12 days ago
In the absence of superstar Tadej Pogacar another Slovenian announced himself to the cycling world with a stunning win on one of the toughest stages of this Vuelta a Espana: 20-year-old Jakob Omrzel.
The Bahrain-Victorious prodigy was part of a 30-strong breakaway on the 166.6km stage 12, a dramatic up-and-down day after two flatter stages for the sprinters.
Fireworks were always expected on the back-to-back category-one climbs at the end of the day and Omrzel duly provided them, taking his first WorldTour victory on the biggest stage - and on his debut grand tour.
The youngster - a former winner of the Giro d'Italia Next Gen, a prestigious stage race for under-23 riders - went solo with 12km to go on the final climb, the Calar Alto, a 17km behemoth averaging 5.6%.
The breakaway splintered apart in his wake and he held on to win by 1 minute 56 seconds from Urko Berrade, covering his face in delight and punching the air as he crossed the line.
#stage #breakaway #back #tadej
The Bahrain-Victorious prodigy was part of a 30-strong breakaway on the 166.6km stage 12, a dramatic up-and-down day after two flatter stages for the sprinters.
Fireworks were always expected on the back-to-back category-one climbs at the end of the day and Omrzel duly provided them, taking his first WorldTour victory on the biggest stage - and on his debut grand tour.
The youngster - a former winner of the Giro d'Italia Next Gen, a prestigious stage race for under-23 riders - went solo with 12km to go on the final climb, the Calar Alto, a 17km behemoth averaging 5.6%.
The breakaway splintered apart in his wake and he held on to win by 1 minute 56 seconds from Urko Berrade, covering his face in delight and punching the air as he crossed the line.
#stage #breakaway #back #tadej
13 days ago
LONDON, Sep 2 (Reuters) - The United States launched a new wave of attacks on Iran late on Tuesday six months into a deadlocked conflict, prompting Iranian missile fire at what it called U.S. ****** ets in Jordan, Bahrain, Kuwait and Iraq.
Here are other ways Iran might retaliate if the conflict continues to escalate or a U.S. campaign to choke off Iran's economy intensifies.
IRAN COULD EXPAND ATTACKS ON GULF STATES
Iran has repeatedly struck at its neighbours in response to U.S. attacks and threatened to retaliate against any who take part in U.S. efforts to strangle the country's economy with "earthquake" force.
It has targeted Gulf states and Jordan repeatedly since the war began on February 28, mostly focusing on U.S. bases but also hitting energy infrastructure and other targets.
#Iran #conflict #london
Here are other ways Iran might retaliate if the conflict continues to escalate or a U.S. campaign to choke off Iran's economy intensifies.
IRAN COULD EXPAND ATTACKS ON GULF STATES
Iran has repeatedly struck at its neighbours in response to U.S. attacks and threatened to retaliate against any who take part in U.S. efforts to strangle the country's economy with "earthquake" force.
It has targeted Gulf states and Jordan repeatedly since the war began on February 28, mostly focusing on U.S. bases but also hitting energy infrastructure and other targets.
#Iran #conflict #london
23 days ago
The Dutch Grand Prix is bidding goodbye to Formula 1 on Sunday but its organizers say it could potentially "serve as an alternative venue" in the future amid continuing uncertainty over next year's schedule.
Already this year, the security situation in the Middle East following the outbreak of the Iran war has meant Bahrain's race was moved to Malaysia and the Saudi Arabian Grand Prix was canceled.
F1 has indicated at least one extra event in Europe if the season-ending races in Qatar and Abu Dhabi can't take place as planned. One likely candidate could be the Imola circuit in Italy. There are more question marks over how the four contracted Middle East races could be included in the 2027 schedule.
"Circuit Zandvoort could serve as an alternative venue in the future if another Grand Prix were unable to take place due to geopolitical circumstances, for example. The circuit's FIA Grade 1 license will remain valid for another three years," the Dutch Grand Prix organization told The ******* ociated Press in a statement Saturday.
"In practice, however, many factors would need to be considered, including the necessary permits, the availability of equipment and the required preparation time. Moreover, there are other venues on the Formula 1 calendar that would make more sense from a logistical perspective. At this stage, therefore, this is not a concrete scenario."
#formula #alternative #venue
Already this year, the security situation in the Middle East following the outbreak of the Iran war has meant Bahrain's race was moved to Malaysia and the Saudi Arabian Grand Prix was canceled.
F1 has indicated at least one extra event in Europe if the season-ending races in Qatar and Abu Dhabi can't take place as planned. One likely candidate could be the Imola circuit in Italy. There are more question marks over how the four contracted Middle East races could be included in the 2027 schedule.
"Circuit Zandvoort could serve as an alternative venue in the future if another Grand Prix were unable to take place due to geopolitical circumstances, for example. The circuit's FIA Grade 1 license will remain valid for another three years," the Dutch Grand Prix organization told The ******* ociated Press in a statement Saturday.
"In practice, however, many factors would need to be considered, including the necessary permits, the availability of equipment and the required preparation time. Moreover, there are other venues on the Formula 1 calendar that would make more sense from a logistical perspective. At this stage, therefore, this is not a concrete scenario."
#formula #alternative #venue
1 month ago
DHL Express has completed the $204 million expansion of its "super gateway" at Shenzhen Bao'an International Airport in South China's Guangdong province, tripling shipping capacity to 992 tons per day and enabling more direct cargo flights.
The project represents the company's largest investment in mainland China to date, supporting cross-border trade and time-definite international express services in one of China's most important manufacturing and export regions.
A gateway in the DHL network is a regional connection point that links local service centers to the global network. Some shipments from producers in Shenzhen and trucked to DHL's main terminal at Hong Kong International Airport if they need to reach other intercontinental hubs.
Once at full capacity, annual throughput is expected to exceed 286,000 tons, about 10 times the volume handled by the previous Shenzhen gateway, according to the China Daily News. Construction of the facility began in 2022. The heavily automated facility features high-speed sorting systems, automated storage, robotic arms and automated guided vehicles designed to efficiently and safely unload, store, handle, inspect and monitor parcels and larger shipments.
Complementing the expansion of shipment processing capacity, DHL has introduced a new dedicated air route with a widebody Boeing 767 cargo jet linking Shanghai; Bangkok, Thailand; Bahrain and Brussels, Belgium, to meet demand for air cargo transport between China and key markets across Asia, the Middle East and Europe, DHL announced this week.
#shenzhen #international #airport #express
The project represents the company's largest investment in mainland China to date, supporting cross-border trade and time-definite international express services in one of China's most important manufacturing and export regions.
A gateway in the DHL network is a regional connection point that links local service centers to the global network. Some shipments from producers in Shenzhen and trucked to DHL's main terminal at Hong Kong International Airport if they need to reach other intercontinental hubs.
Once at full capacity, annual throughput is expected to exceed 286,000 tons, about 10 times the volume handled by the previous Shenzhen gateway, according to the China Daily News. Construction of the facility began in 2022. The heavily automated facility features high-speed sorting systems, automated storage, robotic arms and automated guided vehicles designed to efficiently and safely unload, store, handle, inspect and monitor parcels and larger shipments.
