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Events

Live coverage of the big market-moving stories that run for weeks, such as the third Gulf war, the Strait of Hormuz crisis and the Red Sea. Each event has one page where every related story gathers within minutes of publication, with a "what changed" line for each update, a situation summary refreshed as things develop, the key facts, and how oil, gold and the related stocks have moved since the event began and today. Big events contain smaller ones, each with its own page, so you can follow the whole picture or go into the detail. Below the live coverage are the events that have gathered three or more updates, ordered by their latest development.

AllBreakingDevelopingOngoingFadingResolved
AllCentral BanksForexCommoditiesStocksCryptoMacroGeopolitics
Commodities
HOUSDCLUSDBZUSD
Breaking
Commodities

US North-East Faces Heating Crisis as Oil Prices Hit Record Highs

The US North-East is facing a heating crisis with record oil prices due to the conflict with Iran, prompting a reassessment of natural gas pipeline opposition. A US naval blockade has depleted Iran's offshore crude reserves and caused a $25 billion revenue loss, forcing Chinese refiners to seek alternative suppliers in Brazil and West Africa. Despite increased non-Iranian oil exports under US protection, the IRGC has claimed attacks on several vessels in the Gulf, while Tehran warned of potential strikes against US regional bases.

7 updates·Last update 39 minutes ago
HOUSDCLUSD+1
Commodities
CLUSDBZUSD
Breaking
Commodities

Drone Attack on Saudi Shaybah Oil Field Causes Casualties

On October 22, drone attacks claimed by the Houthi group targeted Saudi Arabia's Shaybah oil field and Dammam airport, resulting in multiple casualties including four deaths. Global oil prices climbed above $110 per barrel following the strikes as market concerns grew over energy infrastructure security. While the Houthis reported broader attacks on strategic sites in Riyadh and Yanbu, Saudi authorities confirmed the specific impacts at Shaybah and Dammam.

12 updates·Last update about 2 hours ago
CLUSDBZUSD
Geopolitics
CLUSDBZUSD
Breaking
Geopolitics

US Orders Personnel Evacuation from Saudi Arabia After Shaybah Oilfield Attack

The United States ordered non-emergency personnel to evacuate Saudi Arabia following Houthi drone attacks on Saudi Aramco’s Shaybah oilfield, which resulted in two fatalities. These security threats drove Brent crude prices to surge, reaching $114.14 per barrel by October 23. In response to the attacks on energy infrastructure, President Donald Trump classified petroleum production as vital to national defense. Additionally, the Defense Production Act was invoked to provide financial incentives for the U.S. oil and gas industry.

3 updates·Last update about 9 hours ago
CLUSDBZUSD