Saudi Red Sea oil shipments go dark as Houthi attacks escalate
Saudi crude loadings from Yanbu are now conducted without AIS signals, creating wide discrepancies in export data.
Economy
Ukraine and Moldova Agree on 50% Rail Cargo Discount Amid Black Sea Blockade
Ukraine and Moldova have agreed to a 50% discount on rail cargo shipments until year-end, helping maintain grain exports despite Black Sea port disruptions.
Oil prices climb as Middle East shipping attacks stoke supply fears
Oil prices rose on Wednesday after attacks on ships in key Middle East straits and deadlocked US-Iran talks raised supply concerns.
US opens 81 million Gulf acres for oil and gas drilling in third mandated sale
The US will auction 81 million Gulf of Mexico acres for oil and gas drilling, the third sale mandated by a 2025 law.
Houthi Missile Strike on Saudi Vessel Kills Six in Bab el-Mandeb
Six killed in Houthi missile attack on a commercial vessel in the Bab el-Mandeb strait; video claims show a Saudi ship ablaze.
July US inflation data to show if price pressures are easing
July US inflation data will show if price pressures are cooling, with economists expecting a slight easing from June's 3.5% annual rate.
Zhu Rongji, Former Chinese Premier and Economic Reformer, Dies at 98
Zhu Rongji, the former Chinese premier who drove market reforms and WTO accession, has died at 98 in Beijing.
US travel body warns visa bond expansion could hurt economy
US Travel Association warns expanding the visa bond program beyond 50 pilot countries could damage the economy and travel sector.
Rhine at Record Low, Shipping Halted at Key German Chokepoint
Record-low Rhine water levels at Kaub halt river shipping, disrupting German industry and forcing rail freight alternatives.
Houthi Attack on Ship Kills Three Pakistanis, Pakistan Says
Three Pakistani nationals were killed in a Houthi attack on a ship off Yemen, prompting condemnation from Islamabad.
Houthi Strike on Red Sea Cargo Ship Kills Four Crew Members
Four crew members, including three Pakistanis, died in a Houthi attack on a cargo ship in the Bab el-Mandeb Strait.
Ukraine Grain Exports Plunge 76% in Early August Amid Black Sea Attacks
Ukraine's grain exports fell 76% in early August as Russian attacks on Black Sea ports and vessels disrupted shipments.
Two major grain terminals at Novorossiysk suspend operations after drone strikes
Two major grain terminals at Russia's Novorossiysk port halted operations after Ukrainian drone strikes caused damage and killed at least two people.
Romania's July inflation eases to 8.16%, but drought and politics weigh on outlook
Romania's inflation slowed to 8.16% in July, less than expected, with drought, energy prices and political instability clouding the outlook.
Nigeria weighs crude supply changes to ease refinery feedstock costs
Nigeria considers crude allocation and pricing reforms to improve refinery feedstock access, with producer compliance now above 90%.
Sweden clears Boliden's Laver copper mine, pending court review
Sweden approves Boliden's Laver copper mine, a project that could double national output and boost EU supply by 10%.
Chery's South Africa Plant Buy Signals Chinese EV Push Into Africa
Chinese automakers are shifting to local manufacturing in Africa, with Chery acquiring a Nissan plant in South Africa to build EVs.
Strait of Hormuz vessel count hits one-week low as attacks persist
Vessel traffic in the Strait of Hormuz fell to eight ships on Tuesday, a one-week low, as owners steer clear amid ongoing Middle East hostilities.
Global flashpoints and US inflation data keep markets on edge
Geopolitical tensions and a key US inflation report are vying for market attention, with oil prices rising and rate expectations shifting.
Ukraine Halts Drone Attacks on Tankers at Russian Port After US Appeal
Ukraine has paused drone strikes on oil tankers using Russia's Novorossiysk port after a US request, per Ukrainian officials.