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Middle East

In recent weeks, the US has repeatedly signalled that a deal to open Hormuz could be close, only to have Iran deny that talks are under way.

Global Enterprise

Iran says Hormuz deal with Oman is ‘very close’, but demands must be met before reopening

UAE says Iran had attacked a carrier affiliated with the UAE’s state oil company

2026-08-09T00:46:50.000Z

Israel launched a series of retaliatory strikes in southern Lebanon (above) following the killing of its soldiers.

Israel strikes south Lebanon after 2 Israeli soldiers killed, despite peace talks in Rome

The two soldiers were killed and four others wounded by an explosion in a building they had entered

2026-08-06T07:46:53.000Z

Iran’s leaders appear to believe they can tolerate economic pressure longer than a US-led coalition can tolerate recurring disruption to global commerce and energy markets.

Global Enterprise

NEWS ANALYSIS

Can Iran outlast the US? How Teheran is widening its pressure campaign to force concessions

Teheran believes Trump will yield under pressure, sources say

2026-08-04T04:17:10.000Z

As the conflict drags on, attacks have spread across the Gulf to the Red Sea and even a Mediterranean facility in Egypt.

Global Enterprise

Trump says he will hold off on fresh Iran attack in hope of a quick deal on nuclear threat, Hormuz

Middle Eastern nations have asked for time to complete an agreement leading to the strait’s reopening, he adds

2026-08-02T13:44:03.000Z

The aftermath of an attack near the Ryazan oil refinery in Russia’s Ryazan region on May 15, amid the Russia-Ukraine conflict.

Energy & Commodities

High fuel prices to endure as global conflicts hit refining capacity, warn Exxon and Chevron

Nearly 10% of the world’s ability to refine crude oil is effectively offline

2026-08-02T07:51:48.000Z

Israeli strikes killed at least six Palestinians in Gaza on Jul 30, including two children, medics said.

Global Enterprise

Trump says deal reached under ‘Board of Peace’ plan for Hamas disarmament

Hamas leaders held talks with mediators from Egypt, Qatar and Turkey on the second phase of Trump’s Gaza plan

2026-07-31T01:56:50.000Z

A Lockheed Martin Patriot missile model at a military fair in Poland on Sep 7, 2017. The firm secured a major long-term missile production deal with the Pentagon on Jul 29.

US Pentagon awards mega contracts to defence firms as Iran war strains US weapons stockpiles

Among them is a US$59 billion, seven-year agreement with Lockheed Martin to bolster production of Patriot interceptors

2026-07-30T01:05:17.000Z

Iran needs to rearm after months of fighting in which the US and Israel have struck facilities linked to its missile, drone and air-defence programmes.

Iran to get Chinese shoulder-launched missile systems in weeks amid war with US: sources

China says report is groundless, Pakistan denies involvement in transfers

2026-07-30T00:40:03.000Z

Iran effectively shut the strait to ships other than its own after the US and Israel attacked on Feb 28.

Global Enterprise

Oman presents Iran with Gulf-backed plan for voluntary fees for Hormuz transit; US rejects tolls

Saudi Arabia says its air defences intercepted and destroyed several drones targeting oil facilities

2026-07-28T23:40:06.000Z

After 13 straight nights of attacks on Iran, US forces did not announce any overnight strikes on Jul 25.

Global Enterprise

Trump holds off on major escalation against Iran amid fears over dwindling US missile interceptor stockpiles

One official expressed doubts that resuming major combat operations would drive Iran back to the bargaining table

2026-07-26T01:51:31.000Z

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