Iran says deal on Strait of Hormuz is close but not enough to open the waterway
- 09-Aug-2026
Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free up the waterway, and the United Arab Emirates said Iran had hit another ship there. Agreement between Iran and Oman over the strait, which separates the two countries, is seen […]
Oil rises on concerns over Strait of Hormuz reopening plans
- 07-Aug-2026
Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules. Brent crude futures rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT. U.S. […]
Iran threatens to hit Gulf states if US launches new strikes
- 06-Aug-2026
Iran has warned Gulf states that any new U.S. attack on its territory would trigger retaliation against critical energy infrastructure across the region, according to five sources, as Tehran seeks to raise the cost of military action by threatening Washington’s closest regional allies. The warning was delivered through a flurry of high-level diplomatic contacts after […]
US has used ‘virtually all’ of its long-range precision missiles during Iran war
- 04-Aug-2026
The US Army has used up much of its stockpile of highly accurate long-range missiles during its five-month war with Iran, according to three people familiar with the data, raising concerns about the military’s readiness for future conflicts. The missiles are principally the Army’s surface-to-surface weapons, known as Army Tactical Missile Systems (ATACMS) and Precision […]
Oil ticks up as talks to end US-Iran war remain uncertain
- 04-Aug-2026
Oil prices rebounded 1% on Tuesday from a plunge in the previous session, fuelled by concerns that Middle East supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely. Front-month Brent futures rose $1.12, or 1.3%, to $84.89 a barrel by 0355 GMT after dropping 7% […]
Donald Trump says Iran facing ‘last chance before decapitation’
- 04-Aug-2026
US President Donald Trump said Monday that negotiations with Iran were ongoing despite Tehran’s denials and the Islamic Republic was facing a “last chance before decapitation.” Trump, speaking to reporters at the White House, said he agreed to continue to pursue talks with Iran at the request of Saudi Arabia, the United Arab Emirates, Qatar […]
Oil slumps on hopes of Iran deal
- 03-Aug-2026
Oil prices skidded and stocks wobbled on Monday as hopes of a peace deal in the Middle East grew, while the yen jumped suddenly again after the U.S. and Japan confirmed joint intervention to prop up the frail currency. Brent crude futures sank more than 4% to $83.88 after U.S. President Donald Trump said talks […]
Donald Trump says he will hold off on fresh Iran attack
- 02-Aug-2026
U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran’s nuclear ambitions and reopen the Strait of Hormuz. Iran and “other Middle Eastern Countries” asked for a time to complete a deal that would lead […]
Indian Oil Corp boost spot oil buy amid Middle East crisis
- 01-Aug-2026
Indian Oil Corp, the country’s top refiner, has sharply raised oil purchases from the spot markets to make up for the loss of Middle Eastern supplies, its head of finance Anuj Jain said at an analyst meeting on Saturday following the June quarter earnings. “Our spot volume jumped from 50% to almost 84%, and the […]
US strikes Iran after Egyptian port storage tanker is hit
- 30-Jul-2026
The US carried out fresh strikes in Iran on Wednesday night, the US military said. Earlier on Wednesday, a drone hit a US-owned gas storage tanker at Egypt’s Mediterranean port of Damietta, British maritime security firm Ambrey said in an initial assessment. A statement from Egypt’s petroleum ministry confirmed a fire at the port but […]