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Saudi Crown Prince Mohammed bin Salman arrived in Washington on Tuesday for his first official visit since 2018, marking a significant milestone in US-Saudi relations. The visit is set against the backdrop of a complex diplomatic landscape, one that has seen fluctuating ties between the two nations in recent years. The Crown Prince’s return to the White House follows a period of tension under President Joe Biden’s administration, which had openly criticised the Kingdom’s human rights record and distanced the US from the Saudi leadership.

Under Biden’s presidency, relations between Washington and Riyadh reached a nadir, especially after the murder of journalist Jamal Khashoggi in 2018, a crime widely attributed to the Crown Prince, though he denies any personal involvement. Biden’s stance was clear: he aimed to reassess US relations with Saudi Arabia, placing emphasis on human rights and security policies. However, the trajectory of US-Saudi relations changed dramatically with the arrival of President Donald Trump in 2017.

During Trump’s tenure, the US-Saudi relationship experienced a marked shift, primarily driven by shared strategic and economic interests. In 2018, Trump’s visit to Riyadh helped to reset relations, with the Kingdom committing to invest $600 billion in the US over a four-year period. This pledge included investments in infrastructure, technology, and energy projects, bolstering the economic ties between the two nations and reaffirming the strength of their partnership.

The current visit by the Crown Prince is seen as a continuation of this reset, highlighting the importance of economic collaboration and security coordination between the US and Saudi Arabia. In particular, the two countries share key interests in the Middle East, such as counterterrorism efforts and stability in the region, particularly concerning Iran’s increasing influence and its nuclear ambitions.

During his visit, Crown Prince Mohammed is expected to meet with President Joe Biden, along with other senior officials, to discuss a range of issues. While human rights will likely remain a topic of conversation, the focus of the visit is expected to be on strategic cooperation in areas such as energy, defence, and regional security. A key part of the talks is likely to centre around energy policy, particularly as the world grapples with rising oil prices and energy security concerns exacerbated by the war in Ukraine.

Energy is a central pillar of the relationship between the two countries. Saudi Arabia, as one of the world’s largest oil producers, has long played a crucial role in global energy markets. The Kingdom’s ability to influence oil production levels has made it an indispensable partner for the US, which continues to rely on energy imports and stability in the oil market. As the world moves toward cleaner energy solutions, Saudi Arabia has also signalled its intention to diversify its economy and reduce its dependence on oil exports. In this context, discussions about investment in renewable energy projects and technological partnerships are likely to be on the agenda.

Security cooperation, too, will be high on the list of priorities during the Crown Prince’s visit. Saudi Arabia’s security concerns, particularly regarding Iran’s nuclear ambitions and the ongoing conflict in Yemen, are central to the Kingdom’s foreign policy. The US has been a key ally in providing military support, including arms sales and joint military exercises. However, the Biden administration has expressed concerns about the scale of arms deals with Saudi Arabia, especially in light of the war in Yemen and the humanitarian crisis it has caused. Despite these concerns, the strategic necessity of maintaining a strong defence relationship remains a key point of discussion.

The meeting comes at a pivotal moment in global geopolitics. The US and Saudi Arabia are both facing the challenge of navigating a shifting world order, characterised by growing tensions with China and Russia, and increasing instability in the Middle East. While Biden’s administration has sought to balance human rights with strategic concerns, the importance of the US-Saudi relationship cannot be overlooked. The outcome of this visit could lay the foundation for the future of US-Saudi ties, particularly as the global energy landscape continues to evolve and new geopolitical challenges emerge.

