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Tuesday, June 18

Tensions, oil prices rise after new attacks on Gulf tankers

Oil prices settled 2.2 per cent higher overnight after attacks on two tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world’s key shipping routes.

Trump threatens Iran with "official end" as tensions rise

US President Donald Trump has threatened Iran in a tweet, raising concerns about a potential US-Iran conflict at a time when tensions between Washington and Tehran have risen.

A Saudi-owned oil tanker, one of four sabotaged off the UAE. Photo: supplied

US urges action "short of war" over oil tanker sabotage

The US ambassador to Saudi Arabia says Washington should take what he called “reasonable responses short of war” after it had determined who was behind attacks on oil tankers off the coast of the United Arab Emirates.

Oil tanker sabotage stokes US-Iran tensions

Saudi Arabia says two of its oil tankers are among those attacked off the coast of the United Arab Emirates, describing it as an attempt to undermine the security of crude supplies amid heightened US-Iranian tensions.

Saudi Arabia severs Iran ties amid execution fallout

Saudi Arabia has announced it is severing diplomatic relations with Shiite powerhouse Iran amid escalating tensions over the Sunni kingdom’s execution of a prominent Shiite cleric.