Complementing the expansion of shipment processing capacity, DHL has introduced a new dedicated air route with a widebody Boeing 767 cargo jet linking Shanghai; Bangkok, Thailand; Bahrain and Brussels, Belgium, to meet demand for air cargo transport between China and key markets across Asia, the Middle East and Europe, DHL announced this week.
#shenzhen #international #airport #express
1 month ago
DHL Express has completed the $204 million expansion of its "super gateway" at Shenzhen Bao'an International Airport in South China's Guangdong province, tripling shipping capacity to 992 tons per day and enabling more direct cargo flights.
The project represents the company's largest investment in mainland China to date, supporting cross-border trade and time-definite international express services in one of China's most important manufacturing and export regions.
A gateway in the DHL network is a regional connection point that links local service centers to the global network. Some shipments from producers in Shenzhen and trucked to DHL's main terminal at Hong Kong International Airport if they need to reach other intercontinental hubs.
Once at full capacity, annual throughput is expected to exceed 286,000 tons, about 10 times the volume handled by the previous Shenzhen gateway, according to the China Daily News. Construction of the facility began in 2022. The heavily automated facility features high-speed sorting systems, automated storage, robotic arms and automated guided vehicles designed to efficiently and safely unload, store, handle, inspect and monitor parcels and larger shipments.
Complementing the expansion of shipment processing capacity, DHL has introduced a new dedicated air route with a widebody Boeing 767 cargo jet linking Shanghai; Bangkok, Thailand; Bahrain and Brussels, Belgium, to meet demand for air cargo transport between China and key markets across Asia, the Middle East and Europe, DHL announced this week.
#China #capacity #cargo #express
The project represents the company's largest investment in mainland China to date, supporting cross-border trade and time-definite international express services in one of China's most important manufacturing and export regions.
A gateway in the DHL network is a regional connection point that links local service centers to the global network. Some shipments from producers in Shenzhen and trucked to DHL's main terminal at Hong Kong International Airport if they need to reach other intercontinental hubs.
Once at full capacity, annual throughput is expected to exceed 286,000 tons, about 10 times the volume handled by the previous Shenzhen gateway, according to the China Daily News. Construction of the facility began in 2022. The heavily automated facility features high-speed sorting systems, automated storage, robotic arms and automated guided vehicles designed to efficiently and safely unload, store, handle, inspect and monitor parcels and larger shipments.
Complementing the expansion of shipment processing capacity, DHL has introduced a new dedicated air route with a widebody Boeing 767 cargo jet linking Shanghai; Bangkok, Thailand; Bahrain and Brussels, Belgium, to meet demand for air cargo transport between China and key markets across Asia, the Middle East and Europe, DHL announced this week.
#China #capacity #cargo #express
1 month ago
Saudi Arabia's data center capacity is forecast to reach 1 gigawatt by 2030, making it the fastest-growing Gulf market in a sector awash in cash and FOMO. The pipeline of announced projects is larger still — PIF's HUMAIN alone is targeting more than 6 GW in the coming decade. Financing even half of that will require up to $32 billion in debt, more than the kingdom's banks are likely to be willing to ****** emble themselves, according to a report from consulting firm Alvarez & Marsal.
"Digital infrastructure is now one of the largest single sources of new project debt in our pipeline," Kurt Davis Jr., the report's author, told Semafor. The pace is being driven by vast government demand, data sovereignty legislation that is keeping caches in-country, and hyperscalers increasingly looking to lease data center ****** e rather than build in new markets. Cheap power and plentiful land further help the pitch.
Institutional money is already circling: KKR earmarked part of its massive new infrastructure fund to back more Gulf tech build-outs last week. Such bullishness comes just five months after Iranian drones struck AWS sites in the UAE and Bahrain, casting doubt at the time on the future of the sector in the region. Unlike data centers, the memories of their investors can be short.
— Kelsey Warner
#sector #pipeline
"Digital infrastructure is now one of the largest single sources of new project debt in our pipeline," Kurt Davis Jr., the report's author, told Semafor. The pace is being driven by vast government demand, data sovereignty legislation that is keeping caches in-country, and hyperscalers increasingly looking to lease data center ****** e rather than build in new markets. Cheap power and plentiful land further help the pitch.
Institutional money is already circling: KKR earmarked part of its massive new infrastructure fund to back more Gulf tech build-outs last week. Such bullishness comes just five months after Iranian drones struck AWS sites in the UAE and Bahrain, casting doubt at the time on the future of the sector in the region. Unlike data centers, the memories of their investors can be short.
— Kelsey Warner
#sector #pipeline
2 months ago
In the aftermath of the World Cup, despite the many issues that had plagued the tournament in the United States, Mexico and Canada, Gianni Infantino spoke in tones that suggested he felt invincible. By delivering record revenues and the "most outstanding" World Cup ever, the Fifa president felt emboldened enough to embark on a victory lap, admonishing his critics from within the stronghold of his Fifa palace, while safe in the knowledge that the structures and mechanisms designed to keep him in power were secure.
Barely a week later, the walls around Infantino are crumbling before our eyes. In over-playing his hand and rushing through proposals to sell stakes in the World Cup and Fifa tournaments to private investors, Infantino has crossed a line from where there may not return. Uefa's extraordinary decision to boycott the World Cup should Infantino get his way has been followed by two more federations, the Asian Football Confederation and Concacaf, rejecting his proposals. Uefa now has enough support to comfortably defeat Infantino if a vote of Fifa's 211 member **** ociations goes ahead next month.
The walls around Gianni Infantino are crumbling (Getty)
Whether Infantino's plans, understood by The Independent to have been in the works for over a year, even survive for that long is another matter. Infantino is also under mounting pressure from within Fifa itself. The president's long-time adviser, Carlos Cordeiro, described as a heavyweight figure within the organisation, resigned in protest on Friday. "Football has been central to my life, and after more than 35 years in banking, I understand both the value of this **** et and the consequences of giving part of it away," he said in a statement. "That is why this proposal should be rejected." If even the Fifa suits have seen enough, it tells you that Infantino has gone too far.
In their own statement in the early hours of Friday morning, Fifa provided some "clarifications" around their private investment proposals, insisting that their "planned consultation process was disrupted by incorrect media reports". But it may not stop some of Infantino's steadfast allies from switching sides. Asia will host the 2034 World Cup in Saudi Arabia and parts of the region have benefitted greatly from Infantino's support since the 2022 World Cup in Qatar, but the AFC's president, Shaikh Salman bin Ebrahim Al Khalifa of Bahrain, has been Infantino's most vocal critic outside of Europe. A withering statement on Friday accused Fifa of "undermining" the World Cup and called for an "urgent review" into its governance.
#infantino #fifa #around #statement
Barely a week later, the walls around Infantino are crumbling before our eyes. In over-playing his hand and rushing through proposals to sell stakes in the World Cup and Fifa tournaments to private investors, Infantino has crossed a line from where there may not return. Uefa's extraordinary decision to boycott the World Cup should Infantino get his way has been followed by two more federations, the Asian Football Confederation and Concacaf, rejecting his proposals. Uefa now has enough support to comfortably defeat Infantino if a vote of Fifa's 211 member **** ociations goes ahead next month.