By Dr. Arun Mitra On October 29, U.S. President Donald Trump announced that ‘Because of other countries testing programs, I have instructed the Department of War [the Pentagon] to start testing our nuclear weapons on an equal basis. That process will begin immediately. This statement is not only disturbing but also extremely dangerous’. The last […]

The article US Cannot Be Allowed To Push The World To The Nuclear Precipice appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Girish Linganna The prisoner-hostage exchange between Israel and Hamas has been completed successfully, and many are calling it a major victory for peace. Twenty Israeli hostages returned home in exchange for about 2,000 Palestinian prisoners, aid started flowing back into Gaza, and guns fell silent after months of devastating conflict. But anyone familiar with […]

The article A House Built On Sand: The Fault Lines In Trump’s 20 Point Gaza Peace Plan appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Hamas has handed over seven Israeli hostages to the International Committee of the Red Cross, fulfilling the first phase of a broad ceasefire and prisoner­exchange accord with Israel. The hostages are now in Israeli custody, and more releases are expected in the coming hours.

The released individuals—identified as Matan Angrest, Guy Gilboa Dalal, Alon Ohel, Gali Berman, Ziv Berman, Eitan Mor and Omri Miran—were transferred through Gaza to a reception point near the border, where they reunited with family members and began medical assessments. Under the terms of the deal, they will be swiftly transported to Israeli hospitals for further care.

Alongside the handover, Hamas published the names of all 20 Israeli captives slated for release in the deal’s first stage. Among the names are Bar Abraham Kupershtein, Evyatar David, Yosef-Chaim Ohana, Segev Kalfon and Avinatan Or—adding to the list previously released to the media. Israel has warned Hamas that any mistreatment or propaganda stunts during the transfer would provoke retaliation.

The agreement accompanying the hostages’ release calls for Israel to free more than 1,900 Palestinian prisoners. That includes women, children and individuals serving long sentences. As per the deal, Israel must also return the bodies of 28 deceased captives. Hamas has acknowledged some uncertainty about certain remains, citing burial under debris and loss of access to previous guard posts.

The exchange is part of a U. S.-brokered “21-point” plan, mediated by Egypt, Qatar and other parties. Provisions include a phased withdrawal of Israeli forces from key areas in Gaza, the reopening of humanitarian corridors, and reconstruction efforts under an international framework. As part of the agreement, President Donald Trump and regional leaders are convening in Egypt to formalise implementation.

Hamas’ Gaza chief, Khalil Al-Hayya, said the group has secured guarantees from U. S. mediators and Arab sponsors that the conflict is “ended,” highlighting that the release of 20 living hostages would occur within 72 hours of the agreement taking effect. Hamas insists it will “faithfully uphold” its terms, while reserving the right to resume fighting if Israel fails to meet its commitments.

Israeli officials emphasised that the ceasefire and release process are conditional and subject to strict oversight. The Israeli cabinet has approved the deal, though several ministers from the far-right bloc opposed it. Prime Minister Benjamin Netanyahu’s office warned that any violation by Hamas would void the agreement and trigger military responses.

Public reaction in Israel has been emotional. Tens of thousands gathered in Tel Aviv’s Hostages Square to watch televised feeds of the transfers. Families expressed cautious optimism over the hostages’ return. In Gaza, displaced residents and aid agencies are gearing up to facilitate relief efforts under the newfound calm.

By Girish Linganna In a move that would have seemed unthinkable just a few years ago, Taliban Foreign Minister Amir Khan Muttaqi arrived in New Delhi on October 9 for an eight-day official visit that marks a watershed moment in India’s foreign policy. His meetings with External Affairs Minister S. Jaishankar, followed by visits to […]

The article The Price Of Pragmatism: What India Gains (And Loses) By Courting The Taliban appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Oil prices are sliding as traders cite mounting unsold Middle Eastern crude and weakening demand from key importers. This shift raises prospects of a global oversupply even as OPEC+ debates its next policy move.

Estimates from trading houses place unsold crude cargoes for November loading in the Middle East between 6 million and 12 million barrels. These volumes represent a departure from usual patterns where discount-seeking buyers quickly absorb surplus cargoes. Market participants point to a combination of subdued Chinese demand and logistical bottlenecks as contributing factors.

Spot premiums on benchmark grades such as Oman, Dubai and Murban have plunged below $2 per barrel, reflecting the discounts sellers are forced to offer to entice buyers. One trading analyst noted that the drop in premiums signals heightened desperation amid a buyer’s market for Middle Eastern crude.

