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IEA chief Birol said oil prices fell at least $5 after the agency announced it would release oil and diesel reserves into the market over the coming days and weeks.

2026-10-03

IEA chief Birol said oil prices fell at least $5 after the agency announced it would release oil and diesel reserves into the market over the coming days and weeks.

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2026-10-03

Refinitiv cited regional and Western officials saying Saudi Arabia is planning a military operation to break Iran-backed Houthi control of Red Sea shipping lanes. Riyadh is weighing either a limited offensive around the Bab al-Mandeb strait or a mult

Refinitiv cited regional and Western officials saying Saudi Arabia is planning a military operation to break Iran-backed Houthi control of Red Sea shipping lanes. Riyadh is weighing either a limited offensive around the Bab al-Mandeb strait or a multi-front campaign across Bayda, Marib, Taiz and al-Jawf; action is expected in the coming weeks. Saudi-backed Yemeni ground forces would lead the operation with Saudi air support, and officials say more than 100,000 Yemeni troops could be mobilized depending on scale. The reported move follows Houthi coastal advances last month and their takeover of the Bab al-Mandeb, which Saudi Arabia officials say has stalled prospects for renewed peace talks. The US is providing intelligence and targeting support but is not expected to take part directly; Turkey and Pakistan have supplied air-defence systems and drones. Sources flagged key operational risks: integrating fragmented anti-Houthi factions previously backed by Saudi and the UAE, and exposed to Houthi missile and UAV strikes on Saudi oil infrastructure.
2026-10-02

Industry sources say Airbus delivered slightly more than 70 aircraft in September, as the company made a final push to close previous delivery delays.

Industry sources say Airbus delivered slightly more than 70 aircraft in September, as the company made a final push to close previous delivery delays.
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