Oil prices skidded, and stocks wobbled on Monday as hopes of a peace deal in the Middle East grew, while the yen jumped suddenly again after the U.S. and Japan confirmed joint intervention to prop up the frail currency. Crude oil prices tumbled more than 5% on Monday as markets reacted to signs of a […]
Companies in the Gulf, some of the most directly affected by the Iran war, will provide one of the clearest insights so far of its regional financial impact when they begin reporting their second-quarter earnings this week. In countries from Saudi Arabia and Oman to the United Arab Emirates and Qatar, company results are likely […]
TEHRAN: Assigned by His Majesty Sultan Haitham bin Tarik, an official delegation headed by Shaikh Abdulmalik bin Abdullah al Khalili, Chairman of the State Council, participated in the funeral ceremony of Ali Khamenei, the former Supreme Leader of the Islamic Republic of Iran, at the Grand Mosque in Tehran on Friday. Shaikh Abdulmalik bin Abdullah […]
A lot hangs on whether the United States can compel Israel to cease operations against Hezbollah in Lebanon. After all, an end to the Israeli military offensive was a key provision of the broad U.S.-Iran agreement setting out a road map to end the Iran war. And even though Israel did not sign the deal, […]
CHICAGO/LONDON: Airlines stand to save billions of dollars on jet fuel after an interim U.S.-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep fares well above pre-war levels. The U.S. market offers the clearest example. Fare increases still lag this year’s […]
The clock is ticking on the Iran peace deal. A memorandum of understanding between Iran and the US is due to be signed in Geneva on June 19, allowing for a 60-day ceasefire extension and the opening of the strategically vital waterway, the Strait of Hormuz. But key questions remain unresolved that could yet scupper […]
Brent crude futures dove below $80 and are down more than a third from recent peaks following reports that the U.S. will waive sanctions on Iranian oil, under a deal to end the war. The prospect of extra supply added to optimism about the resumption of Middle East exports and helped push yields on U.S. […]
The June 15 brief defends the gas turbines used by a giant data center belonging to the trillionaire’s company xAI, which are the target of an environmental lawsuit. In the brief, the US Department of Justice argued that the lawsuit “threatens American national, economic, and energy security by seeking to shut off the power supply […]
The US and Iran stepped back from the brink of returning to all-out war on June 11. Hours after saying the US military would carry out strikes against Iran for a third consecutive night, Donald Trump postponed the attack. The Iranian military had said the US would “receive a more severe response than before” if […]
