Aramco Slashes Asia Oil Price, Saudi-Backed Forces Target Houthis, Super-Rich Leave UK
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Saudi Aramco cuts its flagship oil price for Asia to a six-year low as the Iran war continues to weigh on OPEC+ production. Oil flows through the Strait of Hormuz continue to recover despite persistent regional tensions, while Saudi-backed Yemeni forces work to retake Houthi-held areas. Iran faces growing economic strain seven months into the war, as the Pentagon redeploys bombers from a UK base. Pakistan says talks linked to the Mecca pact are set to take place in Riyadh. Weak US jobs data eases concerns over further Fed tightening, while Treasury yields retreat from multi-decade highs. Bond-market volatility remains at its highest in more than a year, as Scott Bessent downplays concerns over rising yields. New details emerge in the Flydubai investigation, with reports that the co-pilot had previously lost a job over extremist views. Brazil heads toward an Oct. 25 runoff between Jair Bolsonaro and Luiz Inácio Lula da Silva, while Taiwan’s US envoy discusses growing Taiwanese investmen
Tags: Abeer Abu Omar, Africa, Bloomberg, Bloomberg News, Bloomberg TV, Bloomberg Television, Brazil, China, Donald Trump, Economy, Filipe Pacheco, Government Bonds, Iran, Israel, Jair Bolsonaro, Luiz Inacio Lula da Silva, Middle East, Mideast, OPEC, Oil
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