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Oil gains on US jobs report, worries over peace talks

Oil gains on US jobs report, worries over peace talks

HOUSTON, Aug 7 (Reuters) - Oil prices reversed course and climbed on U.S. job losses reported by the federal government and worries over talks between Iranian and U.S. negotiators to end fighting that has lasted five months.

Oil prices drop as investors weigh potential Hormuz deal between Iran, Gulf states

Oil prices drop as investors weigh potential Hormuz deal between Iran, Gulf states

By Stephanie Kelly LONDON, Aug 7 (Reuters) - Oil prices edged lower on Friday as investors weighed signals that Gulf states and Iran were closing in on a deal to reopen the Strait of Hormuz under a temporary arrangement aimed at allowing for broader talks to bring the Iran war to a close.

Turkey, Pakistan, Saudi Arabia sign a mutual defense deal, and other Middle East news

Turkey, Pakistan, Saudi Arabia sign a mutual defense deal, and other Middle East news

Pakistan, Turkey, and Saudi Arabia have signed a mutual defense agreement

Wrestling Inc. Glance

High-Ranking WWE Officials Reportedly Expect Brock Lesnar Presence At WrestleMania 43

High-Ranking WWE Officials Reportedly Expect Brock Lesnar Presence At WrestleMania 43

WrestleVotes Radio shares an update on Brock Lesnar potentially returning for WrestleMania 43 in Saudi Arabia next year.

US stocks, bonds rally after soft jobs report; yen bounces back

US stocks, bonds rally after soft jobs report; yen bounces back

By Amanda Cooper LONDON, Aug 7 (Reuters) - Global stocks headed for their strongest weekly gain since May after a weaker-than-expected U.S. jobs report eased fears of an imminent Federal Reserve rate hike, while strong earnings and AI enthusiasm outweighed concerns about the Iran war.

Asian shares pause for US jobs, oil extends gains on Mideast risk

Asian shares pause for US jobs, oil extends gains on Mideast risk

By Stella Qiu SYDNEY, Aug 7 (Reuters) - Asian shares held their breath on Friday for U.S. jobs data that could prove pivotal for next month's interest-rate decision by the Federal Reserve, while rising oil prices served as a reminder that Middle East tensions remain far from resolved.

Oil prices firm on concerns over Strait of Hormuz plans

Oil prices firm on concerns over Strait of Hormuz plans

By Stephanie Kelly LONDON, Aug 7 (Reuters) - Oil prices edged higher on Friday on further concerns surrounding the reopening of the Strait of Hormuz and potential Iranian bans and fines on vessels it deems hostile or in violation of proposed rules.

Architect Adrian Smith Designs World's Tallest Building in Saudi Arabia

Architect Adrian Smith Designs World's Tallest Building in Saudi Arabia

Adrian Smith, renowned for designing the Burj Khalifa, is now working on the Jeddah Economic Company Tower in Jeddah, Saudi Arabia. This tower is set to become the world's tallest building, surpassing the Burj Khalifa with a projected height of 1,000 meters and 157 floors. The construction has reached 107 floors, making it one of the few buildings globally to exceed 100 floors. The tower will feature offices, a luxury hotel, residential apartments, and observation points. The project is progressing rapidly, with completion expected in 2028.

Officials say Saudi Arabia, Turkey and Pakistan have signed a key defense agreement

Officials say Saudi Arabia, Turkey and Pakistan have signed a key defense agreement

Saudi Arabia, Turkey, and Pakistan have signed a defense agreement, deepening cooperation amid growing security concerns

Dollar on track for weekly gain as traders eye Iran talks, US jobs data

Dollar on track for weekly gain as traders eye Iran talks, US jobs data

By Sophie Kiderlin and Kevin Buckland LONDON, Aug 7 (Reuters) - The dollar was little changed on Friday ahead of the U.S. monthly payrolls report, but remained on track for a weekly gain against major peers as uncertainty over a possible Iran peace deal buoyed the U.S. currency's safe-haven appeal.

Over $1 Trillion Investment in Travel Tourism Signals Confidence in Sector's Future

Over $1 Trillion Investment in Travel Tourism Signals Confidence in Sector's Future

Over $1 Trillion Investment in Travel Tourism Signals Confidence in Sector's Future

Oil jumps $3 as Iran reviews bill to ban US, Israeli vessels from Hormuz

Oil jumps $3 as Iran reviews bill to ban US, Israeli vessels from Hormuz

By Georgina McCartney HOUSTON, Aug 6 (Reuters) - Oil prices rose by more than $3 a barrel on Thursday on news that an Iranian parliament committee is reviewing a bill that would ban U.S. and Israeli vessels from the Strait of Hormuz and fine violators up to a fifth of the value of their cargo.