Azmanjaka | E+ | Getty Images Private chefs are making up to $300,000 a year, and butlers can earn as much as $180,000 as the wealthy hire more household staff to manage their increasingly complex lives, according to a new study. Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached…
US Secretary of State Marco Rubio has said Iran will not be permitted to charge tolls or fees for vessels transiting the Strait of Hormuz under any final agreement with Washington, exposing one of the biggest points of friction in negotiations aimed at ending months of conflict across the Middle East. The dispute comes after…
The war with Iran has pulled the American oil industry out of a slump, raising corporate profits and spurring some companies to drill more wells. U.S. oil production is now forecast to grow modestly next year, topping 14 million barrels a day for the first time, according to the Energy Information Administration. The federal agency…
At least 20 oil tankers have crossed the Strait of Hormuz since the U.S. and Iran began to reopen the sea lane to commercial ship traffic, according to the trade intelligence firm Kpler. Tanker transits on Thursday hit the highest level since June 2, the firm said. However, traffic is still below prewar levels when…
President Trump, in a sudden reversal, announced on Tuesday evening that the United States was pausing “for a short period of time” efforts to help guide ships through the Strait of Hormuz, which Iran has effectively blocked to most commercial ships for weeks. The president’s announcement came one day after the effort began. He said…
When the United Arab Emirates announced last week that it would withdraw from OPEC, the move reverberated beyond global oil markets. It was the latest sign that the Emirates’ once close partnership with another Persian Gulf powerhouse, Saudi Arabia, had fractured into open rivalry. Saudi Arabia has historically been the dominant voice within OPEC —…
Iranian commander says US military attacked two passenger boats, not IRGC vessels, in the Strait of Hormuz on Monday. Iran has accused the United States of killing five civilians in the Strait of Hormuz, saying its forces attacked passenger vessels in the waterway rather than boats belonging to the Islamic Revolutionary Guard Corps (IRGC) as…
Oil prices jumped Monday after Iran attacked the United Arab Emirates, jeopardizing a fragile ceasefire agreement between Tehran and Washington. International benchmark Brent crude futures rose nearly 6% to close at $114.44 per barrel. U.S. West Texas Intermediate futures advanced more than 4% to settle at $106.42 per barrel. The UAE’s Defense Ministry said in a social media post…
The Trump administration has authorized more than $8.6 billion in emergency arms sales to partners in the Middle East as negotiations to end the U.S.-Israeli war with Iran remained at an impasse. The State Department announced the sales in a series of statements on Friday night. The sales would entail the transfer of rockets to…
The Israeli military deployed its Iron Dome missile defense system in the United Arab Emirates during the Iran war, according to two people familiar with the move, a remarkable display of defense cooperation between Israel and an Arab nation. Iron Dome was developed by Israel to intercept incoming short-range rocket fire and has been a…