The walls around Gianni Infantino are crumbling (Getty)
Whether Infantino's plans, understood by The Independent to have been in the works for over a year, even survive for that long is another matter. Infantino is also under mounting pressure from within Fifa itself. The president's long-time adviser, Carlos Cordeiro, described as a heavyweight figure within the organisation, resigned in protest on Friday. "Football has been central to my life, and after more than 35 years in banking, I understand both the value of this **** et and the consequences of giving part of it away," he said in a statement. "That is why this proposal should be rejected." If even the Fifa suits have seen enough, it tells you that Infantino has gone too far.
In their own statement in the early hours of Friday morning, Fifa provided some "clarifications" around their private investment proposals, insisting that their "planned consultation process was disrupted by incorrect media reports". But it may not stop some of Infantino's steadfast allies from switching sides. Asia will host the 2034 World Cup in Saudi Arabia and parts of the region have benefitted greatly from Infantino's support since the 2022 World Cup in Qatar, but the AFC's president, Shaikh Salman bin Ebrahim Al Khalifa of Bahrain, has been Infantino's most vocal critic outside of Europe. A withering statement on Friday accused Fifa of "undermining" the World Cup and called for an "urgent review" into its governance.
#infantino #fifa #around #statement
2 months ago
Formula One is seriously considering shifting its season finale as the U.S.–Iran war continues in the Middle East.
F1 president Stefano Domenicali told reporters on Wednesday that the finale of the 2026 season will be hosted in Europe if the "situation will not be cleared the way that we believe it should be." The last two races on the calendar are in Qatar and Abu Dhabi.
"For us today, the races in Qatar and Abu Dhabi are confirmed," Domenicali said. "By the way, they are already sold out."
He added that the deadline to make a decision is in the "middle of September."
F1 was slated to have a record-tying 24 races to start the season, but that quickly changed after races in Bahrain and Saudi Arabia were canceled in March and April, respectively, due to the war.
#formula #Iran
F1 president Stefano Domenicali told reporters on Wednesday that the finale of the 2026 season will be hosted in Europe if the "situation will not be cleared the way that we believe it should be." The last two races on the calendar are in Qatar and Abu Dhabi.
"For us today, the races in Qatar and Abu Dhabi are confirmed," Domenicali said. "By the way, they are already sold out."
He added that the deadline to make a decision is in the "middle of September."
F1 was slated to have a record-tying 24 races to start the season, but that quickly changed after races in Bahrain and Saudi Arabia were canceled in March and April, respectively, due to the war.
#formula #Iran
2 months ago
The 2026 Formula 1 calendar has been in a state of flux since the Middle East conflict forced the cancellation of the Bahrain and Saudi Arabian Grands Prix earlier this year. Now, the scramble to fill the void is reaching a climax, and a fan-favorite circuit is on the verge of an unexpected return.
According to a recent update from F1 Speed Indonesia, Malaysian Prime Minister Anwar Ibrahim has officially addressed the rumors surrounding the Sepang International Circuit. Responding to press inquiries regarding F1's request to have Malaysia replace the canceled Bahrain GP, Ibrahim confirmed that a definitive answer is imminent.
"Regarding F1, we will make an announcement on Sunday," the Prime Minister stated, setting a July 26 deadline for the decision.
This aligns with recent confirmations from Malaysia's Youth and Sports Ministry, which has been actively ***** sing the feasibility, costs, and logistics of hosting a Grand Prix at short notice.
The aggressive push for Malaysia comes after F1's initial contingency plans fell apart. Organizers had originally hoped to reschedule the Bahrain GP for early October—slotting it right between the Azerbaijan and Singapore races. However, with geopolitical tensions flaring up once again, the FIA and F1 management have been forced to abandon the Middle East makeup dates entirely.
#Bahrain #prix #malaysia #circuit
According to a recent update from F1 Speed Indonesia, Malaysian Prime Minister Anwar Ibrahim has officially addressed the rumors surrounding the Sepang International Circuit. Responding to press inquiries regarding F1's request to have Malaysia replace the canceled Bahrain GP, Ibrahim confirmed that a definitive answer is imminent.
"Regarding F1, we will make an announcement on Sunday," the Prime Minister stated, setting a July 26 deadline for the decision.
This aligns with recent confirmations from Malaysia's Youth and Sports Ministry, which has been actively ***** sing the feasibility, costs, and logistics of hosting a Grand Prix at short notice.
The aggressive push for Malaysia comes after F1's initial contingency plans fell apart. Organizers had originally hoped to reschedule the Bahrain GP for early October—slotting it right between the Azerbaijan and Singapore races. However, with geopolitical tensions flaring up once again, the FIA and F1 management have been forced to abandon the Middle East makeup dates entirely.
#Bahrain #prix #malaysia #circuit
2 months ago
The dollar index (DXY00) is down by -0.10% today. The dollar is under modest pressure today amid a recovery in the yen, which rose from a 39-year low on the prospect of faster interest rate hikes from the BOJ. Losses in the dollar are limited due to today's +3% rally in WTI crude oil to a 6-week high, which raises inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. Also, higher T-note yields today have strengthened the dollar's interest rate differentials and are supportive of the dollar.
The US and Iran played down the prospect of peace talks as disruptions to global oil supplies continue to mount. The US conducted an 11th straight day of attacks on Iran in an effort to degrade the country's ability to threaten commercial shipping in the Strait of Hormuz. Iran retaliated by striking US bases in Bahrain, Kuwait, and Jordan. President Trump said on Tuesday that the US has "no interest" in meeting with Iran until they are ready for serious peace negotiations.
Why Persistent Inflation Isn't Enough to Prevent a Plunge in Gold Prices
Dollar Edges Higher as Crude Oil Prices and Bond Yields Climb
Dollar Supported by Higher Crude Prices
#prices #today #interest
The US and Iran played down the prospect of peace talks as disruptions to global oil supplies continue to mount. The US conducted an 11th straight day of attacks on Iran in an effort to degrade the country's ability to threaten commercial shipping in the Strait of Hormuz. Iran retaliated by striking US bases in Bahrain, Kuwait, and Jordan. President Trump said on Tuesday that the US has "no interest" in meeting with Iran until they are ready for serious peace negotiations.
Why Persistent Inflation Isn't Enough to Prevent a Plunge in Gold Prices
Dollar Edges Higher as Crude Oil Prices and Bond Yields Climb
Dollar Supported by Higher Crude Prices
#prices #today #interest
2 months ago
Malaysia could return to the Formula One calendar at short notice this year if the Iran conflict causes more problems, specialist website the-race.com reported on Thursday.
In mid-March, Formula One postponed April races in Bahrain and Saudi Arabia due to the war, reducing the calendar initially from 24 to 22 grands prix.
If the final two races of the year on November 29 in Qatar and on December 6 in Abu Dhabi cannot take place either due to trouble in the Middle East, Formula One bosses are examining further options, the report said.
Before the recent escalation in the Iran conflict, officials had hoped that a Bahrain Grand Prix could be rescheduled on the first weekend in October between races in Azerbaijan and Singapore.
That now looks unlikely with the US and Iran again trading blows, so candidates for a race on October 4 now include Malaysia, the report said, as well as Turkey.
#october #calendar #conflict
In mid-March, Formula One postponed April races in Bahrain and Saudi Arabia due to the war, reducing the calendar initially from 24 to 22 grands prix.
If the final two races of the year on November 29 in Qatar and on December 6 in Abu Dhabi cannot take place either due to trouble in the Middle East, Formula One bosses are examining further options, the report said.
