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Oil Prices Surge Amid US Strikes

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politics

United Nations Report Shows Drugs Surging Despite Global Crackdowns

The 2026 World Drug Report reveals record cocaine production and evolving drug markets amid intensified enforcement efforts worldwide.

Jul 16, 2026, 5:19 PM Reason

Stories Related To Oil Prices Surge Amid US Strikes

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politics

U.S. Strategic Petroleum Reserve Hits 40-Year Low Amid Political Releases

The Strategic Petroleum Reserve has fallen to its lowest level since 1983 after multiple releases authorized by recent administrations to influence oil prices.

Reason | Jul 16, 2026, 4:13 PM

politics

Iran Urges Yemen’s Houthis to Block Red Sea if U.S. Strikes Tehran’s Energy Sites

Iran reportedly requested Yemen’s Houthis to disrupt Red Sea shipping routes in response to potential U.S. attacks on its energy infrastructure, escalating tensions in the Middle East.

The Hill | Jul 16, 2026, 3:55 PM

world

South Korea Expands Defense Exports Amid Global Rearmament Surge

With rising global demand for weapons following Russia's invasion of Ukraine, South Korea leverages its manufacturing strengths and geopolitical position to boost its defense industry exports.

Deutsche Welle | Jul 16, 2026, 2:39 PM

Harold Hamm’s Role in US-Israel Relations and Iran War Risks Under Trump Examined

Fracking billionaire Harold Hamm, known as Donald Trump’s “original oil guy,” influenced US energy policy and US-Israel ties while downplaying the risks of conflict with Iran.

Guardian US | Jul 16, 2026, 2:06 PM

US Attacks Oil Tanker Near Kharg Island Amid Escalating Iran Conflict; Tehran Releases US Citizen

The US renewed its blockade on Iranian ports by disabling an oil tanker near Kharg Island, while Iran faced strikes including on Tehran. Meanwhile, Iran released a detained US citizen and immigration enforcement deaths prompt international scrutiny.

Guardian US | Jul 16, 2026, 10:48 AM

world

US Military Strikes Iranian Targets Near Tehran and Strait of Hormuz Amid Rising Tensions

US Central Command targets military sites and disables oil tanker near Iran’s Kharg Island, while Iran reports downing a US drone and vows to defend its territory.

Al Jazeera | Jul 16, 2026, 9:08 AM

world

US and Iran Exchange Military Strikes Amid Renewed Tensions in Gulf

The US launched a sixth consecutive night of strikes targeting Iranian military sites, while Iran responded with attacks on US bases in the region, escalating conflict over control of the Strait of Hormuz.

BBC World | Jul 16, 2026, 7:55 AM

world

Former US Ambassador Says Iran Miscalculated Trump’s Resolve Amid Heaviest Strikes Since MOU

Nightly strikes between the US and Iran have intensified following the Memorandum of Understanding signed a month ago, with a former US ambassador highlighting Tehran's misjudgment of former President Trump's stance.

Al Jazeera | Jul 16, 2026, 5:02 AM

global-institutions

UN Chief Urges De-escalation as Gulf Military Tensions Rise

UN Secretary-General António Guterres expresses concern over renewed clashes between the United States and Iran in the Strait of Hormuz, calling for immediate dialogue to prevent catastrophic consequences.

UN News | Jul 15, 2026, 8:12 PM

world

US Military Launches Hundreds of Air Strikes Across Iran Amid Rising Tensions

At least 35 killed and 300 wounded in US attacks targeting southern Iran and Strait of Hormuz despite ceasefire; regional instability escalates.

Al Jazeera | Jul 15, 2026, 6:21 PM

world

Stocks Rise Following Soft US Inflation Data Amid Ongoing Middle East Tensions

Global equities climbed after weaker-than-expected US inflation figures and strong corporate earnings, despite escalating US-Iran hostilities.

CNA Latest News | Jul 15, 2026, 4:25 PM

politics

Fed Chairman Kevin Warsh Vows No Tolerance for Elevated Inflation Amid Cooling June CPI

New Federal Reserve Chairman Kevin Warsh testified before Congress pledging commitment to price stability as recent data shows easing inflation, while Fed Governor Christopher Waller warns inflation risks remain. Meanwhile, President Trump signals intensified strikes on Iran.

Reason | Jul 15, 2026, 2:41 PM

world

US Launches 90-Minute Air Strikes on Iran’s Greater Tunb Island Amid Rising Tensions

The US military targeted Iranian defense and missile sites on Greater Tunb Island, escalating conflict in the Strait of Hormuz and causing significant casualties.

ABC Australia News | Jul 15, 2026, 2:16 PM

world

Iran Threatens to Block More Trade Routes Amid US Military Strikes

Tensions escalate as Iran's Revolutionary Guards vow to keep the Strait of Hormuz closed until US aggression ends, following fresh US strikes on Iranian military targets.

BBC World | Jul 15, 2026, 12:44 PM

world

US Strikes on Iran’s Southern Islands Raise Questions of Potential Seizure

Recent US military actions on Iran’s southern islands have reignited speculation about Washington’s intentions to seize Iranian territory amid ongoing conflict.

Al Jazeera | Jul 15, 2026, 12:09 PM

world

Investors Flee Indonesia Amid Concerns Over Fiscal Strain and Spending Plans

Indonesia's economic growth ambitions and rising fiscal pressures have unsettled investors, leading to significant capital outflows and market declines.

Deutsche Welle | Jul 15, 2026, 11:58 AM

world

IMF Warns Depleted Oil Reserves Heighten Vulnerability Amid US-Iran Conflict

The International Monetary Fund cautions that dwindling global oil reserves have left economies exposed to rising fuel prices as tensions between the US and Iran escalate.

ABC Australia News | Jul 15, 2026, 10:49 AM

world

Russian Strikes Kill Six in Ukraine as Kyiv Targets Russian Vessels in Black Sea

Overnight attacks saw Russia strike Ukrainian cities Odesa and Sumy, while Ukraine launched drone strikes on Russian ships in the Black Sea, escalating the conflict.

BBC World | Jul 15, 2026, 9:19 AM

business

China’s Big Three Airlines Face Up to $1.33 Billion Loss Amid Middle East Conflict

China Southern, Air China, and China Eastern report deeper first-half losses primarily due to rising fuel costs linked to ongoing Middle East war.

Nikkei Asia | Jul 15, 2026, 8:33 AM

world

Australia to Set National Standards for AI Data Centres and Copyright

Prime Minister Anthony Albanese announces plans for mandatory data centre regulations and protections for Australian creators amid AI expansion.

ABC Australia News | Jul 15, 2026, 5:10 AM

world

Iran Launches Strikes on Neighbors Amid US Blockade Reinstatement and Trump Threats

Iran's Revolutionary Guards Corps attacked US military installations in the Middle East following renewed US strikes and President Trump's reinstatement of a blockade on Iranian shipping in the Strait of Hormuz.

Euronews | Jul 15, 2026, 4:39 AM

world

ASX Set to Rise Following Wall Street Gains Amid US Naval Blockade on Iran

Australian share market expected to open higher as US inflation data eases rate hike fears and US reimposes naval blockade on Iranian ports.

ABC Australia News | Jul 14, 2026, 11:43 PM

global-institutions

UN Maritime Agency Condemns Deadly Attacks in Strait of Hormuz Amid Escalating US-Iran Conflict

The International Maritime Organization calls for restraint and dialogue following overnight strikes that killed at least two seafarers and disrupted a vital global shipping route.

UN News | Jul 14, 2026, 8:07 PM