11+ hour, 9+ min ago   (431+ words) Oil prices surged over 2% due to Houthi strikes, Iranian attacks on ships, and the closure of a key Saudi pipeline, intensifying global supply concerns. BEIJING: Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and…...

13+ hour, 41+ min ago   (576+ words) ADEN/DUBAI: New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen’s Houthis threatened to worsen the wartime…...

13+ hour, 54+ min ago   (140+ words) MUSCAT: Oman has announced the postponement of a meeting scheduled for Monday between Iran and Gulf countries on the Strait of Hormuz, which has become a major flashpoint in the Middle East war. “It has been decided to postpone to…...

22+ hour, 51+ min ago   (223+ words) Iran meets Gulf states in Oman to discuss Strait of Hormuz security, aiming to strengthen regional cooperation amid ongoing tensions with the US over the vital waterway. TEHRAN: Iran’s upcoming meeting with Gulf states in Oman on Monday to discuss…...

21+ hour, 52+ min ago   (247+ words) Donald Trump predicted the Iran conflict would end this year, potentially after the U.S. midterms, leading to a significant drop in oil prices, and stated Iran is eager for a deal. DOONBEG: President Donald Trump suggested on Sunday the United States…...

1+ day, 24+ min ago   (527+ words) Drone attacks on Saudi Arabia's key east-west oil pipeline threaten to halt exports within days, potentially cutting global supply by 4% and worsening the existing fuel crisis. LONDON: Saudi Arabia will run out of oil stocks for exports if it doesn’t…...

1+ day, 1+ hour ago   (660+ words) Despite the UAE's announced trade suspension with Iran, informal trade and financial ties persist in Dubai, sustained by a large Iranian community and historical economic interdependence. DUBAI: In the markets of old Dubai, saffron, cumin, pistachios and almonds from Iran…...

1+ day, 2+ hour ago   (603+ words) Pakistan's PM announced a fuel relief scheme offering Rs100/litre subsidy for motorcycles, rickshaws, and small cars to mitigate rising petrol costs. Prime Minister Shehbaz Sharif on Sunday announced a special fuel relief scheme to cushion the impact of rising petrol…...

1+ day, 8+ hour ago   (809+ words) New attacks in the Strait of Hormuz and on a Saudi oil pipeline escalate Middle East tensions, threatening global energy supplies and driving up oil prices. ADEN/DUBAI: Maritime trackers received new reports of an attack on a ship in…...

1+ day, 16+ hour ago   (815+ words) ADEN/DUBAI: 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 it…...