a new deepwater port on its east coast that would allow cargo to bypass the Strait of Hormuz, according to the supplied material. The project is intended to reduce reliance on one of the world's most strategically vulnerable shipping routes after months of conflict between Iran and the United States. Dubai-based DP World is expected to develop the port in Fujairah, alongside a new terminal at the existing harbour in the same emirate.The supplied rows say the new facility would let cargo enter the UAE through the Gulf of Oman and then move overland... [Continue Reading]
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EU races to agree new Russia sanctions before oil-price deadline
European Union ambassadors were holding last-ditch talks in Brussels on Tuesday in an effort to finalise a new sanctions package on Russia before a deadline that could force a higher cap on Russian oil prices. The proposed measures are intended to keep pressure on Moscow's energy revenues, which remain a central source of funding for the war in Ukraine. Officials said the talks were taking place after several member-state objections delayed agreement on the bloc's 21st sanctions package since Russia's full-scale invasion in 2022.If no deal is reached by Wednesday, the EU could be required to raise the oil price... [Continue Reading]
Australia warns of active Russian-linked hackers targeting critical industries
Australia's signals intelligence agency has issued a fresh warning that Russian-linked hackers are actively targeting critical industries across the country. The alert covers sectors including defence, communications, energy and financial services, with state and local government agencies also identified as vulnerable. The warning says the attackers are exploiting poorly secured network devices and outdated software to gain access to information.The Australian Signals Directorate said the hackers are using simple methods such as targeting poorly protected routers and guessing default passwords. It said the activity is linked to actors operating on behalf of Russia's Federal Security Service, and that the campaign... [Continue Reading]
Ukraine and allies launch anti-ballistic missile coalition in Paris
Ukraine and nine European countries have announced a new coalition to develop a shared anti-ballistic missile capability, in a move unveiled during talks in Paris. The announcement came as leaders gathered for a Coalition of the Willing summit focused on support for Ukraine and pressure on Russia to end the war. The plan is intended to strengthen Europe's ability to respond to ballistic missile threats, which the countries involved described as growing.The coalition includes Denmark, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden, Ukraine and the United Kingdom. In a joint statement, the leaders said they wanted to build an... [Continue Reading]
Aliyev says peace remains possible at global media forum in Shusha
Azerbaijan's President Ilham Aliyev told a global media forum in Shusha on Monday that peace remains achievable, even as he pointed to instability in regions around his country. Speaking at the Shusha Global Media Forum, he said: "We believe peace is possible." His remarks came as he addressed an audience of international media professionals gathered in the city. Aliyev linked the discussion to wider regional developments, saying that conflict elsewhere had increased the importance of transport and connectivity routes through Azerbaijan.He said the situation in the Middle East had made one corridor "more attractive," and argued that the country's role... [Continue Reading]
Russia fuel shortages and unrest add pressure on Putin amid war-linked oil strikes
Russia's petrol shortage is being described as reaching a breaking point, with reports of fights at fuel stations and growing pressure on Vladimir Putin over the strain on supplies. The disruption is being linked to Ukrainian strikes on key oil facilities, which are said to be damaging the Russian economy and worsening the fuel crisis. The reported unrest has spread across several locations, including Penza, Moscow, Ryazan, Serov and parts of Siberia.According to the supplied report, motorists in Penza fought after accusations that some drivers were jumping the queue. In Moscow, a woman said a man threatened her with a... [Continue Reading]
Qatar announces death of former emir Sheikh Hamad bin Khalifa Al Thani at 74
Qatar's Amiri Diwan has announced the death of Sheikh Hamad bin Khalifa Al Thani, the former emir who ruled the country from 1995 to 2013. He died this morning at the age of 74, according to the statement. Sheikh Hamad was widely seen as a central figure in shaping modern Qatar.The emir's office said it mourned "the great loss to the nation" and described him as the Father Emir. It said he passed away on Sunday morning, without giving further details on the circumstances of his death. Sheikh Hamad stepped aside in 2013 and handed power to his son, Sheikh... [Continue Reading]
