Iraqi PM visits Turkiye to boost ties despite complex challenges
Discussions to focus on ‘strategic cooperation’, as well as issues related to security, water and the economy.
![America's war on Iran has cost the US nearly $110 billion. Now, the Trump administration wants another $67 billion. [Al Jazeera]](/wp-content/uploads/2026/07/image-1784844245.jpg?resize=770%2C513&quality=80)
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EXPLAINER
How shipping insurance rates are rising, as Hormuz, Bab al-Mandeb shut down
Insurance rates through Hormuz are currently four times the five-year average.
Why a North Sea oilfield is emerging as British PM Burnham’s big test
Reports suggesting the new British PM might allow drilling in the North Sea have excited Donald Trump, divided locals.
![Protesters in Shetland campaigning against the proposed oil drilling project [Photos courtesy of Andrea Sanchez Quiroz]](/wp-content/uploads/2026/07/Shetland-Stop-Rosebank-1784806074.jpeg?resize=770%2C513&quality=80)
EXPLAINER
Iran, Houthis strike tankers as US bombing continues: What’s the latest?
With the Houthi naval blockade, shipping disruptions now impact the Bab al-Mandeb strait in addition to Hormuz.
EXPLAINER
Can the Suez save Asian oil consumers after Houthis shut Bab al-Mandeb?
About 6 million barrels of crude per day that pass through the strait to Asia are now at risk, experts say.
EXPLAINER
Iran war’s $37bn price tag: Why does the Pentagon want $67bn more?
The US must rapidly replenish its stockpiles of weapons as the war on Iran rages on.
EXPLAINER
Saudi Arabia slams Houthi blockade: How will rest of the world be impacted?
Saudi Arabia has condemned the Houthi naval blockade that could impact oil flow to importers of Saudi oil.
EDITOR'S ANALYSIS
Iran war: Look beyond stocks to understand state of economy, experts say
Yields on 10-year US Treasury bills, a bellwether for inflation, are up 60 basis points since the start of the Iran war.
US attacks Iran for 10th consecutive night
Washington vows revenge for US military casualties, while Iran claims attacks on US sites across the region.
EU pauses methane penalties amid energy crisis, US pressure
The European Commission says waiving penalties will ensure the security of energy supply.
Petrol prices climb as US–Iran tensions disrupt markets
US petrol prices reach $4.00 per gallon (3.78 litres), marking the second week of increased costs for consumers.
