As Donald Trump and Xi Jinping prepare for a high-stakes meeting at the White House, the shadow of the Iran conflict looms large. With billions of dollars already spent and no clear end in sight, Washington is searching for ways to contain a crisis that threatens to destabilise the wider Middle East. This raises an…
3 min readUpdated: Sep 8, 2026 05:02 PM IST Yemen’s Iran-aligned Houthis attacked targets in southern Saudi Arabia Tuesday, wounding at least 73 people and disrupting operations at some energy facilities, including Aramco, as the latest escalation raised fears that the Iran conflict could widen into a broader regional war. At least 73 people were…
The exact reason behind why the United States suddenly paused its military campaign against Iran after 13 straight days of attacks remains unclear. However, Vice President JD Vance and Chairman of the Joint Chiefs of Staff Gen. Dan Caine reportedly raised concerns over further escalation and US weapons stockpiles before the decision. President Donald Trump…
Gas prices in the United States are rising again after fighting between the US and Iran started once more. Earlier, many Republicans believed falling gas prices would help improve voters’ views on inflation before the midterm elections. But that hope has weakened because the Iran peace deal backed by President Donald Trump has fallen apart…
HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share,…
A sharp rise in oil prices tied to the US-Israel confrontation with Iran is likely to speed up the global transition to electric vehicles, strengthening a shift that has already helped China overtake Japan as the world’s top car seller, according to South China Morning Post. Crude prices have surged past $100 a barrel amid…
Global oil markets swung both ways for a second straight day on Tuesday as mixed signals from the Trump administration about the war in Iran and security in the Strait of Hormuz caused panic among investors and energy traders. Galaxy Globe bulk carrier and Luojiashan tanker sit anchored in Muscat, as Iran vows to close…
Tehran: Tehran has responded to US President Donald Trump’s remark about ending the war in Iran, saying it will be the one who will “determine” when the military actions against American and Israeli targets cease. Iran’s Islamic Revolutionary Guard Corps (IRGC) stressed that equations and the future status of the region are now in the…
The US State Department has called on all American nationals in the Middle East to leave as soon as possible through commercial means days after tensions in the Middle East escalated, following the US-Israel joint attack on Iran. Assistant Secretary for Consular Affairs, Mora Namdar, issued a list of several locations, including the UAE, Saudi…
China on Monday issued its first reaction to the escalating US-Iran conflict, urging efforts to prevent the fighting from spreading further across the region. Beijing’s foreign ministry urges restraint after Middle East tensions escalate (AFP) In a statement, the China foreign ministry said on the Iran conflict: “Prevent spillover of fighting.” “The most urgent task…