Day News Recap: Kyiv hit again as Gulf tensions rise and markets turn risk off
Russia launched ballistic missiles at Kyiv and other Ukrainian regions overnight, killing at least two people and wounding 34, in another strike that came as Washington was pushing a peace effort. 🔗In Washington, unease is growing over Donald Trump’s approach to Vladimir Putin, after critics said his sanctions pressure has been undercut by a diesel deal with Russia, while Marco Rubio said Ukraine’s access to Starlink is a matter for SpaceX and Elon Musk. 🔗 🔗Middle East tensions deepened as Iran’s Revolutionary Guard said its doctrine has shifted from defensive to offensive and asymmetrical, while the United States ordered non... [Continue Reading]
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Noontime News Recap: Saudi airport attack kills two as Ukraine, France and Yemen face fresh pressure
Saudi Arabia said two people were killed and eight others injured in an attack on King Fahd International Airport in Dammam, in the kingdom's eastern province, in the latest security shock in the Gulf. 🔗In Yemen, fighting intensified in Taiz province, where government forces and Houthi fighters were engaged in heavy clashes across several districts, while the UN warned that nearly 260,000 people have been displaced. 🔗Russia and Ukraine traded overnight strikes after US special envoy Steve Witkoff met President Vladimir Putin in St Petersburg, with casualties reported in Kyiv and in the Moscow region. 🔗France's borrowing costs rose sharply... [Continue Reading]
Crew refusal leaves LNG carrier Al Ruwais adrift off Pakistan amid Strait of Hormuz danger
A liquefied natural gas carrier named Al Ruwais has been sitting adrift off the coast of Pakistan for weeks because its crew refuses to take the vessel through the Strait of Hormuz. The ship is 314 metres long, flies the Bahamian flag and is owned by a company in the United Arab Emirates. The standoff highlights how fears over the waterway are now affecting the movement of energy cargoes.According to the account provided by one crew member, the vessel's 34-member team does not want to attempt the crossing despite pressure from the owners. The sailor said the company was willing... [Continue Reading]
Timor-Leste says stalled Greater Sunrise gas project is finally moving ahead
Timor-Leste President Jose Ramos-Horta says the long-delayed Greater Sunrise gas project is now moving forward, with the first agreements expected to be signed early next year. He described the venture as "finally happening" after years of deadlock and procrastination. The project has been one of the country's most closely watched economic plans for years because of its potential to reshape the energy sector.Ramos-Horta said Prime Minister Xanana Gusmao had told him he was confident the parties would sign the agreement within the next few months and finalise three main documents. Those documents are intended to set the regulatory and fiscal... [Continue Reading]
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