US military says it is facing a shortfall in ammunition as a result of Iran war President Trump has continued to brush off the concerns, insisting the US has "virtually unlimited" stock just a few weeks ago. Euronews · Sep 15
Iran war exposes US munitions shortfall, industrial bottlenecks, Pentagon report says The US military faces shortages of key munitions due to the Iran war and industrial "bottlenecks" to rebuild stockpiles, a Pentagon watchdog warned in a report published on Monday, contradicting US President Donald Trump's assurances that ammunition supplies are "virtually unlimited". France 24 · Sep 15
Iran-US war latest: Saudi Arabia says it downed drone near Mecca as US House votes to rein in Trump’s powers Trump says he is open to negotiations to end the war with Iran, but stresses the final decision rests with him The Independent UK · Sep 15
Militias in Iraq remain defiant as the last US troops pack up to leave After withdrawing in 2011, U.S. troops returned three years later at Baghdad’s invitation to lead a smaller coalition against Islamic State militants who had seized wide areas of the country The Independent UK · Sep 15
Houthis seize strategic Red Sea islands as analysts warn of impending oil crunch The Yemen militant group captured the islands of Greater and Lesser Hanish, new the chokepoint of Bab al-Mandab strait The Guardian - AU · Sep 15
Ukraine-Russia war latest: Zelensky celebrates major ‘hit’ against Moscow after anti-drone weapon test success Moscow accused Denmark of ‘dangerous’ fly-bys near its warships The Independent UK · Sep 15
🔴 Middle East live: Pentagon report says Iran war has led to munitions shortfall The war with Iran has cost the United States around $38 billion as of August 1, the nonpartisan Congressional Budget Office said Tuesday, estimating monthly expenses could rise by billions if the conflict wears on. France 24 · Sep 15
Saudi Arabia vows to hit back ‘firmly’ after Houthi attacks Saudi Arabia vowed on Tuesday to respond "firmly" to attacks by Yemen's Houthis after the Iran-backed fighters wounded 13 people in the kingdom’s south following a series of drone and missile attacks. Tensions have escalated since the Houthis pushed their offensive in Yemen and began targeting Riyadh’s ships in the… France 24 · Sep 15
Iran strikes damaged US bases, embassies across 8 countries: Pentagon watchdog A recent Pentagon report highlights the extensive destruction of US military and diplomatic infrastructures due to Iranian strikes. Hundreds of buildings sustained damage across the Middle East, creating severe logistical hurdles and personnel displacements for American forces. The Iranian onslaught resulted in an estimated $184 million in damages to diplomatic… The Times of India · Sep 15
Oil Price Today (September 15): Crude oil rises to $107 as Saudi energy infra attacks raise supply fears. What are experts saying? Crude Oil Price : On Tuesday, oil prices experienced a significant rise as assaults on Saudi energy infrastructure intensified. The key East-West pipeline in the kingdom is currently down, raising alarms over possible supply disruptions. The situation has worsened with recent attacks by Iran-backed Houthi forces, leading experts to warn… The Economic Times · Sep 15
Dollar near two-week high as oil surge lifts yields, Fed hike bets Strengthening towards a two-week high, the dollar gained ground as oil prices jumped and Treasury yields rose. With a significant rate hike from the Federal Reserve looming this week, market sentiment turned cautious. Stock markets experienced declines, dampening risk appetite and bolstering the dollar’s ascent. The surge in oil prices… The Economic Times · Sep 15
What the closure of Saudi Arabia's East-West pipeline means for oil flows Saudi Arabia closed a major oil pipeline after a drone attack, raising global energy shortage fears. This closure threatens to remove millions of barrels of oil from the market daily. The war with Iran has already strained energy supplies and increased prices significantly. Consumers worldwide are experiencing higher fuel and… The Economic Times · Sep 15
Houthis strike Saudi targets anew as talks over Strait of Hormuz stall Iran-aligned Houthis launched fresh attacks on Saudi Arabia as their advances along Yemen’s Red Sea coast intensified pressure on Riyadh. Gulf states postponed talks with Iran, raising fears of wider regional conflict and oil supply disruptions. Saudi airstrikes continued, while Washington resisted direct military intervention. Crude prices rose amid heightened… The Economic Times · Sep 15
US watchdog tallies Iran war's hit to weapons stockpiles, military bases and more A U.S. government watchdog has released its first report on the impact of the Iran war The Independent UK · Sep 14
International Business Times · Sep 14 The Iran War Is Helping Send Energy Prices and Interest Rates Up. America's Debt Problem Just Got More Expensive. The yield on the benchmark 10-year U.S. Treasury note topped 5% on Monday, about a full percentage point higher than at the end of February and close to levels not seen since 2007.
The Times of India · Sep 14 US rejects IRGC claim that Panama-flagged tanker hit naval mine The US military on Monday rejected a claim by Iran’s Revolutionary Guards that an oil tanker collided with a naval mine in the Strait of Hormuz.
The Independent UK · Sep 14 What the closure of Saudi Arabia's East-West pipeline could mean for oil flows The war with Iran has plunged the world into an energy crisis
Latin Times · Sep 14 Why Oil Could Keep Rising Toward $120 After a Weekend of Attacks in the Gulf Oil surged past $108 after Saudi Arabia shut a key pipeline and a ship was struck near Hormuz. Here's what's driving the spike.
Barchart · Sep 14 Middle East Supply Constraints Lift Crude Oil Prices October WTI crude oil (CLV26 ) closed up +1.34 (+1.34%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0099 (+0.30%). Crude oil and gasoline prices settled sharply higher on Monday, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten...
AAP · Sep 14 Fuel excise cut could return as prices skyrocket again Labor is under renewed pressure to lower the tax on fuel as the cost of filling up soars amid the US-Iran conflict with no end in sight.
Latin Times · Sep 14 Trump Says U.S. Could 'Stay and Keep the Oil' in Iran, Cites Venezuela Deal President Donald Trump suggested the U.S. could remain in Iran to "keep the oil," citing a recent deal with Venezuela, as ongoing Middle East conflicts drive national gas prices higher.
The Times of India · Sep 14 ‘No help whatsoever’: Trump seeks reimbursement from nations for securing Strait of Hormuz US president Donald Trump on Monday demanded that countries benefiting from the security of the Strait of Hormuz reimburse Washington for the costs of protecting the crucial oil-shipping route, accusing nations of providing “no help whatsoever” during the conflict with Iran.
The Economic Times · Sep 14 BRICS Summit a success, we forged consensus in midst of a polarised world: EAM Jaishankar The BRICS Summit concluded successfully in New Delhi under India’s leadership. Leaders reached consensus on key issues despite a highly polarised global environment. The West Asia conflict was a challenging issue, but a joint statement was adopted. The summit emphasised reform and resilience for the Global South. Leaders also condemned…
The Times of India · Sep 14 Pakistan weighs austerity measures as US-Iran war drives up fuel prices Pakistan may bring back austerity measures to reduce fuel consumption as renewed fighting in West Asia drives up global oil prices, as news agency PTI cited Pak information minister Ataullah Tarar Monday.
The Economic Times · Sep 14 Trump says Iran wants deal as Gulf talks delayed, Houthis strike Saudi Arabia Iran wants a deal with the United States, President Trump stated on Monday. Gulf Arab states postponed a meeting with Iran as fighting widened. Yemen's Houthis attacked Saudi Arabia, targeting a military airbase with drones. Crude oil prices jumped over four percent as a key Saudi pipeline was damaged. The…