Day: August 9, 2026

Iran Rejects US Talks, and Trump is Showing Restraint

Energy News Beat Iran has ruled out direct negotiations with the United States for now, citing repeated violations of a short-lived interim peace memorandum of understanding signed in June, while President Donald Trump has signaled a patient, restrained approach focused on economic pressure rather than immediate new military action. The standoff continues to leave the […]

Saudi Arabia Attacked Again, and is Gearing Up for Retaliation. What Does This Mean for Oil

Energy News Beat Yemen’s Iran-aligned Houthis claimed a drone strike on Saudi Aramco’s Jazan (also spelled Jizan) refinery on Sunday, August 9, 2026, just two days after the kingdom signed a major trilateral defense pact. Saudi Arabia’s Energy Ministry reported a fire at a facility within the complex that was extinguished with no injuries. This […]