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Oil prices rebound after Houthis say they attacked Saudi tanker

Oil prices rebound after Houthis say they attacked Saudi tanker

By Robert Harvey LONDON, Aug 5 (Reuters) - Oil prices rose on Wednesday after Yemen's Iran-aligned Houthi rebels said they attacked a Saudi oil tanker in the Red Sea, denting hopes of a de-escalation in Iran war hostilities that could restore shipping traffic and oil flows in the Middle East.
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US and Iran having 'very good discussions', Trump says

US and Iran having 'very good discussions', Trump says

By Tala Ramadan and Kanishka Singh DUBAI/WASHINGTON, Aug 5 (Reuters) - U.S. President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations on Tuesday, fuelling expectations of an imminent end to the five-month conflict.
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Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

Trump says deal to reopen Strait of Hormuz could come as early as Wednesday

U.S. President Donald Trump says a deal on the Strait of Hormuz could come as early as Wednesday or Thursday
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Saudi Arabia Assembles Naval Coalition to Protect Red Sea Shipping from Houthi Attacks

Saudi Arabia Assembles Naval Coalition to Protect Red Sea Shipping from Houthi Attacks

Saudi Arabia is forming a multinational naval coalition to safeguard Red Sea commerce from Houthi attacks. According to retired US admiral James Stavridis, 14 countries and organizations have joined the coalition, which aims to protect shipping routes linking the Indian Ocean with the Suez Canal. The coalition will combine regional fleets, Saudi logistical support, and potential US and European assistance. The Red Sea-Suez route is crucial, handling up to 30% of containerized shipping and 15% of global petroleum products. Participants include Egypt, Turkey, Pakistan, Kuwait, Bahrain, Qatar, and Jordan, with Saudi Arabia providing leadership and logistics.
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Oil prices mixed as investors ponder Strait of Hormuz reopening hopes

Oil prices mixed as investors ponder Strait of Hormuz reopening hopes

By Nicole Jao NEW YORK, Aug 5 (Reuters) - Oil prices were mixed on Wednesday, with Brent settling up slightly but the U.S. contract edging lower, as investors weighed revived expectations of a de-escalation in U.S.-Iran hostilities that could restore shipping traffic in the Strait of Hormuz and oil
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Formula 1 Prepares Contingency Plans for 2027 Calendar Amid Middle East Conflict

Formula 1 Prepares Contingency Plans for 2027 Calendar Amid Middle East Conflict

Formula 1 Prepares Contingency Plans for 2027 Calendar Amid Middle East Conflict
Reuters Reuters
Qatar says progress made toward US-Iran talks on ending war

Qatar says progress made toward US-Iran talks on ending war

By Tala Ramadan, Parisa Hafezi, Doina Chiacu and Simon Lewis DUBAI/WASHINGTON, Aug 4 (Reuters) - Qatar said mediators were making progress in efforts to end the U.S.-Iran war on Tuesday, driving oil prices lower, although Tehran has denied President Donald Trump's assertion that talks are already
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Oil prices drop 5% to three-week low after Trump cancels attack on Iran

Oil prices drop 5% to three-week low after Trump cancels attack on Iran

By Scott DiSavino NEW YORK, Aug 3 (Reuters) - Oil prices fell about 5% to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.
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Classic F1 Tracks Aim for 2027 Calendar Return Amid Middle East Uncertainty

Classic F1 Tracks Aim for 2027 Calendar Return Amid Middle East Uncertainty

Classic F1 Tracks Aim for 2027 Calendar Return Amid Middle East Uncertainty
TheStreet TheStreet
Tourist destination just scrapped visas for most travelers

Tourist destination just scrapped visas for most travelers

Sitting along the southeastern coast of the Arab Peninsula and sharing borders with the UAE, Yemen and Saudi Arabia, the Middle Eastern nation of Oman offers natural wonders like the bright turquoise valleys and river gorges known as wadis, the Hajar and Dhofar mountain ranges and a ...
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Status of US-Iran talks uncertain as ship struck in Hormuz

Status of US-Iran talks uncertain as ship struck in Hormuz

DUBAI/WASHINGTON, Aug 4 (Reuters) - Conflicting signals from the United States and Iran over the status of talks to end their five-month-old war boosted uncertainty on Tuesday, with the latest attack on shipping in the Strait of Hormuz highlighting risks to global energy flows. U.S.
Reuters Reuters
Oil prices drop 7% to three-week low after Trump cancels attack on Iran

Oil prices drop 7% to three-week low after Trump cancels attack on Iran

By Scott DiSavino NEW YORK, Aug 3 (Reuters) - Oil prices fell about 7% to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.