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UAE's Fujairah Port Hit by Iranian Missile and Drone Attack, Escalating Regional Tensions

UAE's Fujairah Port Hit by Iranian Missile and Drone Attack, Escalating Regional Tensions

The United Arab Emirates has accused Iran of launching a missile and drone attack on the Fujairah port, injuring three Indian nationals and causing a fire at an oil refinery. The UAE's Ministry of Defence reported that its air defenses engaged multiple missiles and drones from Iran. This incident marks a significant escalation in regional tensions, with Iran blaming the attacks on U.S. military actions. The Fujairah port, a key oil transit point, is strategically important due to its location outside the Strait of Hormuz.

Wall Street inches higher and oil edges lower before the bell despite flare-up in Iran war

Wall Street inches higher and oil edges lower before the bell despite flare-up in Iran war

Wall Street rebounded and oil prices retreated as tensions escalated in the war between the U.S. and Iran

How Tie-Dye Became an International Art Form

How Tie-Dye Became an International Art Form

Tie-dye is a global phenomenon with a rich tapestry of techniques and styles that vary from region to region. While it is often associated with the...

Asian shares slip and oil prices retreat from latest flare in Iran tensions

Asian shares slip and oil prices retreat from latest flare in Iran tensions

Asian stocks are trading lower, tracking losses on Wall Street after U.S. stocks fell from record highs

US attempt to open the Strait of Hormuz tests Iran war's fragile ceasefire

US attempt to open the Strait of Hormuz tests Iran war's fragile ceasefire

The Iran war risks reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, firing on Iranian forces and sinking six small boats targeting ships

US industries, trade groups split over Trump's tariff probe on excess factory capacity

US industries, trade groups split over Trump's tariff probe on excess factory capacity

By David Lawder WASHINGTON, May 5 (Reuters) - Domestic U.S. industries are urging the Trump administration this week to impose higher tariffs to curb the rising tide of exports from China and other countries with excess factory capacity, while import-dependent and agriculture groups want a more

James Murdoch in Talks to Acquire New York Magazine and Vox Podcasts for $300 Million

James Murdoch in Talks to Acquire New York Magazine and Vox Podcasts for $300 Million

James Murdoch in Talks to Acquire New York Magazine and Vox Podcasts for $300 Million

The Latest: Hegseth and Caine say ceasefire between the US and Iran is not over

The Latest: Hegseth and Caine say ceasefire between the US and Iran is not over

U.S. forces launched an effort to guide commercial ships through the Strait of Hormuz on Tuesday

U.S.-Iran Tensions Over Strait of Hormuz Blockade Impact Global Energy Markets

U.S.-Iran Tensions Over Strait of Hormuz Blockade Impact Global Energy Markets

Tensions between the United States and Iran have escalated, leading to a blockade of the Strait of Hormuz by Iran and a U.S. naval blockade in the Gulf. This situation has arisen from stalled negotiations between the two countries, with the U.S. focusing on Iran's nuclear ambitions and missile programs. Iran has signaled a willingness to negotiate on certain terms, but the blockade remains a significant point of contention. The Strait of Hormuz is a critical passage for global energy supplies, and its closure has significant implications for international trade and energy markets.

Reinsurance Rates Continue to Soften Amid Geopolitical Tensions, Impacting Global Insurance Markets

Reinsurance Rates Continue to Soften Amid Geopolitical Tensions, Impacting Global Insurance Markets

Reinsurance Rates Continue to Soften Amid Geopolitical Tensions, Impacting Global Insurance Markets

Exclusive-US prepared for visa sanctions on China over migrants issue, official says

Exclusive-US prepared for visa sanctions on China over migrants issue, official says

By Michael Martina WASHINGTON, May 5 (Reuters) - China is slowing its efforts to repatriate Chinese nationals who are in the U.S. illegally, a senior Trump administration official told Reuters, warning that Washington was prepared to increase travel restrictions on the country if Beijing didn't

Trading Day: The oil, bonds tango

Trading Day: The oil, bonds tango

By Jamie McGeever ORLANDO, Florida, May 4 (Reuters) - Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping, pushing U.S. Treasury yields higher and dragging stocks lower.