Iran war

Iran fires missiles at commercial ships in Strait of Hormuz, Axios reports

The attacks come after indirect US-Iran talks ended last week without any public sign of headway toward a lasting peace.

How the Iran war ignited a clash between Trump and the Saudi Crown Prince

US President Donald Trump with Crown Prince Mohammed bin Salman of Saudi Arabia in Washington in 2025.

Oil rises as strike against tanker in Hormuz highlights risks

The strait – which links Persian Gulf producers to global markets – has partially reopened following its near-total closure triggered by the US-Iran war.

Body of Khamenei arrives in Qom ahead of procession

People attend a funeral procession for Iran’s late Supreme Leader Ayatollah Ali Khamenei in Tehran, Iran, on July 6.

While You Were Sleeping: 5 stories you might have missed, July 7, 2026

Mourners attending the funeral procession for Iran’s supreme leader Ali Khamenei in Tehran, on July 6, 2026.

Trump says there will either be a deal with Iran or US will ‘finish the job’

Mourners attending the funeral procession for Iran’s supreme leader Ali Khamenei in Tehran, on July 6, 2026.

News analysis

Khamenei funeral signals Iran’s defiance and new regional order

A vehicle carrying coffins of Iran’s late Supreme Leader Ayatollah Ali Khamenei and his family members in Tehran on July 6.

South Korea’s four oil refiners charged with price collusion

The prosecutors alleged that pricing managers at HD Hyundai Oilbank and SK Energy colluded on prices for their petroleum products shortly after the outbreak of the conflict in Iran earlier in 2026, Yonhap said.

The supertanker tycoon making millions on Hormuz shuttle runs

After an unprecedented buying spree, Chung Ga-Hyun’s Sinokor Group emerged as a major owner of supertankers moving crude out of the Persian Gulf.

Oil supply wave, tumbling prices rekindle fears of global glut

The physical oil market is flashing signs of weakness more extreme than any time since the demand collapse of Covid.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.