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EXPLAINED: 122 | Rare Historical Photos

Dollar Rises on Houthi Tanker Attack and Higher Oil Prices

The dollar index (DXY00 ) is up +0.37%. The dollar is finding support from strong US interest rate differentials, as the 10-year T-note yield rose by +5 bp and posted a new 1.5-year high amid today's surge in oil prices of more than +5%. The dollar is also seeing support...

Barchart

Iran Conducted Missile Strikes on Secret CIA Facilities. Investigators Are Looking At Russia

The precision of recent Iranian drone strikes on covert CIA facilities in the Persian Gulf has reportedly prompted U.S. intelligence officials to investigate whether Russia may have played a previously undisclosed role in it.

International Business Times

Burnham approves US use of UK bases for defensive strikes on Iran: Report

Newly appointed UK Prime Minister Andy Burnham has approved the use of British military bases by the US for what the UK calls defensive strikes against Iran, Bloomberg reported. This is a continuation of the policy of his predecessor Keir Starmer as the war in the Middle East continues to…

The Times of India

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US House passes war powers resolution directing Trump to end Iran conflict

Resolution, which follows similar one in June, is largely symbolic, as Democrats have few levers to force compliance

The Guardian - US

Houthis Strike Saudi Oil Tankers Threatening Global Fuel Shortages and Gas Price Hikes

Houthi attacks on Saudi oil tankers threaten the Bab El-Mandeb, raising fears of oil supply disruptions, soaring fuel prices and a wider global energy crisis.

International Business Times UK

Oil prices jump to 100 dollars a barrel after Red Sea shipping attacks

On Thursday, US President Donal Trump warned that he will hold Iran directly responsible for further attacks by Houthi rebels on ships in the Red Sea.

Evening Standard

Rubio says Iran is ‘begging’ for deal while Trump threatens ‘major military punishment’

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The Independent UK

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Iran strikes on CIA facilities prompt questions about possible Russian role

US intelligence analysts are investigating Russian involvement in recent Iranian drone attacks. These strikes targeted sensitive CIA facilities in the Gulf region. Analysts suspect Russia provided targeting data and advanced drone technology. This potential Russian support for Iran is a significant concern for US operations. The investigation follows earlier reports…

The Economic Times

Oil passes $100 a barrel again and shares slide as Middle East conflict escalates

Sharp rise in oil price reflects fears Houthi militias could strangle Saudi exports as US-Iran fighting intensifies

The Guardian - UK

House Republicans Spending Bill: $95B Package Advances To Fund Iran War And Voting Laws

House Republicans passed a $95 billion bill funding the Iran war and voting reforms, using reconciliation to bypass Senate filibuster. The bill faces challenges due to a tight political calendar.

International Business Times UK

Rand Paul Warns US Is 'Worse Off' Nearly Five Months Into Iran War As Hormuz Snags Spike Energy Prices: 'By Any Objective Measure…'

Sen. Rand Paul (R-Ky.) said the United States is "worse off" nearly five months after President Donald Trump launched the Iran war, pointing to an increasingly militarized Strait of Hormuz, rising energy prices and the failure to convert battlefield gains into a lasting agreement.

Benzinga

Iran Is Seeking To Dominate The Strait Of Hormuz. Gulf Countries Are Planning To Bypass It

At least seven major pipeline projects are under construction, in the planning stage or being considered as countries seek to bypass the Strait of Hormuz.

International Business Times

Through the Red Sea

Plus: Permits for prayer, a rise in gambling, AOC's world, and more...

Reason

US Probes Whether Russia Helped Iran Target CIA Facilities With Advanced Drone Technology: Report

U.S. intelligence is reportedly investigating whether Russia provided Iran with targeting intelligence or advanced drone technology following Iranian drone attacks on CIA facilities in the Gulf.

Benzinga

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Roll Call

Trump linked Iran’s Hormuz attacks, midterms. Senators have doubts

Some foreign-policy-minded senators are dismissing President Donald Trump’s assessment that Iranian officials have been disrupting the Strait of Hormuz to influence the midterm elections. Several senators — Democratic and Republican — furrowed brows or shook their heads Wednesday when asked about Trump a day earlier replying “probably” when asked if…

International Business Times

Marco Rubio Says Iran Is 'Not Ready' To Make a Deal, Threatens With Further Escalation 'Every Night'

Secretary of State Marco Rubio said strikes against Iran will continue to escalate until Tehran is ready to make a deal "they are willing to live by."

The Guardian - UK

UK households free to install plug-in balcony solar panels from end of August

Law change means renters and flat owners may be able to cut bills as energy costs soar amid Iran war

International Business Times

The Houthis Struck Two Saudi Ships In The Red Sea. Oil Is Jumping Further, With Brent Topping $100

Oil prices soared on Thursday after Iran's Houthi allies struck two vessels carrying Saudi oil in the Red Sea as clashes in the Middle East continue to escalate.

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Euronews

ECB holds rates at 2.25% as the reignited Iran war keeps a second hike in play

The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another hike firmly on the table for autumn.

The Economic Times

Trump warns Iran will be held 'responsible' for Houthi ship attacks

President Trump warned Iran of significant military punishment for Houthi attacks. He described the Yemen-based militia as a proxy of Tehran. This warning followed Houthi claims of striking two Saudi oil tankers. The Houthis stated the vessels violated their declared naval blockade. This incident ended a year of responsible behavior…

International Business Times

The Houthis Announced An Embargo Of Saudi Oil In The Red Sea. They Began Enforcing it Forcefully

Iran's Houthi allies said they struck two Saudi tankers as part of their embargo of the country's oil in the Red Sea.

The Guardian - UK

First Thing: US agrees Saudi uranium deal as strikes on Iran continue and Yemen’s Houthis hit tankers

Conflict continues across the region as White House announces nuclear technology agreement. Plus, the artist who flattened a Tesla with a tank

The Independent UK

Iran will ‘pay the price’ if Tehran doesn’t make deal with Trump, vows Rubio

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Benzinga

Trump's Golden Dome, B-21 Bombers, New Submarines and More Win Funding as House Narrowly Approves $1.15 Trillion Defense Package

The House narrowly passed a nearly $1.15 trillion National Defense Authorization Act (NDAA) in a 216-212 vote, approving billions in funding amid escalating military spending and the war in Iran.

Roll Call

Congress splits on two war powers resolution votes

The House and Senate, in votes Thursday on ending the Iran war, came to different conclusions, but the majority of voting members of Congress said it is time to bring U.S. troops home. The House, for the second time, formally called on President Donald Trump to end the war, approving…

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