Before the recent escalation in the Iran conflict, officials had hoped that a Bahrain Grand Prix could be rescheduled on the first weekend in October between races in Azerbaijan and Singapore.
That now looks unlikely with the US and Iran again trading blows, so candidates for a race on October 4 now include Malaysia, the report said, as well as Turkey.
#october #calendar #conflict
2 months ago
Malaysia could return to the Formula 1 calendar for the first time since 2017 as the sport eyes up contingency plans for the second half of the 2026 season.
After races in Bahrain and Saudi Arabia were cancelled in April due to the conflict in the Middle East, F1 is keen to add to its current 22-race calendar and was hopeful of racing in Bahrain in October, in between already scheduled races in Azerbaijan (26 September) and Singapore (11 October).
However, given the recent escalation in the region after the ending of the US-Iran ceasefire, F1 bosses are seeking alternatives and the Sepang International Circuit, just outside Kuala Lumpur, is one option.
Malaysia withdrew from the sport in 2017 when they couldn’t match the host fees required, yet the racetrack is still used regularly for other series such as MotoGP.
In this instance, its proximity to Singapore means a Europe-Asia triple-header, over the last weekend in September and the first two weekends in October, is feasible.
#malaysia #Singapore #calendar #formula
After races in Bahrain and Saudi Arabia were cancelled in April due to the conflict in the Middle East, F1 is keen to add to its current 22-race calendar and was hopeful of racing in Bahrain in October, in between already scheduled races in Azerbaijan (26 September) and Singapore (11 October).
However, given the recent escalation in the region after the ending of the US-Iran ceasefire, F1 bosses are seeking alternatives and the Sepang International Circuit, just outside Kuala Lumpur, is one option.
Malaysia withdrew from the sport in 2017 when they couldn’t match the host fees required, yet the racetrack is still used regularly for other series such as MotoGP.
In this instance, its proximity to Singapore means a Europe-Asia triple-header, over the last weekend in September and the first two weekends in October, is feasible.
#malaysia #Singapore #calendar #formula
2 months ago
The dollar index (DXY00) is up by +0.17% today. The dollar is moving higher today as escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prompt the Fed to tighten monetary policy, a supportive factor for the dollar. The dollar also received some safe-haven support today on signs of widening of the conflict in the Middle East after Houthi rebels said they will impose a maritime blockade on Saudi Arabia in retaliation for what they say is the kingdom's siege on the Yemeni capital. Strength in stocks today has reduced liquidity demand for the dollar, limiting gains in the currency.
Today's US economic news was slightly negative for the dollar after the Jun leading indicators fell -0.2% m/m, weaker than expectations of -0.1% m/m.
Dollar Supported by Higher T-Note Yields and Crude Prices
Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!
The US conducted a ninth straight day of airstrikes on Iran, bombing military targets and communications networks, and Iran retaliated by launching drones and missiles at US bases in Kuwait, Jordan, Bahrain, and Iraq. The New York Times reported that the US is sending more warplanes to the Middle East, including F-35 and F-16 fighter jets. However, crude prices fell from their highs after Iran said it wouldn't abandon diplomacy and that Qatar and Pakistan had reached out to mediate an end to the conflict and proposed a 10-day cessation of strikes between the US and Iran.
#crude
Today's US economic news was slightly negative for the dollar after the Jun leading indicators fell -0.2% m/m, weaker than expectations of -0.1% m/m.
Dollar Supported by Higher T-Note Yields and Crude Prices
Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!
The US conducted a ninth straight day of airstrikes on Iran, bombing military targets and communications networks, and Iran retaliated by launching drones and missiles at US bases in Kuwait, Jordan, Bahrain, and Iraq. The New York Times reported that the US is sending more warplanes to the Middle East, including F-35 and F-16 fighter jets. However, crude prices fell from their highs after Iran said it wouldn't abandon diplomacy and that Qatar and Pakistan had reached out to mediate an end to the conflict and proposed a 10-day cessation of strikes between the US and Iran.
#crude
2 months ago
The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil price rally of the past week amid the renewed hostilities in the Middle East and the fresh de facto closure of the Strait of Hormuz.
As of July 20, the national average price for a gallon of regular gasoline in the United States was $4.0030, according to AAA data.
Prices are now up from $3.8720 per gallon on Monday last week, following a week of re-escalation in the Middle East with Iranian attacks on vessels in the Strait of Hormuz, nine consecutive nights of U.S. strikes against Iran, and Iranian missiles targeting U.S. bases and military ****** ets in America's regional allies, including Kuwait, Jordan, and Bahrain.
At this time last year, the average price of gasoline in the United States was $3.1410.
But the war in Iran has hiked fuel prices globally, including in the United States.
#states #Monday
As of July 20, the national average price for a gallon of regular gasoline in the United States was $4.0030, according to AAA data.
Prices are now up from $3.8720 per gallon on Monday last week, following a week of re-escalation in the Middle East with Iranian attacks on vessels in the Strait of Hormuz, nine consecutive nights of U.S. strikes against Iran, and Iranian missiles targeting U.S. bases and military ****** ets in America's regional allies, including Kuwait, Jordan, and Bahrain.
At this time last year, the average price of gasoline in the United States was $3.1410.
But the war in Iran has hiked fuel prices globally, including in the United States.
#states #Monday
2 months ago
By Scott DiSavino
NEW YORK, July 21 (Reuters) - Oil prices climbed about 2% on Tuesday to a five-week high, on worries that energy supply disruptions could worsen in the Middle East due to more attacks between the U.S. and Iran and a threatened naval blockade of Saudi Arabia by Yemen's Houthis.
Brent futures rose $2.12, or 2.4%, to $91.34 a barrel at 10:53 a.m. EDT (1453 GMT). U.S. West Texas Intermediate crude rose $1.80, or 2.2%, to $85.03.
Brent was on track for its highest close since June 10, WTI for its highest since June 11. Brent was in technically overbought territory for a seventh day in a row.
Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis. U.S. forces bombed targets in the south and west of Iran overnight, Tehran targeted U.S. sites in Bahrain, Kuwait and Jordan and at least one tanker was hit in the Strait of Hormuz.
#west #rose #crude
NEW YORK, July 21 (Reuters) - Oil prices climbed about 2% on Tuesday to a five-week high, on worries that energy supply disruptions could worsen in the Middle East due to more attacks between the U.S. and Iran and a threatened naval blockade of Saudi Arabia by Yemen's Houthis.
Brent futures rose $2.12, or 2.4%, to $91.34 a barrel at 10:53 a.m. EDT (1453 GMT). U.S. West Texas Intermediate crude rose $1.80, or 2.2%, to $85.03.
Brent was on track for its highest close since June 10, WTI for its highest since June 11. Brent was in technically overbought territory for a seventh day in a row.
Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after threats from Yemen's Iran-aligned Houthis. U.S. forces bombed targets in the south and west of Iran overnight, Tehran targeted U.S. sites in Bahrain, Kuwait and Jordan and at least one tanker was hit in the Strait of Hormuz.
#west #rose #crude
2 months ago
Tehran has spent decades preparing for — and welcoming — a U.S. ground invasion, a senior Iranian official has claimed, as fresh explosions rocked the region on the eighth day of renewed U.S.-Iran strikes.
