Yemen’s Houthis attack Saudi tankers in the Red Sea, threatening to widen Iran war

CAIRO (AP) — Yemen’s Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea on Thursday, potentially widening the Iran war as international oil topped $100 a barrel. The Houthis have threatened to shut down another … Read More

Exclusive-Pakistan seeks $10 billion in US backstop facility to boost reserves, source says

posted in: Breaking News, Middle East, News

WASHINGTON, July 21 (Reuters) – Pakistan has asked the United States for a $10 billion exchange stabilization facility, according to a source briefed on the matter, which, if approved, could provide a lifeline for the cash-strapped South Asian economy. The … Read More

Pakistan, mediator in US-Iran war, is now launching strikes in Afghanistan. Here’s why

Fighting along the Pakistan-Afghanistan border has intensified over the past month after a short Eid ceasefire in March ended and mediation efforts failed. Pakistan, a key mediator behind the Islamabad Memorandum of Understanding (MoU) signed between the United States and … Read More

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