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Iran and Oman Near Landmark Deal to Manage Strait of Hormuz
Iran and Oman are close to agreeing on joint management of the Strait of Hormuz, media have reported...
Iran's Strike on Jordan Signals a More Aggressive Military Strategy
Iran fired ballistic missiles at American bases in Jordan late on July 28, in what appeared to be the first time Tehran initiated an attack on US targets since the war began in late February. The Isla ...
Oil Prices Slip Despite New Attacks Across the Middle East
Crude oil prices ticked lower today on reports that oil tankers were still passing through the Bab el-Mandeb Strait, despite information about renewed strikes between the U.S. and Iran, and a drone at ...
Cooling Emissions Are Set to Triple by 2050 as Heat Waves Intensify
Air conditioning has become a hot-button geopolitical issue as rising temperatures create dangerous conditions around the globe. Air-conditioning units are increasingly being considered as “essential ...
BMW Targets 8,000 More Job Cuts in Fresh Cost-Cutting Drive
BMW shares in Germany are down 36% so far this year, as the automaker's latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a "wake-up call for the auto industry." The outlook ...
Ukraine’s Attack on Iranian Cargo Ship Links Two Wars
Ukraine’s attack on an Iranian commercial vessel in the Caspian Sea marks the first direct link between the wars in Ukraine and Iran. While details of the July 25 incident are murky, Ukraine’s intelli ...
US Oil Inventories Sag as Hormuz Turmoil Rages On
Crude oil inventories in the United States saw a decrease of 7.2 million barrels during the week ending July 24, according to new data from the U.S. Energy Information Administration (EIA) released on ...
Houthis Claim Attack on Saudi Oil Tanker in Red Sea
Yemen’s Houthis late on Tuesday claimed an attack on a Saudi oil tanker in the Red Sea, saying that the vessel had violated the blockade the Iran-aligned group announced last week on Saudi shipments i ...
New Zealand Awards First Offshore Oil License Since Ending Drilling Ban
New Zealand’s government has awarded the first offshore oil and gas exploration license after last year lifting a ban on drilling, put in place by the previous government that wanted to focus on a tra ...
The U.S. Army Just Called China’s Bluff in the Rare Earth War
Just recently, in a span of about six weeks, one impressive company was selected by the U.S. Army to build and operate rare earth processing facilities on an American military base…the first time the ...
Economists Cut India’s GDP Growth Forecast on Oil Price Shock
The spike in oil prices and slowing private investments have been weighing on India’s economic growth, which is now seen at 6.6% in the fiscal year to March 2027, a full percentage-point drop from the ...
Japan Backs Overseas Oil Pipelines to Reduce Hormuz Dependence
Japan is planning to join the rush to diversify oil export routes away from the Strait of Hormuz by investing in pipeline projects abroad, notably in the Middle East. Citing a document produced by the ...
Oil Prices Extend Losses as U.S.-Iran Calm Holds for Another Night
Oil prices continued to trend lower in early Asian trade on Tuesday as a fourth night passed without any attacks from either Iran or the United States. At the time of writing, WTI crude was trading at ...