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Goldman sees Brent at $80-$90 until US-Iran deal or major escalation

Goldman sees Brent at $80-$90 until US-Iran deal or major escalation

Aug 4 (Reuters) - Goldman Sachs said on Tuesday it expects Brent crude to trade in an $80-$90 per barrel range until there is either confirmation of a new U.S.-Iran nuclear deal or a significant escalation of their conflict.

Oil gains as talks to end US-Iran war remain uncertain

Oil gains as talks to end US-Iran war remain uncertain

By Anushree Mukherjee Aug 4 (Reuters) - Oil prices rose on Tuesday as a diplomatic resolution to the U.S.-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted.

Goldman Sachs sends surprising message on oil prices

Goldman Sachs sends surprising message on oil prices

Oil’s latest retreat seemed to suggest that the Middle East crisis was perhaps moving closer to a resolution. The U.S. delayed planned attacks on Iran, diplomatic signals improved, and traders expected shipping conditions around the Strait of Hormuz to normalize. Naturally, Brent responded by ...

California's Diesel Prices Surge Amid Iran Conflict, Affecting U.S. Economy

California's Diesel Prices Surge Amid Iran Conflict, Affecting U.S. Economy

California's Diesel Prices Surge Amid Iran Conflict, Affecting U.S. Economy

Oil gains on supply concerns as Houthis attack Saudi deployments in Yemen

Oil gains on supply concerns as Houthis attack Saudi deployments in Yemen

By Georgina McCartney HOUSTON, Aug 6 (Reuters) - Oil prices rose on Thursday after Iran-aligned Houthis said they attacked "Saudi deployments" in Yemen, ramping up concerns about Red Sea shipping, while hopes around Iran-Oman talks to restore flows via the Strait of Hormuz helped cap gains.

Oil prices ease on Hormuz reopening hopes, despite Houthi threats

Oil prices ease on Hormuz reopening hopes, despite Houthi threats

By Nicole Jao NEW YORK, Aug 5 (Reuters) - Oil prices edged lower on Wednesday on hopes of a de-escalation in Iran war hostilities that could restore shipping traffic in the Strait of Hormuz and oil flows in the Middle East.

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

U.S. Diesel Exports Reach Record High Amid Domestic Stockpile Decline

U.S. Diesel Exports Reach Record High Amid Domestic Stockpile Decline

U.S. Diesel Exports Reach Record High Amid Domestic Stockpile Decline

African Union Addresses Sahel Crisis Amid Rising Child Malnutrition

African Union Addresses Sahel Crisis Amid Rising Child Malnutrition

The African Union (AU) Peace and Security Council is set to receive an update on the Sahel region's situation, highlighting a severe humanitarian crisis. The United Nations Office for the Coordination of Humanitarian Affairs reports that 401,000 children are suffering from severe acute malnutrition in the first quarter of 2026. This crisis is compounded by ongoing conflict and security incidents, resulting in 2,640 conflict-related deaths and 1,179 security incidents. The region hosts 2.8 million internally displaced persons, with significant numbers in Burkina Faso and Niger. The AU is actively engaging with Sahelian states to address these challenges, with diplomatic visits and security cooperation efforts from the U.S. and Russia.

Pentagon Considers Tactical Nuclear Strategy to Counter China and Russia

Pentagon Considers Tactical Nuclear Strategy to Counter China and Russia

The U.S. Department of Defense is reportedly drafting a new nuclear strategy that involves the potential use of shorter-range tactical nuclear weapons in regional conflicts with China or Russia. This strategic shift, as described by sources familiar with the matter, aims to prevent conventional wars from escalating into nuclear conflicts. The strategy is being overseen by Elbridge Colby, the deputy secretary of defense for policy, who advocates for a larger role for tactical nuclear weapons. This approach marks a departure from the current reliance on long-range strategic systems. The plan is still in the internal planning stages and has not been adopted as official policy.

North Korea launches a short-range ballistic missile toward sea, South Korea says

North Korea launches a short-range ballistic missile toward sea, South Korea says

South Korea says North Korea has launched a short-range ballistic missile toward the sea

US Senator Shaheen Warns Delays in Russia Sanctions and Air Defense Aid Cost Ukrainian Lives

US Senator Shaheen Warns Delays in Russia Sanctions and Air Defense Aid Cost Ukrainian Lives

Senator Jeanne Shaheen, a senior member of the Senate Armed Services Committee, has linked the recent deadly attacks in Kyiv to delays in imposing tougher sanctions on Russia and providing Ukraine with more air defense interceptors. The attacks, which resulted in 17 deaths and over 40 injuries, highlighted Ukraine's shortage of ballistic interceptors. Shaheen emphasized that every day of delay in passing sanctions or providing defense support results in more Ukrainian casualties. The Senate has shown overwhelming bipartisan support for the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to impose new sanctions on Russia's energy and financial sectors. The bill also targets countries like China that continue to purchase Russian energy, thereby financing Moscow's war efforts.