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Saudi Aramco says it can keep oil flowing if Hormuz hit

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By Heesu Lee on 6/25/2019 SEOUL (Bloomberg) –Saudi Arabian Oil has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the CEO of the state-run producer.“We are increasing our readiness,” Amin Nasser said in an interview in Seoul on Tuesday. “We can supply Read More

Iran says talks with US are impossible amid fresh sanctions

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Iran’s UN ambassador is warning that the tensions on the Persian Gulf are “very dangerous” and said that talks with US are impossible amid the escalation of sanctions. It comes as US President Donald Trump signed off “hard-hitting” sanctions against Iran which he says will target the country’s supreme leader Ayatollah Ali Khamenei. Ambassador Majid Read More

Trump signs off sanctions targeting Iran’s supreme leader

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US President Donald Trump has signed off “hard-hitting” sanctions against Iran which he says will target the country’s supreme leader Ayatollah Ali Khamenei. The moves comes amid escalating tensions between the two countries after Tehran shot down an American drone last week. Speaking in the Oval Office at the White House, Mr Trump said he Read More

Trump signs off sanctions ‘targeting Iran’s supreme leader’

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US President Donald Trump has signed off fresh sanctions on Iran which he says will target the country’s supreme leader Ayatollah Ali Khamenei. The moves comes amid escalating tensions between the two countries after Tehran shot down an American drone last week. Speaking in the Oval Office at the White House, Mr Trump said he Read More

Dubai crude structure softens despite Middle East conflict escalation

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Market structure for Middle East sour crude led by Dubai futures slackened in mid-morning trading in Asia on Monday, despite heightened geopolitical tensions in the region. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Dubai’s discount to Brent on the August EFS (Exchange Futures for Swaps spread) widened as Read More

Crude oil futures higher amid escalating tensions in the Middle East

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Singapore — Crude oil futures were higher during mid-morning trade in Asia Monday as tensions in the Middle East heightened following an attack on a Saudi airport on Sunday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:25 am Singapore time (0325 GMT), ICE Brent August futures rose Read More

1 killed, several injured in Houthi’s drone attack on Saudi airport

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The Houthi rebels have targeted the Abha International Airport in the southern part of Saudi Arabia, killing one person and injuring 7 others. The attack took place as US Secretary of State is on his way to the country. The Saudi-led military coalition, which announced the casualties, didn’t specify how the attack was carried out, Read More

UK sends envoy to Iran over ‘concerns about its conduct’

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Britain is sending a minister to Iran to “raise UK and international concerns about Iran’s regional conduct”. Dr Andrew Murrison, minister of state for the Middle East, will head to the country on Sunday and demand a de-escalation of tension in the Middle East. He will also discuss worries over Iran’s threat to stop complying Read More

Facebook reverses ban on Led Zeppelin nude children album artwork

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Facebook has again backtracked on banning an image for violating its nudity rules following an angry backlash. This time it was Led Zeppelin’s Houses of the Holy album cover that was censored. The social media network said it had received complaints about a post by the Ultimate Classic Rock (UCR) website featuring the famous artwork Read More