UN-backed experts find US may have committed war crimes in Iran, and other Mideast developments Here’s a look at the latest news in the Middle East The Independent UK · Sep 17
Pakistan to seek bigger China swap line as $30 billion facility nears renewal Pakistan plans to request an increased swap line with China upon its 2027 expiration. The nation anticipates a U.S. response regarding a proposed $10 billion stabilization facility soon. Discussions are ongoing with U.S. entities for potential aircraft and refinery financing. Pakistan navigates elevated crude oil prices due to Middle East… The Economic Times · Sep 17
Iran-US live: Trump weighs ‘big decision’ on war after UN says school attack may have been war crime UN mission also accuses Iran of crimes against humanity during its anti-government protest crackdown The Independent UK · Sep 17
Russian oil uncertainty hangs over India’s largest buyers Indian state-owned refiners are facing rising crude supply uncertainty as Middle East disruptions coincide with the risk of tougher US restrictions on Russian oil buyers. Saudi Arabia’s East-West pipeline shutdown has disrupted more than 400,000 barrels a day of supplies to India, although about half the capacity could return within… The Economic Times · Sep 17
Oil Price Today (September 17): Crude oil falls below $105 even as Middle East tensions simmer. Here’s why Crude Oil Price Today : Brent crude futures fell $1.25, or 1.22%, to $104.62 a barrel, while U.S. West Texas Intermediate futures declined $1.16, or 1.2%, to $101.20 a barrel. Both benchmarks had dropped by about $3 on Wednesday. The Economic Times · Sep 17
Oil prices extend losses as fears of Middle East supply disruptions ease Oil prices fell further on Thursday, building on losses from the day before, largely influenced by Saudi Arabia's promise of more crude. Reports of shipments transported through Oman alleviated some supply worries, and hopes for decreased tensions in the Middle East kept prices from rising. However, with U.S. crude inventories… The Economic Times · Sep 17
Soft landing botched: IMF backs more rate rises The Reserve Bank should "stand ready" to raise interest rates again, as the Middle East war and poor productivity growth make it harder to get inflation down. AAP · Sep 16
Active-duty military members leak images of damage to US planes and bases during Iran war Previously unseen photos show the aftermath of Iranian strikes on US facilities in Saudi Arabia and Kuwait The Independent UK · Sep 16
Crude Oil Prices Sharply Lower as Middle East Disruptions Ease October WTI crude oil (CLV26 ) closed down -3.40 (-3.21%) on Wednesday, and October RBOB gasoline (RBV26 ) closed up +0.0198 (+0.57%). Crude oil and gasoline prices settled mixed on Wednesday, with gasoline climbing to a 3-week nearest-futures high. Crude prices fell sharply on Wednesday as signs emerged that more... Barchart · Sep 16
Iranian strikes damaged 3 US bases in Gulf: Report Images show extensive damage to American military assets in the Middle East. Iranian strikes destroyed hundreds of buildings and structures at US bases. Dozens of US aircraft were also destroyed or damaged during the conflict. The war's cost is estimated at over thirty-three billion dollars. This figure does not include… The Economic Times · Sep 16
Rapid Houthi advances in Yemen pose massive strategic risks for Saudi Arabia in the Gulf An advance by Yemen’s Houthi rebels, which has included the targeting of Saudi cities and infrastructure, has quickly complicated a widening Middle East war. The Conversation · Sep 16
Middle East conflict leaves Matt Fiztpatrick ‘not comfortable’ over playing in DP World Tour events IN FULL The Independent UK · Sep 16
Matt Fitzpatrick ‘not comfortable’ playing golf events in the Middle East The finale of the DP World Tour season is currently set for Abu Dhabi and Dubai later this autumn but Fitzpatrick has suggested he wouldn’t play in the tournaments The Independent UK · Sep 16
Matt Fitzpatrick casts doubt on Dubai title defence over fears about conflict The world No 4 said he was ‘not comfortable’ appearing at the DP World Tour’s season-closing events in Abu Dhabi and Dubai amid the Middle East conflict The Guardian - UK · Sep 16
The Economic Times · Sep 16 US stocks today: US stocks edge higher as oil eases ahead of Fed rate decision US stocks traded mixed as investors awaited the Federal Reserve's interest rate decision. Easing oil prices offered some relief after a two-day decline in energy markets. The S&P 500 and Nasdaq moved higher, while the Dow slipped slightly. Traders see a nearly 93% chance of a rate increase from the…
International Business Times · Sep 16 The Pentagon Detailed Damages To Several U.S. Bases In The Middle East. New Photos Show The Extent. CBS News published images sent by active service members, with one describing damage sustained as "major."
The Independent UK · Sep 16 Burnham says he is prepared to make ‘difficult decisions’ ahead of Budget Prime minister Andy Burnham has pledged that the Government will not take risks with living standards in the upcoming autumn Budget, following news that CPI inflation increased to a five-month high of 3.1% in August. Official figures from the Office for National Statistics show the rise from 2.9% in July…
Evening Standard · Sep 16 Why has inflation increased and will it keep rising? Inflation rose to 3.1% in August amid pressure from the continued conflict in the Middle East.
The Independent UK · Sep 16 Inflation has jumped to 3.1%. Here’s why and what will happen next The Office for National Statistics said Consumer Prices Index (CPI) inflation increased to 3.1 per cent in August
Evening Standard · Sep 16 What factors helped lift inflation in August – and where did prices fall? Renewed hostilities in the Middle East in recent weeks have contributed to a sharp rise in the cost of fuel.
Evening Standard · Sep 16 Inflation jumps to five-month high as cost-of-living pressures mount Chancellor John Healey stressed that the UK economy is nonetheless ‘proving resilient’ as he blamed the war in Middle East for the inflation increase.
The Times of India · Sep 16 ‘Getting punched in the face’: Photos reveal aftermath of Iran strikes on US bases New photos exclusively obtained by CBS News are helping ascertain the devastating level of damage caused to multiple US bases across the Middle East following Iranian missile and drone attacks.
The Economic Times · Sep 16 US touts its power, avoids Iran war at G20 Energy meeting United States energy ministers met in Houston, promoting domestic production and energy independence. Washington's policies aim to reverse previous approaches to renewable energy sources. The ongoing conflict in the Middle East has significantly impacted global oil prices and supply chains. The US plans to leverage Venezuela's vast oil reserves to…
The Economic Times · Sep 16 US crude shipping costs to China hit record as Middle East war disrupts oil flows Shipping costs for US crude oil to Asia have reached record highs. This surge is driven by Middle East energy flow disruptions and increased demand. Asian buyers find US crude still cheaper than competing Middle Eastern grades. The conflict has reshaped global shipping routes and tightened tanker availability. More US…
The Economic Times · Sep 16 Gold prices under pressure ahead of Fed rate decision On Wednesday, gold prices were uninspired as traders held their breath for the Federal Reserve's anticipated policy announcement. A widely expected interest rate hike is on the horizon, which typically diminishes the allure of non-yielding gold. Additionally, ongoing geopolitical issues in the Middle East and fluctuations in oil prices add…