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Middle East
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U.S. Pressure Is Awakening an Energy Giant in Canada
America’s trade hostility and the war in the Middle East could fuel a renaissance in Canada's energy sector, according to WSJ Markets.
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Oil tanker costs hit record $1.2 million a day as Iran war disrupts shipping, with Middle East-China rates more than doubling since late August
The shortage of the biggest supertankers has caused rates on key Middle East-China routes to more than double since late August, pushing daily costs to a record $1.2 million.
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The Trump administration proposed establishing a $5 billion Middle East reconstruction fund for critical infrastructure damaged by the war in Iran.
The Trump administration proposed establishing a $5 billion Middle East reconstruction fund for critical infrastructure damaged by the war in Iran.
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Russian Urals crude oil premiums in India surged to $8/barrel, a new high since May, due to tightening supply from the Middle East.
Indian and Chinese refiners are turning to Russian crude purchases due to supply disruptions in the Middle East, while exports from Russia's Novorossiysk port remain restricted. The reduction in alter
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Chinese President Xi Jinping urged BRICS nations to work for peace in the Middle East at the BRICS summit, stating that China is willing to play a key role.
Chinese President Xi Jinping stated on Saturday at the BRICS Leaders' Meeting in New Delhi that the complex evolution of the situation in the Middle East and the Gulf region, with conflicts causing se
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Perma-Pipe (PPIH) Q2 revenue increased 24.4% year-over-year to $59.6 million, driven by new orders and a joint venture from its Middle East expansion.
The company reported $67.8 million in new orders for the second quarter, primarily driven by demand in oil and gas and infrastructure. As of July 31, the backlog reached $142.3 million, a 17% increase
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Brent crude oil surpasses $100/barrel as new Middle East attacks spark supply concerns.
Brent crude prices surged past $100 a barrel following new attacks in the Middle East, intensifying market concerns over oil supply.
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Refining bottlenecks are emerging as the next big oil problem, threatening to push prices higher amid Middle East skirmishes
Dwindling global refinery capacity is threatening to turn what started as a Middle East oil-supply crisis into a more complex global oil headache impacting gasoline, diesel and other fuels. Drone and
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China's Xi urges new Middle East security framework during rare Egypt visit, opposing external interference amid US-Israel war on Iran
Chinese President Xi Jinping, during his first visit to Cairo in a decade, called on Middle East countries to oppose external influence and consider reshaping the region’s security order. His remarks
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Middle East Conflict Escalates: Iran's Revolutionary Guard Attacks U.S. Base, Causing "Multiple American Casualties," U.S. Retaliates by Targeting Iran's "Mine-Laying Capability"
Iran's Islamic Revolutionary Guard Corps (IRGC) announced on September 2 that, in retaliation for previous US attacks, it launched a joint missile and drone strike on the US military's Ali Al Salem Ai
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Mideast oil-producing nations scramble for pipeline alternatives to Hormuz
Qatar and Kuwait face a tough road finding bypass routes for exports, while Iraq is working to refurbish a pipeline connection to Syria with U.S. help. Japan is also preparing to support efforts by Sa
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Oil prices rise as traders weigh prospects of easing Middle East supply disruptions; Brent crude up 0.81% to $88.55, WTI up 0.34% to $82.51
Oil prices rose on Thursday, with Brent crude futures up 0.81% to $88.55 a barrel and West Texas Intermediate crude futures gaining 0.34% to $82.51. Traders are weighing signs of diplomatic progress i
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US to return diplomats to Middle East embassies as soon as this week, indicating lower risk of full-scale conflict with Iran
The U.S. is preparing to increase staffing in its embassies in Israel, Lebanon, Saudi Arabia, Qatar, Jordan, Oman, Iraq, and Kuwait, with some returning to full capacity. This move suggests Washington
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UBS Group expands its leveraged deposit offerings to banking clients in the Middle East, capitalizing on higher savings rates in the region
UBS Group expands its leveraged deposit offerings to banking clients in the Middle East, capitalizing on higher savings rates in the region
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The deployment of two U.S. carrier strike groups to the Middle East has strained naval resources.
The United States has deployed two carrier strike groups to the Middle East, a move that represents a significant concentration of firepower but limits the availability of aircraft carriers in other r
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U.S. diesel crack spreads have broken above $100 for the first time, reaching a record high of $102.2, while inventories have fallen to their lowest level since 1996.
