Global Oil Supply
Middle East Roundup, Aug 12:Trump says US will 'keep' Hormuz strait control
Says the United States is in control of the strategic Strait of Hormuz and will "keep it"; IEA sharply cuts 2026 oil demand forecast as Hormuz closure and high prices weigh on consumption; Israeli forces close Hebron’s Ibrahimi Mosque, barring Muslim worshippers during Jewish holidays.
2 DAYS AGO
Middle East Roundup, Aug 11: World warns Israel as West Bank faces worst displacement since 1967
The UN Security Council convenes an urgent session on the deteriorating West Bank situation, with Pakistan warning that settlement expansion, settler violence and Israeli measures are eroding prospects for Palestinian statehood. Meanwhile, Israel-Lebanon talks are set to resume in September amid fresh strikes, while US-Iran diplomacy remains focused on reopening the Strait of Hormuz.
3 DAYS AGO
Middle East Roundup, Aug 10: Trump says will demand conflict compensation from Iran
Says he seeks conflict compensation from Iran as part of any future peace negotiations, citing attacks and atrocities; Tehran sets conditions for reopening the Strait of Hormuz as oil prices rise, while Houthi attacks in Yemen kill seven and Israel closes a West Bank village to non-residents amid wider regional tensions.
4 DAYS AGO
Middle East Roundup: Pakistan, seven Muslim countries condemn Israeli violations in Gaza
Countries condemn Israeli violations in Gaza, citing attacks on civilians, healthcare facilities, and humanitarian violations; Oil prices also finish mixed as markets try to understand developments regarding a potential reopening of the Strait of Hormuz.
August 6, 2026
Middle East Roundup: US pushes diplomacy as Israel-Lebanon talks, Gaza tensions test regional peace
Lebanon and Israel begin a seventh round of US-mediated talks in Rome, Washington targets a Strait of Hormuz deal with Iran by Wednesday; Qatar blames Israel for delaying implementation of the Gaza peace plan.
August 4, 2026
Middle East roundup, Aug 3:Tehran says Pakistan remains main mediator in Iran-US talks
Trump says negotiations with Tehran are underway as Iran's foreign ministry reaffirms Islamabad's leading diplomatic role and Oman facilitates Strait of Hormuz talks.
August 3, 2026
OPEC+ tipped to raise production again but new quotas loom
The move comes as the alliance navigates uneven production capacity, shifting member priorities and growing pressure over how future supply limits will be set.
August 2, 2026
Oil prices jump on Mideast war, stock markets diverge
Benchmark international contract Brent North Sea crude surpasses $95 for the first time in nearly six weeks as the United States and Iran carried out more strikes.
July 22, 2026
Middle East Roundup, July 10: Qatar delegation in Iran for talks after Hormuz attacks: local media
Prime Minister Shehbaz Sharif calls for protecting hard-earned peace gains as US-Iran negotiations continue, Qatar and Egypt press for renewed dialogue, and Islamabad and Tehran reaffirm cooperation to advance regional stability.
July 10, 2026