This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.

U.S. Treasury yields climbed on Wednesday, following oil prices higher, as traders also reacted to a slump in weekly claims for unemployment insurance.

Investors are increasingly readying for the Federal Reserve to hike interest rates in September.

Yemen has proven oil reserves estimated at three billion barrels, but the security environment hinders its export.

After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.

IMO chief condemns attacks on shipping in the Red Sea area The head of the International Maritime Organisation on Thursday condemned the latest reported attacks on international shipping in the Red Sea area. Houthis in Yemen attacked two Saudi Arabian oil tankers in a military operation, the group said on Thursday, and a Saudi news agency later confirmed one of the two vessels was ablaze after an assault while sailing in the Red Sea

Goldman Sachs warns on oil prices and so-called tank bottoms ( and loves a new natural gas-related name).

As of 11 a.m. eastern on Thursday, Brent crude prices were around US$100.60 per barrel as conflict in the Red Sea drove oil tanker traffic in the crucial Bab el-Mandeb strait down.

Yemen's Houthis said they had targeted two Saudi Arabian oil tankers with drones and missiles for allegedly violating its maritime blockade.

Watch: Houthi spokesperson says group targeted Saudi oil tankers Houthi military spokesman Yahya Saree said its armed forces targeted two Saudi oil tankers in the Red Sea, claiming the vessels had violated a ban imposed by the group

Iran's main military command, Khatam al-Anbiya Central Headquarters, on Wednesday warned that if the United States attacks Iranian infrastructure, Iran will block all oil exports from West Asia and target oil, gas, electricity and economic infrastructure across the region, according to media reports.

Vessel catches fire after passing through mined route in Hormuz Strait, IRGC says Iran's Islamic Revolutionary Guard Corps (IRGC) said that one of three oil tankers were set ablaze after a blastwhile attempting to pass through a mined route south of the Strait of Hormuz

Oil prices rose after U.S

US and Iran trade new threats as more explosions are reported in Iranian cities, including Sirik, Ahvaz and Bushehr.

Claimed attacks come days after Houthis announced naval embargo on Saudi vessels

Attacks on ships transiting the Bab el-Mandeb threaten to cut off millions of barrels per day of Saudi crude oil exports.

The U.S. stock market is drifting in mixed trading Wednesday, while oil prices climb another 3 per cent as fighting continues in the war with Iran.

Since taking control of Venezuela's oil exports in January 2026, the Trump administration has collected more than $13 billion in revenue from oil sales but has disclosed little about how the funds have been managed, drawing growing scrutiny from US lawmakers and analysts, Financial Times reported on Wednesday.

Here are five key things investors need to know to start the trading day.

The United States plans to announce an agreement with Saudi Arabia on Wednesday that would give the country a civilian nuclear program, according to media reports, amid renewed fighting between the Gulf oil giant and Iran-backed Houthi rebels in Yemen.

India is banking on alternative fuels as it prioritizes energy security amid high oil prices and supply constraints.

Abu Dhabi's National Oil Company will invest $6.2 billion to develop the Umm Shaif Gas Cap to expand natural gas production and liquefied natural gas exports.

Inflation fears are back in focus amid worries over escalating tensions between the U.S. and Iran in the Middle East conflict which has kept oil prices elevated

Vessel traffic through the Strait of Hormuz has slumped since U.S

UN concerned about Houthi Red Sea naval blockade threats The United Nations said that it is concerned about Houthi threats to impose a "maritime embargo" on Saudi Arabia, which could potentially trigger a fresh surge in crude oil prices, disrupt fuel supplies and have further ramifications on the global economy

Ukraine strikes Russian oil sites after major missile attack, as President Zelenskyy faces crisis over sacked minister.

Oil prices have surged around 20% this month as fighting between the U.S

The militants, in a statement carried by state news, accused the Saudis of laying an "aggressive siege" against them.

Britain's new Prime Minister Andy Burnham faces instant pressure from President Trump to "open up" North Sea oil.

Russia and Ukraine traded their heaviest strikes in months, fueling fears of escalation and further strain on oil supplies.

