Iran has called for a diplomatic solution after U.S. President Donald Trump rejected its Hormuz proposal, while Foreign Minister Abbas Araghchi said Tehran was awaiting a definitive U.S. response through mediators.
Pakistan has described the situation around the Bab el-Mandeb Strait as “exceptionally serious”, calling for dialogue and diplomacy as Houthi attacks on Saudi Arabia intensify.
Saudi Arabia’s 1,200‑kilometre East‑West pipeline Petroline has been forced to suspend service after militant attacks damaged three pumping stations in the Riyadh and Madinah regions. The line can move about seven million barrels a day, but the damage could take five to six weeks to repair.
The next oil shock may not begin at an oilfield. It may begin when a tanker captain refuses to sail, an insurer withdraws cover, a bank declines to finance a cargo, or a refinery discovers that crude oil is available but diesel is not.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of August, covering the latest developments.
Iran has condemned new U.S. sanctions as “economic terrorism” and “crimes against humanity”, accusing Washington of pursuing a decades-long policy of hostility. Tehran said the measures would not weaken its resolve to defend its sovereignty and national interests.
Djibouti is a tiny country on the Horn of Africa with no significant natural resources, but it hosts multiple major foreign military bases located in close proximity. Why is that?
U.S. President Donald Trump said on Monday that there is a good chance” of reaching a deal with Iran, but warned that Washington would resume military operation if negotiations fail.
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