Middle East

Steady Middle East Flows Limit Oil Price Gains

Brent and WTI slipped after JPMorgan said Middle East shipments averaged 17.1 million bpd, keeping a lid on prices despite a Saudi pipeline

Qatar Pledges $38bn to Domestic Infrastructure to Signal Resilience

Qatar will spend more than $38bn on infrastructure over five years and says the US-Israel war on Iran is an 'earthquake' with wide fallout.

Iranian Strikes Damage US Bases, Expose Equipment Losses and Readiness Gaps

Photos obtained by CBS show destroyed aircraft, flattened trailers and damaged buildings at US bases in Saudi Arabia and Kuwait, echoing Pentagon

Breakwave Tanker ETF Surges 3,600%, Becomes Top U.S. Non-Levered Fund

BWET, which tracks tanker futures rather than crude, is up about 3,600% YTD through Sept. 11 as Middle East and Red Sea disruptions squeeze capacity.

Brics Summit Leaves Global Order Undefined, Deepens Splits Over Iran

Modi framed Brics as 'rule-shapers', yet the New Delhi Declaration stayed cautious, avoiding direct blame for Middle East fighting and leaving no

Beijing Seeks BRICS Backing To Secure Middle East Ceasefire

Xi told BRICS in New Delhi China will work with members to pursue a permanent ceasefire and support a two-state solution.

Flight Prices Rise After Middle East War, Branson Blames 'Foolish Leaders'

Middle East tensions have pushed jet fuel costs sharply higher, prompting airlines to add surcharges.

Houthis Advance Toward Key Strait After Clashes Kill At Least 100

Fighting between Iran-backed Houthi rebels and Yemeni government forces intensified from Thursday, killing at least 100 as rebels pushed toward a key

US Strikes Iran, State Media Says Four Killed at Wedding as Iran Begins Retaliatory Attacks

Iranian agencies said missile and drone attacks on US targets had begun after US strikes, and state media reported four killed at a wedding party.

10-Year Treasury Yield Hits 4.788%, Raising Borrowing Costs Nationwide

The 10-year Treasury yield rose to 4.788%, the highest since Jan. 14, 2025, as Middle East tensions and stronger oil prices rekindled inflation fears.

Markets Treat Six-Month Iran War As Ongoing Stalemate

The conflict has already outlasted the four to six weeks the Trump administration predicted, and markets are settling into a longer horizon.

Iran Rebukes Trump’s Strait of Hormuz Territory Claim as Talks Remain Stalled

Iran has rejected Donald Trump’s claim that the Strait of Hormuz could become U.S. territory, as a reported ship strike and continued military pressure deepen the impasse.

Trump Demands Iran Pay Compensation as Hormuz Talks Stall

Donald Trump has said Iran should pay compensation for deaths linked to decades of conflict, as negotiations to end the war and reopen the Strait of Hormuz appear to have stalled.

Lebanon Passes Sweeping Amnesty Law to Reduce Overcrowding in Prisons

Lebanon's parliament passes law to reduce prison overcrowding, benefiting thousands of prisoners and wanted people.

Three Lebanese Soldiers Wounded While Defusing Unexploded Ordnance in Southern Village

Three Lebanese soldiers were wounded while defusing unexploded ordnance in Zawtar al-Gharbiyah, hours after reports that Israeli troops entered the southern Lebanese village and erected an earth barrier.

BP Profit More Than Doubles to $5.73bn as Middle East Conflict Lifts Oil Prices

BP reported its highest quarterly profit since 2022 after rising oil prices linked to the conflict in the Middle East boosted earnings, while campaign groups criticised the company over soaring energy costs.

Saudi Arabia Drawn Into Conflict After Latest U.S.-Iran Strikes

Strikes between the U.S. and Iran have pulled Saudi Arabia into the fighting, opening a new front and raising the risk of regional escalation.