China, a traditional backstop for surplus exports, is showing signs of pulling back. In May, China recorded a crude surplus of 1.4 million barrels per day—indicating that imports significantly outpaced refinery throughput. That accumulated surplus suggests refiners are prioritising inventory building over active processing, perhaps in anticipation of future market volatility.

Iran adds another layer of complexity. Tanker-tracking firms estimate that between 23 million and 33 million barrels of Iranian crude are currently held in floating storage. While Iran’s oil minister has denied any unsold inventory, satellite and maritime data paint a different picture. Analysts say the discrepancy reflects the country’s use of ship-to-ship transfers and “ghost fleet” operations to obscure the origin and movement of crude, especially in shipments headed for China.

These movements coincide with a broader recalibration in OPEC+ strategy. Some member states, notably Iraq, have increased destination-free exports, signalling an intent to saturate markets and regain influence with trading partners. Iraq’s shipment of Basrah Medium crude is projected to rise significantly in the coming month, following a period in which pledged output increases by coalition members have lagged deliveries.

Many analysts believe that OPEC+ will proceed cautiously in its production decisions. A sudden output cut might stoke accusations of market manipulation, while continued supply expansion could exacerbate falling price trends. Ahead of its upcoming meeting, the group faces the dilemma of balancing the need to safeguard revenue against the risk of triggering a price collapse.

Meanwhile, U. S. domestic supply is contributing to uncertainty. The Energy Information Administration reports that U. S. output has strengthened marginally, offset by curtailed imports of Russian crude under tightened sanctions. But some industry observers warn that U. S. production may have peaked. One petroleum engineer pointed to a 12 percent decline in output from October 2024 to June 2025, citing state-level data that may undercut EIA projections.

Oil futures reflect growing anxiety. Brent crude and West Texas Intermediate have posted their steepest weekly drops since June, falling over 8 percent in some benchmarks amid concerns that global inventories will build significantly. Traders increasingly view OPEC’s next move as critical in determining whether markets stabilise or cede ground to excess supply.

In this environment, floating storage becomes a more active tool. The accumulation of oil held offshore is not just a symptom of imbalance but a way to temporally manage supply pressure. Floating oil reserves enable sellers to delay deliveries until market conditions improve—or until buyers return.

Refiners in Asia and Europe are approaching capacity constraints. Some are cutting processing rates or entering maintenance periods, reducing appetite for new crude. Because many surplus cargoes are being offered on destination-free terms, they face competition across regions—and the lack of clear demand is forcing suppliers to lengthen delivery offers or scale back premiums.

If the pricing squeeze deepens, some producers may respond by cutting output unilaterally. Others might seek to promote further cooperation on coordinated supply restraint, though such moves carry reputational risk if markets judge them as manipulative. Meanwhile, importers in developing markets—particularly in Africa and Southeast Asia—could benefit from cheaper crude. But those gains may not offset pressure on oil-producing economies that rely heavily on export revenue to fund budgets and social programmes.

By K Raveendran The global oil market is once again caught between geopolitics and fundamentals, as a new set of developments forces traders, producers, and consumers to recalibrate expectations. With the United States and the European Union signalling a hardening of positions on Russian oil, and with the Middle East simmering in heightened tensions, Brent […]

The article World Oil Flows At A Critical Juncture As India, US Try To Hammer Out A Deal appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

A pivotal online gathering on Sunday will determine whether the Organisation of the Petroleum Exporting Countries and its allies proceed with further oil production increases or hold current levels. The group has already rolled back its earlier cuts by 2.5 million barrels per day, equivalent to around 2.4 per cent of global demand, and is now assessing whether to unwind the next 1.65 million bpd tranche ahead of schedule.

