Brent crude futures fell for a third straight day on Wednesday, sliding more than 2% to roughly $86 per barrel on prospects of more supply through the Strait of Hormuz, calming world bond markets ahea…
AI-linked stocks across Asia cratered on Thursday, with South Korea's KOSPI plunging 4% and Japan's Nikkei falling 1.6%, as Wall Street's overnight losses rekindled fears that massive AI spending may …
The Arabian Gulf faces a strategic transition as Iranian coercion and uncertainty over U.S. security commitments converge, forcing Gulf states to choose between a battered but emboldened Iran or a fra…
Iran's Deputy Foreign Minister Kazem Gharibabadi reiterated Iran's determination to control maritime traffic through the Strait of Hormuz, warning that Iran will proceed with its own plans if Oman doe…
Oil prices fell to pre-war levels on Thursday, with Brent crude dropping to $72.68 a barrel, as rising Middle East supply outweighed demand concerns. The decline followed a framework agreement to end …
Iran threatened to close the Strait of Hormuz in June 2026, spiking global oil prices, but the U.S. depends on the strait for only 2% of its petroleum, while Asia relies on it for up to 90% of crude i…