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Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports

Yesterday when discussing China's unexpected flip-flopping on its decision to order local banks to ignore the latest US sanctions on Chinese, followed days later by a demand that they pause loans to sanctions refiners, we highlighted something remarkable: in the aftermath of the Strait of Hormuz blockade, which thro…

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Pictures of the week: From pupils returning to school in Kuwait to UK PM Keir Starmer voting in London | The National

Secondary school students wave the Kuwaiti flag as they gather in the grounds of the Fajr al-Sabah School to attend in-person classes in Kuwait City on May 3, 2026. High school students resumed in-person classes after a suspension of more than two months following military strikes launched by the US and Israel again…

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The Iran war will not succeed in changing the underlying mindset that defines the UAE | The National

I have travelled to the UAE countless times, in various capacities – privately, as Austria’s foreign minister and later as my country’s chancellor. In recent years, I have spent about one week per month here, even establishing an office in Abu Dhabi. In many ways, it has become a second home.

Original report

Disasters keep doubling

FIRST, we got hit by a double whammy of Covid-19 and Pharmally. Second, we reel from the spillover ravages of the Iran war after waking up to find flood control grafters had robbed us of our taxes. Both pairs of calamities sank the economy to new lows that left everyone worse off, especially the poor. All disasters,…

Original report

CIA Leak: Iran Can Survive Blockade Another 3 to 4 Months, Maybe Longer

Belying the Trump administration's claims that a US blockade on Iran's use of the Strait of Hormuz has the country on the ropes and its oil infrastructure in near-term peril, a confidential CIA analysis says Iran can persevere another three or four months, if not longer. In a second stark contradiction of White Hous…

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WATCH: Marcos: Asean calls for end to Mideast hostilities

President Ferdinand R. Marcos Jr. says Asean calls for an immediate end to hostilities in the Middle East, stressing that peace remains the bloc’s central appeal amid ongoing conflict involving Iran, Israel, and the United States. Speaking at the press conference during the 48th Asean Summit in Cebu on May 8, 2026, …

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