Iran war

Prices swing higher after dropping nearly US$2 on Oct 27

The Houthis have escalated their attacks on Saudi Arabia since September

With the possibility of all sides seeking pretexts for action, the conflict is entering a dangerous phase

The US president has suggested that strikes on Iran could resume after the Nov 3 midterm elections

Most global carriers still have a suspension in place

Iran is now bracing for a fresh US bombing campaign around the midterms

Its foreign minister says country ‘is prepared to give diplomacy another chance’ if US expresses sincere desire to end conflict

Some officials say one more big round of attacks could push the Iranian economy over the brink

Deaths are of a Filipino and a Nepali; kingdom’s energy ministry says field’s operations unaffected