Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100
Fears that disruption could widen further to block another sea route sent global oil prices surging in one of the steepest rises of the war
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[Vantage Point] Oil’s false prophets
Why oil forecasts fail when war, inventories, and China rewrite the math
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Iran war spreads to Red Sea and Caspian, Gulf quiet as US forgoes strikes
The US military says its naval blockade against Iran ‘remains in full effect’ but did not explain why it halted a streak of 13 nights of escalating strikes
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Another fuel price hike set for July 28
The increase follows last week’s big jump, when diesel rose by P10.68 per liter and gasoline by P3.65 per liter
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Major Gulf fighting restarts as US and Saudi strike Iran’s allies in Iraq
(1st UPDATE) Washington and Riyadh say they jointly struck Iran-backed armed groups in Iraq in retaliation for drone attacks on Saudi oil targets
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US strikes Iran as widening war engulfs more countries
‘The strikes are a powerful response to yesterday’s attempted Iranian attacks on US forces based in the Middle East,
says the US Central Command -
Drone strike at Egypt port near Suez Canal ignites new shipping risks
The drone strike on the two gas tankers in Egyptian waters renews energy security concerns about the nearby Suez Canal and a related pipeline, a vital export route for Saudi Arabian oil since the beginning of the Iran war
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Trump says he will hold off on fresh Iran attack in hope of quick deal
(1st UPDATE) US President Donald Trump’s apparent de-escalation after days of threats of new attacks from each side marks the latest turn in the war the US and Israel launched five months ago
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Iran says no talks are underway with United States after Trump calls off attacks
(1st UPDATE) Iran’s Foreign Ministry spokesman Esmail Baghaei says the only talks underway are discussions with Oman over management of the Strait of Hormuz
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US has used ‘virtually all’ of its long-range precision missiles during Iran war, sources say
The degree to which the military is running out of Army Tactical Missile Systems and Precision Strike Missiles has not been previously reported
