Yemen’s Houthi fighters claim to have attacked shipping in the Red Sea – a move that threatens to further escalate the already volatile situation in the Middle East. By forcing ships to turn back from the narrow Bab El Mandeb strait, they have threatened to choke off the main maritime route from Europe to Asia….
The price of Brent crude has reached its lowest since February 27, before the war started. Published On 25 Jun 202625 Jun 2026 Oil prices have extended their decline to levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns. Prompt-month Brent crude…
Oil is trickling out of the Persian Gulf as stranded tankers take advantage of the fragile détente between the United States and Iran to cross the Strait of Hormuz. The preliminary deal signed this week by the two countries to try to end the war promised a formal reopening of the strait, a narrow waterway…
It’s a common refrain: The middle class is hollowing out; Americans overall are increasingly falling short financially while a few are getting exceedingly rich. There’s even a scoreboard of inequality. We’ve persuaded ourselves that many families can no longer achieve the American middle-class dream the way their parents once did. It’s a political hot button,…
The title song to Azniv Korkejian’s fourth album as Bedouine, Neon Summer Skin, recreates a perfect day from childhood. “Being taken to the pool, where my only worry is being dragged away when the sun’s setting,” she says, calling from Los Angeles. “Later on, mom and dad wash me in the tub and put me…
For many Muslims in the Middle East, another Eid arrived this week with little joy, under the shadow of war. Eid al-Adha, which marks the sacred Hajj pilgrimage to Mecca, began on Wednesday. In a region battered by conflict, the festive holiday — known to some as the “Big Eid,” compared with Eid al-Fitr, which…
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Global oil reserves plunged at a record pace in April, as the conflict in the Middle East strains supplies and raises the risk of a further sharp jump in prices ahead of the summer travel season….
Oil prices pulled back on Tuesday after a sharp increase a day earlier. They had surged on Monday as the fragile truce in the Middle East appeared to be in jeopardy. The United Arab Emirates said it had been attacked by Iran, while the U.S. military said Iran had fired at the ships and commercial…
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Trump administration is seeking to fast-track $8.6bn of arms sales to allies in the Middle East to fortify them against attack from Tehran during the US-Israeli war against Iran. Secretary of State…
A potential pullback by Middle East sovereign wealth funds could drain hundreds of billions of dollars from the artificial intelligence boom and threaten key data center projects, according to tech investor Jack Selby. Middle East investors — including sovereign wealth funds and government entities — account for roughly a quarter of global investments committed to…
