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Houthis Claim Missile and Drone Attack on Aramco Facility Near Riyadh as Saudi Jets Hit Sanaa
Flames and smoke were seen at the Riyadh refinery on Saturday, deepening a Gulf war that already threatens oil flows. Flames and smoke rose from a facility belonging to Saudi oil giant Aramco south of Riyadh on Saturday afternoon, according to an Agence France-Presse (AFP) journalist cited by CBS News. The reporter saw firefighters trying…
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Iran Readies Wider Response If the US Strikes Again, Even as Talks Continue
Tehran is weighing targets beyond US assets while its Qatar-brokered peace plan faces long odds, officials tell Reuters. Iran is preparing a broader and more forceful response in case the United States resumes large-scale military attacks, while continuing a diplomatic push that Iranian officials privately doubt will succeed, Reuters reported on Thursday. What Iran is…
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Tankers Attacked Again in the Strait of Hormuz as the US Reinforces Its Presence Near Iran
A UK maritime agency reports fresh attacks on oil ships while Washington prepares a larger naval force in the region.
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Trump’s $200 Billion South Korea Investment Faces Questions
Washington announced a major South Korean investment package, but Seoul has questioned whether a key Alaska LNG commitment is actually finalized. U.S. President Donald Trump is defending his announcement of a planned $200 billion South Korean investment in the United States after officials in Seoul raised questions about whether a major part of the package…
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U.S. Sanctions Russian Payment Network Over Alleged Iran Links
The United States has imposed sanctions on Russia’s A7 payment network, accusing it of helping Iran circumvent U.S. sanctions as Washington continues to target financial channels connected to Tehran. A7 has denied the allegations, saying its operations involve legitimate transactions. Washington Targets Russia’s Alternative Financial Network The sanctions represent another attempt by Washington to restrict…
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Trump Pressures Europe Over Diesel Reserves
The Trump administration is putting pressure on Europe to release emergency diesel reserves as governments attempt to ease tight global fuel supplies, while the European Union has rejected the possibility of a U.S. diesel export ban. Europe Considers Releasing 50 Million Barrels France has proposed that European Union countries release around 50 million barrels of…
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U.S. Slows Aircraft-Part Exports to China
The United States is slowing exports of aircraft parts to China as the Trump administration seeks additional leverage in negotiations with Beijing, according to people familiar with the matter cited by Reuters. The move places the aviation industry at the center of the latest phase of the U.S.-China trade dispute, linking aircraft supplies to a…
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China Suspends Fuel Exports as Global Oil Markets Tighten
China has suspended exports of oil products to destinations beyond Hong Kong and Macau, adding fresh pressure to global fuel markets already dealing with supply disruptions. The decision was reported by Reuters on Thursday, citing four people briefed on the matter. China tightens fuel exports Chinese refiners have halted exports of oil products until further…
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U.S.-Iran Talks Stall as Oil Prices Rise Above $103
Diplomatic efforts between the United States and Iran are facing renewed uncertainty as Washington and Tehran continue discussions over a possible path toward reducing tensions. Iranian Foreign Minister Abbas Araqchi received U.S. feedback through Qatari mediators on Tuesday regarding a seven-day trust-building proposal, according to Reuters. The discussions come as oil markets remain highly sensitive…
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Russia Warns NATO Over Kaliningrad as Baltic Tensions Rise
Russia has issued a new warning to NATO over the strategic Baltic exclave of Kaliningrad, raising concerns about another escalation in relations between Moscow and the Western alliance. According to Reuters, Russia warned that it would be prepared to resort to nuclear weapons if NATO attempted to cut off Kaliningrad. Why Kaliningrad matters Kaliningrad is…