Latest News, Analysis & Explainers

Houthi missile and drone attacks on Saudi Arabia have reignited the Yemen conflict, drawn Pakistan and Iran into a diplomatic confrontation and added new pressure to global oil and shipping markets.

Oil prices remain sensitive to geopolitical tensions, supply risks and developments around the Strait of Hormuz. Here’s why Brent crude is volatile in 2026 and what disruptions could mean for inflation, energy markets and the global economy.

Why does the Strait of Hormuz matter to India? This explainer examines oil, LPG and LNG flows, shipping risks, India's energy dependence and lessons from the 2026 disruption.

US President Donald Trump said on July 8, 2026, that the interim ceasefire with Iran is effectively over, calling further negotiations "a waste of time." His remarks came during the NATO summit in Ankara following renewed US military strikes and escalating tensions in the Middle East.

The United States launched a major round of strikes against Iran after attacks on commercial ships in the Strait of Hormuz. According to CENTCOM, more than 80 military targets were hit, including air defence systems and missile sites, further escalating tensions in the Middle East.

Donald Trump announced that the Strait of Hormuz is expected to be fully reopened by Friday following a reported US-Iran agreement. The development could restore normal shipping activity through one of the world's most important oil transit routes and influence global energy markets.