Global oil markets faced renewed uncertainty on Monday after deadly attacks on Saudi Arabia's main international airport, fresh tanker incidents near the Strait of Hormuz and overnight airstrikes in Yemen intensified concerns about Middle Eastern energy supplies. However, crude prices fluctuated as investors weighed the regional security risks against a separate US-Russia diesel supply agreement and President Donald Trump's announcement of a proposed Russia-Ukraine energy ceasefire. Deadly Attacks Raise Middle East Tensions Saudi Arabia's King Khalid International Airport in Riyadh suffered repeated attacks over the weekend, with a combined reported toll of 14 deaths and more than 320 injuries. Yemen's Iran-backed Houthi movement claimed responsibility for the attacks. The airport disruption also raised concerns about aviation safety and the possibility of further regional escalation. Separately, overnight airstrikes struck areas of Yemen's capital, Sanaa. Houthi-ru...
A claim spread quickly on social media over the weekend: Iran says the United States has accepted some of its seven conditions for reopening the Strait of Hormuz. It is accurate that Iran said this. What many posts leave out is the second half of the statement, which changes how it should be read. What Iran Actually Said As we covered [when Iran first laid out its seven conditions], the proposal was presented during the UN General Assembly. Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said on Sunday that the U.S. had accepted some of Iran's seven conditions, but that Tehran considers Washington's response inadequate, according to Iran International, Xinhua and Gulf News. He posted the remark on X and elaborated in interviews with Press TV and Tasnim. Gulf News noted that he did not say which conditions were accepted. According to Xinhua, citing Press TV, the status of the others remains unclear, with some "ambiguities." Shafaq News, ci...