Oil prices surge as Hormuz closure extends

5 min agoPresident Donald Trump attended a ceremony at the Pentagon on Friday to commemorate the 25th anniversary of the September 11 attacks. Nearly 3,000 people died when al-Qaeda operatives commandeered commercial aircraft at three separate sites. Trump said the United States would never forget the attacks and would continue to fight.

1 h agoThe Israeli military announced it had killed Muhammad Yazouri, a Hamas commander in the Khan Yunis Brigade, in a strike in southern Gaza. Hamas confirmed Yazouri's death and his role in planning the October 7 attack. Years before the assault, mediators had warned Israel that Hamas leader Yahya Sinwar was considering a major kidnapping operation if hostage negotiations remained stalled.

1 h agoWith U.S. midterm elections eight weeks away, Mexico and Washington are accelerating negotiations on a bilateral trade agreement, six informed sources say. The urgency has intensified following the breakdown of parallel talks with Canada.

1 h agoA defense attorney in New Mexico was fined $5,000 and held in contempt after submitting a brief containing false police testimony and fabricated witnesses generated by ChatGPT. The state's highest court said it will refer the lawyer, Stephen Aarons, to an attorney disciplinary board, citing his failure to verify the accuracy of the filing in his client's murder conviction appeal.

2 h agoPrincess Astrid of Norway, an older sister of the late King Harald, died on Friday at the age of 94, the royal palace said. She died two days after the funeral of her brother.

2 h agoThe US consumer price index remained at 3.4% year-over-year in August, matching analyst expectations after declines in the prior two months. Core inflation fell to 2.4%, down a tenth of a percent from July, while fuel prices rose due to conflict in Iran.

3 h agoThe International Energy Agency said the Strait of Hormuz will not reopen this year, warning of a sharp drop in global oil demand. Goldman Sachs and Commerzbank raised their crude price forecasts, citing expectations that Middle East shipping disruptions will persist into 2027. China has returned to the oil market as prices climb.

4 h agoMedical unions across Spain have called for an open-ended strike beginning 28 October to protest a government reform of the framework statute governing physicians' working conditions. The statute, already sent to Congress, has been rejected by doctors who demand their own separate statute and real negotiations with the Health Ministry.

4 h agoEmma Bonino, a historic figure of the Italian Radical Party who served as foreign minister and European commissioner, died on Friday at 78. A lifelong defender of human rights and women's rights, she championed causes including divorce and abortion rights throughout her political career.

5 h agoHouthi forces seized the port city of Mocha and advanced along the Red Sea coast to capture strategic islands near the Bab al-Mandab Strait. Yemeni government forces withdrew from Miyon Island at the centre of the critical waterway, and Houthis captured it along with the city of Zabab on the Red Sea coast. Iran called Friday for the resumption of dialogue in Yemen.