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The Latest Breaking News from Gulf

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables

The U.S.-Israeli war with Iran has triggered the largest oil supply disruption in history, accelerating Gulf diversification efforts and promoting major new investments.

Fortune

India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.

The Economic Times

Stocks shake off some Iran jitters as AI rules supreme

The MSCI All-World index was ‌up 0.13 per cent to trade around ‌record highs, as markets ⁠from Tokyo to Seoul traded at or near all-time peaks.

AAP

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Global Market Today: Asian stocks count on AI boom to offset Gulf risks

Asian markets rose Monday, buoyed by AI demand, despite Middle East tensions impacting oil prices. Investors await U.S. payrolls data, with the Federal Reserve's rate hike outlook influencing currency markets. Gold remained stable as inflation hedges saw little support.

The Economic Times

Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tolls

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purposes like mine clearing are negotiable. This stance comes amid discussions between Iran and Oman regarding a permanent toll system. Qatar aims to balance relations with both Iran…

The Economic Times

Hajj travel becomes costlier for pilgrims as Iran-US war disrupts Gulf air routes

Pilgrims heading to Saudi Arabia for Hajj face higher travel costs. Airfares and packages have risen significantly due to increased fuel prices and air traffic disruptions. This impacts millions preparing for the religious obligation. Saudi Arabia's economy relies on religious tourism, with ongoing investments to enhance the pilgrim experience.

The Economic Times

US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis

US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury." This economic pressure campaign, combined with military actions, has severely weakened Iran's financial standing, leading to salary shortages and surging inflation. Bessent highlighted efforts to disrupt Iran's financial…

The Economic Times

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Gulf's other war: Inside UAE's hidden role behind strikes on Iran despite ceasefire — Report

The UAE's involvement in the Middle East conflict was deeper than previously known, with coordinated strikes on Iran, including energy facilities, even after an April ceasefire. These actions exposed divisions within the Gulf, as Saudi Arabia expressed concerns about escalating risks to regional energy supplies and global markets.

The Times of India

Premium for near-term LME aluminium at 19-year high as Iran war tightens supply

The war has curtailed most shipping through the Strait of Hormuz, a key route for Gulf producers to export aluminium and import raw materials. Two regional smelters were hit by Iranian strikes in late March.

The Economic Times

India-Oman CEPA to strengthen energy security, trade resilience and export growth: Report

India and Oman's Comprehensive Economic Partnership Agreement begins June 1, 2026. This pact will significantly boost trade and energy security. Indian exporters will find new opportunities across various sectors. The agreement also supports India's energy diversification plans. Oman is becoming a key gateway for India's future energy and supply chains…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

The Economic Times

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

The Times of India

How and where the world’s 2 billion barrels of strategic oil reserves are stockpiled

Drive on Interstate 10 along the Gulf Coast of the United States, through Louisiana and into Texas, and you’ll see signs of the oil industry everywhere. There are offshore rigs out in the water and refineries lining the shoreline, where tankers deposit crude oil extracted from the Gulf floor.

The Conversation

Khamenei sidelined? Iran's Supreme leader not involved in US peace talks: Report

Questions are mounting over Supreme Leader Khamenei's direct involvement in Iran's ongoing US negotiations, with reports citing "serious ambiguities" about coordination. This uncertainty follows trips by Iranian officials and a reluctance to hold talks in Tehran or Pakistan, fueling speculation about who is directing the diplomatic process amid heightened Gulf…

The Times of India

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France 24

Trump met with 'laughter and silence' by US allies in Gulf region

PRESS REVIEW – Wednesday, May 27, 2026: First, US President Donald Trump's attempts at finding a deal with Iran are under a lot of scrutiny. Next, the EU is asked to consider the environmental impact of mega data centres, as locals fight back against projects which might harm the environment.…

International Business Times UK

Is Trump Starting Another War? POTUS Warns Oman to 'Behave' Or 'We'll Have to Blow Them Up'

Donald Trump sparked backlash after warning Oman to 'behave' amid Iran Strait of Hormuz talks, prompting critics to question whether he is escalating toward conflict.

The Times of India

Mediation, debt and disorder: Can Pakistan keep balancing China, America and its own crises?

Pakistan has always believed that geography can compensate for weakness. It sits at the intersection of South Asia, Central Asia and the Middle East, possesses nuclear weapons, maintains relationships with superpowers who have shared cold ties, and has spent decades convincing bigger powers that it is too strategically important to…

Euronews

Zelenskyy sent letter asking Trump for Patriot air defence munitions, adviser confirms

The Iran war, which saw US allies expend huge quantities of air defence ammunition protecting sites in the Gulf, has exacerbated a shortage Ukraine has faced since the start of the war.

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Bangkok Post

Hajj pilgrims ‘stone the devil’ amid intense heat

MINA, Saudi Arabia - Muslim faithful ritually stoned the devil on Wednesday in the climactic ceremony of a hajj pilgrimage held in intense heat and against the backdrop of a war that has plunged the wealthy Gulf into crisis.

The Economic Times

India rice exports decline as Iran war curbs basmati shipments to Gulf

India's rice exports saw a slight dip in the first four months of 2026. Shipments of premium basmati rice to Gulf markets faced disruptions. This decline impacts Indian prices, which have already fallen. Non-basmati rice exports showed a small increase. Delays in transit due to the ongoing conflict are affecting…

The Guardian - AU

‘Makes no sense’: experts doubt pause in US arms sale to Taiwan is due to Iran war

While approval is due soon for $14bn deal, actual deliveries to Taiwan are years away – making ‘Operation Epic Fury’ in the Gulf an unlikely cause

International Business Times UK

Is Donald Trump Easy to Manipulate? John Bolton Warns POTUS Is Too 'Palpably Desperate' Over Iran Deal

John Bolton has accused Donald Trump of being 'palpably desperate' for an Iran deal, warning Tehran is exploiting his fixation on claiming a victory and cheaper petrol.

The Independent UK

The 75-year-old military deadlock which Trump must learn from in his war with Iran

IN DEPTH: As the latest US strikes claim to target Iranian boats laying mines in the Strait of Hormuz, John W S Clark asks why no one is heeding the lessons of the past: that mine warfare will bring any ill-conceived conflict to a shuddering standstill

The Economic Times

Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities

Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The government aims to build strategic reserves, funded by a levy on fuel, and increase local supply capacity. This initiative comes as Pakistan lacks strategic petroleum reserves despite heavy reliance…

The Times of India

'Clock can’t be turned back': Iran’s 'friendship' call to Islamic nations, 'no safe haven' warning to US

Iran's Supreme Leader Ayatollah Mojtaba Khamenei has made a statement stating that the Gulf powers will no longer "be a shield" for American military bases and the US will no longer have "a safe haven" in the region.

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