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Palantir chair and co-founder Peter Thiel has bought a 1% stake in Argentina's Vista, one of the largest oil companies operating in the country's Vaca Muerta shale formation, according to a U.S. Securities and Exchange Commission filing. The filing, published on Friday, comes four months after the tech billionaire met with Argentine President Javier Milei in the presidential palace, after which Milei told a local media outlet they discussed economic policies and his opposition to wealth [Read more]

Iran has not decided to resume talks with the United States, and messages being exchanged via Qatar and Pakistan do not amount to negotiations, Foreign Minister Abbas Araqchi said in an interview published on Saturday. Araqchi told Iranian news outlet Shahrara News that separate talks with Oman were focused on defining a sea route through the Strait of Hormuz, while the United States would have to meet conditions for shipping to resume through the waterway. (Reporting by Eman Abouhassira and [Read more]

Iran called on the U.S. to accept defeat while President Donald Trump blasted Iran as "evil" and urged Americans to brace for continued high fuel prices. The comments suggested the warring parties remained far apart, with progress toward peace talks and oil tanker traffic through the strategic Strait of Hormuz waterway both halted. "This strait will be opened and closed only under Iran's command, and so long as you do not accept the reality of defeat and stop indulging in fantasies, Iran will [Read more]

UAE's Abu Dhabi National Oil Company said on Saturday that one of its vessels came under attack while transiting the Strait of Hormuz a day earlier, the Emirati state news agency WAM reported. The state oil company said no injuries were reported, with the situation now under control, according to WAM. The attack was the third such incident involving ADNOC vessels in less than a week. The UAE had accused Iran of being behind the earlier attacks, but there was no official comment from the UAE on [Read more]

Iran's Deputy Foreign Minister Kazem Gharibabadi said early Saturday that Tehran would not be intimidated by threats or a show of force by Washington after U.S. President Donald Trump said he would declare the Strait of Hormuz a U.S. territory. Commenting on Trump's statements, Gharibabadi said in a post on X that the strategic waterway would only be opened or closed under Iran's authority. (Reporting by Menna Alaa El-Din and Enas Alashray, Editing by Franklin Paul) [Read more]

U.S. energy firms this week added rigs for the second time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, rose by five to 593 in the week to August 14, its highest since March 2025. Baker Hughes said this week's increase puts the total count up 54 rigs, or 10%, over this time last year. Baker Hughes said oil rigs rose by one to 455 this week, their highest since May 2025, [Read more]

Yemen's Houthis said they targeted an Aramco facility in the Saudi city of Najran with a drone, the group-run SABA news agency reported on Friday, citing a military source. The source said the attack was in response to what it described as Saudi military aircraft violating Yemen's sovereignty by entering airspace over the northeastern part of Saada governorate. There was no immediate confirmation from Saudi authorities or Aramco. It was not immediately clear from the report whether the [Read more]