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FORGOTTEN HISTORY: 124 - Caught on Camera

Houthis say they attacked 2 Saudi oil tankers in the Red Sea as US carries out 12th night of strikes

Yemen’s Iran-backed Houthi rebels says they have attacked two Saudi oil tankers in the Red Sea, and the U.S. military said it conducted a 12th night of strikes against Iran as the two countries vie for control of vital shipping lanes

The Independent UK

Hormuz, Red Sea spark a 1,000% war-risk premium shock

War-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fresh Houthi attacks and the US-Iran conflict are raising voyage costs, increasing crude import expenses for India and adding fresh uncertainty to global oil markets.

The Economic Times

Iran's Drones Hit CIA Sites With 'Unusual Precision'; Did Russia Help?

US intelligence is investigating whether Russia aided Iran in targeting CIA facilities with drones, raising concerns about military cooperation between the two nations.

International Business Times UK

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Cutting off Red Sea oil route may be one crisis too many

The Red Sea conflict has disrupted oil flows, impacting global energy markets. This escalation is now forcing oil tankers to reroute, increasing transit times significantly. Asian refining output has plummeted, and China's recovery faces new challenges. Soaring fuel prices are reducing global oil demand, affecting economic activity. The world faces…

The Economic Times

US issues ‘worldwide caution’ for citizens, strikes on Iran’s military infrastructure continue

The US state department issued a worldwide security advisory for American citizens, warning that heightened tensions in the Middle East could trigger “unforeseen escalation” and travel disruptions. The advisory also cautioned about potential threats to US interests overseas.

The Times of India

Asian shares are mostly higher and Mideast tensions push Brent crude past $96

Asian shares are mostly higher, while the intensifying war with Iran pushed Brent crude past $96 a barrel

The Independent UK

Rupee likely shielded by RBI intervention as oil surges

The Indian rupee remained largely unchanged on Thursday. Higher oil prices and central bank actions influenced its movement. Global tensions in the Red Sea and strikes on Iran escalated oil prices. These rising energy costs pose a significant risk to India's economy. The rupee's stability depends on continued foreign investment…

The Economic Times

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Iran-US war latest: Oil prices surge above $100 as Trump weighs broader Iran offensive

‘They haven’t received enough pain yet,’ president warns after attacks on ships crossing the Red Sea

The Independent UK

'Idiotic' US-Saudi Nuclear Deal Mid-Iran War Could Provoke Tehran to Build Bomb, Expert Warns

The US and Saudi Arabia have finalised a nuclear cooperation deal, raising concerns over uranium enrichment and regional security amidst ongoing tensions with Iran.

International Business Times UK

Houthis claim strikes on two Saudi tankers as US attacks on Iran widen

Attacks by Iranian-aligned Houthis in Red Sea follow Trump threats to destroy more Iranian infrastructure

The Guardian - AU

US strikes Iran for 12th night, targets missile, drone and air defence sites

The US military launched another round of strikes against Iran on Wednesday, marking the 12th consecutive night of attacks, US Central Command (CENTCOM) said. The strikes targeted Iranian military sites, including maritime capabilities, missile and drone storage facilities, coastal surveillance sites and air defence assets.

The Times of India

Iraq’s impossible predicament: why the country is trapped between Iran and the US

The long read: With the outbreak of this year’s war, Iraq’s balancing act between the two antagonists has collapsed, exposing a perilously fragile state

The Guardian - UK

Sensex drops 364 points, Nifty closes below 23,900 as market falls for 4th day on rising Iran-US tensions. What’s ahead?

Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty closed lower as oil prices soared significantly. Broader markets also saw declines, with midcap and smallcap indices falling. Mahindra & Mahindra and Tata Consultancy Services shares led gains on Sensex. Adani Ports, Bajaj Finance, and IndiGo…

The Economic Times

US House approves $95 billion Iran war budget, sends Trump-backed plan to Senate

The US House of Representatives has narrowly approved a $95 billion budget blueprint to fund the war with Iran and advance President Donald Trump's election-related priorities, overcoming resistance within Republican ranks.

The Times of India

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The Economic Times

'If we don't sell oil, no one will': Iran threatens wider crude disruption

Iran warns of regional oil disruption if its exports are blocked. The United States conducted further strikes against Iran's infrastructure. President Trump threatened to destroy Iranian bridges or power plants. Diplomatic efforts show little public sign of progress between the nations. The conflict threatens worldwide economic disruption and rising fuel…

The Independent UK

Iran-backed Houthis strike Saudi oil tankers amid escalating conflict

IN FULL

France 24

UN chief says Middle East conflict is at the 'edge of the imaginable'

Ongoing conflict in the Middle East has pushed the region to the "edge of the unimaginable", UN Secretary-General Antonio Guterres warned on Thursday, as Houthi attacks on shipping in the Red Sea threatened to escalate the conflict further. President Donald Trump said the US would hold Iran responsible for these…

The Guardian - AU

What is the US-Saudi Arabia nuclear deal and why is it causing concern?

The US will help Saudi Arabia establish a civilian nuclear program, but critics have said it could lead to domestic enrichment and set off a regional arms race

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The Economic Times

Oil Price Today (July 23): Crude oil crosses $95 as US strikes enter 12th day. Why Goldman says $120 is possible?

Brent crude futures rose $1.93, or 2%, to $96 a barrel, their highest level since June 8. The benchmark had ended the previous session more than $3 higher at $94.07, just below a six-week high. U.S. West Texas Intermediate crude gained $1.44, or 1.7%, to $88.27 after advancing nearly 3%…

The Economic Times

Oil prices rise to six-week high as US-Iran tensions escalate

Oil prices climbed to a six-week high on Thursday. This surge followed new United States strikes on Iran and Houthi attacks. Iran's Revolutionary Guards reported an oil tanker caught fire near the Strait of Hormuz. The Houthis also threatened vessels carrying Saudi oil in the Red Sea. These events threaten…

The Economic Times

US-Iran tensions underpin dollar as yen nears 40-year low

The dollar stabilized on Thursday as U.S.-Iran tensions increased investor caution. Rising oil prices fueled inflation fears and supported the safe-haven dollar. The Japanese yen languished near a forty-year low with little recovery in sight. European Central Bank is expected to hold rates steady but may hike later. Australian and…

The Economic Times

US House narrowly passes record $1.15 trillion defense bill

The US House approved a defense bill authorizing record funding for the Pentagon. This legislation includes a pay raise for service members and strengthens missile defense systems. The bill faces further debate in the Senate as political polarization continues. Democrats expressed concerns over military spending and the bill's provisions. Increased…

The Economic Times

US military strikes Iran for 12th straight night as conflict escalates

The United States military conducted a twelfth night of strikes against Iran. These attacks aim to degrade Iran's ability to threaten commercial vessels. Iran responded with threats of a powerful and decisive response to any aggression. The conflict has disrupted global energy markets and increased fuel prices. Diplomatic efforts show…

The Economic Times

US Congress passes $95 billion Republican budget for Iran war

The House approved a Republican-only budget proposal for Iran war funding. This plan allocates significant funds for national security and farmers. Democrats argue the money should be spent domestically on lowering costs. Senate Republicans remain divided on the House's budget strategy. The budget battle occurs as military deaths in the…

The Economic Times

Houthis claim attacks on Saudi tankers in Red Sea, raising risk of new chokepoint in Iran war

Houthi militants claimed strikes on two Saudi oil tankers, raising Red Sea shipping risks. The United States launched new strikes on Iran, marking a twelfth successive night of attacks. These actions threaten global oil supplies and increase regional conflict potential. Iran warned of targeting economic infrastructure if its own infrastructure…

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