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Saudi Arabia is exploring an offensive against Iran-backed Houthi militants in Yemen to secure the key Red Sea shipping route around Bab el-Mandeb, as the ongoing U.S.-Iran conflict disrupts regional oil and shipping routes. Saudi Arabia is considering a coastal push around Bab el-Mandeb or a broader assault on multipl
Yemen's Houthis: Attack on Aramco facility in Saudi Arabia's Riyadh with ballistic missiles and drones
The UAE Vice President’s meeting with Saudi’s Crown Prince is the most prominent effort to repair ties. The biggest breakthrough yet in the Saudi-UAE rift came in a bland statement about “brotherly bilateral relations and regional developments.” UAE Vice President Sheikh Mansour bin Zayed’s meeting with Saudi Crown Pri
Iran's Revolutionary Guard urged Americans to reject war and vote out Donald Trump's allies in Congress as US forces withdrew from their remaining bases in Iraq. Qatar said it was working to mediate between the United States and Iran as the war continued and talks over the Strait of Hormuz remained unresolved.
Iran says its proposal could reopen the strait and pause regional fighting within seven days if the US agrees. Reuters could not immediately confirm a Wall Street Journal report that Trump rejected the offer.
They discussed intelligence sharing, military coordination and capability integration at a Riyadh meeting.
Brent crude settled at $104.32 a barrel and WTI at $92.41. Traders also weighed talk of a possible US diesel export ban and disruptions to Saudi oil flows from Houthi attacks.
Oil prices climb more than 4% in afternoon U.S. trade after a Saudi-led coalition in Yemen said Saudi Arabia intercepted six ballistic missiles fired by Iran-backed Houthis on Thursday. A Houthi military spokesman said in a statement that the group had launched dozens of ballistic missiles and dro…
YEMEN'S HOUTHIS CLAIM ATTACKS ON SAUDI ARABIA'S JAZAN
Yemen's Houthis claim responsibility for the attacks on Saudi Arabia's Jazan.
Houthis have hemmed in Yemeni government in south Government says its forces repel new Houthi push Fighting threatens key supply route to government base in Aden By Mohammed Ghobari and Timour Azhari Sept 24 (Reuters) — Yemen's Saudi-backed government forces repelled overnight attacks by the Iran-backed Houthis on a ke
Saudi Arabia warned residents in a province bordering Yemen of potential danger from Iran-backed Houthi fighters. Saudi authorities issued a new alert over attacks from Yemen, where fighting intensified, as fears grew of the Middle East conflict expanding. Saudi Arabia warned residents in a province bordering Yemen of
Major Gulf stock indices traded subdued on Tuesday as cautious investors awaited potential US-Iran developments at the United Nations General Assembly. Market sentiment remained fragile following renewed threats exchanged between Washington and Tehran. Yemen's Iran-backed Houthis advanced near the strategic Red Sea coa
Condemns Continued Houthi Strikes In Yemen And Against Saudi Arabia In Strongest Terms - Calls On Houthis To Immediately Cease Military Actions, Threats And Attacks Against Civilian Shipping - Calls On Iran To End Arming And Support For Houthis In Violation Of UN Security Council Resolutions - Iran's Actions Represent
Brent crude futures for November gained 22 cents to $100.57 a barrel, while WTI October futures rose 2 cents to $95.80. Investors are awaiting potential US-Iran talks at the UN General Assembly.
British Prime Minister Andy Burnham said on Monday he had agreed to a request from Saudi Arabia to provide defensive air-to-air refuelling for a limited time period, a move he described as helping to stabilise the wider region. Riyadh requested support after the Houthis, who control the most populous parts of Yemen, in
Brent crude fell below $100 a barrel on Monday, extending losses for a fourth session after US President Trump reportedly decided against bombing Yemen for now and indicated he was open to diplomacy with Iran. Trump reportedly rejected calls from Saudi Arabia to strike the Houthis and said he would probably be open to
Euro area benchmark Bund yields dropped on Monday, driven by a steep drop in the oil price, while investors broadly shrugged off gains by the far-right Alternative for Germany (AfD) and a far-left party in regional elections. French and Italian government bond prices rebounded after Friday's sell-off.
(Updates to closing prices) By Ateeq Shariff Sept 21 (Reuters) — Most Gulf stock markets closed lower on Monday as the escalating regional conflict outpaced cautious optimism over diplomatic progress at UN meetings this week. Energy markets remained on edge after fresh rhetorical threats exchanged between Washington an
Houthi fighters advanced in Yemen on Monday, aiming to cut off the Red Sea coast, amid a report that U.S. President Donald Trump had called off airstrikes against the group at the last minute. The Iran-backed group's advance threatens global energy supplies.
German 10-year Bund yields fell 6 basis points to 3.46%, tracking lower oil prices. French and Italian bonds rebounded after Friday's sell-off.
Emerging market stocks rose on Monday, hitting a more than one-week high, as lower oil prices and gains in AI-related stocks boosted sentiment. MSCI's index tracking EM stocks rose 1.45%, lifted by Asian tech-heavy bourses in South Korea and Taiwan.
Spot fuel oil premiums in Asia were largely unchanged on Monday, with some trades for 380-cst high sulphur fuel oil (HSFO) emerging at rangebound premiums. More sale tenders from Southeast Asian exporters, including Thailand's PTT and Indonesia's Pertamina, were underway.
Most Gulf stock markets retreated in early trade on Monday as escalating regional conflict outpaced cautious optimism over diplomatic progress at UN meetings this week. Energy markets remained on edge after fresh rhetorical threats exchanged between Washington and Tehran were compounded by weekend drone and missile att
Euro area benchmark Bund yields dropped on Monday, tracking moves in oil prices and showing a muted reaction to gains by the far-right Alternative for Germany (AfD) and a far-left party in regional elections. German Chancellor Friedrich Merz vowed to accelerate reforms to move Germany forward.
Euro STOXX 50 futures were last up 0.8%, CAC futures up 0.5% and FTSE futures up 0.4%. DAX futures rose 0.6% after German state elections delivered severe losses for the Christian Democrats.
Futures point to a positive start in Europe. Tech momentum picked up overnight, while oil slipped after a partial recovery in shipments from Saudi Arabia despite ongoing Houthi attacks. The market narrative also cites hopes for diplomatic progress.
German 10-year Bund yields dropped 4.5 basis points to 3.48%, virtually wiping out Friday's rise. The decline tracked a fall in oil prices and showed a muted reaction to election results.
Malaysian palm oil futures were muted, with the benchmark December contract falling 0.04% to 4,896 ringgit ($1,201.47) a metric ton by midday. Weaker crude oil prices and a stronger ringgit pressured buying interest, while thin market participation was noted. Cargo surveyor Intertek Testing Services estimated Malaysian
Turkey central bank to release September manufacturing capacity utilisation and real sector confidence data, and the Treasury will announce central government debt stock for August. Tera Portfoy, a portfolio management firm under investigation after fund defaults, said it had repaid some investors and was working to re