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INSANE: Middle east - The Real Truth

Shell expects refineries to almost double the profit from every barrel of fuel made

Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia

The Guardian - UK · 1h ago

Live: Israel marks three years since Hamas’s deadly October 7 attacks

Israelis on Wednesday began commemorations for the victims of Hamas’s October 7, 2023 attacks, which killed 1,200 people and saw 251 hostages taken. This year – the third anniversary of the attacks – is the first time all the hostages or their remains are home. Follow our liveblog for the…

France 24 · 6h ago

Crude Prices Pressured as More Oil Supplies Leave the Middle East

November WTI crude oil (CLX26 ) is down -1.27 (-1.42%) today, and November RBOB gasoline (RBX26 ) is down -0.0443 (-1.36%). Crude oil and gasoline prices are falling today, with crude oil dropping to a 1-month low. Signs that more crude supplies are leaving the Middle East are easing global...

Barchart · 17h ago

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Middle East oil exports are recovering despite Strait of Hormuz tanker attacks, but the bigger problem is getting crude safely to buyers

Middle Eastern oil exports have significantly recovered as shipping companies navigate a complex transport network. While conventional methods remain risky, alternate routes are being utilized to ensure continuous oil movement. Oil producers are adjusting strategies, relying on pipelines and offshore transfers to circumvent dangerous waters. The shipping process has become…

The Economic Times · 18h ago

The day the fault lines cracked: October 7’s aftershocks travelled from Israel and Gaza to Iran, Red Sea and $100 oil

It started at the Gaza border. Then came Hezbollah, Houthi attacks, rerouted ships, an Israel-Iran war, American strikes and an oil shock. Three years after October 7, the Middle East’s fault lines have cracked open far beyond where the first shots were fired.

The Economic Times · 19h ago

Haldia to revamp feedstock mix after Mideast war hit supplies, executive says

In response to disruptions from the Middle East conflict, Haldia Petrochemicals Ltd is set to broaden its feedstock sourcing strategies. Currently reliant on 50% local supply and 50% from the Middle East, HPL plans to enhance its processing abilities by using condensate and up to 30% LPG at its West…

The Economic Times · Oct 5

World's Biggest Oil Giant Warns Global Stockpiles Are 'Scarily Thin' and Could Take Two Years to Rebuild

Saudi Aramco CEO Amin Nasser says oil inventories are 'scarily thin' after Middle East disruptions, with restocking potentially taking two years as Hormuz remains critical.

International Business Times UK · Oct 5

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Houthis claim attacks on Riyadh airport as Saudi-led forces strike Yemen

Iran-backed Houthis said Monday they had struck Riyadh's international airport and an Aramco refinery as Saudi-led forces intensified attacks on Houthi positions in Yemen in a bid to retake territory. Pakistan and Turkey also pledged troops to Saudi Arabia under a new defence pact.

France 24 · Oct 5

Iran oil minister resigns, replaced by top executive amid US blockade on Tehran's exports

Iranian Oil Minister Mohsen Paknejad has resigned, with National Iranian Oil Company chief Hamid Bovard appointed as acting minister. The resignation comes as the US intensifies its naval blockade and sanctions targeting Iran’s oil revenues amid the ongoing Middle East war.

The Economic Times · Oct 5

US withdraws all bombers from UK's Fairford base after suspected terror plot

The United States has withdrawn all bombers from RAF Fairford following an investigation into a suspected terror plot. The withdrawal occurred shortly after several people were arrested in connection with the alleged attack plans. British authorities indicated potential Iranian involvement, while Tehran firmly denied these claims and summoned the British…

The Times of India · Oct 4

Trump Vows Iran Ends "Right After the Election" as the U.S. Sends 9,000 More Troops to the Middle East

Trump vows Iran ends "right after the election" as the U.S. sends 9,000 more troops — what it means for 258,000 Latino service members.

Latin Times · Oct 3

Why is the Bahrain Grand Prix taking place in Malaysia today?

