BP reported a profit jump to $3.91 billion in the April-June period as fossil fuel prices soared amid the US-Iran conflict. CEO Meg O'Neill announced plans to sell several assets, including the North Sea business, as part of a strategic pivot back to oil and gas.
Military strikes between Yemen's Houthi militia and Saudi Arabia have escalated, threatening a 2022 truce, with both sides exchanging attacks and blockades, raising concerns over regional stability and Yemen's humanitarian crisis.
US President Donald Trump threatened "major military punishment" for Iran and its Houthi allies after Houthi fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East conflict. The attacks, coupled with US airstrikes on Iran, sent global oil prices surging and raised fears of a wider economic downturn.
Ryanair's pre-tax profits fell 34% to €593m between April and June, attributed to soaring jet fuel prices due to the Middle East war and consumer hesitancy leading to lower fares. The airline expects summer fares to be modestly lower than last year.
US military might in Afghanistan, Iraq, and Iran has not translated into political success, analysts say. The US prioritizes military power over diplomacy, failing to plan for post-war peace and underestimating asymmetric warfare, leading to prolonged conflicts.
The US launched over 80 strikes on Iran in retaliation for attacks on commercial ships in the Strait of Hormuz. President Trump declared a memorandum of understanding with Iran "over," sparking fears of renewed war. Markets reacted with oil price surges and stock market falls.
Indonesian President Prabowo Subianto met with Singaporean PM Lawrence Wong to discuss the security of the Strait of Malacca, a critical oil chokepoint, amidst rising oil prices due to the Middle East conflict. The discussion follows a previous proposal to charge vessels transiting the strait.
India is accelerating domestic oil and gas exploration following disruptions in the Strait of Hormuz. The country plans to bid out 250,000 sq km of unexplored areas to bolster its modest global production.
Indirect talks between US and Iran officials have commenced in Doha, Qatar, mediated by Qatari and Pakistani diplomats. The negotiations focus on a ceasefire, reopening the Strait of Hormuz, and Iran's nuclear program, building on progress from the Lake Lucerne Summit.
Iran is preparing for the grand funeral of Ayatollah Ali Khamenei, who was killed in US-Israeli air strikes. The funeral, expected to draw 15-20 million mourners, will take place as Iran and the US observe a fragile ceasefire after signing a preliminary deal to halt the conflict.
US Vice President J.D. Vance announced that Iran has agreed to allow IAEA inspectors back into the country, a development following initial talks aimed at ending the Middle East war. This move is seen as a significant step towards denuclearization.
US-Iran nuclear talks are expected to continue overnight in Switzerland, despite a rocky start. The Iranian delegation briefly walked out following threats from US President Donald Trump. Discussions cover the nuclear deal, regional security, and keeping the Strait open.
US-Iran nuclear talks are expected to continue overnight in Switzerland. The negotiations, aimed at ending regional conflict and addressing decades-old issues, faced a rocky start due to US President Trump's threats and Iran's delegation temporarily walking out.
US expects talks with Iran to continue overnight in Switzerland to end the Middle East war. Negotiations began rocky after Trump's threats, with Iran's delegation walking out, but discussions on the nuclear deal and deconfliction mechanisms are ongoing.
US and Iran delegations are continuing talks in Switzerland aimed at ending a Middle East war, with US officials expecting discussions to last through the night. The negotiations focus on deconfliction mechanisms and clarifying messaging regarding the Strait, following a protest walkout by Iran on Sunday after US President Trump's threats.
Iran's delegation left talks with the US in Switzerland aimed at ending a regional war, citing Donald Trump's threats against the Islamic republic over its support for Hezbollah. Disagreements over key issues and the threat of renewed fighting in Lebanon also impacted the negotiations.
Iran's delegation left talks with the US in Switzerland aimed at ending a regional war, citing Donald Trump's threats against the Islamic republic over its support for Hezbollah. Disagreements over key issues and the threat of renewed fighting in Lebanon overshadowed the negotiations.
Iran cautioned the US to "be careful" following President Trump's threats over Hezbollah support, even as both nations held crucial talks in Switzerland to end the Middle East war. Disagreements persist, with Iran vowing retaliation and Israel reinforcing its presence in southern Lebanon.
توصل مسؤولون أمريكيون وإيرانيون وباكستانيون إلى اتفاق لإنهاء الحرب في الشرق الأوسط، يشمل هدنة لمدة 60 يومًا لبحث الملف النووي الإيراني، مع انتهاء الحصار البحري ووقف العمليات العسكرية.
US Vice-President J.D. Vance and Iranian negotiators arrived in Switzerland for new Middle East war talks. Iran threatened to close the Strait of Hormuz, citing Israeli attacks in Lebanon and a US "breach of contract."
US Vice President JD Vance is traveling to Switzerland for critical negotiations with Iran. The talks will focus on a potential deal to end the Middle East war, Iran's nuclear program, and the ceasefire in Lebanon.
Lebanon reported 18 killed and 33 wounded in Israeli air strikes in the south. Israel's military announced the deaths of four soldiers, including a Lieutenant Colonel, marking the first fatalities since a US-Iran deal to halt regional conflict.
Israeli PM Netanyahu stated Israel's military will remain in a security zone in southern Lebanon, occupying up to 10km from the border. This comes after a US-Iran deal to end the Middle East war, though Israel and Hezbollah are not parties to it. Hezbollah remains committed to resisting Israel.
Israeli PM Netanyahu stated Israel's military will remain in a security zone in southern Lebanon, occupying up to 10km from the border. This comes after a US-Iran deal to end Middle East wars, though Israel and Hezbollah are not parties to it. Hezbollah remains committed to resisting Israel.
