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Saudi Arabia's civil defense department says it has issued an alert in Yanbu.

2026-11-05

Saudi Arabia's civil defense department says it has issued an alert in Yanbu.

Other News
2026-11-05

Maersk CEO said the shipping market is growing faster than expected, and Maersk has ordered new vessels.

Maersk CEO said the shipping market is growing faster than expected, and Maersk has ordered new vessels.
2026-11-05

UK inflation rose to 3.5% YoY, above the Bank of England’s July forecast of 3%, driven chiefly by a near-30% YoY jump in fuel prices tied to the Iran war. Traders have largely priced in a BoE rate rise tonight, so the move itself may have limited imp

UK inflation rose to 3.5% YoY, above the Bank of England’s July forecast of 3%, driven chiefly by a near-30% YoY jump in fuel prices tied to the Iran war. Traders have largely priced in a BoE rate rise tonight, so the move itself may have limited impact on sterling; market focus should be on the BoE’s signaling for 2027, when it has said inflation could be slightly above 4% in early 2027. The BoE noted in September minutes there is so far little evidence of second‑round wage‑price effects, but July research found that once inflation exceeds roughly 3–3.5% an oil-price shock more than doubles its typical impact on inflation. The hike is expected to pass roughly 7–2, with Taylor and Dhingra the most likely dissenters; a closer vote would imply weaker support for further tightening.
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