Seyed Mohammad Marandi, an Iranian American academic identified as a regime "mouthpiece," also boasted that Tehran had just launched a "new missile" while decentralizing and burying its ***** nal deep underground to withstand sustained American air campaigns.
"The Americans are planning an invasion. I'm not saying it will necessarily happen. I'm not saying it will necessarily happen in the next few days. But they have plans for an invasion," Marandi, who served as an advisor to Iran's nuclear negotiation team during recent talks with the U.S. in Pakistan, said in an interview with political ***** yst Glenn Diesen.
I've Studied Military Strategy. Trump Now Faces Iran's Oldest Battlefield Trick
"Whether they carry them out or not, we'll see. But the Iranians, as you pointed out, the focus of Iranian strikes is on Bahrain and Kuwait, and that's because that's where most American ***** ets have been placed for a ground invasion," Diesen said.
Seyed Mohammad Marandi, an Iranian American academic identified as a regime "mouthpiece," also boasted that Tehran had just launched a "new missile" while decentralizing and burying its ***** nal deep underground to withstand sustained American air campaigns.
"The Americans are planning an invasion. I'm not saying it will necessarily happen. I'm not saying it will necessarily happen in the next few days. But they have plans for an invasion," Marandi, who served as an advisor to Iran's nuclear negotiation team during recent talks with the U.S. in Pakistan, said in an interview with political ***** yst Glenn Diesen.
I've Studied Military Strategy. Trump Now Faces Iran's Oldest Battlefield Trick
"Whether they carry them out or not, we'll see. But the Iranians, as you pointed out, the focus of Iranian strikes is on Bahrain and Kuwait, and that's because that's where most American ***** ets have been placed for a ground invasion," Diesen said.
2 months ago
DUBAI, United Arab Emirates (AP) — The United States conducted a new round of airstrikes early Monday targeting Iran after announcing the death of another American service member, hitting around a northwestern city believed to be home to underground missile bases. Iran responded by launching an attack targeting Bahrain, the home of the U.S. Navy's 5th Fleet, and Kuwait.
The latest attacks again showed how, step by step, the U.S. and Iran have inched closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. Both sides have targeted civilian infrastructure relied on by millions of people.
Meanwhile, benchmark Brent crude rose Monday above $90 a barrel, further fueling a global energy crisis sparked by the conflict. An average gallon of regular gasoline in the U.S. also rose to $4, a key metric for Americans that puts more pressure on their wallets ahead of midterm elections this fall.
The U.S. military said the service member was killed in Iraq on Saturday during the "controlled detonation" of a downed Iranian drone.
"We hit them very hard again tonight," U.S. President Donald Trump said. "And we did that in honor of the" soldiers killed, he said.
The latest attacks again showed how, step by step, the U.S. and Iran have inched closer to all-out war as last month's interim deal meant to permanently end the fighting has crumbled and shipping traffic in the Strait of Hormuz has largely stalled. Both sides have targeted civilian infrastructure relied on by millions of people.
Meanwhile, benchmark Brent crude rose Monday above $90 a barrel, further fueling a global energy crisis sparked by the conflict. An average gallon of regular gasoline in the U.S. also rose to $4, a key metric for Americans that puts more pressure on their wallets ahead of midterm elections this fall.
The U.S. military said the service member was killed in Iraq on Saturday during the "controlled detonation" of a downed Iranian drone.
"We hit them very hard again tonight," U.S. President Donald Trump said. "And we did that in honor of the" soldiers killed, he said.
2 months ago
DUBAI, United Arab Emirates (AP) — The U.S. military launched airstrikes Sunday targeting Iran's paramilitary Revolutionary Guard to retaliate for the killing of American troops in Jordan, further widening crossfire between the nations as an interim deal seeking an end to their war has collapsed.
The strikes are part of a weeklong campaign that began with a struggle over control of the Strait of Hormuz and has seen Iran strike U.S.-allied countries across the Middle East.
The U.S. has targeted bridges, electrical facilities and other targets in Iran, and Tehran has retaliated by hitting power and desalination plants in Kuwait, threatening daily life in that small, oil-rich desert nation. Iran also has stepped up its threats to further expand the strikes, drawing a warning overnight from the United Arab Emirates.
Kuwait and Bahrain again activated air defenses Sunday morning as they warned of incoming Iranian drones and missiles.
The U.S. military's Central Command in its statement also said it hit "Iranian military coastal surveillance and air defense facilities, maritime capabilities and missile and drone storage sites." It also said for the first time it specifically targeting the Guard, a key power base in Iran's theocracy that controls its ballistic missile **** nal.
The strikes are part of a weeklong campaign that began with a struggle over control of the Strait of Hormuz and has seen Iran strike U.S.-allied countries across the Middle East.
The U.S. has targeted bridges, electrical facilities and other targets in Iran, and Tehran has retaliated by hitting power and desalination plants in Kuwait, threatening daily life in that small, oil-rich desert nation. Iran also has stepped up its threats to further expand the strikes, drawing a warning overnight from the United Arab Emirates.
Kuwait and Bahrain again activated air defenses Sunday morning as they warned of incoming Iranian drones and missiles.
The U.S. military's Central Command in its statement also said it hit "Iranian military coastal surveillance and air defense facilities, maritime capabilities and missile and drone storage sites." It also said for the first time it specifically targeting the Guard, a key power base in Iran's theocracy that controls its ballistic missile **** nal.
2 months ago
The U.S. military hit bridges and energy sites in Iran in its latest round of strikes against the Middle Eastern country early Friday morning.
The Islamic Revolutionary Guard Corps (IRGC) responded with attacks on U.S. bases in the Gulf region, including in Kuwait, Bahrain and Jordan.
The IRGC also said it attacked a U.S. special operations command center at the al-Tanf garrison military base in Syria — an ***** ertion that U.S. Central Command disputed on Friday morning.
"CLAIM: Iranian forces claim they attacked al-Tanf Garrison in Syria and captured or killed American troops in the process. FALSE," the military command wrote on social media. "FACT: No U.S. troops in the region have recently been killed or captured."
In an interview earlier this week, President Trump telegraphed expanding the U.S. strikes to Iranian infrastructure, which critics have noted could constitute war crimes if the targets were not being used for military purposes.
The Islamic Revolutionary Guard Corps (IRGC) responded with attacks on U.S. bases in the Gulf region, including in Kuwait, Bahrain and Jordan.
The IRGC also said it attacked a U.S. special operations command center at the al-Tanf garrison military base in Syria — an ***** ertion that U.S. Central Command disputed on Friday morning.
"CLAIM: Iranian forces claim they attacked al-Tanf Garrison in Syria and captured or killed American troops in the process. FALSE," the military command wrote on social media. "FACT: No U.S. troops in the region have recently been killed or captured."
In an interview earlier this week, President Trump telegraphed expanding the U.S. strikes to Iranian infrastructure, which critics have noted could constitute war crimes if the targets were not being used for military purposes.
2 months ago
DUBAI, United Arab Emirates (AP) — The United States and Iran exchanged strikes aimed at infrastructure and military targets on Saturday as their battle over the Strait of Hormuz intensified.
The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait. The collapse of an interim ceasefire leaves no clear end in sight for the war that the U.S. and Israel began more than four months ago.
