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Saudi Arabia is in talks to purchase interceptor drones: WSJ

Saudi Arabia is negotiating to acquire Ukrainian air-defense systems, including interceptor drones and electronic warfare capabilities, to counter Iranian Shahed drones. The potential deal, valued in the millions, is not yet finalized. Gulf states are implementing Ukraine’s drone interception and signal-jamming techniques to complement existing missile defenses, with Qatar and the U.S. also exploring similar counter-drone technologies.

Saudi Arabia is in talks to purchase interceptor drones: WSJ Saudi Arabia is negotiating to acquire Ukrainian air-defense systems, including interceptor drones and electronic warfare capabilities, to counter Iranian Shahed drones. The potential deal, valued in the millions, is not yet finalized. Gulf states are implementing Ukraine’s drone interception and signal-jamming techniques to complement existing missile defenses, with Qatar and the U.S. also exploring similar counter-drone technologies.

2 mins ago
NIO shares have increased 11.03% following the Chinese electric vehicle manufacturer's announcement of its first net profit.

NIO shares have increased 11.03% following the Chinese electric vehicle manufacturer's announcement of its first net profit.

32 mins ago
Oil futures extended losses. U.S. and Brent crude were down by $16 a barrel.

Oil futures extended losses. U.S. and Brent crude were down by $16 a barrel.

1 hour ago
Four Iranian diplomats were killed in Lebanon on Sunday in an Israeli attack, according to Nournews, citing a diplomat.

Four Iranian diplomats were killed in Lebanon on Sunday in an Israeli attack, according to Nournews, citing a diplomat.

2 hours ago
Trafigura group secures $3 billion credit buffer

Commodity trader Trafigura group has secured a $3 billion credit facility to mitigate the impact of significant commodity price fluctuations that can lead to substantial margin calls.

This liquidity buffer complements its existing $5.8 billion revolving credit line and is available for use during periods of market volatility.

The action follows anticipation of potential oil price increases should the Strait of Hormuz remain closed, reminiscent of the financing challenges experienced during the 2022 energy price surge.

Trafigura group secures $3 billion credit buffer Commodity trader Trafigura group has secured a $3 billion credit facility to mitigate the impact of significant commodity price fluctuations that can lead to substantial margin calls. This liquidity buffer complements its existing $5.8 billion revolving credit line and is available for use during periods of market volatility. The action follows anticipation of potential oil price increases should the Strait of Hormuz remain closed, reminiscent of the financing challenges experienced during the 2022 energy price surge.

2 hours ago
Spot gold rose nearly 2% to $5,234.06/oz.

Spot gold rose nearly 2% to $5,234.06/oz.

2 hours ago
Iraq is attempting to resume Kirkuk oil flow, according to a ministry spokesman.

Iraq is attempting to resume Kirkuk oil flow, according to a ministry spokesman.

3 hours ago
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