Qatar Reports Progress in US-Iran Peace Efforts Amid Conflicting Claims
Qatar reported that mediators are advancing efforts to end the U.S.-Iran war, prompting a drop in oil prices on Tuesday. However, Tehran denied U.S. President Donald … Read more
Middle East conflict
Airfares Remain High Despite Falling Jet Fuel Costs, Experts Say
Jet fuel prices are finally easing after soaring during the Iran war, but airline passengers should not expect cheaper tickets anytime soon. According to air travel … Read more
Strait of Hormuz Oil Shuttling Resumes as Tankers Bypass Middle East Conflict
Crude oil and gas shipments through the Strait of Hormuz have picked up following a recent lull as operators use transponder-dark vessels to bypass ongoing Middle … Read more
Shell Reports $9.84 Billion Q2 Profit, Highest Since 2022 on Energy Surge
British energy major Shell reported Thursday an adjusted second-quarter profit of $9.84 billion, more than doubling its earnings from a year earlier. The surge was driven … Read more
Global Markets Slump as Oil Prices Surge and AI Chip Stocks Sell Off
Global markets slumped on Wednesday, as a 7.3% surge in Brent crude collided with aggressive sell-offs across major artificial intelligence chip stocks. Financial markets absorbed a … Read more
US and Saudi Arabia Launch Joint Strikes on Iranian Proxies in Iraq
As the conflict with Iran hits its five-month mark, U.S. and Saudi forces launched joint strikes in Iraq following drone attacks on energy infrastructure. The military … Read more
Bank of England Expected to Hold Interest Rates at 3.75% Amid Oil Volatility
The Bank of England is widely expected to hold interest rates steady at 3.75 percent on Thursday, balancing easing domestic inflation against fresh economic uncertainties driven … Read more
Oil Prices Surge After US and Saudi Strikes in Iraq and Iranian Missile Attacks
Global oil prices surged more than $3 a barrel on Wednesday, July 29, 2026, erasing recent market selloffs after joint U.S. and Saudi strikes in Iraq … Read more
Trump Declares Iran Cease-Fire Over Following New Maritime Clashes
President Donald Trump declared the interim cease-fire with Iran over on July 28, 2026, following fresh maritime clashes and U.S. strikes on Iranian targets. While negotiations … Read more
US Consumer Confidence Drops in July as Iran Conflict Hikes Gas Prices
American consumer confidence fell in July as renewed fighting between the United States and Iran pushed gasoline prices higher, reversing modest gains from earlier in the … Read more
SINGAPORE AIRLINES Posts First Quarterly Loss Since 2022
Singapore Airlines reported its first quarterly net loss since 2022, posting a S$76 million (US$58.9 million) loss for the three months ended June 30, 2026, despite … Read more
Netanyahu Visits Trump at White House Amid Fears of Escalating US-Iran Tensions
Israeli Prime Minister Benjamin Netanyahu met U.S. President Donald Trump at the White House on July 28, 2026, amid growing fears among Trump allies that the … Read more