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The Latest Breaking News from Gulf

Why is Trump risking midterm disaster by resuming the unpopular Iran war?

Less than a month after hailing a ceasefire, Trump resumed strikes on Iran, a move experts warn could prolong the war and hurt Republicans before the midterms

The Guardian - US

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait…

The Economic Times

Australia expands its fuel buffer against Gulf turmoil

Australia's fuel reserves have hit all-time highs as the Iran conflict roils global oil markets, helping keep unleaded around $1.76 a litre in capital cities.

AAP

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While commercial ships and oil tankers struggled to get by, this Soviet-born billionaire’s $300 million superyacht left Dubai and cruised through the Strait of Hormuz on a 2,000-mile journey to the Maldives

Motor Yacht A, under the ownership of billionaire Andrey Melnichenko, recently traversed the Strait of Hormuz amidst increased military tensions that have prompted commercial vessels to postpone their voyages. Following the imposition of Western sanctions after Russia's invasion of Ukraine, Melnichenko relocated his assets to the Gulf, particularly after his…

The Times of India

Iranian strike damages a Kuwait desalination plant, exposing water vulnerability in dry Mideast

Iranian strikes have damaged a power and water desalination plant in Kuwait, highlighting the vulnerability of infrastructure in the Middle East

The Independent UK

Oil Producers Are Trying to Leave the Strait of Hormuz Behind. Iran Has Other Plans.

Governments across the Gulf are accelerating pipeline construction after Iran and its regional allies intensified attacks on commercial shipping, but experts say pipelines remain exposed to military strikes from Tehran.

International Business Times

UK strikes ‘biggest ever’ deal with European country amid e-gate and roaming agreement

The trade deal followers similar situations with India, the US, the EU, Gulf states and South Korea

The Independent UK

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US hits civilian infrastructure as it expands strikes against Iran

Tehran bombs US allies in Middle East after US attacks on bridges, energy facilities and key port

The Guardian - UK

Backed into a corner by Iran over the Strait of Hormuz, Trump may resort to even more reckless escalation

In a moment of brazen hubris in the Oval Office last year, US President Donald Trump railed at Ukrainian President Volodymyr Zelensky. He accused Zelensky of not being thankful for US support in Ukraine’s existential struggle against invading Russian forces, and famously told him: “You don’t have the cards”.

The Conversation

Supertanker hit with Hellfire missiles: How US-Iran conflict is spreading across the Gulf

The United States intensified its military campaign against Iran on Thursday, expanding its strikes, for the first time since reimposing its naval blockade, attacking an oil tanker with Hellfire missiles headed for Tehran's main export terminal.

The Times of India

Oil is crude once again! Is $95 the new normal and what it means for Indian investors?

Crude oil prices are rising again due to escalating Middle East tensions. This surge impacts India's import costs and government finances significantly. Higher oil prices will likely pressure the Indian rupee and fuel inflation. Indian equity markets may experience a broad risk-off reaction. Sectors like aviation and logistics face increased…

The Economic Times

US launches ‘wave of strikes’ on Iran, Tehran threatens to halt regional energy exports

The US military on Wednesday launched rare daytime attacks on Iran, including a 90-minute wave of strikes, as it reimposed a naval blockade on Iranian ports. Tehran responded with strikes on “US military targets” in Gulf states and threatened to halt energy exports in the region.

France 24

Chaos and confusion bring US no closer to resolution on strait of Hormuz

Five months of U-turns and false boasts leave Donald Trump in worse position than when he started

The Guardian - UK

US military intercepts ships trying to run reimposed naval blockade of Iran

Ongoing clashes over a Gulf waterway, vital to global energy supplies, have fuelled concerns of a return to a full-blown conflict.

Evening Standard

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International Business Times UK

Trump's 20% Shipping Fee Plan in Hormuz Collapses Less Than One Day After Announcement

Trump's 20% Hormuz shipping fee collapsed in less than a day after Gulf allies intervened, reviving debate over Trump's negotiating style as tensions with Iran escalated.

International Business Times UK

Trump's Hormuz Toll Gamble Ends Quickly: 20% Fee Abandoned After Single Day in Power Play

President Trump has reversed his proposal for a 20% toll on cargo through the Strait of Hormuz, following appeals from Gulf allies, opting instead for expanded trade and investment deals

Benzinga

Trump Abandons 20% Strait of Hormuz Fee, Says Gulf States Will Make 'Record' Investments in the US as CENTCOM Reaffirms Naval Blockade

President Donald Trump has abandoned the idea of imposing a 20% fee on all vessels traveling through the Strait of Hormuz after floating the idea on Monday, demanding compensation in exchange for safe passage through the waterway.

The Economic Times

Gold edges higher on soft US inflation, Gulf conflict clouds rate outlook

Gold prices saw a slight increase on Wednesday as inflation data eased rate hike worries. Renewed Middle East conflict and rising oil prices, however, limited gains for the precious metal. Traders now anticipate a lower probability of a U.S. interest rate increase this year. Investors await China's economic data, which…

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The Economic Times

Trump resumes Iran port blockade and threatens strikes on energy targets

President Donald Trump reimposed a naval blockade on all Iranian ports. He threatened to strike power plants and bridges next week unless negotiations resume. The US military also began fresh strikes to degrade Iranian capabilities used to attack shipping. Iran claims it closed the Strait of Hormuz after hostilities reignited…

International Business Times UK

Trump Scraps Hormuz Toll After One Day, Admits He Doesn't 'Like the Concept of a Fee'

President Trump has reversed his decision to impose a 20% toll on vessels in the Strait of Hormuz, opting for Gulf investment deals amidst escalating US-Iran tensions.

France 24

US military reimposes naval blockade on Iranian ports, launches new strikes

US forces on Tuesday reimposed a naval blockade to prevent ships from sailing to or from Iran's ports and conducted strikes against the country for a fourth day in response to Tehran's attacks on commercial ships passing through the Strait of Hormuz and on Gulf facilities.

The Economic Times

Saudi, Houthis edge towards war as Middle East conflict spills over

Saudi Arabia and Yemen's Houthis are nearing renewed conflict after recent attacks. Houthi fighters claimed large-scale strikes on Saudi Arabia, ending a four-year truce. The Yemeni government's backer, Riyadh, is prepared to retaliate against Houthi infrastructure targets. This escalation risks further destabilizing the Middle East region and its fault lines.…

The Economic Times

After Hormuz, Iran turns to Red Sea gateway as new pressure point

Iran is signaling potential closure of the Bab el-Mandeb Strait via its Houthi allies. This move risks disrupting global trade and vital energy supplies through the Red Sea. Houthi attacks on shipping have already forced major companies to reroute vessels. Analysts suggest Iran is widening the conflict and increasing pressure…

The Independent UK

Beyond the Strait of Hormuz: How Gulf countries are preparing for life without the waterway

IN DEPTH : The US and Iran continue tit-for-tat strikes over the vital shipping route while a fifth of the world’s oil supply remains at a standstill. But Gulf countries have been looking towards alternatives for a more independent future, Maira Butt reports

The Independent UK

Trump backs down over threat to levy tolls on shipping in Strait of Hormuz

The British Government was against the imposition of charges, which critics had branded ‘economic extortion’

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