Shell’s profits have more than doubled while Americans keep paying more at the gas pump ‘When wars make oil companies richer, something’s seriously messed up in the world,’ one social media user noted The Independent UK · Jul 30
Saudi Arabia prepares sea and possible land offensive against Houthis Yemeni sources say Saudis concentrating forces for what could be attack in central Yemen The Guardian - UK · Jul 30
Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed… The Economic Times · Jul 30
Iran war powers resolution blocked in Senate as conflict heats up The Senate again rejected advancing a measure to direct President Donald Trump to end the war in Iran, a vote that comes as a brief respite in fighting appears to be over. The Senate voted 49-50 on Thursday against discharging from the Senate Foreign Relations Committee a war powers resolution… Roll Call · Jul 30
Deepening Middle East turmoil that Trump must stop making worse THE INDEPENDENT VIEW: Editorial: With surrounding countries now being dragged into a widening Iran war, the US president must listen to his Western allies and begin the process of longer-term diplomatic talks – or risk impeachment The Independent UK · Jul 30
Here's why new fronts seem to be opening up across the Middle East Recent days have seen a series of attacks across the Middle East, from the U.S. and Saudi Arabia bombing militias in Iraq to drones setting ships ablaze in Egypt The Independent UK · Jul 30
2,557 Indians evacuated from Iran via Armenia, Azerbaijan amid West Asia conflict: MoS Kirti Vardhan Singh Over 2,500 Indian nationals were evacuated from Iran through neighboring countries. The Indian Embassy in Tehran facilitated their safe cross-border movement for onward travel. Government advisories urged citizens to consider temporary exits from Iran due to escalating tensions. India remains engaged with regional partners to ensure safety and secure energy… The Economic Times · Jul 30
US and Iran trade missile barrages as hopes dim for a quick resolution to the five-month conflict The United States and Iran exchanged missile strikes, escalating regional conflict. Jordan and Kuwait reported intercepting Iranian missiles and a deadly strike respectively. Drone attacks caused fires on ships at an Egyptian port this week. The ongoing war has significantly impacted global fuel prices and the economy. Diplomatic efforts continue… The Economic Times · Jul 30
Crude Oil Prices Slip on Ongoing US-Iran Negotiations September WTI crude oil (CLU26 ) today is down -0.16 (-0.19%), and September RBOB gasoline (RBU26 ) is down -0.0740 (-2.29%). Crude oil and gasoline prices gave up an overnight advance and turned lower on hopes for a diplomatic solution to the US-Iran war, along with signs of increased oil... Barchart · Jul 30
US hits dozens of targets in Iran overnight as peace efforts under threat Central Command says strikes aimed at diminishing Iranian military while mediators say talks are continuing The Guardian - UK · Jul 30
Iran’s war with the US is not its only conflict as internal crises mount Government fears social discontent on ‘most important battlefield’ of economy and livelihoods as war takes its toll amid anti-state dissent The Guardian - UK · Jul 30
Stocks Rally on Stellar Microsoft Earnings and Chip Stock Strength The S&P 500 Index ($SPX ) (SPY ) today is up +0.86%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.65%. September E-mini S&P futures (ESU26 ) are up +0.84%, and September E-mini Nasdaq futures... Barchart · Jul 30
US-Iran conflict spreads as new fronts open One war, many nations — and no exit in sight The Times of India · Jul 30
Trump Reportedly Erupts at National Security Team Over Iran as Ally Says There Was 'No Real Strategy' President Trump is reportedly frustrated with senior officials over the stalled Iran conflict, as internal divisions and strategic challenges persist, despite denials of discord from the White House. International Business Times UK · Jul 30
Evening Standard · Jul 30 Interest rates held at 3.75% but Bank prepared to raise them if Iran war goes on The Bank of England indicated that interest rates could be hiked in response to further re-escalation of the US-Israel’s conflict with Iran.
Evening Standard · Jul 30 FTSE 100 reaches new heights in spite of ongoing Iran war The FTSE 100 Index has already hit record intraday highs in the past two days, reaching 10979.24 at one stage on Thursday.
The Guardian - US · Jul 30 Democrats demand answers over treatment of wounded US troops after Iran strike Lawmakers question delays in medical care, casualty figures and Pentagon’s handling of drone attack in Kuwait
The Economic Times · Jul 30 Iran claims to destroy three F-35 jets, damage 3 more in Jordan after US attack Iran stated it destroyed three US F-35 jets at Jordan's Al-Azraq Air Base. This action was a direct response to American airstrikes on Qeshm Island. US Central Command confirmed large-scale strikes against IRGC targets inside Iran. These strikes aimed to diminish threats posed by Iran and its proxies.
Bangkok Post · Jul 30 Middle East faces expanded war as Iran and US reignite attacks NEW YORK — The Middle East teetered on the brink of an expanded war Thursday, after Iran and the United States reignited their hostilities and inflamed conflicts on other fronts that threatened to draw in more countries.
The Independent UK · Jul 30 Mapped: All of the countries dragged into Trump’s war in Iran IN FOCUS: The war has spread across the Middle East, with unprecedented disruption to global oil supplies and Gulf states being targeted by Tehran. Maira Butt looks at how the war has dragged in countries on several continents
Barchart · Jul 30 Stocks Rebound as Microsoft Earnings Ease AI Spending Concerns The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.69%. September E-mini S&P futures (ESU26 ) are up +1.09%, and September E-mini Nasdaq futures...
Evening Standard · Jul 30 Borrowers not set for lower mortgage rates ‘any time soon’, warns expert More than 30 lenders have hiked rates in recent weeks amid renewed inflation fears caused by the Iran war, according to Moneyfacts.
International Business Times · Jul 30 The U.S. And Iran Continue Trading Strikes. Oil Is Dropping Anyway Oil is dropping on Thursday despite continued hostilities between the U.S. and Iran.
The Independent UK · Jul 30 The Latest: US and Iran trade strikes as hopes dim for a quick resolution Back-and-and-forth missile strikes between the U.S. and Iran are dimming hopes for a deal to end the war as more countries are drawn in
Reason · Jul 30 Drones Over Egypt Plus: City Without Children, Reihan Salam victorious, Kevin Warsh's new strategy, and more...