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Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100

Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100

By Elwely Elwelly, Ahmed Elimam and Eman Abouhassira DUBAI, July 23 (Reuters) - U.S.
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Houthi Blockade in Red Sea Raises Oil Prices and Global Market Concerns

Houthi Blockade in Red Sea Raises Oil Prices and Global Market Concerns

Oil prices have surged to $100 a barrel following a naval blockade declared by Yemen's Houthi forces, targeting shipments from Saudi Arabia. The blockade affects the Bab el-Mandeb strait, a critical chokepoint for global oil transportation. The Houthis have threatened to target tankers linked to Saudi Arabia, Israel, and the United States. This development follows the closure of the Strait of Hormuz by Iran, further exacerbating tensions in the region. Analysts are closely monitoring the situation to assess its impact on the global oil market.
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President Trump Considers Major Military Strike Against Iran Amidst Tensions

President Trump Considers Major Military Strike Against Iran Amidst Tensions

President Donald Trump is contemplating a significant military strike against Iran, which he claims would be larger than previous operations. According to reports, Trump has indicated that a decision on this matter is imminent. He mentioned that Israel could join the operation quickly if requested, although he emphasized that the United States is capable of acting independently. The potential military action comes amidst ongoing diplomatic tensions, with Trump stating that Iran is still interested in negotiations but has not yet agreed to any terms. The report highlights that regional mediation efforts have not yielded any breakthroughs, with Iranian leadership reportedly not accepting the latest proposals.
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President Trump to Host Zelensky at White House Amid Stalled Ukraine Peace Talks

President Trump to Host Zelensky at White House Amid Stalled Ukraine Peace Talks

President Volodymyr Zelensky of Ukraine is scheduled to meet with U.S. President Donald Trump at the White House on July 28, as confirmed by a White House official. This meeting is part of Washington's ongoing diplomatic efforts to resolve the conflict between Ukraine and Russia. The meeting coincides with a memorial service for U.S. Senator Lindsey Graham, a staunch supporter of Ukraine, who recently passed away. While Kyiv has not confirmed Zelensky's attendance at the White House or the memorial service, the talks are seen as a critical step in attempting to restart negotiations to end the nearly four-year war. Zelensky has been in communication with Trump's special envoy Steve Witkoff and son-in-law Jared Kushner to explore new diplomatic avenues.
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Trump adds new condition to Saudi nuclear deal, says kingdom must normalize relations with Israel

Trump adds new condition to Saudi nuclear deal, says kingdom must normalize relations with Israel

President Donald Trump appeared to add a condition to the newly signed agreement with Saudi Arabia for a civilian nuclear program, saying the deal would require the kingdom to normalize its relations with Israel through the Abraham Accords
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The Latest: Trump issues new double-digit tariffs on 60 countries

The Latest: Trump issues new double-digit tariffs on 60 countries

President Donald Trump says he is imposing new double-digit tariffs on dozens of U.S. trading partners
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Houthis attack 2 Saudi oil tankers in the Red Sea, threatening to open a new front in the Iran war

Houthis attack 2 Saudi oil tankers in the Red Sea, threatening to open a new front in the Iran war

Yemen’s Iran-backed Houthi rebels says they have attacked two Saudi oil tankers in the Red Sea, and the U.S. military said it conducted a 12th night of strikes against Iran as the two countries vie for control of vital shipping lanes
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Brent hovers above $100/bbl, set for weekly rise on Middle East escalation

Brent hovers above $100/bbl, set for weekly rise on Middle East escalation

By Colleen Howe and Siyi Liu BEIJING/SINGAPORE, July 24 (Reuters) - Brent oil prices hovered above $100 per barrel on Friday while heading for their fourth week of gains, driven by concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war on Iran.
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Israeli Officials Warn US-Saudi Nuclear Deal Could Trigger Arms Race with Iran

Israeli Officials Warn US-Saudi Nuclear Deal Could Trigger Arms Race with Iran

A potential civilian nuclear deal between the United States and Saudi Arabia, reportedly to be announced by the Trump administration, is raising alarms among Israeli officials and some Americans. The deal involves US companies assisting Saudi Arabia in building civilian nuclear energy plants, which critics fear could enable Saudi Arabia to develop nuclear weapons. This development could undermine efforts to normalize relations between Saudi Arabia and Israel, a process that was disrupted by the Hamas-led attack on Israel in October 2023. The deal is expected to be reviewed by Congress, but it would require a two-thirds majority to be blocked.
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Top diplomats gather for security forum in Southeast Asia

Top diplomats gather for security forum in Southeast Asia

By Mikhail Flores MANILA, July 23 (Reuters) - Top diplomats from Asia, Europe and North America gathered on Thursday for the security-focused ASEAN Regional Forum in Manila, where ministers were expected to issue calls for a peaceful settlement after renewed and intensifying hostilities in the
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US and Saudi Arabia sign new nuclear agreement that could pave way for kingdom to enrich uranium

US and Saudi Arabia sign new nuclear agreement that could pave way for kingdom to enrich uranium

The Trump administration has forged a new agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program
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President Trump Urged to Consider Historical Lessons in Middle East Strategy

President Trump Urged to Consider Historical Lessons in Middle East Strategy

An analysis suggests that President Trump could benefit from historical lessons, particularly from Herodotus' paradox, in addressing current Middle Eastern conflicts. The article highlights the complexities of the Iranian nuclear threat and the broader geopolitical tensions involving Israel and Palestine. It argues that the unresolved Israeli-Palestinian conflict fuels Iranian-backed extremism and that a two-state solution could undermine Tehran's justification for its aggressive policies. The piece also emphasizes the need for Iran's inclusion in regional dialogues and the internationalization of the Strait of Hormuz to prevent further escalation.