13+ hour, 50+ min ago   (795+ words) The escalation between Saudi Arabia and Yemen’s Houthi militia threatens global supplies of crude oil, analysts say, after the Houthis captured territory along the Red Sea coast and intensified their attacks on Saudi oil facilities. The group engaged in fierce…...

4+ day, 2+ hour ago   (432+ words) John Crowley and Edmund Bower Iran-backed Houthis have captured Yemen’s port of Mokha, officials and residents said, strengthening the rebel group’s grip near the Bab al-Mandab strait. The advance could increase the threat to Saudi oil exports through the Red…...

4+ day, 18+ hour ago   (622+ words) Middle Eastern banks face fresh hurdles in establishing and maintaining US correspondent relationships as the Trump administration intensifies efforts to choke off Iran’s global financial dealings. US officials have targeted one institution in the UAE and Turkey each in the…...

4+ day, 18+ hour ago   (539+ words) Earlier this week, Turkey released its medium-term economic programme covering the period to 2029. The government cut its growth forecast for this year to 3.3 percent from 3.8 percent – still positive – but said it expects inflation of more than 28 percent by the end…...

5+ day, 9+ hour ago   (491+ words) Valentina Pasquali and Pramod Kumar Oil prices rose above the crucial $100 level for the first time since July on Wednesday, up for a fourth straight session as the US-Iran conflict flared over control of the Strait of Hormuz. International benchmark…...

5+ day, 10+ hour ago   (682+ words) The escalation in fighting between Saudi Arabia and Yemeni Houthi militia could become a “full-scale war”, with steep economic costs for the kingdom at an already difficult time, analysts say. At least 73 people were wounded in Saudi Arabia during Houthi…...

5+ day, 13+ hour ago   (477+ words) Valentina Pasquali and Pramod Kumar Oil prices rose for a fourth straight session in early trading on Wednesday, with Brent nearing $100 as the US-Iran conflict flared over control of the Strait of Hormuz. Brent crude futures rose 1.4 percent to $99.31 a…...

5+ day, 18+ hour ago   (929+ words) Yemen’s Houthi militia has attacked energy and military infrastructure across four cities in southern Saudi Arabia, raising the prospect that the conflict could have a bigger impact on the kingdom’s economy and global energy markets. Saudi Arabia’s main crude-producing fields,…...

6+ day, 13+ hour ago   (388+ words) Oil prices extended their rally in early trading on Tuesday after Iran threatened to strike back at US energy facilities in the Middle East, stoking fears of supply disruption. Brent crude futures rose 0.35 percent to $97.34 a barrel by 00:00 GMT. US…...

1+ week, 18+ hour ago   (582+ words) Saudi Arabia and Turkey are in discussions to develop a regional electricity corridor through Jordan and Syria that could eventually connect Gulf power supplies with European markets. The proposed network would strengthen Turkey’s ambitions to become a regional centre for…...