The U.S. Central Command said late Friday it had launched its seventh straight night of attacks aimed at degrading Iran's military. Early Saturday it said the strikes had hit "surveillance sites, military logistics infrastructure, underground weapons storage, and maritime capabilities."
Kuwait said Saturday it was intercepting Iranian missiles and drones, and air sirens sounded in Bahrain according to the government there.
Iranian officials say recent U.S. strikes have killed dozens of people and wounded hundreds, with new casualties reported Friday, when the U.S. military also acknowledged more injured service members.
The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait. The collapse of an interim ceasefire leaves no clear end in sight for the war that the U.S. and Israel began more than four months ago.
The U.S. Central Command said late Friday it had launched its seventh straight night of attacks aimed at degrading Iran's military. Early Saturday it said the strikes had hit "surveillance sites, military logistics infrastructure, underground weapons storage, and maritime capabilities."
Kuwait said Saturday it was intercepting Iranian missiles and drones, and air sirens sounded in Bahrain according to the government there.
Iranian officials say recent U.S. strikes have killed dozens of people and wounded hundreds, with new casualties reported Friday, when the U.S. military also acknowledged more injured service members.
2 months ago
China cut crude imports to 7.8 million bpd in May, accounting for 74% of the entire global trade decrease, while keeping its 1.4 billion barrel reserve intact.
The Hormuz closure removed 14% of global supply yet prices climbed just 30%, a fraction of the 130% spike during the 1973 OPEC embargo.
When China's August import data rebounds, the cushion keeping US gas near $3.85 vanishes, making that single data point oil's most critical warning signal.
This lithium producer surpassed a $1B private valuation, joining some of America's most powerful startups. Now you can invest in EnergyX alongside global giants like General Motors, but only through July 16. (sponsor)
The Strait of Hormuz, the chokepoint carrying roughly 20% of the world's oil, was declared closed again on July 11 by Iran's Revolutionary Guard Navy. Within 72 hours, US forces struck roughly 140 military targets, Iran launched missile and drone retaliation against the UAE, Qatar, Kuwait, Oman, and Bahrain, and Washington reinstated a naval blockade of Iranian ports. Brent crude jumped more than 4% on July 13 to $79.26, its highest level since June 22, and by this morning was trading around $84 to $86, up roughly 5% on the week, according to CNBC and Al Jazeera. The two largest oil ETFs are up roughly 10% to 13% over the past week.
The Hormuz closure removed 14% of global supply yet prices climbed just 30%, a fraction of the 130% spike during the 1973 OPEC embargo.
When China's August import data rebounds, the cushion keeping US gas near $3.85 vanishes, making that single data point oil's most critical warning signal.
This lithium producer surpassed a $1B private valuation, joining some of America's most powerful startups. Now you can invest in EnergyX alongside global giants like General Motors, but only through July 16. (sponsor)
The Strait of Hormuz, the chokepoint carrying roughly 20% of the world's oil, was declared closed again on July 11 by Iran's Revolutionary Guard Navy. Within 72 hours, US forces struck roughly 140 military targets, Iran launched missile and drone retaliation against the UAE, Qatar, Kuwait, Oman, and Bahrain, and Washington reinstated a naval blockade of Iranian ports. Brent crude jumped more than 4% on July 13 to $79.26, its highest level since June 22, and by this morning was trading around $84 to $86, up roughly 5% on the week, according to CNBC and Al Jazeera. The two largest oil ETFs are up roughly 10% to 13% over the past week.
2 months ago
By ******* hree Mukherjee
July 13 (Reuters) - Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.
Brent crude futures were up $2.47, or 3.25%, to $78.48 at 1145 GMT, while U.S. West Texas Intermediate crude was up $2.35, or 3.29%, to $73.76 a barrel.
"The focus will remain on the number of inbound tankers as a lower number could impact production, so currently we see a risk premium but as well a disruption risk supporting prices," said UBS ******* yst Giovanni Staunovo.
Fresh U.S. and Iranian strikes over the weekend fueled fears of a renewed escalation. Tehran targeted U.S. facilities across the Gulf on Sunday and said it had again closed the Strait of Hormuz. Iran's Revolutionary Guards said on Monday they had attacked U.S. military bases in Kuwait and Bahrain.
July 13 (Reuters) - Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.
Brent crude futures were up $2.47, or 3.25%, to $78.48 at 1145 GMT, while U.S. West Texas Intermediate crude was up $2.35, or 3.29%, to $73.76 a barrel.
"The focus will remain on the number of inbound tankers as a lower number could impact production, so currently we see a risk premium but as well a disruption risk supporting prices," said UBS ******* yst Giovanni Staunovo.
Fresh U.S. and Iranian strikes over the weekend fueled fears of a renewed escalation. Tehran targeted U.S. facilities across the Gulf on Sunday and said it had again closed the Strait of Hormuz. Iran's Revolutionary Guards said on Monday they had attacked U.S. military bases in Kuwait and Bahrain.
2 months ago
Oil prices were little changed on Friday, but both major benchmarks remained on track to post solid weekly gains as investors weighed renewed military tensions between the United States and Iran against expectations that the conflict will remain limited and avoid disrupting crude exports from the Persian Gulf.
At 14:18 ET (18:18 GMT), U.S. West Texas Intermediate (WTI) crude futures edged down 0.1% to $72.01 per barrel, while Brent crude futures slipped 0.07% to $76.25 per barrel.
Although trading was subdued during the session, Brent was still heading for a weekly gain of around 5%, with WTI up roughly 4%. Prices surged earlier in the week after renewed attacks near the Strait of Hormuz revived concerns over supply disruptions before easing as traders concluded the conflict was unlikely to broaden significantly.
The United States carried out another round of airstrikes against military targets in Iran on Thursday, saying the operations were intended to further reduce Tehran's ability to threaten commercial shipping through the Strait of Hormuz.
Iran responded with missile and drone attacks aimed at U.S.-aligned countries, including Bahrain, Kuwait, Qatar and Jordan, marking one of the most extensive military exchanges since last month's temporary agreement.
At 14:18 ET (18:18 GMT), U.S. West Texas Intermediate (WTI) crude futures edged down 0.1% to $72.01 per barrel, while Brent crude futures slipped 0.07% to $76.25 per barrel.
Although trading was subdued during the session, Brent was still heading for a weekly gain of around 5%, with WTI up roughly 4%. Prices surged earlier in the week after renewed attacks near the Strait of Hormuz revived concerns over supply disruptions before easing as traders concluded the conflict was unlikely to broaden significantly.
The United States carried out another round of airstrikes against military targets in Iran on Thursday, saying the operations were intended to further reduce Tehran's ability to threaten commercial shipping through the Strait of Hormuz.
Iran responded with missile and drone attacks aimed at U.S.-aligned countries, including Bahrain, Kuwait, Qatar and Jordan, marking one of the most extensive military exchanges since last month's temporary agreement.
2 months ago
President Donald Trump declared the US-Iran ceasefire over on Wednesday, reviving fears of a markets crash in July. Stock futures fell more than 1% while oil surged and gold climbed.
Wall Street's early reaction suggests caution rather than panic. The bigger question is whether renewed war risk triggers a deep July sell-off, or whether investors have already built the danger into prices.
