Oil prices fell on Tuesday as markets balanced reports of renewed diplomatic efforts between the United States and Iran with continued military escalation and fresh threats to global energy supplies.
Yemen's Iran-aligned Houthi movement has announced a naval blockade on Saudi Arabia, raising fears of further regional escalation and possible disruption to global energy supplies and key shipping routes.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
Fourteen people were killed on Sunday after a helicopter belonging to Saudi oil giant Aramco crashed in Ras Tanura, according to Saudi state media.
A weekend of FIFA World Cup matches was headlined by Spain as they produced a clinical display against Saudi Arabia. Meanwhile, Belgium were held to a tense draw by Iran in a day of contrasting Group-stage results.
The FIFA World Cup 2026 produced drama and surprises on 14-15 June, with Iran fighting back to draw 2-2 with New Zealand, Ivory Coast scoring a stoppage-time winner over Ecuador, Sweden thrashing Tunisia 5-1, and debutants Cape Verde holding Spain to a goalless draw.
Türkiye and Saudi Arabia are aiming to establish a railway connection linking the two countries through Syria and Jordan within the next three to four years, according to Turkish Transport Minister Abdulkadir Uraloğlu.
Muslim pilgrims are gathering gathering at Mount Mercy on the Plain of Arafat in Saudi Arabia to mark the Hajj pilgrimage’s most important day.
As dawn broke on Monday, pilgrims began arriving at the sacred site of Mina west of Mecca, marking the start of Hajj - one of the most significant spiritual journeys in Islam.
A proposed nuclear cooperation agreement between the United States and Saudi Arabia is facing criticism from Democratic lawmakers and non-proliferation experts, who say the deal lacks the strongest safeguards designed to prevent the spread of nuclear weapons.
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to security officials and government sources familiar with the arrangement.
The Organization of the Petroleum Exporting Countries (OPEC) exit by the United Arab Emirates has largely been viewed through a narrow economic lens: higher Emirati output, potential increases by Saudi Arabia and others to protect market share, and downward pressure on global prices.
Kazakhstan, Russia, Saudi Arabia and other key OPEC+ countries have agreed a paper-based modest oil output hike for next month, raising the output targets to 188,000 barrels a day in June.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
Iran’s mission at the United Nations headquarters in New York has, in a letter to the Secretary-General and the Security Council President, demanded war compensation from five regional states over damages caused during Israeli-U.S. aggression against Iran.
At a time of deepening global polarisation, rising conflict and shrinking space for dialogue, Pakistan is stepping into a historic role. Diplomatic engagements in Islamabad, bringing together regional powers amid the Iran crisis, signal both urgency and opportunity.
Gulf states including Saudi Arabia and the UAE are exploring a $2,500 Ukrainian-designed interceptor drone as a cheaper way to counter Iranian attacks that are depleting stockpiles of U.S.-made missiles, a Japanese firm marketing the technology overseas told Reuters.
The third Turkish-owned vessel has departed the Persian Gulf via the Strait of Hormuz, Transport Minister Abdulkadir Uraloğlu said on Monday.
In an urgent response to escalating global energy instability, South Korean Presidential Chief of Staff Kang Hoon-sik announced on Tuesday that he will embark on a high-stakes diplomatic tour to Kazakhstan, Oman, and Saudi Arabia.
A war in the Middle East might seem far removed from a cup of tea in Nairobi or a farmer’s field in Kericho. Yet the connection is real, and it is already disrupting Kenya’s tea industry in ways that are becoming impossible to ignore.
President Donald Trump said the U.S. was considering "winding down" its military operation against Iran, as Iran and Israel traded attacks on Saturday (21 March) and Iranian media said the nuclear enrichment facility in Natanz had been attacked.
U.S. President Donald Trump said Israel struck Iran’s South Pars gas field without U.S. or Qatari involvement, and warned that any Iranian attack on Qatar would prompt massive retaliation. The comments come as regional tensions soar after Tehran fired missiles at Gulf energy sites.
As Afghans celebrate Eid, there is at least some relief, with Afghanistan and Pakistan pausing military operations following mediation by Saudi Arabia, Qatar and Türkiye after weeks of tension.
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