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01.08.26 - 22:30
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Airspace Lockdown Looms: US Warns Americans Get Out Of Mideast As Iran Targets Kuwait Again (ZeroHedge)
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Airspace Lockdown Looms: US Warns Americans Get Out Of Mideast As Iran Targets Kuwait Again
There were no Friday night into Saturday morning US attacks on Iran, after President Trump warned he has given an order to hit Iran 'hard' - though didn't disclose a timeline. Friday reports in The Wall Street Journal, CNN, and Axios strongly suggested that large US strikes would commence at some point this weekend, as the region remains on edge.
The only new and recent attacks have been more apparent Iranian drone strikes on Kuwait. Kuwait's Foreign Ministry on Saturday has confirmed Iran's "continued aggression" against it after a drone attack earlier targeted "vital installations".
Kuwait City file image
The ministry called out the attacks as a "flagrant violation" of Kuwait's sovereignty which reveal a "determination to persist in a hostile approach." It said the country reserves the right to “take all necessary measures” to protect its security an...
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01.08.26 - 12:36
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Indian Oil ramps up spot crude purchases as Middle East disruptions hit supplies (Times of India)
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Indian Oil Corporation has significantly increased its spot crude purchases to nearly eighty-four percent. This strategic shift occurred after Middle East supply routes faced disruptions. The company also diversified imports from West Africa and Latin America. Despite higher crude costs, Indian Oil reported its highest-ever first-quarter crude throughput. Fuel sales and market share saw notable increases during the period....
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01.08.26 - 12:30
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Indian Oil Buys Record Spot Market Crude on Mideast Supply Hit (Bloomberg)
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Indian Oil Corp. bought a record share of its crude oil from the spot market in the April-June quarter after the US-Iran conflict upended supplies from the Middle East. The shift shows how geopolitical turmoil is forcing even the region's biggest buyers to abandon long-established procurement strategies....
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30.07.26 - 15:00
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Only the Middle East crisis is preventing a drop in UK interest rates (The Guardian)
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Bank's wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere is a threat of high inflation coming to the UK, but only from the conflict in the Middle East which could keep oil prices high for much longer than was expected when Donald Trump first began attacking Iran.It is the war that makes the difference between a benign outlook for inflation and one that puts it back on a rising trajectory, top UK central bankers believe. Continue reading......
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