Russia on Sunday launched strikes across 149 Ukrainian areas and seized control of a residential settlement in the Dnipropetrovsk region, while Ukraine launched long-range attacks on fuel infrastructure inside Russia and oil tankers in the Black Sea, in a fresh wave of tit-for-tat attacks between the two countries.

IRGC says Iran targeted two oil tankers in Hormuz Strait TheIslamic Revolutionary Guard Corps (IRGC) announced targeting "two offendingoil tankers" attempting to travel through the Strait of Hormuz

Spain took home their first World Cup since 2010 after a 1-0 victory over 10 man Argentina.

One seafarer was killed and three were injured in attack on the crude oil tanker Al Bahyah off Oman's coast on Tuesday.

The update comes as analysts raise concerns about the prospect of global olive oil supplies swinging dramatically from one season to the next.

Oil prices rose Friday as investors weighed escalating threats between the U.S

A major return to fighting between the two sides would not only add to Yemens humanitarian crisis but also shake energy markets and the Saudi economy, which is already navigating the Iran war. 'No easy solution' Since Iran has attempted to assert its control of the Strait of Hormuz, the Red Sea has become the main artery for Saudi Arabian oil exports

Treasury yields rose Thursday as oil prices remained elevated on mounting tensions between the U.S

What Brian Sullivan is hearing from energy insiders.

Oil producers are building or contemplating new pipeline projects to bypass the Strait of Hormuz, but this infrastructure is still vulnerable, analysts said.

Iranian media report explosions on Qeshm Island, Bandar Abbas and Chabahar as Bahrain and Kuwait sound air raid sirens.

They'll be defeated very soon," Trump said in remarks Fighting has flared between the two sides despite an agreement to extend their spring ceasefire and conduct peace talks. In an interview with Fox News aired late on Tuesday, Trump said he had ordered the military to avoid strikingIran's oil facilities, but refused to rule out seizing Kharg Island again, Iran's main export hub

Ukraine released video of strikes on 20 Russian vessels in the Black Sea, including 17 oil tankers.

As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S

Oil prices rose Wednesday after U.S

US supports efforts by Iraq and Syria to reconstruct oil pipeline The US is supporting efforts by Iraq and Syria to reconstruct a crude oil pipeline running between the two countries, which could bypass the Strait of Hormuz, a State Department official told Reuters on Tuesday

Millions lost power as Cubas fifth nationwide blackout of 2026 hit amid a US-imposed oil blockade.

Oil prices rose on Tuesday after U.S

Iran says oil exports ongoing, despite cancellation of US waivers Iran's oil exports are continuing as usual in spite the US cancelling its60-day waiver of oil sanctions last week,oil minister Mohsen Paknejad said

Oil markets reel as President Trump revives his naval blockade in the Strait of Hormuz and demands a 20% toll charge.

While the proposed levy would raise shipping costs, an escalating conflict could remove barrels from the market altogether.

Brent crude nears $85 a barrel amid renewed hostilities between Washington and Tehran.

US President Donald Trump says the US should be paid by rich oil-producing Gulf nations to secure the Strait of Hormuz

The Strait of Hormuz is a major oil shipping route and the epicenter of the U.S

Business executives making 'contingency plans' for UAE-Saudi Arabia feud Submitted by MEE staff on Mon, 07/13/2026 - 21:04 Some law firms are selecting work that avoids antagonising the two rivals, while investors are navigating a new environment This picture, taken on 31 March 2026, shows the King Abdullah Financial District in the Saudi capital, Riyadh (Fayez Nureldine/AFP) Off Business executives are making contingency plans in case a growing feud between Saudi Arabia and the UAE escalates in the oil-rich Gulf region, amid signs that the two neighbours are embroiled in an economic war of attrition

Under the terms of the deal, Iran scaled back its uranium enrichment programme and pledged not to pursue nuclear weapons. In exchange, international sanctions were lifted, allowing Tehran to sell its oil and gas worldwide

Ship traffic has fallen as the security situation in Hormuz rapidly deteriorated

Oil prices rise again amid ceasefire fractures