tisdag 4 augusti 2026
Middle East Crisis Oil Market
Bessent claims Iran talks are underway – oil price falls
The US and Iran could reach an agreement on the Strait of Hormuz as early as today or tomorrow. This is what US Treasury Secretary Scott Bessent claims in an interview with CNBC.
–We are in talks with the Iranians, he says.
Iran has previously denied that any talks are taking place.
The price of Brent oil is falling after the statement.
Oil company CEO: The war has not affected us
Oil giant Saudi Aramco is increasing profits. The company has managed to bypass the blockade of the Strait of Hormuz and has not been negatively affected by the attacks of the Houthi rebels, CEO Amin Nasser said today at a press conference.
– Some of our facilities have been attacked, but the effect has not been material, said Amin Nasser, according to Bloomberg.
In the second quarter of this year, Aramco delivered less oil than usual, but at a higher price. However, the company had higher overhead costs, according to Reuters.
Aramco has transported oil via pipelines to the port city of Yanbu on Saudi Arabia's west coast. Now it is working to increase the capacity of that oil pipeline.
-We are trying to be ready for the future with increased opportunities for our exports.
The US and Iran could reach an agreement on the Strait of Hormuz as early as today or tomorrow. This is what US Treasury Secretary Scott Bessent claims in an interview with CNBC.
–We are in talks with the Iranians, he says.
Iran has previously denied that any talks are taking place.
The price of Brent oil is falling after the statement.
Oil company CEO: The war has not affected us
Oil giant Saudi Aramco is increasing profits. The company has managed to bypass the blockade of the Strait of Hormuz and has not been negatively affected by the attacks of the Houthi rebels, CEO Amin Nasser said today at a press conference.
– Some of our facilities have been attacked, but the effect has not been material, said Amin Nasser, according to Bloomberg.
In the second quarter of this year, Aramco delivered less oil than usual, but at a higher price. However, the company had higher overhead costs, according to Reuters.
Aramco has transported oil via pipelines to the port city of Yanbu on Saudi Arabia's west coast. Now it is working to increase the capacity of that oil pipeline.
-We are trying to be ready for the future with increased opportunities for our exports.
French record - July hottest month ever
July was the hottest month ever recorded in France since records began in 1900, according to Météo-France.
That is 3.8 degrees above the average temperature for the month. This broke previous records from the heat waves in August 2003 and July 2006.
The month was also the third driest July on record, according to the meteorological institute. Precipitation was almost 70 percent below average, which has led to parched soil and a very high risk of fire.
The extreme conditions have contributed to the country being hit by a record number of fires. The forest fire in Gironde in southwestern France, which destroyed 42,000 hectares, is the largest in the country since 1949.
Petro: Fraud in last election
Colombia's outgoing President Gustavo Petro says he has evidence that the country's last presidential election was not fair.
- We are facing a fraud, Petro says at a press conference.
According to Petro, the election was subject to "systematic electoral fraud involving an enormous number of votes".
Left-wing senator Iván Cepeda lost the presidential election in June by 1 percentage point to his opponent, right-wing politician Abelardo de la Espriella, who has been supported by US President Donald Trump.
The victory for businessman and lawyer de la Espriella was secured by a margin of almost 251,000 votes.
According to Petro, de la Espriella plans to extradite Petro to the US on "false charges". He believes this would plunge Colombia into civil war.
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