Khamenei funeral and Iran escalation around the Strait of Hormuz intensify
Millions of people in Iran have reportedly attended the funeral of Supreme Leader Ali Khamenei, according to the supplied material, as the country's confrontation with the United States and its allies continues to dominate the regional agenda. The event was presented as both a public mourning ceremony and a carefully managed political moment. The Strait of Hormuz remains central to the wider escalation, with the ceasefire described in the rows as having collapsed.The material says hundreds of foreign reporters and social media influencers were granted rare access to Iran to cover the funeral, suggesting Tehran is placing strong emphasis on... [Continue Reading]
GAS, GOD, AND GUNS: The Secret Agenda Behind the Washington Talks and the Death of the Maritime Border
The mahogany tables of the U.S. State Department are hosting a ghost today. As official delegations from Israel and Lebanon convene for a third round of high-stakes negotiations this Friday, May 8, 2026, the air in Washington is thick with the scent of a "peace" that looks increasingly like a strategic ambush. While the world watches the diplomatic theatre, the reality on the ground in Southern Lebanon tells a story of a predatory recalibration. Prime Minister Netanyahu isn’t just looking for a ceasefire; he is aiming to hit three birds with one single, devastating stone: the annexation of land, the... [Continue Reading]
The Great Uncoupling: Abu Dhabi’s Sovereign Gambit
The UAE’s decision to cut ties with OPEC is far more than a mere adjustment of energy policy, for it functions as a political telegram written in barrels and sent directly to the heart of the global order. For nearly six decades, Abu Dhabi operated within the rigid architecture of producer discipline, where it accepted the rituals of quotas, the formality of communiqués, and the heavy burden of collective restraint. It played the long game of oil diplomacy with a patient hand, balancing its own massive national ambitions against the gravity of cartel discipline and the delicate logic of Gulf... [Continue Reading]
The Mirage of the Umbrella: The Shifting Sands of the U.S.-Israel-GCC Alliance
As I sat in a recent debate at the historic Carlton Club in London, listening to Faisal Abbas, the Editor-in-Chief of Arab News, I felt a tangible shift in the room, not because a new fact had been revealed, but because an old illusion had finally lost its last breath. The old-world order has not merely changed, it has evaporated, leaving the Gulf to realize it is no longer watching a distant fire from the safety of marble towers and air-conditioned ministries, but is instead standing directly inside the smoke. The GCC today is caught in a lethal crossfire between... [Continue Reading]
The Glass Elevator to Nowhere: A World Trapped in a Chocolate Factory
As a journalist in my mid-fifties, I thought my skin had thickened to the point of being impenetrable. I have covered the rise and fall of regimes, the grinding gears of the Cold War's leftovers, and the digital revolutions that promised to unite us. I thought I had seen every trick in the political playbook. Then came Donald Trump’s 2026 foreign policy, and I realized I was not watching a statesman; I was watching a child play with a chemistry set he does not understand. The Willy Wonka of the West: Rule by Whim Walking into a press briefing lately... [Continue Reading]
The Madness of Power, From Balfour to the Edge of World War Three
A Voice in the Wilderness of War: Who Still Dares to Speak Truth While Empires March There are moments in history when the world suddenly accelerates toward disaster, moments when anyone who has studied history can feel the temperature rising even before the explosions reach their peak. The current escalation in the Middle East is one of those moments. According to the facts we now see unfolding, the United States and Israel made the unilateral decision to attack Iran without the approval of the United Nations, without a global coalition mandate, and without the support of most of the international... [Continue Reading]
Shadows of Fire: The Long Arc of Iran–United States Tensions
A Region on Edge: The Latest Escalation In recent months, tensions between Iran and the United States have intensified once again, fueled by disputes over regional security, nuclear development, maritime incidents in the Persian Gulf, and the broader strategic balance in the Middle East. Officials in Washington have expressed renewed concern over Iran’s uranium enrichment levels, while leaders in Tehran have accused the United States of economic warfare through sanctions and diplomatic isolation. The fragile equilibrium that followed earlier rounds of indirect negotiations appears increasingly strained, with both sides engaging in sharp rhetoric at the United Nations, reinforcing military postures... [Continue Reading]



