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FORGOTTEN HISTORY: 33 - The Untold Story

Strait of Hormuz ships traffic tanks to below 10-day average, data shows

Seven commodity vessels transited the Strait of Hormuz on Thursday, a decrease from the previous day. This traffic level remains below the recent ten-day average for the vital waterway. Meanwhile, seventeen commodity vessels passed through the Bab el-Mandeb strait, another key maritime route. Iran and Oman are reportedly discussing details…

The Economic Times

Military action against Iran not over: US President Donald Trump

US President Donald Trump indicated military operations targeting Iran might continue. He firmly ruled out immediate talks with Tehran, stating Iran has limited capabilities. Trump highlighted Iran's severe military and economic strain following recent confrontations. The Strait of Hormuz reopening does not signify an end to potential US military engagement.…

The Economic Times

Trump used to say he saw a quick end to his Iran war. Six months later, he claims he's in no hurry

President Trump faces criticism as the six-month war against Iran continues unexpectedly. The administration now focuses on economic pressure and sanctions to achieve its goals. This strategy shift comes amid concerns about diminished military stockpiles and global readiness. Iran, though battered, has shown resilience and adapted to sanctions over decades.…

The Economic Times

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Six months on, the Iran war has changed the Middle East, but not in the way its architects had hoped

The Iran war has changed the Middle East, but not in the ways that the United States and Israel had hoped

The Independent UK

Iran's security chief denies report of assassination plot against Trump's son Barron

Iran's Mohsen Rezaei denied reports of a plot to assassinate Barron Trump. He stated the Strait of Hormuz issue connects to ending regional conflicts. Mediators asked Tehran for conditions to reopen the vital shipping strait. Iran is preparing a list of demands for the waterway's reopening. An agreement with Oman…

The Economic Times

China's help critical, but unlikely, for US to choke off Iran

The United States seeks to economically isolate Iran through expanded sanctions. China's continued trade with Tehran complicates these US efforts significantly. Beijing defends its legitimate cooperation and vows to protect its economic interests. The US has targeted some Chinese entities but avoided major financial institutions. China has little incentive to…

The Economic Times

Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?

Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $83. Brent was on track to lose 5.3% for the week, while WTI was set to fall 4.3%.

The Economic Times

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Tehran will 'send Netanyahu to hell', Iran's security chief Rezaei says; warns of severe confrontation

Iranian security chief Mohsen Rezaei has warned of a severe confrontation with the US if the blockade of Iranian ports continues, threatening retaliation against American economic interests. He also warned of a new phase of conflict with Israel, while claiming Iran exported up to 80 million barrels of oil during…

The Economic Times

'Will send Netanyahu to hell’: Iran warns of ‘confrontation’ if US blockade continues

Iran has issued a fresh warning to Israel and the United States, with its security chief threatening a severe confrontation if Washington continues its blockade and vowing to target US economic interests in the region.

The Times of India

Oil on track for weekly loss even as Iran tensions simmer

Oil prices have dipped, bringing an end to a two-week rally in crude futures. The United States has announced that there are no current negotiations happening with Iran. Geopolitical tensions have ramped up following a warning issued by Russia to Britain, and Donald Trump has speculated that Russia will refrain…

The Economic Times

US to send new aircraft carrier to Middle East as Iran war drags on

The USS Theodore Roosevelt strike group is expected to deploy to the Middle East in coming weeks, replacing the USS George Washington after more than seven months at sea. The move comes as the US maintains carrier-based strike capabilities amid its war with Iran, while seeking to ease pressure on…

The Economic Times

US military faces ‘beyond critical’ shortage of Patriot missiles in Europe

The US military is running critically low on Patriot missile interceptors in Europe as the war with Iran drains stocks, according to US and NATO officials. The shortfall is raising concerns about NATO’s ability to counter a potential Russian ballistic missile attack, though officials said no such assault is imminent.

France 24

‘Most’ of Trump’s staff wants to leave the White House, reporter claims

The mood is reportedly tense inside the White House as the Iran war drags on and Republicans head to potential defeat in midterms

The Independent UK

Six months into the US-Iran war, will there be any accountability for potential war crimes?

The Trump administration has consistently viewed itself as being above international law. Not only does it claim international law doesn’t apply to the United States, it has imposed sanctions on officials of the International Criminal Court (ICC).

The Conversation

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Barchart

Crude Oil Settles Higher on Diplomacy Doubts to End US-Iran War

October WTI crude oil (CLV26 ) closed up +1.30 (+1.58%) on Thursday, and October RBOB gasoline (RBV26 ) closed up +0.0298 (+1.01%). Crude oil and gasoline prices settled higher on Thursday. Crude prices rallied Thursday after a Wall Street Journal report said the US has no interest in returning to...

International Business Times UK

Hegseth Explodes at Reporter Over Foolish Question: 'Why Would I Answer?' as US Missile Stocks Face Scrutiny

Pete Hegseth rejected a reporter's question about US missile stocks as reports point to heavy use of ATACMS and air-defense interceptors

Barchart

When Will Crude Oil Prices Stabilize?

Crude oil prices have declined from the March 2026 high, but they remain highly volatile, driven by uncertainty and hostilities in the Middle East. Crude oil’s trend since March 2026 has been bearish, but the potential for price spikes remains a clear and present danger in late August 2026.

International Business Times

Oil Prices Are Boosting Trump's Investments. The White House Reiterates The Portfolio is Independently Managed.

A report written by Democrats says Trump made at least $15.5 million on oil and gas stock.

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International Business Times

OPEC+ Can't Control Oil Prices Like It Used To. China Is Filling the Power Vacuum.

Production announcements that once could send oil prices soaring or tumbling are having far less impact.

The Guardian - US

Trump’s war on Iran is rapidly draining US navy budget, documents and interviews reveal

Exclusive: Experts and former officials say accounts are running dry, and funding a war with no clear endgame is the main challenge

Euronews

Incidents of piracy off Somalia surged in 2026, new analysis of IMO data shows

The region, which hosts some of the world's busiest shipping routes, has seen traffic heavily disrupted since the Iran war began on 28 February, affecting shipping through the crucial Strait of Hormuz.

The Economic Times

US runs short of Patriot missiles in Europe as Iran war drains stocks

United States military faces a critical shortage of advanced missile interceptors in Europe. This depletion is largely driven by President Donald Trump's conflict with Iran. US missile stocks have been moved to the Middle East for operations against Iran. This situation raises concerns about NATO's vulnerability to potential Russian attacks.…

Euronews

Qatar PM meets Iran’s Araghchi in Tehran as Doha pushes de-escalation and reopening Hormuz

Qatar is stepping up its mediation efforts as regional tensions remain high and direct US-Iran talks remain stalled, with Doha focused on de-escalation, dialogue and restoring freedom of navigation through the Strait of Hormuz.

Barchart

Crude Oil Prices Pressured as Middle East Crude Supplies Increase

October WTI crude oil (CLV26 ) is down -0.09 (-0.11%) today, and October RBOB gasoline (RBV26 ) is up +0.0079 (+0.27%). Crude oil and gasoline prices are mixed today. Dollar strength is weighing on crude prices today after the dollar index rose to a 1-week high. Crude is also under...

The Independent UK

Bulletin PM briefing: Second Nepal flood fears and Butcher of Bosnia dead

Nepal flash flood death toll rises amid fears over second disaster. Russia says UK is ‘playing with fire’ as it threatens military bases. Who was Ratko Mladic? Butcher of Bosnia dies in prison aged 84. Another US aircraft carrier heading to Middle East as Trump makes Iran war vow. Teacher…

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