❌

Normal view

Some US diplomats told to leave Saudi Arabia amid Houthi attacks

Similar withdrawals from UAE, Jordan, Qatar and Bahrain reported as concerns grow about restart of war on Iran after US midterm elections

The US state department has ordered some diplomats and the families of US government employees to leave Saudi Arabia as the gulf kingdom faces a barrage of near-daily attacks, with at least three people killed at an airport and oilfield.

Attacks on “civilian airports and other critical infrastructure” by the Iranian-supported Houthis in Yemen were highlighted as the reason for the drawdown. The state department spokesperson, Tommy Pigott, said: “The safety and security of department personnel and their families remain our highest priority.”

Continue reading...

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

European air fares could rise by as much as 20% in 2027, Ryanair boss predicts

20 October 2026 at 15:28

Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary says

Ryanair’s chief executive has predicted a record increase in European air fares next year, as airlines grapple with fuel bills pushed higher by the Middle East conflict.

Many carriers are not hedged against rising jet fuel costs, Michael O’Leary said, which he predicted would lead to airline bankruptcies and takeovers. He forecast these pressures would result in the price of plane tickets rising by as much as 20%.

Continue reading...

© Photograph: Alexandros Avramidis/Reuters

© Photograph: Alexandros Avramidis/Reuters

© Photograph: Alexandros Avramidis/Reuters

‘From liabilities to goldmines’: refineries eye record profits from diesel shortage

Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices

Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that the global fuel shortage will drag into 2027.

Trump’s temporary sanctions reprieve was criticised for offering “too little, too late” to temper the sky high pump prices triggered by the shutdown of war-damaged refineries in the Middle East and Russia – once the world’s second-largest diesel exporter behind the US.

Continue reading...

© Photograph: Martin Meissner/AP

© Photograph: Martin Meissner/AP

© Photograph: Martin Meissner/AP

The American Conservative: How Trump Made the World Go Nuclear

Trump has attacked Iran twice, both times amid nuclear negotiations and alongside Israel. The war has made it more likely that Iran will acquire nuclear weapons, and has undermined the cause of nuclear nonproliferation across the Middle East and beyond.

Trump, Hormuz, and the Looming Economic Catastrophe

US treasury bonds (the benchmark asset for the entire global dollar system) have experienced their worst returns in history... The war Israel pushed us into is slowly demolishing the American economy and financial system

❌