The US struck more than 80 Iranian targets overnight after Tehran attacked three commercial vessels in the Strait of Hormuz, CENTCOM confirmed.
Iran's Revolutionary Guard answered with claimed strikes on 85 US military facilities, activating air defenses in Bahrain and Kuwait.
The June truce died less than halfway through the 60-day window negotiators had set. Yet markets responded in orderly fashion. Dow futures fell 1.10%, S&P 500 futures lost 0.87%, and Nasdaq futures dropped 1.33% in early pre-market trading.
Wall Street's early reaction suggests caution rather than panic. The bigger question is whether renewed war risk triggers a deep July sell-off, or whether investors have already built the danger into prices.
The US struck more than 80 Iranian targets overnight after Tehran attacked three commercial vessels in the Strait of Hormuz, CENTCOM confirmed.
Iran's Revolutionary Guard answered with claimed strikes on 85 US military facilities, activating air defenses in Bahrain and Kuwait.
The June truce died less than halfway through the 60-day window negotiators had set. Yet markets responded in orderly fashion. Dow futures fell 1.10%, S&P 500 futures lost 0.87%, and Nasdaq futures dropped 1.33% in early pre-market trading.
2 months ago
Stock futures are sharply lower and oil prices are surging as investors react to the escalating tension between Iran and the U.S.; the two countries traded strikes overnight and President Trump said the ceasefire could be over; chip stocks are poised to extend their losses into a second session; Apple reached a deal to buy at least $30 billion worth of chips from Broadcom; and the minutes from last month's Fed meeting on interest rates are scheduled to be released this afternoon. Here's what you need to know today.
Stock futures are sinking this morning as markets react to the escalating tension between the U.S. and Iran. (more on that below) S&P 500 futures were down 0.7% recently, while futures tied to the Dow Jones Industrial Average and the tech-heavy Nasdaq dropped 1% and 1.1%, respectively. The major indexes fell yesterday as the Dow pulled back from a record high and chip stocks tumbled. WTI crude oil futures were up 5% at $74 per barrel, trading at a two-week high as investors monitored developments in the Middle East. Gold futures were down 2% at $4,075 an ounce, while bitcoin traded at $62,200, down from yesterday's high of $64,600. The yield on the 10-year Treasury note, which affects interest rates on all sorts of loans, rose to 4.57%, its highest level in more than a month.
The U.S. and Iran are again trading strikes after multiple ships were attacked in the Strait of Hormuz early yesterday. The U.S. responded by launching new strikes in Iran, and Iranian forces are retaliating by attacking other countries, including Bahrain, that host U.S. military bases. President Trump was asked about the status of the ceasefire that has kept attacks to a minimum for the last few months, and he said he thinks the agreement could be "over." Trump said U.S. officials will be allowed to continue negotiating with Iran, but said "I think they're wasting their time," per The **** ociated Press.
Chip stocks are poised to extend yesterday's losses into a second straight session. Several major hardware makers are down premarket, including Nvidia (NVDA), Intel (INTC), Marvell (MRVL), Advanced Micro Devices (AMD), Micron (MU) and Sandisk (SNDK). The AI trade stumbled yesterday after preliminary second-quarter results from South Korean tech giant Samsung beat estimates, but not by enough to wow investors, dragging the U.S. tech sector lower. Samsung shares fell by more than 6% for a second straight day in Korean Stock Exchange trading on Wednesday. Worries about an AI bubble have also been reignited for some investors recently after last month's rally that sent many AI stocks to new record highs. The iShares Semiconductor ETF (SOXX) was down 2% in recent premarket trading, while the Roundhill Memory ETF (DRAM) dropped more than 5%.
Stock futures are sinking this morning as markets react to the escalating tension between the U.S. and Iran. (more on that below) S&P 500 futures were down 0.7% recently, while futures tied to the Dow Jones Industrial Average and the tech-heavy Nasdaq dropped 1% and 1.1%, respectively. The major indexes fell yesterday as the Dow pulled back from a record high and chip stocks tumbled. WTI crude oil futures were up 5% at $74 per barrel, trading at a two-week high as investors monitored developments in the Middle East. Gold futures were down 2% at $4,075 an ounce, while bitcoin traded at $62,200, down from yesterday's high of $64,600. The yield on the 10-year Treasury note, which affects interest rates on all sorts of loans, rose to 4.57%, its highest level in more than a month.
The U.S. and Iran are again trading strikes after multiple ships were attacked in the Strait of Hormuz early yesterday. The U.S. responded by launching new strikes in Iran, and Iranian forces are retaliating by attacking other countries, including Bahrain, that host U.S. military bases. President Trump was asked about the status of the ceasefire that has kept attacks to a minimum for the last few months, and he said he thinks the agreement could be "over." Trump said U.S. officials will be allowed to continue negotiating with Iran, but said "I think they're wasting their time," per The **** ociated Press.
Chip stocks are poised to extend yesterday's losses into a second straight session. Several major hardware makers are down premarket, including Nvidia (NVDA), Intel (INTC), Marvell (MRVL), Advanced Micro Devices (AMD), Micron (MU) and Sandisk (SNDK). The AI trade stumbled yesterday after preliminary second-quarter results from South Korean tech giant Samsung beat estimates, but not by enough to wow investors, dragging the U.S. tech sector lower. Samsung shares fell by more than 6% for a second straight day in Korean Stock Exchange trading on Wednesday. Worries about an AI bubble have also been reignited for some investors recently after last month's rally that sent many AI stocks to new record highs. The iShares Semiconductor ETF (SOXX) was down 2% in recent premarket trading, while the Roundhill Memory ETF (DRAM) dropped more than 5%.
2 months ago
July 8 (Reuters) - Iran's Revolutionary Guards said they targeted U.S. military sites in Bahrain and Kuwait on Wednesday after the U.S. launched a wave of military strikes on Iran in response to attacks on tankers in the Strait of Hormuz.
In the latest blow to the fragile ceasefire agreement, the Islamic Revolutionary Guard Corps said it carried out a joint missile and drone operation against key U.S. military sites in Bandar Salman, Bahrain's Fifth Naval District and Ali Al Salem Air Base in Kuwait, and shot down a U.S. MQ9 drone attempting to interfere in the operation.
Air raid sirens sounded in Bahrain and Kuwait, officials said. The Kuwaiti army said air defences were confronting "hostile" missile and drone attacks.
The U.S. earlier unleashed fresh military strikes and revoked a licence allowing Iran to sell oil in response to attacks on three tankers in the strait.
The U.S. Central Command said more than 60 small boats of the Islamic Revolutionary Guard Corps were among the targets hit, in a bid to impose a heavy cost on Iran for strikes on shipping in violation of the ceasefire.
In the latest blow to the fragile ceasefire agreement, the Islamic Revolutionary Guard Corps said it carried out a joint missile and drone operation against key U.S. military sites in Bandar Salman, Bahrain's Fifth Naval District and Ali Al Salem Air Base in Kuwait, and shot down a U.S. MQ9 drone attempting to interfere in the operation.
Air raid sirens sounded in Bahrain and Kuwait, officials said. The Kuwaiti army said air defences were confronting "hostile" missile and drone attacks.
The U.S. earlier unleashed fresh military strikes and revoked a licence allowing Iran to sell oil in response to attacks on three tankers in the strait.
