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DARK SECRETS: 97 | Vintage Vibes

Crude Oil Prices Drop on Increased Traffic Through Strait of Hormuz

September WTI crude oil (CLU26 ) closed down -0.87 (-1.03%) on Thursday, and September RBOB gasoline (RBU26 ) closed down -0.0945 (-2.93%). Crude oil and gasoline prices gave up an overnight advance and settled lower on Thursday in hopes of a diplomatic solution to the US-Iran war. Crude prices also...

Barchart

Shell’s profits have more than doubled while Americans keep paying more at the gas pump

‘When wars make oil companies richer, something’s seriously messed up in the world,’ one social media user noted

The Independent UK

Saudi Arabia prepares sea and possible land offensive against Houthis

Yemeni sources say Saudis concentrating forces for what could be attack in central Yemen

The Guardian - UK

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Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply

A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed…

The Economic Times

Iran war powers resolution blocked in Senate as conflict heats up

The Senate again rejected advancing a measure to direct President Donald Trump to end the war in Iran, a vote that comes as a brief respite in fighting appears to be over. The Senate voted 49-50 on Thursday against discharging from the Senate Foreign Relations Committee a war powers resolution…

Roll Call

Deepening Middle East turmoil that Trump must stop making worse

THE INDEPENDENT VIEW: Editorial: With surrounding countries now being dragged into a widening Iran war, the US president must listen to his Western allies and begin the process of longer-term diplomatic talks – or risk impeachment

The Independent UK

Here's why new fronts seem to be opening up across the Middle East

Recent days have seen a series of attacks across the Middle East, from the U.S. and Saudi Arabia bombing militias in Iraq to drones setting ships ablaze in Egypt

The Independent UK

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2,557 Indians evacuated from Iran via Armenia, Azerbaijan amid West Asia conflict: MoS Kirti Vardhan Singh

Over 2,500 Indian nationals were evacuated from Iran through neighboring countries. The Indian Embassy in Tehran facilitated their safe cross-border movement for onward travel. Government advisories urged citizens to consider temporary exits from Iran due to escalating tensions. India remains engaged with regional partners to ensure safety and secure energy…

The Economic Times

US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict

The United States and Iran exchanged missile strikes, escalating regional conflict. Jordan and Kuwait reported intercepting Iranian missiles and a deadly strike respectively. Drone attacks caused fires on ships at an Egyptian port this week. The ongoing war has significantly impacted global fuel prices and the economy. Diplomatic efforts continue…

The Economic Times

Crude Oil Prices Slip on Ongoing US-Iran Negotiations

September WTI crude oil (CLU26 ) today is down -0.16 (-0.19%), and September RBOB gasoline (RBU26 ) is down -0.0740 (-2.29%). Crude oil and gasoline prices gave up an overnight advance and turned lower on hopes for a diplomatic solution to the US-Iran war, along with signs of increased oil...

Barchart

US hits dozens of targets in Iran overnight as peace efforts under threat

Central Command says strikes aimed at diminishing Iranian military while mediators say talks are continuing

The Guardian - UK

Iran’s war with the US is not its only conflict as internal crises mount

Government fears social discontent on ‘most important battlefield’ of economy and livelihoods as war takes its toll amid anti-state dissent

The Guardian - UK

Stocks Rally on Stellar Microsoft Earnings and Chip Stock Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +0.86%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.65%. September E-mini S&P futures (ESU26 ) are up +0.84%, and September E-mini Nasdaq futures...

Barchart

US-Iran conflict spreads as new fronts open

One war, many nations — and no exit in sight

The Times of India

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International Business Times UK

Trump Reportedly Erupts at National Security Team Over Iran as Ally Says There Was 'No Real Strategy'

President Trump is reportedly frustrated with senior officials over the stalled Iran conflict, as internal divisions and strategic challenges persist, despite denials of discord from the White House.

Evening Standard

Interest rates held at 3.75% but Bank prepared to raise them if Iran war goes on

The Bank of England indicated that interest rates could be hiked in response to further re-escalation of the US-Israel’s conflict with Iran.

Evening Standard

FTSE 100 reaches new heights in spite of ongoing Iran war

The FTSE 100 Index has already hit record intraday highs in the past two days, reaching 10979.24 at one stage on Thursday.

The Guardian - US

Democrats demand answers over treatment of wounded US troops after Iran strike

Lawmakers question delays in medical care, casualty figures and Pentagon’s handling of drone attack in Kuwait

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The Economic Times

Iran claims to destroy three F-35 jets, damage 3 more in Jordan after US attack

Iran stated it destroyed three US F-35 jets at Jordan's Al-Azraq Air Base. This action was a direct response to American airstrikes on Qeshm Island. US Central Command confirmed large-scale strikes against IRGC targets inside Iran. These strikes aimed to diminish threats posed by Iran and its proxies.

Bangkok Post

Middle East faces expanded war as Iran and US reignite attacks

NEW YORK — The Middle East teetered on the brink of an expanded war Thursday, after Iran and the United States reignited their hostilities and inflamed conflicts on other fronts that threatened to draw in more countries.

The Independent UK

Mapped: All of the countries dragged into Trump’s war in Iran

IN FOCUS: The war has spread across the Middle East, with unprecedented disruption to global oil supplies and Gulf states being targeted by Tehran. Maira Butt looks at how the war has dragged in countries on several continents

Barchart

Stocks Rebound as Microsoft Earnings Ease AI Spending Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.69%. September E-mini S&P futures (ESU26 ) are up +1.09%, and September E-mini Nasdaq futures...

Evening Standard

Borrowers not set for lower mortgage rates ‘any time soon’, warns expert

More than 30 lenders have hiked rates in recent weeks amid renewed inflation fears caused by the Iran war, according to Moneyfacts.

International Business Times

The U.S. And Iran Continue Trading Strikes. Oil Is Dropping Anyway

Oil is dropping on Thursday despite continued hostilities between the U.S. and Iran.

The Independent UK

The Latest: US and Iran trade strikes as hopes dim for a quick resolution

Back-and-and-forth missile strikes between the U.S. and Iran are dimming hopes for a deal to end the war as more countries are drawn in

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