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The Latest Breaking News from Saudi Arabia

What does Erdogan’s re-election mean for Turkey-Gulf relations?

Economic and defence deals, along with the Turkish president’s personal ties with regional leaders, to boost relations.

Al Jazeera

Blinken visits Saudi Arabia amid strained ties, Israel normalization in mind

U.S. Secretary of State Antony Blinken arrived in Saudi Arabia on Tuesday on a mission to steady Washington's relationship with Riyadh after years of deepening disagreements on issues ranging from Iran and regional security to oil prices.

Reuters

Lionel Messi makes special request in Saudi transfer talks after Barcelona stance revealed

Saudi Arabian club Al-Hilal and Barcelona are hoping to sign Lionel Messi on a free transfer following the Argentine forward's departure from Paris Saint-Germain

Daily Mirror

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Crude Prices Find Support as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) on Monday closed up +0.41 (+0.57%), and July RBOB gasoline (RBN23 ) closed up +2.37 (+0.95%). Crude oil and gasoline prices Monday posted moderate gains, with crude climbing to a 1-month high. Crude prices rallied Monday after Saudi Arabia said it would cut its...

Barchart

Newcastle's owners complete takeover of FOUR clubs including Cristiano Ronaldo's Al-Nassr

Saudi Arabia's Public Investment Fund has taken majority stakes in Al Nassr, Al Hilal, Al Ahli and Al Ittihad as the Middle East becomes an increasingly tempting proposition for Europe's leading stars

Daily Mirror

US committed to Saudi-Israeli normalisation, Blinken tells AIPAC

Antony Blinken tells lobby group that ties between Israel and Saudi Arabia are in ‘national security interest’ of US.

Al Jazeera

Crude Prices Jump as Saudi Arabia Cuts Crude Production

July WTI crude oil (CLN23 ) this morning is up +1.19 (+1.66%), and July RBOB gasoline (RBN23 ) is up +4.01 (+1.60%). July Nymex natural gas (NGN23 ) is up +0.121 (+5.57%). Crude oil and gasoline prices this morning are moderately higher, with crude posting a 1-month high. Crude prices...

Barchart

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Transfer Rumors: Messi Mulls Offers; Benzema Exit Opens Door for Kane to Real

Lionel Messi and Karim Benzema are both reportedly considering blockbuster moves to Saudi Arabia in this week’s transfer roundup.

Sports Illustrated

Stocks Mixed as Energy Stocks Gain after Saudi Arabia Cuts Crude Production

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.44%. U.S. stocks this morning are mixed. Energy stocks are...

Barchart

Iran to reopen embassy in Saudi Arabia after seven years

The move comes in accordance with a China-brokered agreement between Tehran and Riyadh.

Al Jazeera

Tyson Fury and Oleksandr Usyk to split huge purse for heavyweight clash as figure revealed

Heavyweight champions Fury and Usyk are expected to meet in Saudi Arabia at the end of the year and the rivals could split a massive £120million purse for the undisputed fight

Daily Mirror

Yemeni activist who revealed Houthi sexual abuses ‘detained by Saudi Arabia’

Samira al-Houri disappeared after allegations that claims of female prisoners being raped were embellished

The Guardian - UK

Markets Today: Stocks Mixed with Energy Stocks Climbing as Saudi Arabia Cuts Oil Production

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.1%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.15%. U.S. stock index futures this morning are mixed. Energy stocks are climbing in pre-market trading as crude prices jumped more than +2% to a 1-month...

Barchart

Karim Benzema signs deal to join Saudi Arabia’s Al-Ittihad from Real Madrid

Karim Benzema has signed documents to join the Saudi Arabian club Al-Ittihad after confirming his departure from Real Madrid

The Guardian - UK

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Reuters

Iran to reopen its embassy in Riyadh on Tuesday - Fars news

Iran will reopen its embassy in Saudi Arabia’s capital on Tuesday, Iranian sources told semi-official Fars news agency, months after Tehran and Riyadh agreed to end years of hostility.

The Guardian - UK

Brent crude price rises after Saudi Arabia agrees to cut oil output

Price gained more than 2% on Monday morning to touch one-month high of $78.73

Evening Standard

N’Golo Kante targeted for Saudi Arabia transfer as Chelsea uncertainty grows

French midfielder could follow Cristiano Ronaldo and Karim Benzema to the Gulf state, with Lionel Messi also in talks

The Guardian - US

Saudi Arabia warns Snapchat users that ‘insulting’ regime is a criminal offense

Users of the social media app have faced legal consequences for posts – some private – that are critical of Saudi authorities

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Reuters

Venezuela's Maduro visits Saudi Arabia -state media

Venezuelan President Nicolas Maduro arrived in Saudi Arabia on Monday, state media reported, as the kingdom continues to expand its diplomatic outreach beyond traditional Western alliances.

The Independent UK

Saudi Arabia welcomes Venezuelan leader Maduro, reaching out to yet another US foe

Saudi Arabia has welcomed Venzuelan President Nicolas Maduro on an official visit, reaching out to yet another U.S. foe as the oil-rich kingdom engages in a flurry of diplomacy

The Guardian - UK

Oil price up after Saudi Arabia cuts output; UK mortgage rates and car sales rise – as it happened

Rolling coverage of the latest economic financial news, as Brent crude hits $78/barrel and new car market records longest period of growth since 2015

Reuters

Israeli energy minister opposed to idea of civilian Saudi nuclear programme

Israel's energy minister voiced opposition on Monday to the idea of Saudi Arabia developing a civilian nuclear programme as part of any U.S.-mediated forging of relations between the countries.

Bangkok Post

Most Asian shares rise, oil prices up after Saudi output cuts

SYDNEY: Most Asian share markets rose on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed US jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts.

Bangkok Post

Saudi Arabia slashes output further to boost oil price

VIENNA - Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

WEKU

Saudi Arabia cuts oil production again to shore up prices — this time on its own

OPEC+ countries also agreed to extend oil production cuts they announced in April through the end of 2024, reducing production by more than 1 million barrels per day.

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