United States Department of Defense (DoD) press secretary Air Force Brig. Gen. Pat Ryder confirmed on Tuesday that the Houthis attacked American ships in the Bab-el-Mandeb strait. Two American destroyers, USS Stockdale and Spruance, “were attacked by at least eight one-way attacks and two unmanned aerial systems, five anti-ship ballistic missiles, and three anti-ship cruise missiles,” …
Continue reading “Pentagon confirms Houthis attack on US vessels”
OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China. Global oil consumption will increase by 1.8 million barrels a day — just under 2% — in 2024, the Organization of Petroleum Exporting Countries in a monthly report. …
Continue reading “OPEC Cuts Global Oil Demand Growth Forecasts For a Fourth Consecutive Month”
United States President-elect Donald Trump met Israeli Minister of Strategic Affairs Ron Dermer (pictured) at Mar-a-Lago on Sunday to discuss major Middle East issues, Axios reported, citing two US officials familiar with the meeting. The agenda included the ongoing Gaza and Lebanon conflicts and concerns over Iran, as Trump prepares for his upcoming presidency. According …
Continue reading “Trump meets with Netanyahu’s envoy on Middle East issues”
WTIbroke below $70 per barrel on Monday as Hurricane Rafael weakened to a storm that is unlikely to cause any damage to U.S. oil production in the Gulf of Mexico. Separately, oil benchmarks got depressed by trader pessimism about Chinese oil demand after the country’s ruling party announced its latest stimulus package, which underwhelmed, according to …
Iranian Foreign Minister Abbas Araghchi insisted on Saturday that his country did not orchestrate an assassination attempt on former and incoming United States President Donald Trump. “Now, with another election, a new scenario is fabricated with the same goal: as a killer does not exist in reality, scriptwriters are brought in to manufacture a third-rate …
Continue reading “Iran did not plot to assassinate Trump, FM reiterates”
Donald Trump has won Arizona, securing all seven swing states in the 2024 election and flipping the state back to the Republican side, CBC News and CNN projected late Saturday. This result concludes the count with Trump securing 312 Electoral College votes, while Kamala Harris finishes with 226. With Arizona’s 11 votes, Trump’s victory represents …
Continue reading “Trump flips Arizona, completes swing-state sweep”
US warplanes launched targeted strikes against advanced weapons storage sites controlled by Iran-backed Houthi forces in Yemen on Saturday night, the Pentagon confirmed. Officials emphasized that the strikes were precise and intended to minimize risk to nearby areas, though further details on the extent of damage remain undisclosed. Hezbollah launches rocket barrage at northern Israel …
Donald Trump plans to renew the so-called ‘maximum pressure’ campaign against Iran, to further isolate Tehran and hamper its ability to support its proxies in the Middle East, The Wall Street Journal reported, quoting sources briefed on the president-elect’s early plans During his first term in office, Trump tore up the so-called Iran nuclear agreement, formally …
Continue reading “Trump Set to Renew Maximum Pressure Policy on Iran”
Citi analysts forecast lower oil prices next year due to potential import tariffs and increased oil production encouraged by the incoming US administration. The new administration’s influence on OPEC+ and domestic energy policies could further impact oil prices. While pro-growth energy policies might lead to higher production, they could also depress prices due to increased …
Continue reading “Citi Sees Oil Prices Dropping to $60 Under Trump”
Mr Trump swept to victory in Tuesday’s presidential race that Democrats cast as a referendum on abortion rights and protections for women. Some women are now threatening to punish men for voting for Trump, taking inspiration from a Korean feminist movement that vows to withhold sex from men in order to redefine the gender power balance. Interest …
Continue reading “Liberal women going on sex strike over Trump win”