Houthis — Yemen-based fighters who announced maritime embargo and attacked shipping in Red Sea amid US-Iran escalation.
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Joy Online
… Throughout his rule, Ali Khamenei pursued a policy of confrontation with the West and for years provided support to anti-US and anti-Israel armed groups across the Middle East, including Hamas in Gaza, Hezbollah in Lebanon and the Houthis in Yemen. …
Iran’s supreme leader absent as senior officials attend ayatollah’s funeralOil prices fell to a three-week low as US officials announced progress in talks with Iran on reopening the Strait of Hormuz waterway. Brent crude dropped nearly 5% to under $80 a barrel, with US West Texas Intermediate also falling more than 5% to $76, both reaching their lowest levels since 13 July.
3 hours ago · Joy Online →
Oil prices fell to a three-week low as US officials announced progress in talks with Iran on reopening the Strait of Hormuz waterway. Brent crude dropped nearly 5% to under $80 a barrel, with US West Texas Intermediate also falling more than 5% to $76, both reaching their lowest levels since 13 July.
3 hours ago · Joy Online →
Oil prices rebounded 1% on Tuesday after a steep plunge, driven by concerns that Middle East supply remains at risk as diplomatic resolution to the U.S.-Iran war seems unlikely. Brent futures rose to $84.89 a barrel and WTI crude to $81.11, though Iran's Foreign Ministry rejected Trump's claims of ongoing negotiations to end the conflict over control of the Strait of Hormuz, a channel for about a fifth of global crude oil and natural gas shipments before the conflict.
4 August 2026 · Joy Online →
Saudi Arabia, which has largely avoided involvement in the US-Iran conflict since 28 February, has begun conducting joint strikes with the US on Iranian proxy militias in Iraq after being attacked from three sides. The kingdom now faces a choice between continuing retaliatory strikes as a deterrent or attempting to de-escalate through negotiation.
30 July 2026 · Joy Online →
The US military has conducted strikes on Iran for the 13th consecutive night, with Iranian state media reporting four killed and five injured. President Trump said he would use frozen Iranian assets to fund damage to ships caused by attacks, while Iran's Foreign Minister condemned the threat as an incendiary precedent.
24 July 2026 · Joy Online →
Yemen's Houthi fighters have attacked shipping in the Red Sea, forcing vessels to turn back from the Bab El Mandeb strait and threatening to disrupt the main maritime route from Europe to Asia. The attacks come amid escalating US-Iran strikes and a Saudi-nuclear deal that has raised regional tensions.
23 July 2026 · Joy Online →
Oil prices rose more than 1.5% to their highest in more than six weeks as the United States launched new strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea. Brent crude futures rose to $96, while U.S. West Texas Intermediate crude rose to $88.27, driven by escalating tensions over control of key shipping routes including the Strait of Hormuz.
23 July 2026 · Joy Online →
The US and Saudi Arabia have signed a "peaceful nuclear co-operation agreement" that will allow the Gulf kingdom to develop a civilian nuclear programme and provide American companies access to the Saudi nuclear energy program. The deal reportedly could allow Saudi Arabia to enrich uranium in the future, which experts say would be a first for the US and carries risks of nuclear proliferation in the region.
22 July 2026 · Joy Online →
Brent crude futures rose 0.55% to $91.51 and U.S. West Texas Intermediate climbed 0.36% to $84.64 after U.S. forces struck Iranian military targets for the 11th straight night and Kuwait reported Iranian drone attacks. Fears of supply disruptions intensified as Yemen's Houthis threaten to target vessels carrying Saudi oil in the Red Sea.
22 July 2026 · Joy Online →
Oil prices settled over 1% higher on Monday as traders weighed hopes of renewed U.S.-Iran negotiations against Yemen's Houthis imposing a naval blockade against Saudi Arabia. Brent crude futures rose $1.12 to $89.22 a barrel, while U.S. West Texas Intermediate closed 74 cents higher at $83.23.
21 July 2026 · Joy Online →
Yemen's Iran-backed Houthis have announced a "maritime embargo" against Saudi Arabia in retaliation for a Saudi blockade of ports and airports in Houthi-controlled north-western Yemen. A Houthi media official said they were closing the Bab al-Mandab Strait to Saudi vessels, drawing a response from Saudi Arabia's foreign ministry condemning the move.
20 July 2026 · Joy Online →
Iran's Supreme Leader Mojtaba Khamenei was absent from his father's funeral on Sunday, with senior regime figures and thousands attending. Speculation about Mojtaba's condition has continued after rumors he was wounded in US-Israel air strikes that killed his father, and he has not appeared in public since his appointment in early March.
5 July 2026 · Joy Online →