The spread between NYMEX near-month US diesel futures and WTI crude oil futures hit a record high of $102.2 per barrel this Monday, marking new records in five of the past six trading days. Meanwhile,
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Former US National Security Advisor Michael Allen: Iran believes it has gained "new leverage" in the Middle East after the US and Israeli attacks.
Former US National Security Advisor Michael Allen stated that Iran believes it has "new leverage" in the Middle East following attacks by the United States and Israel, leverage it did not possess befo
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Middle Eastern Oil Shipments Arrive at US Ports, Easing Supply Pressure
Middle Eastern Oil Shipments Arrive at US Ports, Easing Supply Pressure
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U.S. preparing to deploy USS George Washington aircraft carrier to Middle East, replacing USS Abraham Lincoln after over 250 days of deployment supporting operations against Iran
The USS Abraham Lincoln spent over 250 days deployed, including a record 200 days without a port call, while supporting U.S. operations against Iran. Lawmakers have raised concerns regarding reported
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More than a dozen oil tankers are transferring oil outside the Strait of Hormuz, ensuring a continuous flow of Middle Eastern oil supplies.
More than a dozen oil tankers are transferring oil outside the Strait of Hormuz, ensuring a continuous flow of Middle Eastern oil supplies.
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India commits $8.8bn to deep-sea oil exploration to cut Mideast reliance
India commits $8.8bn to deep-sea oil exploration to cut Mideast reliance
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Michael Allen, former US national security aide, says US's incoherent Iran message confused MidEast region
Michael Allen, managing director of Beacon Global Strategies and a former national security aide to President George W. Bush, stated that America's inability to maintain a coherent message on Iran has
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TRUMP ON ISRAEL, HAMAS DEAL: BIG STEP FOR MIDDLE EAST
Donald Trump commented on the Israel-Hamas deal, stating it is a "big step for Middle East."
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Bulgaria has allowed the United States to deploy refueling aircraft in the country to support operations in the Middle East
Svmuu News: Bulgarian lawmakers have approved a U.S. request to deploy refueling aircraft and military personnel at an airport in the country to support combat operations in the Middle East. Under a m
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HSBC to Open New Wealth Management Center in Abu Dhabi in December, Says Middle East Conflict Has Not Affected Business Demand
HSBC will open a new wealth management center in Abu Dhabi in December, stating that the Middle East conflict has not affected business demand. Mohamed Al Marzooqi, CEO of HSBC UAE, said this is HSBC'
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Iran issues ultimatum to Middle Eastern countries: Stop supporting the US or be designated "hostile states" if US-Iran conflict reignites.
Maleki, a member of the Iranian Parliament's National Security and Foreign Policy Committee, stated that Iran has issued an ultimatum to countries in the Middle East, demanding that they cease all sup
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Iraq condemns recent attacks on Saudi Arabia, affirms territory won't be used for attacks
Iraq's Foreign Minister Fuad Hussein condemned recent attacks on Saudi Arabia and denounced harm done to civilians and public infrastructure. Hussein also reiterated Iraq’s firm stance against allowin
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CNBC Analysis: Iran's growing desperation due to dwindling oil revenues could make it more dangerous in the Middle East.
CNBC analysis suggests that as oil revenues dry up, Iran is becoming increasingly desperate, which could make it more dangerous in the Middle East. Currently, oil shipments through the Strait of Hormu
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US Ambassador to Turkiye Barrack: Washington's Middle East role needs to shift from control to support
US Ambassador to Turkiye Tom Barrack stated that Washington's relationship with the Middle East must change from one of control to one of support, emphasizing that the US no longer seeks to dominate t
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Brent crude tops $111, jumping over 2% as Middle East war risks surge, nearing its highest close since May
Brent crude tops $111, jumping over 2% as Middle East war risks surge, nearing its highest close since May. Global oil inventories are razor-thin, leaving little room for supply disruptions. The U.S.
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Iran's military warns of a new "father of all bombs" weapon, while the Revolutionary Guard Navy strikes a vessel and threatens to expand countermeasures to U.S. military bases.
On October 21, Iranian Islamic Revolutionary Guard Corps (IRGC) spokesperson Hossein Mohbi stated that Iran is preparing to launch a new weapon called "Father of All Bombs" in response to the "Mother
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Oil prices rise, market focus returns to Middle East geopolitics
International oil prices rose due to renewed geopolitical tensions in the Middle East, while concerns about artificial intelligence eased. Meanwhile, Asian stock markets generally fell.
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The U.S. is reducing its military presence in the Middle East and ordering a cut in diplomatic staff, according to officials cited by NBC News.
