World
Saudi Arabia cancels Neom Stadium project amid financial and engineering pressures
Official reports from Saudi Arabia recently indicated a major policy shift: the decision to cancel the construction of the NEOM Stadium, originally planned
Oil & Energy 181 stories
World
Iraq Uses Supertanker to Transport Two Million Barrels Through Strait of Hormuz
Iraq’s state-run oil shipping enterprise announced that it has successfully transported two million barrels of crude oil utilizing a very large crude carri
World
Saudi airstrike hits Taiz market, kills at least seven civilians
Saudi Arabia’s air force struck a crowded market in Taiz on Saturday, killing at least seven civilians and wounding dozens more, according to local health
World
Saudi airstrike hits Taiz market, kills seven civilians, injures dozens
Saudi Arabia’s air force struck a crowded market in the southern Yemeni city of Taiz on Thursday, killing at least seven civilians and injuring around 40 o
World
Trump Rejects Iran's Offer to Reopen Hormuz Strait, Calls It Unacceptable
The Wall Street Journal reported on Monday that U.S. President Donald Trump has formally rejected a proposal from Iranian Foreign Minister Abbas Araghchi t
World
France Deploys Troops and Air Defense Systems to Saudi Arabia to Counter Houthi Threats
France has announced a strategic military deployment to Saudi Arabia, confirming plans to station troops and advanced air defense systems in the Red Sea po
World
Moldovan Parliament Declares 60‑Day State of Emergency Over Water and Energy Shortages
The Moldovan Parliament approved a 60‑day state of emergency covering the energy and water sectors on Tuesday, citing dangerously low water levels in the D
World
Iran's economy contracts by 10.1% amid sanctions and conflict pressures
Iran’s economy contracted sharply by 10.1% year-on-year during the spring quarter, spanning from late March to late June, according to data released by the
World
Iran Sets Seven Conditions for US Ceasefire Talks, Rezaee Announces
Mohsen Rezaee, the newly appointed secretary of Iran’s Supreme National Security Council (SNSC), announced on 28 August 2026 that Tehran has laid out seven
World
Strait of Hormuz commercial traffic reaches six-month high, CENTCOM reports
Commercial maritime traffic traversing the Strait of Hormuz, encompassing vital shipments of crude oil, bulk cargo, and liquefied natural gas, has reached
World
Russia Holds Parliamentary Election Amid Strict Control to Legitimize Current Regime
Russia began voting this week in a three-day election for all 450 seats in the State Duma. The election is taking place against the backdrop of ongoing war
World
Iran's IRGC says missile hit Togo‑flagged tanker in Strait of Hormuz
Iran’s Islamic Revolutionary Guard Corps (IRGC) announced on Monday that it had struck the Togo‑flagged oil tanker Trend as the vessel attempted to transit
World
US House Passes Bipartisan Sanctions Bill Targeting Russian Energy and Shadow Fleet
The United States House of Representatives has passed a sweeping, bipartisan sanctions bill aimed at further restricting Russia’s economic lifelines. The l
World
South Korea Launches K-Silk Road Initiative at First Central Asia Summit
South Korea hosted its inaugural summit with the five nations of Central Asia in Seoul, marking a significant milestone in Seoul’s diplomatic outreach. The
World
Nigeria’s Dangote Group launches largest IPO to fund refinery expansion.
Nigeria’s Dangote Group has announced the launch of what is poised to become the continent’s largest initial public offering. The conglomerate will sell 4
World
Lebanese Army detains Assad relative over drug trafficking.
The Lebanese Army detained Suleiman Hilal al‑Assad, a cousin of former Syrian president Bashar al‑Assad, on Tuesday morning in Beirut, along with two other
World
Baghdad Closes Three Iran Border Crossings Over Saudi Pipeline Drone Attack
Baghdad announced on Thursday that it will shut three official crossing points along its 1,500‑kilometre frontier with Iran, a move taken after Iraqi and S
World
Houthi Forces Capture Perim Island, Gaining Strategic Control Over Bab al‑Mandab Strait
In the early hours of this week, Yemeni Houthi forces seized Perim Island in the Bab al‑Mandab Strait after government troops withdrew, completing a takeov
World
Saudi Arabia Temporarily Halts East‑West Crude Pipeline After Drone Strikes
Saudi Arabia’s Ministry of Energy announced on Thursday that the nation’s East‑West Crude Oil Pipeline has been shut down temporarily as a precaution after
World
Iraq‑Linked Explosions Temporarily Shut Saudi East‑West Crude Pipeline.
In the early hours of Monday, a series of projectile explosives—believed to have originated from Iraq—struck several pumping stations along Saudi Arabia’s
World
Crude Prices Surge Above $100 a Barrel Amid US‑Iran Tensions
Crude oil prices on the New York and London exchanges climbed to $100 a barrel on Thursday, marking the highest level since May. The spike was driven by th
World
ECB hikes rates to 2.50% amid Iran conflict‑driven inflation surge
On Thursday, the European Central Bank (ECB) raised its three primary policy rates by a quarter‑point, lifting the deposit facility rate to 2.50 %. The mov
World
IMF Forecasts 3% Global Growth in 2026 Amid Gulf Conflict Risks
The International Monetary Fund (IMF) released its latest World Economic Outlook on Tuesday, projecting that the global economy will grow at an average ann
World
Algeria Severes Ties With UAE, No Explanation Given
Algeria’s foreign ministry announced on Tuesday that it has severed diplomatic ties with the United Arab Emirates, a move that was made without any explana