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News
Beyond hugs and goodwill, leaders of Russia and Iran return home from Brics empty-handed
6+ hour, 8+ min ago (868+ words) [BRUSSELS] The Brics grouping was designed as an alternative to a world dominated by a handful of powerful Western nations led by the United States. Its member states account for a combined 40 per cent of the world’s total economic output…...
A US$7 billion gas bill sees developing Asian nations sour on LNG
9+ hour, 15+ min ago (808+ words) Surging costs threaten to tarnish the reputation of the fuel as a reliable energy source [SINGAPORE] The loss of a fifth of liquefied natural gas (LNG) supply due to the US-Iran war is blowing out costs for Asia’s developing markets,…...
Trump calls US$5,000 payouts ‘easy’ to fit into federal budget
9+ hour, 31+ min ago (493+ words) Any such payment would need to be approved by US Congress [NEW YORK/DOONBEG, Ireland] President Donald Trump said on Sunday (Sep 13) the United States can afford his promise to send US$5,000 to every US adult should his Republican Party…...
Oil jumps as Saudi pipeline shutdown worsens global supply crunch
10+ hour, 25+ min ago (455+ words) Traders assessing the regional consequences of a rapid military advance by Houthi militants along Yemen’s Red Sea coast OIL rose at market open in Asia on Monday (Sep 14) after Saudi Arabia shut a major crude pipeline following attacks, disrupting a…...
Oil gains as shutdown of Saudi pipeline deepens energy crisis
10+ hour, 56+ min ago (472+ words) Traders assessing the regional consequences of a rapid military advance by Houthi militants along Yemen’s Red Sea coast OIL rose at market open in Asia on Monday (Sep 14) after Saudi Arabia shut a major crude pipeline following attacks, disrupting a…...
New attacks in Hormuz and Saudi test nerves as war’s spread worsens oil disruption
11+ hour, 49+ min ago (1070+ words) The past two weeks have seen a steady escalation in the war [ADEN/DUBAI] New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday (Sep 13), after an attack on a Saudi…...
Iran, UAE back Brics call for ‘maximum restraint’ despite being divided by Middle East war
1+ day, 6+ hour ago (627+ words) China’s Xi urges Brics to take on peacemaking role [NEW DELHI] Iran and the United Arab Emirates signed up to a joint statement from the Brics group of nations that called for restraint in the Middle East war on Saturday…...
Oil supply fears mount after reported Hormuz ship attack and closure of vital Saudi pipeline
1+ day, 3+ hour ago (910+ words) Saudis reported to ask Trump for military help to combat Houthi advance [ADEN/DUBAI] Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday (Sep 13), adding to concerns about Iran-related threats to…...
Trump says he does not regret Iran war despite impact it may have on midterm elections
3+ day, 8+ hour ago (335+ words) Rising oil and gas prices continue to be a bugbear among Republicans [WASHINGTON] President Donald Trump said he did not regret going to war against Iran despite the impact the conflict may have on the November US midterm elections. “I…...
ECB raises interest rates as Iran war fuels inflation fears
3+ day, 19+ hour ago (841+ words) A surge in oil prices is clouding the inflation outlook again; resilient growth leaves room to act [FRANKFURT] The European Central Bank (ECB) raised interest rates on Thursday (Sep 10) for the second time in 2026, seeking to quell an energy-driven rise…...