Trump faces setbacks in two Middle East conflicts

President Donald Trump’s efforts to quiet two Middle Eastern conflicts faced setbacks as both Israel and Iran raised new obstacles to proposed deals.

Yemeni troops conducted a military operation targeting Iran-backed Huthi militants on Saturday. A spokesperson for the country’s armed forces condemned the group, saying it has “dragged Yemen into regional conflicts in service of foreign agendas and schemes.” The Huthis are among several Iranian proxies that have threa

The Consumer Price Index (CPI), according to official Falkland Islands figures, recorded a quarterly increase of 3.4% as a result of the impact of higher fuel prices.

Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1% Business live – latest updates US employers unexpectedly lost 23,000 jobs in July and job gains for the previous two months were revised down sharply, as the summer slump in job growth continued amid ongoing conflict

On Friday, oil prices experienced a modest rise amid shipping uncertainties in the Strait of Hormuz. Traders exhibit caution regarding transit through this critical route. Meanwhile, US President Donald Trump hinted at a potential resolution to the ongoing conflict. Additionally, Iran and Oman are exploring new transit

Petrobras posts third-highest profit as Middle East conflict lifts oil prices  Reuters