Houthis struck Aramco's Jizan refinery and Yanbu export terminal on July 25 with dozens of ballistic missiles and drones, the first such strikes on Saudi oil infrastructure since 2022, completing what analysts describe as a dual-chokepoint trap that has pushed Brent back above $100 and left the world's oil supply with nowhere safe to go.
Read Full ArticleThe US-Iran war's second phase erupted over a disputed Strait of Hormuz clause, with conflicting interpretations triggering renewed military conflict.
Trump reimposes blockade on Iranian ports, declares US 'Guardian of the Strait of Hormuz,' and imposes a 20% cargo toll amid renewed US-Iran tensions.
Saudi Aramco has cut Arab Light crude prices for Asian buyers by $11 per barrel for August deliveries, the largest single-month price reduction in at least 26 years, as the Strait of Hormuz reopens, Brent retreats to $72, and a global supply surge shifts market power sharply toward buyers.
India will send Minister of State Pabitra Margherita and Bihar Governor Lt Gen Syed Ata Hasnain to represent the country at Ayatollah Khamenei's state funeral in Iran, scheduled July 4–9.
Iran warns of unprecedented retaliation as U.S. threats over its nuclear program intensify, raising legal, diplomatic, and geopolitical concerns.
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