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ARAMCO CEO said pressure across the energy supply chain will only intensify until the Strait of Hormuz is fully reopened and confidence is restored.

2026-10-12

ARAMCO CEO said pressure across the energy supply chain will only intensify until the Strait of Hormuz is fully reopened and confidence is restored.

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2026-10-12

London-based Institute for Fiscal Studies said ahead of the budget later this month that Chancellor John Healey must raise about £35bn to deliver Labour’s ambitious spending plans. The IFS added Healey may have more fiscal headroom than expected, but

London-based Institute for Fiscal Studies said ahead of the budget later this month that Chancellor John Healey must raise about £35bn to deliver Labour’s ambitious spending plans. The IFS added Healey may have more fiscal headroom than expected, but the plans’ credibility is at risk; unless the government interventions, inf will squeeze public spending and leave departments underfunded. IFS director Helen Miller said: If you want to increase spending and do not want to cut public services, you must consider tax rises.
2026-10-12

On the 11th (local time), the Islamic Revolutionary Guard Corps navy announced any vessels disabling navigation and identification systems in the Strait of Hormuz will be treated as "hostile targets" and will face harsh, decisive action.

On the 11th (local time), the Islamic Revolutionary Guard Corps navy announced any vessels disabling navigation and identification systems in the Strait of Hormuz will be treated as "hostile targets" and will face harsh, decisive action.
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