Chaos and confusion in Sepang as heavy rain causes havoc with race start

Evening Standard · Oct 2

Trump Administration Diverting Money From Europe, Middle East To Latin America Amid Geopolitical Shifts

Congress approved the funds other purposes.

International Business Times · Oct 2

Trump sending third aircraft carrier and 9,000 more troops to Middle East

IN FULL

The Independent UK · Oct 2

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The Independent UK · Oct 2

Max Verstappen sets early practice pace for rearranged Bahrain Grand Prix

Formula One returned to Malaysia for the relocated race after it was cancelled earlier this season because of the Middle East conflict.

The Economic Times · Oct 2

Gold price today: Precious metal slips ahead of US Jobs data; MCX closed for Gandhi Jayanti

Gold prices fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion. Traders await US jobs data for Fed-rate clues. With MCX closed for Gandhi Jayanti, international markets, Middle East tensions and weekend developments could drive Monday’s…

Reason · Oct 1

U.S. Troops Finally Leave Iraq. When Are They Leaving the Rest of the Middle East?

Ending over 20 years of intervention is a step in the right direction, but tens of thousands of soldiers remain in the war-torn region.

The Times of India · Oct 1

EU aviation agency issues Saudi airspace warning to airlines after Houthi attacks

The European Union Aviation Safety Agency (EASA) has issued a critical advisory for airlines to steer clear of Saudi and Jordanian airspace due to heightened safety risks. The agency's warnings follow recent Houthi strikes, prompting an extension of safety recommendations across various Middle Eastern territories until November 16. EASA remains…

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Euronews · Oct 1

Greece urges EU to loosen fiscal rules as energy crisis deepens

High energy prices and military escalation at energy facilities in the Middle East prompted Greek Prime Minister Kyriakos Mitsotakis to ask Brussels for greater fiscal flexibility. Greece has the largest debt among EU countries and is heading to polls in 2027.

The Economic Times · Oct 1

Global Market: Kospi falls as oil prices, Middle East uncertainty weigh

South Korean shares slipped despite record September exports, as elevated oil prices and uncertainty over Middle East energy supplies weighed on sentiment. The KOSPI fell 0.21%, while the won weakened and bond yields rose. Exports surged 83.5%, driven by semiconductor shipments and strong AI-related demand, but foreign investors remained net…

The Economic Times · Oct 1

Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports

Oil prices exhibited notable stability during the early trading hours in Asia as traders closely monitored the US-Iran peace discussions for potential ramifications. While Brent crude futures slightly increased, US West Texas Intermediate experienced a marginal dip. Analysts emphasized the need for significant developments in the negotiations to see a…

The Economic Times · Sep 30

Global Market: European shares head for first monthly decline in six months as yields rise

European shares were set for their first monthly decline in six months as Middle East tensions, higher energy prices and rising bond yields heightened inflation and interest-rate concerns. The STOXX 600 gained 0.7% but remained on track for a September loss. Mining stocks advanced, while investors awaited key European inflation…

The Economic Times · Sep 30

Gold heads for monthly decline, US inflation data looms

On Wednesday, gold prices remained stable, although they are poised for a monthly decline. Market participants are scrutinizing US inflation metrics to gauge the Federal Reserve's upcoming policies. The anticipated rise in interest rates is impacting gold alongside other precious metals. Additionally, a significant drop in consumer confidence has emerged…

The Economic Times · Sep 30

Oil climbs after Trump denies he is willing to ease sanctions on Iran

Oil prices surged following US President Donald Trump's clear stance of not easing sanctions on Iran. Meanwhile, Qatar voiced optimism for peace discussions between the US and Iran, focusing on finding shared interests. Additionally, September saw a notable rise in crude oil exports from the Middle East. In the US,…

The Guardian - AU · Sep 30

Forget the inflation blame game – politicians should let the RBA get on with its job

The war in the Middle East and ‘excessive’ levels of government spending have contributed to the rebound in inflation and interest rates in Australia

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