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THE TRUTH ABOUT: 21 | History Defined

Oil Price Today (September 3): Crude oil flat at $96 as traders weigh fresh US-Iran attacks. What are experts saying?

U.S. President Donald Trump said on Wednesday that the renewed U.S. campaign against Iran would not continue for "too long". He said U.S. forces had targeted Iran's radar and missile systems.

The Economic Times

US struck 60 targets as 40 vessels, 18mn barrels of oil crossed Hormuz in record day: Report

The US military escorted 40 commercial vessels carrying around 18 million barrels of oil through the Strait of Hormuz on Tuesday, marking a wartime high as Washington and Tehran exchanged a fresh round of strikes, according to two US officials familiar with the operation who spoke to CNN.

The Times of India

Iraq oil exports surge, India set to benefit as Hormuz flows ease

Iraq's oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage approvals. Buyers were incentivized by substantial discounts offered on Iraqi crude oil. Major importers like China and India are receiving more heavy crude. Shipments are improving supply to key Asian markets.

The Economic Times

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Oil edges down as investors weigh uncertainty over U.S.-Iran strikes

On Thursday, oil prices dropped slightly amid escalating military tensions. Investors are closely monitoring the hostilities between the United States and Iran, as recent clashes mark the most significant skirmishes since July, raising global supply concerns. Nevertheless, by midday Wednesday, initial signs of easing tensions appeared, with shipping data revealing…

The Economic Times

Iran, US trade threats as Tehran blames Washington for wedding strike

Iran and the United States traded threats on Wednesday after their heaviest military exchanges in weeks. Tehran accused Washington of striking a wedding party and called the attack a war crime. President Donald Trump threatened further US strikes, while Iran’s security chief warned Washington would face a “new strategy.”

France 24

China’s falling emissions amid Iran war spark hope of decarbonisation watershed

Oil consumption plummets and EV sales soar as analysts say demand may not fully return even if crude price falls

The Guardian - UK

Andy Burnham targets migrant crisis ahead of Macron’s visit to No 10

PM will aim to centre talks with French president on key foreign policy issues such as Iran, smuggling gangs and EU relations

The Guardian - UK

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US-Iran war: Old videos falsely claim to show new attacks on American bases

As US-Iran hostilities flare up and strikes resume, so has a wave of misinformation online. Old and unrelated videos are flooding social media, falsely presented as footage of new attacks. As tensions escalate, clips filmed in Dubai, Russia and the US have been misrepresented as Iranian strikes on US bases…

France 24

US stocks today: US markets rebound from lows, but inflation, Iran war worries persist

US stocks rebounded from a three-day selloff, with the S&P 500, Nasdaq and Dow ending higher. However, persistent inflation concerns, a global bond selloff and escalating US-Iran tensions kept investors cautious, while weak jobs data raised concerns about corporate spending and the US economic outlook.

The Economic Times

The Trump administration says more oil shipments exited the Middle East this week than before the Iran war, but the data says otherwise

More oil is exiting the Middle East of late, but it's not close to pre-war levels, experts said.

Fortune

Yields Stopped Soaring On Wednesday. Stocks Broke a Losing Streak And Climbed.

Private payrolls rose less than expected and hostilities between the U.S. and Iran continued.

International Business Times

Trump Is Back To Seeking Regime Change in Iran

With the conflict over Hormuz dragging on, the administration is betting on a strategy that failed at the beginning of the war.

Reason

What to know about a reported US airstrike that hit a wedding in Iran

During the latest American bombardment of southern Iran, a missile hit a home where a wedding was being celebrated

The Independent UK

Israeli FM Gideon Sa'ar: 'I hope Iran will not make the mistake of attacking us'

In an interview with FRANCE 24, Israel's Minister of Foreign Affairs Gideon Sa’ar addressed the resumption in fighting between the US and Iran, and warned that any Iranian attack on Israel would trigger a "severe" response. He also accused Tehran of continuing to pursue "nuclear weapons aspirations", claiming that Israel…

France 24

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Latin Times

Gas Prices Climb as Iran Strikes Resume, Clouding Trump's Venezuela Oil Promise

New U.S. strikes on Iran pushed oil higher this week, clouding Trump's promise that a Venezuela oil deal will soon lower gas prices for Latino voters.

France 24

Videos and debris raise questions over alleged US strike on Iranian wedding

On the evening of September 1, a barrage of US missile and drone attacks on a town in southern Iran allegedly struck a wedding ceremony, killing at least five people, including a four-year-old boy. FRANCE 24 geolocated a direct hit to the civilian building where local residents say the wedding…

The Economic Times

Iran blacklists more ships trying to sail through Hormuz, govt website shows

Iran has expanded its list of vessels prohibited from navigating the strategic Strait of Hormuz, now including eleven additional ships. These vessels risk penalties such as fines, confiscation, or even detention if they attempt to pass through. The Persian Gulf Strait Authority controls this list of non-compliant tankers, intensifying tensions…

The Times of India

China's Xi Jinping tells Middle East to be ‘masters of their own destiny’ amid Iran war

Chinese President Xi Jinping urged Middle Eastern nations to resist external interference. He called for reshaping the region's security order during talks with Egypt's President Sisi. Both leaders agreed to deepen security and economic cooperation between their nations. China seeks to expand its influence and safeguard vital shipping routes. Egypt…

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The Independent UK

Russia ‘helping Iran to build missiles’ to target US warships

IN FULL

International Business Times UK

Joe Rogan Accuses Trump of Renaming Lake Ontario to Distract Americans From Iran 'War We Can't Win'

Joe Rogan suggests Trump's renaming of Lake Ontario to 'Lake America' is a distraction from the US-Iran conflict, amid public disapproval and ongoing trade tensions with Canada.

The Independent UK

The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves

Oil giant Chevron is expanding its operations in Venezuela as some details emerge about President Donald Trump's separate deal for a U.S.-controlled joint venture to develop more of the nation's proven reserves

Latin Times

Four-Star Dissent: Leaked Document Shows SOUTHCOM Chief Warned Iran War Is Straining Latin America

A classified Pentagon document made public this week shows SOUTHCOM commander Gen. Francis Donovan and three other four-star officers formally objected to extending U.S. military commitments in Iran, warning the war is straining forces meant for Latin America, Europe and the Pacific. The Pentagon confirmed the dissent while blasting the…

Barchart

Fears of an Extended US-Iran Conflict Boost Crude Oil Prices

October WTI crude oil (CLV26 ) is up +0.43 (+0.48%) today, and October RBOB gasoline (RBV26 ) is up +0.0126 (+0.40%). Crude oil and gasoline prices are moving higher today, with crude oil posting a fresh 6-week high. Crude has support as hostilities escalated between the US and Iran, raising...

The Independent UK

Russia is secretly helping Iran to develop supersonic cruise missiles, says report

The Trump administration has played down reports that Russia is providing material support to its ally in Tehran

Barchart

Stocks Push Higher as Crude Oil and Bond Yields Stabilize

The S&P 500 Index ($SPX ) (SPY ) is up by +0.50% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.17%. E-mini S&P futures (ESU26 ) are up +0.49%, and September E-mini...

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