Business
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
Saudi Sends Extra Crude Through Hormuz, Pulls Oil Prices Lower
Brent and WTI fell after Saudi offered extra cargoes via Hormuz to offset a pipeline outage; markets remain watchful.
U.S. Crude Build Pushes Oil Down, Saudi Pipeline Closure Keeps Supply Risk
Oil fell after American Petroleum Institute data showed a 7.1 million-barrel U.S. crude build, even as a closed Saudi pipeline sustains Middle East
10-Year Treasury Climbs to 5.04%, Raising US Borrowing Costs
The 10-year Treasury yield hit 5.04%, its highest since 2007, after oil surged and markets priced in stronger Fed action.
Kevin Warsh Must Choose a Rate Hike, Fed Credibility Is at Risk
Oil and tariff shocks have narrowed the Fed's options; with inflation above target, Kevin Warsh must decide whether to raise rates this week.
India's Inflation Climbs to 4.82%, Puts Pressure on RBI to Hike Rates
Retail inflation rose to 4.82% in August, the tenth straight monthly increase. Rising food, fuel and transport costs deepen the policy challenge.
Nigeria Keeps OPEC Quota, But Output Still Falls Short of 2026 Budget
Nigeria met its OPEC production quota for a fourth month as output rose 0.4% to 1,677,777 bpd in August, but output remains below 2026 budget
Surging Oil and Yields Push Stocks Lower, Meta and Apple Offer AI Upside
Rising crude and 10-year yields drove weekly losses for major indices, while Meta and Apple’s AI moves reinforced longer-term investment cases.
Saudi Arabia Closes East-West Pipeline, Halting 4% to 5% of Global Oil Flow
The shutdown removes a route carrying 4% to 5% of world oil, after a drone strike traced to Iraq's Maysan province prompted Baghdad to remove a
Oil Rises to $105, Driving Bond Yields to Multi-Decade Highs
Brent crude hit $105 as US-Iran fighting disrupts Gulf flows, lifting wholesale gas and sending UK and US long-term borrowing costs to decades highs.
Breaking
US Sinks Iranian Tanker as Iran Strikes US Base in Jordan
US strikes sank the M/T Riesco and damaged other vessels, while Iran launched missiles at a US base in Jordan, pushing Brent toward $100.
Saudi Vows Response After Iran-Backed Houthi Strikes Injure 73, Ignite Oil-Facility Fires
Saudi authorities say Iran-backed Houthi attacks wounded 73 people and sparked fires at oil facilities; Riyadh has vowed to respond.
Houthi Attacks Set Fire to Saudi Oil Sites, Wound 73
Dozens of missiles and drones struck Jazan industrial hub, Aramco sites in Najran and Abha, and King Khalid Air Base, setting fires and wounding 73.
Iran Promises Faster, Heavier Retaliation, Oil Exports and Jobs at Risk
Parliament speaker Mohammad Bagher Ghalibaf said Tehran will respond faster and more painfully to U.S. strikes as sanctions and war squeeze the
U.S. Government Gains Control of Venezuela Oil Reserves, Pentagon Secures Stake
The Pentagon took a 35% stake in North American Blue Energy Partners, giving the U.S. control of 65 billion barrels of Venezuelan crude.
UK Drivers Face Highest Petrol Prices Since Iran War Began
Average petrol rose to 163.6p per litre as Brent crude stays elevated after renewed fighting in the Middle East. Diesel is 184.99p.
Argentina Moves to Sanction Firms Exploring Sea Lion, Raising Falklands Tension
Javier Milei said he will push a bill to sanction energy firms planning Sea Lion exploration, escalating a diplomatic standoff with Britain.
Trump Says U.S. Isn’t Forcing Iran to Negotiate After Fresh Strikes
Trump says Washington will not force Iran to bargain after U.S. strikes, cites control of the Strait of Hormuz as oil prices climb.
India’s Russian Oil Ties Face U.S. Tariff Threat As Modi Urges Putin To End War
Modi pressed Putin to halt hostilities at the SCO summit, while a U.S. bill threatens steep tariffs on top buyers of Russian crude, including India.
Naira Strengthens to N1,337/$ as Nigerian FX Turnover Falls 48.7%
The naira rose to N1,337/$ while weekly Nigerian FX turnover plunged 48.7% to $2.71 billion, extending recent currency gains.
US Gains Control Of 65 billion Barrels Of Venezuela Oil, Trump Calls Deal 'Historic'
The interim Venezuelan president called the arrangement unusual and said it would help revive the country's economy.
Washington says a sweeping sanctions package will hit Tehran at dawn, while Iran warns it may fine, seize or confiscate vessels in the Strait of
Oil Markets Slip as Traders Await U.S. Sanctions on Iran
Markets fell as traders awaited Washington's new sanctions on Iran, while Tehran downplayed the threat and analysts warned of ongoing volatility.
US Growth Slows To 1.5% In Q2 As Consumer Spending Masks Weak Investment
GDP rose 1.5% annualised in Q2, down from 2.1% in Q1. Strong consumer demand was offset by weaker government spending, investment and exports.