Markets responded to the impending meeting with cautious anticipation. Brent crude fell modestly, trading near $67 a barrel, while U. S. West Texas Intermediate hovered around $63–$64. Analysts, including those at ANZ, flagged that any additional supply could deepen the surplus during a typically weak demand season. The softening outlook has already rippled through equity markets: major oil producers and service firms such as APA, Occidental, Halliburton and Schlumberger saw their shares slip between 3 and 5 per cent.

Since April, OPEC+ has pursued an aggressive unwind of output curbs. Initial increases began with modest tranches but have since accelerated: April saw the first rise, followed by consistent monthly boosts—from 411,000 bpd in May, June and July to 548,000 bpd for August and 547,000 bpd for September. These decisions reflect strategic moves to regain market share amidst growing competition, especially from U. S. shale producers, and external pressures, including public calls from the U. S. administration to increase global supply.

Despite these ramped-up supplies, prices have retained considerable strength—hovering around the $70 mark—bolstered by low inventory levels and geopolitical constraints, particularly sanctions on Russia and Iran. Analysts at the Commonwealth Bank of Australia observe that OPEC+ now appears comfortable with Brent trading in the $60–$65 range, a level that could pressure U. S. shale operations by narrowing profit margins.

Meanwhile, data from the American Petroleum Institute indicated an unexpected rise of 622,000 barrels in U. S. crude stocks, counter to forecasts, adding another layer of downward pressure on prices. The situation reflects a delicate balance: rising supply meets lukewarm demand, particularly as global economic growth shows signs of softening in key regions like China, India and Brazil.

Executive voices within OPEC+ remain tight-lipped. No official statements were forthcoming from Riyadh or other capitals prior to the weekend meeting. Analysts remain split: some believe the group will maintain its current stance through October, exercising caution amid market saturation concerns. Others argue that continued increases are part of a calculated strategy to defend or expand market share well into next year.

Etihad Airways has stressed it has no set timetable for a public listing, affirming that its $20 billion expansion over the coming decade can be financed from within.

The airline’s chief executive, Antonoaldo Neves, confirmed it is prepared for an initial public offering, yet the decision remains with its shareholder—Abu Dhabi’s sovereign wealth fund, ADQ. He stated that “the time has not come yet”, emphasising that Etihad can self‑fund its next phase of growth.

Neves traced the shift in strategy to ADQ’s acquisition of Etihad in October 2022, which ushered in a focus on organic growth and strengthened regional connectivity through Abu Dhabi, rather than continuing merger or acquisition activity.

Passenger demand continues to rise, with traffic up 17 percent year‑on‑year and load factors climbing to 88 percent—up from 86 percent a year earlier. Despite a slowdown during the Israel-Iran conflict, bookings rebounded fully by the end of July, demonstrating robust consumer interest.

Etihad’s fleet exceeds 100 aircraft, spanning both Airbus and Boeing models. In May, the airline placed a major order with Boeing for 28 wide‑body jets—including 777X aircraft destined to replace its Airbus A380s after 2030. Neves also revealed plans to supplement fleet expansion via secondhand aircraft and lessor sourcing.

This public statement builds upon a broader narrative unfolding over the past year. Etihad reported profitability in 2022 and 2023—92 million dirhams and 525 million dirhams respectively—after years of losses. The airline has been enhancing transparency, governance, and operational efficiency, eliminating underperforming routes and returning grounded aircraft to service.

Earlier projections had flagged a possible IPO no earlier than 2025, allowing Etihad to bolster its financials before a listing. Speculative growth targets under its “Journey 2030” strategy include expanding to over 125 destinations and substantially growing its fleet.

Other commentary from February 2025 suggested Neves intended to float a stake of up to 20 percent on the Abu Dhabi stock exchange, possibly valuing the airline at $5 billion, and underscored his readiness for a float—though final approval again resides with ADQ.

Throughout this period, Etihad has forged strategic alliances. A landmark joint venture with China Eastern Airlines will coordinate schedules and revenues on selected routes from 2025, the first such pact between Middle East and Chinese carriers. Additionally, the airline has broadened its network through expanded service offerings to emerging and mid‑distance markets, positioning Abu Dhabi as a strategic travel hub.