Attacks in the Middle East conflict extended into a fifth week Sunday, with Israel striking Tehran and Saudi Arabia intercepting almost a dozen drones, a day after Yemen-based Houthi militants entered the war. The strikes came as 3,500 additional US troops arrived in the Middle East and regional powers including Saudi Arabia and Turkey meet in Pakistan to discuss how to end the conflict, which has...
Attacks in the Middle East conflict extended into a fifth week Sunday, with Israel striking Tehran and Saudi Arabia intercepting almost a dozen drones, a day after Yemen-based Houthi militants entered the war. The strikes came as 3,500 additional US troops arrived in the Middle East and regional powers including Saudi Arabia and Turkey meet in Pakistan to discuss how to end the conflict, which has killed thousands and caused chaos in commodity markets and global trade. The Iran-backed Houthis launched ballistic missiles at Israel on Saturday morning, following US-Israeli strikes on Iranian nuclear facilities. Tehran also struck aluminum producers in Bahrain and the United Arab Emirates, along with a US base in Saudi Arabia, wounding a dozen American personnel. The Washington Post reported that the US defense department was preparing for potentially weeks of ground operations in Iran, citing unidentified US officials. Any mission would likely first target opening the Strait of Hormuz, the strategic waterway through which a fifth of seaborne global oil flowed before the war but which has now slowed to a trickle, inflicting the biggest supply disruption in the history of the global oil market. The strait has emerged as Iran’s main source of leverage in the war, and Pakistan on Saturday said it had reached a deal with Tehran to allow 20 of its ships passage. Saudi Arabia has managed to reroute some of its oil around the strait, with its East-West pipeline now operating at its full capacity of 7 million barrels a day, according to a person familiar with the matter. Read More: Saudi Pipeline to Bypass Hormuz Hits 7 Million Barrel Goal The Houthis could complicate that — the Red Sea port of Yanbu, through which 5 million barrels of Saudi exports are now flowing, is well within their missile range. The group said they would continue operations until US-Israeli attacks on the Islamic Republic and its proxy militant groups, including Hezbollah in Lebanon, cease. While the Hou...
Despite high hopes for financials during Trump’s second term, the sector has performed the worst in the S&P 500 this year. But the XLF offers a buy-low entry.
Despite high hopes for financials during Trump’s second term, the sector has performed the worst in the S&P 500 this year. But the XLF offers a buy-low entry.
Dedicated laws to streamline statutory procedures for Hong Kong’s Northern Metropolis could speed up some projects by about one year, the development chief has said. Secretary for Development Bernadette Linn Hon-ho also revealed on Sunday that the government was preparing to increase the residential component of some sites to make the investment more appealing for developers. The government unveil...
Dedicated laws to streamline statutory procedures for Hong Kong’s Northern Metropolis could speed up some projects by about one year, the development chief has said. Secretary for Development Bernadette Linn Hon-ho also revealed on Sunday that the government was preparing to increase the residential component of some sites to make the investment more appealing for developers. The government unveiled a plan for proposed legislation earlier this month, comprising six main subsidiary laws designed...