The U.S. is reducing its military presence in the Middle East and ordering a cut in diplomatic staff, according to officials cited by NBC News.
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Chinese and Iranian delegations discussed peace and security in the Middle East region during the Shanghai Cooperation Organization summit.
According to a statement from China's Ministry of Foreign Affairs, Chinese and Iranian delegations discussed Chinese President Xi Jinping's four-point initiative for promoting common security in the M
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France's Macron makes surprise stop in Riyadh amid heightened Houthi attacks on Saudi Arabia
French President Emmanuel Macron has landed in the Saudi capital, Riyadh, in a surprise stop on his Gulf tour. This visit comes after weeks of intensified Houthi attacks on Saudi Arabia and marks Macr
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Macron: France is in talks with Middle Eastern parties to de-escalate regional tensions
French President Emmanuel Macron told reporters in Doha that France is holding talks with all parties in the Middle East to try to de-escalate tensions in the region. He also stated that discussions w
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Indian Oil plans to reduce crude purchased under term contracts with Middle Eastern producers next year
Indian Oil plans to reduce crude purchased under term contracts with Middle Eastern producers next year
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Key Mideast Oil Benchmark Hits 3-Month Low on Resilient Exports
A key benchmark for Middle East crude fell to its lowest in nearly three months, an indication of the resilience of the region’s exports despite intensifying Iranian attacks on shipping.
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U.S. Envoy Tom Barrack: The U.S. is withdrawing from "oil for security" relationships, not the Middle East, re-evaluating its role after 23 regime changes.
Senior U.S. diplomat Tom Barrack stated at the Doha Global Security Forum that the United States is moving away from its traditional "oil for security" relationship with the Middle East and no longer
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Analyst Zaccara: Despite Mecca Agreement, US Security Role in Middle East Remains Solid
Luciano Zaccara, an associate professor of Middle East politics at Georgetown University in Qatar, stated that the Mecca Accord, launched by Saudi Arabia, Turkey, and Pakistan on October 5, is more of
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US Envoy Tom Barrack Questions Past Middle East Interventions, Urges Diplomacy on Iran
US envoy Tom Barrack has questioned Washington’s history of military interventions in the Middle East, stating that attempts to change governments have repeatedly failed. Speaking at the Global Securi
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Al Jazeera Commentary: Israel's expansionist war unites the Middle East against its plans
Al Jazeera comments that Israeli leaders once dreamed of redrawing the Middle East and erasing Palestine, but their expansionist war has instead united the region against Israel's plans.
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Chinese Foreign Minister Wang Yi tells Israel opening Gaza access is 'immediate priority'
Chinese Foreign Minister Wang Yi told Israeli President Isaac Herzog during a meeting in Azerbaijan that the "immediate priority is to fully open access to the Gaza Strip." Wang also stated that "prom
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Al Jazeera: Balkan Countries' Ties With Israel Shaped by Local Politics, Not United Stance
Al Jazeera reports that Balkan countries' relationships with Israel are driven by domestic calculations, transactional diplomacy, and unresolved identity politics, rather than a shared vision for the
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Middle East Tensions Escalate: US Deploys 2,000 Marines to the Middle East, Oil Tanker Attacked in Strait of Hormuz
The U.S. is deploying 2,000 Marines to the Middle East as part of a larger military buildup around Iran, coinciding with a tanker attack in the Strait of Hormuz.
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Middle East oil and gas flows rising despite dangers in Hormuz Strait, according to tanker captain's account
Middle East oil and gas flows rising despite dangers in Hormuz Strait, according to tanker captain's account
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The US deploys a third aircraft carrier strike group to the Middle East, increasing troop presence by nearly 10,000.
The Pentagon is deploying another aircraft carrier strike group and additional Marine Corps vessels to the Middle East, adding approximately 9,000 to 10,000 troops, the Wall Street Journal reported. T
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Middle East Geopolitical Risks Escalate: Houthi militants attack Saudi oil facilities, commercial vessel explosion occurs in the Strait of Hormuz.
Houthi forces reportedly launched a large-scale ballistic missile and drone attack on oil facilities in the Saudi port of Al-Mu'ajiz on the Red Sea coast. Satellite images show multiple large oil stor
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Middle East
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WTI crude surged over 3.8% during trading, nearing $103.30 per barrel, while Brent crude rose nearly 3.8% to surpass $117.40 per barrel, driven by ongoing Middle East risks and short covering.
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Ukrainian officials state that SpaceX continues to restrict Starlink services, disconnecting drones exceeding 100 mph, despite Donald Trump's prior commitment to restore service.
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