BIZARRE: 4 | Mind Blowing Facts

Europe Gas Crisis Deepens: Middle East Oil Shock Threatens Up to 4% of Global Supply

Saudi Arabia's East-West oil pipeline was shut after drone attacks, threatening up to 4% of global oil supply as Europe enters winter with below-average gas storage.

International Business Times UK · Sep 18

Houthi rebel offensive fuels fears of escalation in the Middle East and Europe

In this extraordinary and deeply worrying year for international security, some weeks nevertheless stand out as particularly momentous.

The Conversation · Sep 18

Mothercare warns future ‘highly uncertain’ after Middle East franchise blow

The group’s main Middle Eastern franchise partner expects to shut most of its stores next year as part of a review launched amid the ongoing Iran war.

Evening Standard · Sep 18

Houthi drone debris kills one, injures two in Saudi Arabia

Saudi Arabia said on Thursday that debris from an intercepted Houthi drone killed one person and injured two others in Taif, as fighting between the Iran-aligned group, Saudi-backed Yemeni forces and their allies intensified amid the wider Middle East conflict.

The Times of India · 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

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

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