PRI

Oil prices rose sharply after renewed attacks by Yemen's Houthis and growing fears of escalation between the United States and Iran. Traders are pricing in the risk that the confrontations could disrupt shipping and supply through the Red Sea and the wider Gulf region. Markets are watching closely for any retaliatory moves that could widen the conflict.

Oil prices declined as hopes grew for renewed diplomatic engagement between the United States and Iran. Markets responded to expectations that eased tensions could reduce the risk of supply disruptions from a major oil-producing region. Traders often move prices on signals of de-escalation between Washington and Tehran, whose disputes have repeatedly affected global energy markets.

The Reserve Bank of Australia is expected to resume raising its key interest rate, with policymakers' patience over stubborn inflation wearing thin. Bloomberg reports the central bank is poised to tighten again as price pressures prove more persistent than hoped, a move that would add to borrowing costs for Australian households and businesses.

European Central Bank President Christine Lagarde said the bank's policy of measured interest rate hikes remains appropriate to bring inflation back to target. Her comments, picked up by Reuters and financial outlets, signal the ECB will keep tightening gradually rather than pause or accelerate, as policymakers weigh persistent price pressures against slowing growth in the eurozone.

Forest fires in Indonesia are sending smoke and haze across the border toward Singapore just as the city prepares to host its Formula One Grand Prix. Race organisers are drawing up contingency plans as the seasonal haze threatens the major international sporting event. Al Jazeera's Patrick Fok reports from the region.

Donald Trump has said he is "surprised" that five men arrested in the UK on suspicion of terror offences have been released on bail. Asked whether Iran was involved, the US president said: "I know the answer, I can be very specific, but I'd rather not say." His comments come as UK police continue their investigation into the arrests.

The Kremlin declared that Ukraine is now 'paying the price' for its own attacks on Russian territory, according to Reuters. The statement frames Russian military actions as retaliation for Ukrainian strikes inside Russia, and comes amid ongoing escalation in the war, with both sides continuing long-range attacks against targets far from the front lines.

China has broadened overseas travel restrictions on top AI professionals working at private companies so that they now also cover the families of key personnel. The move suggests Beijing is trying to prevent leading artificial intelligence talent from leaving the country or being recruited abroad. Observers see it as part of wider competition with the United States over AI expertise and technology.

Fuel prices are climbing worldwide as threats issued by Donald Trump and ongoing armed conflicts weigh on energy markets. Traders and analysts are tracking how sanctions rhetoric, military escalation and supply disruption risks could push crude oil and refined fuel costs further up, leaving governments and consumers bracing for more expensive energy in the weeks ahead.

SpaceX carried out the fourteenth test flight of its Starship rocket, billed as an orbital launch attempt, with live coverage showing the mission from launch through mission control. Viewers around the world followed the broadcast in large numbers as the company continues developing the vehicle for future deep-space missions.

Oil prices have climbed above $108 a barrel as markets react to fears that conflict between the United States and Iran could resume. Traders are pricing in the risk of supply disruptions from the region, and analysts warn further escalation could push prices higher still. Markets remain on edge awaiting any signal of renewed hostilities.

The euro has held up against the dollar, but analysts warn its resilience may soon be tested. Rising energy prices and mounting political risks in the eurozone are seen as the main threats that could reverse the currency's recent strength against the dollar.

Venezuela has released 39 political prisoners, according to Al Jazeera, following talks described as taking place after Maduro. The report attributes the releases to negotiations in a post-Maduro context, though the snippets provide no further detail on who was freed, when, or who took part in the talks. The move is being read as a human rights development in a country long criticised for jailing government opponents.

Formula 1 has published its official race highlights for the 2026 Azerbaijan Grand Prix in Baku. The package rounds up the key moments from the championship round on the city's street circuit. Fans are watching and discussing the race action as the season continues.

Venezuelan authorities have released dozens of political prisoners as calls grow, both at home and internationally, for elections in the country. The move comes amid mounting pressure on the government and is being read by observers as a possible gesture ahead of a potential electoral process, though the full scope of the releases and who was freed remains to be detailed.

Oil prices rose as negotiations between the United States and Iran remained uncertain, with markets weighing the risk of supply disruptions tied to the diplomatic standoff. Traders are watching whether talks progress or stall, since tensions over Iran's nuclear program and sanctions can affect crude flows from the region. Energy markets remain sensitive to any signals about the outcome.

European governments are rolling out tax cuts and subsidies in an effort to cushion households and businesses from record-high fuel prices. The measures reflect growing political pressure across the continent as energy costs strain consumers and feed into broader inflation concerns. Officials are weighing how to keep relief targeted without worsening budget deficits.

Spanish Prime Minister Pedro Sanchez has called on parliamentary parties to support urgent measures to ease the country's housing crisis. The appeal came after the forced eviction of 87-year-old Maricarmen Abascal from her longtime Madrid home, an incident that sparked public anger, with around 600 people continuing to camp in protest near the property.

Senator Elizabeth Warren has introduced legislation that would prohibit private equity firms from owning medical practices. The bill targets concerns that investor ownership drives up healthcare costs, cuts staffing, and prioritizes profits over patient care. Supporters see it as a push to keep medicine in the hands of clinicians, while critics are expected to argue it limits capital investment in healthcare practices.

President Trump said the United States will "win this war very soon" and that oil prices should fall sharply once the conflict ends. He framed the key objective as preventing Iran from obtaining a nuclear weapon. The remarks come amid ongoing fighting and continued attention to energy markets, with analysts watching how quickly oil prices might react to any resolution.

The European Commission has called on EU member states to reduce their gas and electricity consumption amid rising energy prices. The appeal comes as households and industry across the bloc face high bills, and it signals Brussels' push for demand-side measures to ease pressure on the market. Member states' responses and any binding targets remain to be seen.

Iranian Foreign Minister Abbas Araghchi met with Qatari mediators amid stalled nuclear talks with the United States. Oil prices extended gains as concerns grew over Middle East supply, with Tehran reportedly pessimistic about reaching a deal before the US midterm elections. The talks are being closely watched for their impact on regional stability and energy markets.

Venezuelan authorities have released dozens of prisoners, days after a meeting between US President Donald Trump and Venezuela's interim leader. The releases follow a period of heightened tensions between Washington and Caracas, including US pressure over detentions of political prisoners and foreign nationals. News outlets in the region and beyond are covering the move as a possible sign of easing relations between the two governments.

India has told the United Nations that countries far removed from conflict zones are paying the price for wars that are not their own, highlighting how the effects of distant conflicts spill over through food and energy price shocks, disrupted trade and humanitarian strain. The intervention underscores India's long-standing argument that global institutions should better reflect the concerns of developing nations affected by wars they did not start.

President Donald Trump said the conflict with Iran will be over 'soon' and predicted oil prices will plunge once it ends. His comments come as markets watch the Middle East conflict closely, with energy prices sensitive to any escalation or de-escalation. Observers are weighing whether the forecast reflects genuine expectations of a rapid resolution or an attempt to calm markets.

President Donald Trump said the United States will 'win' its war with Iran soon, predicting that oil prices will fall once the fighting ends and suggesting fresh strikes could come before the US midterm elections. His remarks come as markets and governments watch for escalation in the Middle East, with energy prices a key concern for consumers and voters.

Israeli Prime Minister Benjamin Netanyahu met with UAE President Mohammed bin Zayed, with Iran topping the agenda. The two leaders spoke by phone before the trip, and the meeting is being read as a continuation of deepening Israel-UAE ties following the Abraham Accords, with regional security and the Iranian threat at the centre of discussions.