Saudi Arabia says it intercepted a Houthi ballistic missile aimed at Riyadh as attacks intensify around oil infrastructure and Red Sea trade routes.
Saudi Arabia’s East-West pipeline shutdown could cut global oil supplies by 4% if repairs drag on, raising energy and inflation risks.
US military casualties in the Iran conflict have risen to 17, accompanied by increased US military deployments and retaliatory strikes, impacting global economic and security dynamics.
The US is advancing plans to restore an Iraq-Syria oil pipeline to bypass the Strait of Hormuz, aiming to reduce Iranian influence and diversify energy export routes amid rising Middle East tensions.
Iran held a private funeral for former Supreme Leader Ali Khamenei amid ongoing U.S.-Iran tensions, with uncertainties around leadership succession and renewed regional hostilities.
Germany urges the EU and Turkey to exclude Russian gas in future contracts, reflecting a strategic shift as Turkey seeks to become a regional gas hub amid evolving geopolitical tensions.