WorldThe UK reports that two container ships were attacked in the Strait of Hormuz. Fox News chief foreign correspondent Trey Yingst reports on the latest escalation in the Middle East.
WorldThe UK reports that two container ships were attacked in the Strait of Hormuz. Fox News chief foreign correspondent Trey Yingst reports on the latest escalation in the Middle East.
WorldThe Iran-backed group struck Saudi Aramco’s headquarters and multiple cities in the kingdom, using missiles and drones.
EconomyWith gas at $4 per gallon, mortgage rates at 7% and airfares surging, the Iran war is sharply increasing living costs for consumers facing inflation. Mark Zandi, chief economist at Moody’s Analytics, estimates the conflict has cost US consumers about $265 billion since late February—roughly $2,000 per household.
WorldQatar’s Emir Sheikh Tamim bin Hamad Al Thani said the country had faced “exceptional events” amid the US-Israeli war on Iran. He called for stronger Gulf cooperation to secure shipping through the Strait of Hormuz and protect critical infrastructure, condemned Iranian attacks as violations of Qatar’s sovereignty and international law, and reaffirmed its commitment to diplomacy and self-defence.
PoliticsQatar’s Emir Sheikh Tamim bin Hamad Al Thani described a challenging year for the country because of the war with Iran. Opening the Shura Council, he said Qatar would continue to play a central role in regional mediation and also addressed economic challenges caused by reduced revenues.
WorldSaudi Arabia says it faced new missile and drone attacks, while the Saudi-led coalition reported intercepting threats targeting the kingdom. The escalation follows deadly weekend attacks and heightens concern that the conflict may widen. Analysts warn oil could reach $120 a barrel if fighting expands and disrupts more supply routes. Asian stocks extend losses as the AI trade weakens, while global bond markets remain in focus.
WorldInternational Energy Agency chief Fatih Birol says the world is facing its biggest-ever energy crisis. More than seven months into the US-Israel war on Iran, disruptions to shipping through the Strait of Hormuz have driven fuel prices higher, interrupted supply chains and raised fears of a serious shortage, with little relief in sight.
EconomyIran's economy has endured years of sanctions, and the conflict that began in February with US-Israeli attacks and a US blockade of Iranian ports has added to pressure on daily life. Official figures put September inflation at nearly 90 percent year on year; volatile exchange rates have raised everyday costs, and food prices have more than doubled since last year.
World17:59Oil prices rose Thursday amid continuing concerns about global supply. A record number of tanker attacks pushed Strait of Hormuz crossings to a two-month low. Preliminary Kpler data showed only seven tankers transited Tuesday, less than half the seven-day average and the fewest since July 23. The United States moved all long-range bombers based in the UK back to US bases on Sunday.
World1:12:09Oil fell after Donald Trump said the US would not attack Iran before November’s midterm elections, indicating more than three weeks without offensive military action against Tehran. Iran has escalated attacks in the waterway, raising risks to vessels carrying crude, while Trump said the US naval blockade of Iranian ports would remain fully in effect.
WorldIran’s state broadcaster reports explosions in the southern Strait of Hormuz. Trump says talks with Tehran are productive and the US will not attack before next month’s midterm elections. The US blockade of Iranian ports remains in place, while oil continues to pass through the waterway. Jennifer Parker of the University of Western Australia weighs in.
EconomyOpenAI expects annualized revenue to reach or exceed $70 billion by year-end, with enterprise growth providing much of the boost, Bloomberg has learned. The S&P 500 is poised to rebound after two days of losses as oil prices fell and concerns about the staying power of the AI investment boom eased. Trump said on social media that the US would not attack Iran before November’s midterm elections.
World46:04Oil prices rise as attacks continue in the Strait of Hormuz, despite Donald Trump saying the US will not attack Iran before the midterm elections. Asian stocks slip amid jitters over US technology shares, and Bahrain’s borrowing costs reach a six-year high. OpenAI expects annualized revenue to climb to $70 billion by the end of 2026, from a $50 billion run rate in September, as it discusses a funding round exceeding $30 billion. France’s fiscal concerns remain in focus.
World9:00Trump posted on Truth Social that the US would not strike Iran again before the midterm elections. Former State Department official Jen Gavito called it unusual for a president to signal an attack, and said military strikes cannot be the strategy or end goal in themselves, even if the US attacks Iran again.
Politics18:16NBC News journalists discuss U.S. military options in Iran ahead of the midterms, as rising gas prices pressure the White House to end the war. The discussion also covers Iowa and other closely contested midterm races.
World10:17Donald Trump says the United States will not attack Iran at any time before the midterm elections in early November. His remarks follow US media reports that the Pentagon was preparing plans for fresh strikes and a return to combat operations.
WorldReuters examines whether Trump will hold off on striking Iran until after the midterm elections.
PoliticsBloomberg Television's Balance of Power discusses the latest from the White House, including Trump, Iran and the midterm timeline, as well as the White House's comments on Iran, oil and diplomacy.
Politics1:39Donald Trump said the US would not attack Iran before November’s midterm elections, citing what he described in a social media post as “productive discussions” with the Islamic Republic.
WorldFox News chief foreign correspondent Trey Yingst reports that the Pentagon has directed U.S. Central Command to finalize preparations for combat operations against Iran, as Trump considers renewed strikes before the midterm elections.
WorldOil rose as The Atlantic reported that President Donald Trump is considering a plan to strike Iran before the US midterm election.
WorldIn Cairo's Manshiyet Nasser district, nearly 120,000 residents process a third of the megacity's waste each day. Informal recyclers, long marginalised, are undergoing a major transformation amid geopolitical tensions in the Strait of Hormuz, a route usually used to transport polyethylene from the Gulf.
EconomyRenewed Middle East tensions pushed Brent crude above $102 a barrel, bringing the global stock rally to a halt. The programme also said the White House had reportedly asked the Pentagon to draw up strike options.
EconomyAsian stocks slipped as higher oil prices fueled inflation concerns, while Samsung’s miss added to a shaky session in Asia.