The U.S. Central Command said more than 60 small boats of the Islamic Revolutionary Guard Corps were among the targets hit, in a bid to impose a heavy cost on Iran for strikes on shipping in violation of the ceasefire.
2 months ago
FIA president Mohammed Ben Sulayem has warned that “safety is more important than adding to an already-crowded calendar” with Formula One ******* sing whether to revive this year’s Bahrain Grand Prix.
The race in Bahrain had been due to take place on April 12 but it was put on hold due to the conflict in the Middle East. The Saudi Arabian Grand Prix, pencilled in for the following week, was also postponed.
However, F1 chief Stefano Domenicali revealed at last weekend's British Grand Prix that there is a possibility of at least one of those events being restored to the calendar “in the right moment and the right conditions,”
He also stressed the importance of safeguarding the grid’s 2,000-strong travelling circus.
The Press ******* ociation understands Bahrain is the most likely option of the two venues to be brought back, with a date of October 4 mooted – a vacant gap in the schedule between the races in Azerbaijan on September 26 and Singapore on October 11.
The race in Bahrain had been due to take place on April 12 but it was put on hold due to the conflict in the Middle East. The Saudi Arabian Grand Prix, pencilled in for the following week, was also postponed.
However, F1 chief Stefano Domenicali revealed at last weekend's British Grand Prix that there is a possibility of at least one of those events being restored to the calendar “in the right moment and the right conditions,”
He also stressed the importance of safeguarding the grid’s 2,000-strong travelling circus.
The Press ******* ociation understands Bahrain is the most likely option of the two venues to be brought back, with a date of October 4 mooted – a vacant gap in the schedule between the races in Azerbaijan on September 26 and Singapore on October 11.
3 months ago
Markets enter a holiday-shortened week facing geopolitical escalation as Iran launched new strikes against U.S. bases in Bahrain and Kuwait early Sunday. This continued back-and-forth pattern of attacks threatens the fragile U.S.-Iran peace framework and raises risks to the Strait of Hormuz access established through last week's memorandum of understanding.
The escalating hostilities create renewed uncertainty about energy market stability just as investors were gaining confidence in normalized oil supplies following the MOU breakthrough.
Billionaire Mark Cuban Asks If AI 'Collapses' And Data Centers Turn Into 'Chuck E Cheeses,' Would That 'Create A Revival Of Jobs?'
As Trump Doubles Down on Quantum Computing, This Is the Top-Performing Stock to Buy YTD
Why Verizon, AT&T, and T-Mobile Should Be Terrified of Elon Musk's Next Move
The escalating hostilities create renewed uncertainty about energy market stability just as investors were gaining confidence in normalized oil supplies following the MOU breakthrough.
Billionaire Mark Cuban Asks If AI 'Collapses' And Data Centers Turn Into 'Chuck E Cheeses,' Would That 'Create A Revival Of Jobs?'
As Trump Doubles Down on Quantum Computing, This Is the Top-Performing Stock to Buy YTD
Why Verizon, AT&T, and T-Mobile Should Be Terrified of Elon Musk's Next Move
3 months ago
DUBAI, United Arab Emirates (AP) — Iran's president said Monday that $6 billion in frozen Iranian ***** ets would be released by Qatar, as negotiations with the United States were challenged by attacks across the Persian Gulf this weekend.
Masoud Pezeshkian 's mention of the funds appear aimed at selling the Iranian public on the interim deal, particularly as its grip on the Strait of Hormuz has been tested by efforts to open Oman's territorial waters to both inbound and outbound traffic from the Persian Gulf. Iran's attacks and threats stopped cargo ships and tankers from moving through the strait, in which about a fifth of all traded oil and natural gas passed in peacetime, creating a global energy crisis.
The strait has long been considered an international waterway despite its location in Iran and Oman's territorial waters. In recent days, Iran has twice attacked vessels going through a route near the Omani side, drawing retaliatory American airstrikes and concerns that negotiations to reach a formal end to the war could be disrupted. Iran launched drone and missile attacks targeting Bahrain and Kuwait on Sunday.
Pezeshkian offered praise for the interim deal in comments published Monday by the state-run IRNA news agency, calling it "a great victory for the Iranian people."
"Based on the plans made, $6 billion out of the total $12 billion of Iranian resources in Qatar will be released and returned to the country, and necessary follow-ups are being carried out," he said. He did not elaborate.
Masoud Pezeshkian 's mention of the funds appear aimed at selling the Iranian public on the interim deal, particularly as its grip on the Strait of Hormuz has been tested by efforts to open Oman's territorial waters to both inbound and outbound traffic from the Persian Gulf. Iran's attacks and threats stopped cargo ships and tankers from moving through the strait, in which about a fifth of all traded oil and natural gas passed in peacetime, creating a global energy crisis.
The strait has long been considered an international waterway despite its location in Iran and Oman's territorial waters. In recent days, Iran has twice attacked vessels going through a route near the Omani side, drawing retaliatory American airstrikes and concerns that negotiations to reach a formal end to the war could be disrupted. Iran launched drone and missile attacks targeting Bahrain and Kuwait on Sunday.
Pezeshkian offered praise for the interim deal in comments published Monday by the state-run IRNA news agency, calling it "a great victory for the Iranian people."
"Based on the plans made, $6 billion out of the total $12 billion of Iranian resources in Qatar will be released and returned to the country, and necessary follow-ups are being carried out," he said. He did not elaborate.
3 months ago
DUBAI, United Arab Emirates (AP) — A Liberian oil tanker made its way out of the Strait of Hormuz on Thursday despite threats to shipping from Iran's paramilitary Revolutionary Guard, using a new route close to Oman's shore that has been promoted by a U.N. maritime agency.
The transit of the Stoic Warrior and the threats come as tensions rise between Iran and the United States over the terms of their interim accord aimed at permanently ending the Iran war.
From getting ships through the narrow mouth of the Persian Gulf to the future of Iran's stockpile of highly enriched uranium, the two nations are increasingly debating the terms of the deal signed last week.
Through the signing of the memorandum of understanding, the U.S. and Iran agreed to a 60-day period to iron out these and other details. Until that happens — during private talks — leaders from both countries will also continue to negotiate in public, raising the risks of derailing the shaky ceasefire in the region.
On a trip to the Middle East, U.S. Secretary of State Marco Rubio spoke Thursday with Gulf Arab officials in Bahrain, the island kingdom in the Persian Gulf home to the Navy's 5th Fleet, trying to ****** uage their concerns.
The transit of the Stoic Warrior and the threats come as tensions rise between Iran and the United States over the terms of their interim accord aimed at permanently ending the Iran war.
From getting ships through the narrow mouth of the Persian Gulf to the future of Iran's stockpile of highly enriched uranium, the two nations are increasingly debating the terms of the deal signed last week.
Through the signing of the memorandum of understanding, the U.S. and Iran agreed to a 60-day period to iron out these and other details. Until that happens — during private talks — leaders from both countries will also continue to negotiate in public, raising the risks of derailing the shaky ceasefire in the region.
On a trip to the Middle East, U.S. Secretary of State Marco Rubio spoke Thursday with Gulf Arab officials in Bahrain, the island kingdom in the Persian Gulf home to the Navy's 5th Fleet, trying to ****** uage their concerns.
