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French President Emmanuel Macron has reaffirmed his commitment to easing tensions in the Middle East, following discussions with Saudi Crown Prince Mohammed bin Salman. In a message shared after their exchange, Macron said both leaders agreed to remain in close contact to help promote de-escalation efforts, ensure freedom of navigation, and......
Ukrainian President Volodymyr Zelensky confirmed that Ukrainian forces have actively intercepted Iranian-designed Shahed drones in several Middle Eastern countries, marking a significant expansion of Kyiv’s operational role beyond its own territory. Speaking to journalists during a briefing reported by Associated Press and Euronews,......
French energy company TotalEnergies has confirmed the temporary shutdown of the Satorp refinery in Saudi Arabia following recent attacks that damaged part of the facility. The decision was taken as a precautionary safety measure after incidents occurred during the night of April 7 to 8. According to information provided to investors, operational......
Goldman Sachs warned Thursday that Brent crude could average above $100 a barrel through 2026 if the Strait of Hormuz remains closed to normal tanker traffic for another month. The note highlights fragility in the recent US-Iran ceasefire. "The situation remains uncertain," analysts including Daan Struyven wrote after the two-week......
Global markets posted broad gains Friday as investors showed cautious optimism ahead of high-stakes US-Iran peace talks set to begin Saturday in Islamabad, Pakistan. The rebound remains fragile. Israeli strikes in Lebanon threaten to shatter the two-week truce, and the Strait of Hormuz stays largely closed to maritime trade. The ceasefire......
Saudi Arabia shut the King Fahd Causeway early Tuesday, severing the sole land link between the kingdom and the island of Bahrain, after Iran launched ballistic missiles at the oil-rich Eastern Province. The closure came as a deadline set by U.S. President Donald Trump, demanding Iran reopen the Strait of Hormuz by 8:00 p.m. Eastern time Tuesday,......
Five weeks into Iran's sustained drone and missile campaign against Gulf states, the arithmetic of air defense is turning against the defenders. Gulf countries have exhausted the vast majority of their pre-war interceptor stocks repelling thousands of incoming projectiles, and resupply is falling well short of the pace required, according......
Paramount Skydance is close to securing $24 billion in equity commitments from three Gulf sovereign wealth funds to help finance its $81 billion acquisition of Warner Bros. Discovery, the Wall Street Journal reported Sunday, in a deal that would end weeks of uncertainty over whether Middle Eastern capital would remain part of the transaction. Saudi......
Iranian drones struck the Mina al-Ahmadi oil refinery in Kuwait on Friday morning, igniting fires across multiple operational units in the latest attack on Gulf energy infrastructure since the U.S.-Israeli air campaign against Iran began in late February. Kuwait Petroleum Corporation told the official KUNA news agency that the 346,000-barrel-per-day......
More than a month into the American-Israeli military campaign against Iran, China is absorbing the economic shock of oil supply disruptions and soaring energy costs, yet a growing number of analysts argue that the world's second-largest economy may be better positioned than most to weather the storm, and could emerge from the crisis with......
Several Gulf states have privately conveyed serious concerns to the Trump administration over the president's threats to target Iranian desalination plants, warning that such strikes could trigger catastrophic retaliation against their own water infrastructure. The warnings reveal a deepening rift between Washington and its Gulf partners......
SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, according to Bloomberg News, setting the stage for what could become the largest IPO in history. The rocket and satellite company led by Elon Musk is preparing a listing as early as June. The offering could raise up to $75 billion......
The United Kingdom is bracing for its most immediate supply pressure as Europe's aviation fuel reserves hold for now but risk running critically low by May if the Strait of Hormuz remains effectively closed, cutting off roughly 40% of the region's jet fuel imports. The last known kerosene cargo from the Middle East bound for the UK,......
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