Saudi Crude Shipments Soar as OPEC+ Leader Chases Market Share
The kingdom bolstered crude exports by 441,000 barrels a day, or about 7%, this month to 6.36 million a day, according to a preliminary analysis of tanker-tracking data compiled by Bloomberg.
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Yahoo
11 minutes ago
- Yahoo
Yemen's Houthis threaten to target ships linked to firms dealing with Israeli ports
(Reuters) -Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel. In a televised statement, the Houthis' military spokesperson warned that ships would be attacked if companies ignored their warnings, regardless of their destination. "The Yemeni Armed Forces call on all countries, if they want to avoid this escalation, to pressure the enemy to halt its aggression and lift the blockade on the Gaza Strip," he added. Since Israel's war in Gaza began in October 2023, the Iran-aligned Houthis have been attacking ships they deem as bound or linked to Israel in what they say are acts of solidarity with Palestinians. In May, the U.S. announced a surprise deal with the Houthis where it agreed to stop a bombing campaign against them in return for an end to shipping attacks, though the Houthis said the deal did not include sparing Israel. Solve the daily Crossword
Yahoo
41 minutes ago
- Yahoo
Starmer to urge Trump to end the mass starvation in Gaza
Sir Keir Starmer will plead with Donald Trump to bring about a ceasefire in Gaza and end the suffering of thousands of Palestinians when he meets with the US president in Scotland on Monday. The growing crisis in the Middle East will top the agenda when the two hold their bilateral meeting at President Trump's Turnberry golf course in Ayrshire, with the prime minister under immense political pressure to change the UK's policy on recognising Palestine as a state. It comes after the IDF announced a 'tactical pause' in fighting to allow aid to get in, with thousands of people trapped in Gaza facing mass starvation. On Sunday, Jordan and the UAE carried out the first airdrops of food and essential supplies. A Downing Street source said that the prime minister and the president have a 'shared desire to bring an end to the barbaric war'. The meeting comes after a Sunday bilateral between Mr Trump and European Commission president Ursula von der Leyen at Turnberry, where the two struck a trade deal to avoid a tariff war despite the US president having told reporters beforehand that he was 'not in a good mood'. It was put to Mr Trump that Sir Keir would ask him about a Middle East ceasefire, but he replied: 'We're meeting about a lot of things. We have our trade deal and it's been a great deal. 'It's good for us. It's good for them and good for us. I think the UK is very happy, they've been trying for 12 years to get it and they got it, and it's a great trade deal for both, works out very well. 'We'll be discussing that. I think we're going to be discussing a lot about Israel. They're very much involved in terms of wanting something to happen. [Starmer] is doing a very good job, by the way.' The mini-summit at Turnberry was intended primarily to focus on the continuing problem of steel tariffs imposed by President Trump, and other aspects of the trade deal the two signed last month. Sir Keir also wants to press the president on providing a backstop for the 'coalition of the willing' he is establishing with French president Emmanuel Macron to provide a guarantee of peace in Ukraine once the war with Russia comes to an end. But with harrowing pictures emerging over the past week of malnourished children in Gaza, alongside reports of the impact of starvation in the territory, the Middle East crisis has risen to the top of the agenda. Sir Keir is hoping that the strong personal relationship he has developed with the US president will help him in persuading Mr Trump to move on a number of these issues. The two will continue to talk when they travel together to Aberdeen for a further private dinner at Mr Trump's other Scottish golf course, which is dedicated to his mother. The president is looking for support to host an Open championship. Downing Street has insisted that 'the strength of the UK-US relationship will be on display again' as the prime minister meets President Trump for what it described as 'wide-ranging talks'. But the meeting is likely to be overshadowed by pressure on Sir Keir to join Mr Macron in officially recognising a Palestinian state. There was some speculation on Friday that the prime minister was close to doing so, after 221 MPs signed a cross-party letter supporting the move. Labour's biggest donors, the trade unions, have also collectively demanded action on recognising Palestine. Sir Keir used his strongest language yet on Friday when he described Israel's actions in Gaza as 'unspeakable and indefensible', adding that Palestinians have an 'inalienable right' to their own state. Pressure was further added by Mr Macron's announcement that France was preparing to recognise Palestine as a state, just ahead of an E3 phone call on Friday with Sir Keir and the German chancellor Friedrich Merz. But Sir Keir has held off taking similar action, with some suggesting that he wanted to see what President Trump would have to say about the crisis at their meeting at Turnberry before making a final decision. The problems kicked off further on Sunday, when Live Aid founder and former pop star Sir Bob Geldof clashed with Tory leader Kemi Badenoch on the topic of Israel and Gaza. The two appeared on Sir Trevor Phillips's Sunday morning show on Sky News. When asked about Israeli government claims that there are hundreds of trucks full of aid waiting to get into Gaza that are being held up by United Nations incompetence and Hamas, Sir Bob hit out at Benjamin Netanyahu and his government. 'The Israeli authorities are lying,' he claimed. 'They're lying. Netanyahu is a liar. The IDF are lying.' The comments enraged the Israeli government, which has denied being at fault after reports emerged that more than 110 people have died of hunger during the conflict. Israel has blamed Hamas for 'stealing aid and prolonging the war'. Israel's deputy foreign minister, Sharren Haskel, told The Independent: 'Bob Geldof says that 'we are way beyond' the attack by Hamas on Israel on 7 October 2023. This is complete rubbish. Hamas still holds 50 hostages in their dungeons of torture. They have been held for 660 days. I don't hear Bob Geldof calling for their release?' When Sir Bob's remarks were put to her by Sir Trevor, Ms Badenoch said he was wrong. She said: 'I disagree with that. What I'm seeing is Israel allowing humanitarian aid to go in. This has been an unbelievably difficult situation. It's been heartbreaking seeing some of the pictures, hearing those stories, and what we all want to see is this awful war coming to an end, and that will happen when those hostages are released. We need a ceasefire.' Polling by More in Common has shown that the British public side with Palestinians more than with Israel, by 29 per cent to 15 per cent.
Bloomberg
an hour ago
- Bloomberg
Trump's Tariffs Are Already Stunting World Growth While Markets Shrug
As Donald Trump barrels toward his latest tariff deadline, the damage to the global economy from American protectionism is becoming increasingly evident, even if financial markets seem to have decided they can live with it. The US president has announced preliminary agreements with the European Union, Japan and a handful of others that raise tariff rates, and he's promising to impose even higher duties on Aug. 1 for countries that haven't cut deals. It all amounts to another step change in the trade barrier that Trump has erected around America, which is starting to reshape trade and investment patterns worldwide.
