Day News Recap: Global tensions flare from Gaza to Hormuz as markets turn mixed
The biggest escalation came in the Middle East, where Iran’s Revolutionary Guard said it set an oil tanker ablaze in the Strait of Hormuz and warned of wider attacks on vessels it considers hostile, raising fresh fears over shipping through the waterway. 🔗 Saudi Arabia also reopened Riyadh’s King Khalid International Airport after a Houthi attack killed three people and injured several others, underlining the spread of regional violence. 🔗In Gaza, a senior United Nations official said life remains “absolutely horrendous” a year after the ceasefire, with the humanitarian crisis still severe. 🔗 Separately, Vladimir Putin said Russia would do... [Continue Reading]
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Day News Recap: Middle East tensions flare as Ukraine, Europe and markets react
Iran widened pressure on shipping by striking two commercial tankers outside the Strait of Hormuz within 24 hours, while a separate tanker was hit by multiple projectiles off the north coast of Qatar, deepening fears over Gulf trade routes. đź”— đź”—Those attacks fed a broader surge in Middle East risk, with oil and stocks swinging on renewed fears of supply disruption, and the G7 agreeing to release 100 million barrels of oil and diesel from emergency stockpiles over four months to cushion shortages. đź”— đź”—In Yemen and Saudi Arabia, the conflict escalated further as Riyadh said Houthi attacks on two... [Continue Reading]
Breakfast News Recap: Middle East tensions flare as Israel marks 7 October anniversary and oil jumps
Oil prices and global stocks swung as traders reacted to renewed fears of disruption to Middle East supply routes, with crude rising on reports that Iran appeared to be preparing a response and investors watching the risk to shipping and energy flows. 🔗Security concerns widened after UKMTO said a tanker sailing off the north coast of Qatar was struck by multiple projectiles, adding to worries over maritime traffic in the Gulf. 🔗In the region’s wider conflict, Saudi Arabia said Houthi attacks on two airports killed three civilians, including three foreign nationals, and injured 36 people over two days, while Yemeni... [Continue Reading]
Oil and stocks swing on renewed Iran war fears and Middle East supply concerns
Oil prices moved sharply on Wednesday as traders reacted to renewed fears of disruption to Middle East supply routes. Prices rose after reports that Iran appeared to be stepping up attacks on tankers in the Strait of Hormuz, then fell later in the session after officials signalled that more reserves could be released if needed. The swings also fed through to US financial markets, where stocks weakened and government bond yields climbed to their highest levels in more than two decades.The immediate trigger was a warning cited in the supplied material that tanker attacks in the Strait of Hormuz may... [Continue Reading]
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Day News Recap: Ukraine toll rises as Middle East tensions, Iran pressure and global probes widen
Ukraine said at least 20 people were killed in overnight Russian strikes that spread across central and eastern parts of the country, with rescue work continuing after the attacks. đź”—In the Middle East, Yemen's conflict escalated again as Houthi missiles and drones targeted Aden International Airport, forcing a passenger flight diversion, while Saudi forces said they intercepted a missile near Riyadh and no casualties were reported. đź”— đź”— đź”—Yemen's internationally recognised government also said it had launched Operation Dawn of Yemen and pushed a renewed offensive on the Red Sea coast, including moves near Bab al Mandeb and an assault... [Continue Reading]
Noontime News Recap: Russia intensifies Ukraine strikes as Middle East tensions and anniversary events dominate
Russia launched one of its heaviest overnight assaults of the war on Ukraine, killing at least 11 people and hitting multiple cities, including energy infrastructure, in what President Volodymyr Zelensky said was among the most severe attacks so far. đź”—A separate report said the barrage involved missiles and drones across the country, again striking power sites and other targets, underlining the pressure on Ukraine's energy system as winter approaches. đź”—In Brussels, the European Commission disbursed EUR 1.24 billion to Ukraine under the defence component of its wider support package, adding fresh financial backing as Kyiv faces renewed battlefield and infrastructure... [Continue Reading]
Shell forecasts sharp rise in refinery margins as war-damaged plants tighten fuel supplies
Shell has forecast that its refinery profit margins will rise sharply in the July-to-September period, as shutdowns at war-damaged refineries in the Middle East and Russia squeeze global fuel supplies. The company said margins are expected to reach $42 a barrel, almost double the $24 a barrel recorded in the second quarter. That would also exceed the previous high of about $28 a barrel seen in mid-2022.The forecast was set out in a market trading update on Wednesday. Shell said the increase reflects a steep rise in the price of refined fuels, including diesel, relative to the cost of crude... [Continue Reading]

