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The Latest Breaking News from Gulf

US-Iran war: Trump drops 20% toll plan on Hormuz, seeks Gulf investment deals instead

US President Trump announced Gulf nations will invest in the United States. This replaces a proposed fee for shipping through the Strait of Hormuz. Massive investments will boost American factories and create jobs. The US military ensured uninterrupted oil flows through the vital waterway. Iran faces a full blockade on…

The Economic Times

US-Iran conflict widens after deadly tanker attack in Strait of Hormuz

Commercial shipping has come under attack in the Strait of Hormuz as the US and Iran exchange military action, raising fears the conflict could draw more Gulf states into the fighting.

Euronews

CBSE Gulf exam row: Supreme Court posts assessment plea for next week

The Supreme Court on Tuesday said it will hear next week petitions challenging the CBSE's assessment scheme for regular Class 12 students in Gulf countries whose board examinations were cancelled due to the Iran-US war. The CBSE told the court it will file its response before the matter is taken…

The Economic Times

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Bahrain EDB’s CEO H.E. Noor is doubling down on growth amid mounting regional headwinds

As Gulf states compete through scale and headline-grabbing mega-projects, Bahrain EDB’s CEO H.E. Noor is pursuing a different path—leveraging regulatory innovation, specialist sectors, and strategic partnerships to position the kingdom as the region's agile investment hub.

Fortune

Bahrain EDB bids to win investors despite mounting headwinds

As the race for Gulf capital intensifies, Bahrain is competing on its own terms

Fortune

India bonds join global rout after Mideast escalation jolts oil higher

Indian government bonds declined early Tuesday amid rising oil prices. Fresh Gulf strikes obstructed shipping, causing Brent crude to climb significantly. This surge in oil prices threatens to increase India's inflation and interest rate risks. Foreign investors sold Indian bonds, marking their first sale since June policy measures. The rupee…

The Economic Times

What Is the Pentagon DOJ Leak Task Force? Inside Hegseth's Plan That Has Press Freedom Groups Alarmed

Pete Hegseth's new Pentagon-DOJ leak task force arrives days after four New York Times reporters were subpoenaed, and it could decide how much of the Gulf war Americans get to see.

International Business Times UK

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Middle East crisis: Indian killed, sirens blare across Gulf states as US-Iran trade strikes - top developments

In a significant escalation, two Emirati oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz. Tragically, one Indian national lost their life, while eight crew members suffered injuries during the assault. Calling this act unacceptable, the United Arab Emirates pledged a robust response. Iran defended its…

The Times of India

Gold drops to 2-week low as oil surge drives inflation, rate-hike fears

Gold prices declined to a two-week low on Tuesday. Oil prices surged due to the U.S.-Iran conflict in the Gulf. Federal Reserve Governor Christopher Waller's hawkish remarks fueled interest rate hike bets. Investors await U.S. CPI data for inflation and Fed policy clues. European Union sanctions targeted Sudan's gold trade…

The Economic Times

Trump sends Congress formal notice that Iran conflict has resumed

President Trump notified Congress of renewed hostilities against Iran starting July seventh. This action begins a new sixty-day period for military use without approval. The administration claims Iran violated an agreement by attacking commercial vessels. The United States is reinstating its blockade of Iranian shipping in the Gulf. Congress previously…

The Economic Times

Keir Starmer speaks out on Strait of Hormuz attacks as Trump threatens 20% tolls

Sir Keir made his remarks after the US president claimed charging a fee on cargo for use of the Gulf channel was a “matter of fairness” to cover the cost of providing security

The Independent UK

It's a shame the US and Iran can't both lose

The last time oil tankers were being shot up in the Persian Gulf, back in the 1980s, it was Saddam Hussein's brutal tyranny in Iraq versus Ayatollah Khomeini's revolutionary Islamist regime in Iran, and people used to say, "It's a shame that both sides can't lose."

Bangkok Post

Trump is a toxic ally. His war with Iran is once again spreading across the Gulf

ANALYSIS: As the war in Iran spreads again to Oman, Bahrain and Kuwait and Donald Trump announces a 20 per cent toll on all ships passing through the Strait of Hormuz, it’s time the Gulf states realised the US president is a dangerous ally, writes world affairs editor Sam Kiley

The Independent UK

Iran’s 'eye-for-an-eye' response to US strikes: What was targeted and why

Iran launched what it described as an "eye-for-an-eye" military operation against the United States on Monday, targeting American military facilities across the Gulf after fresh US strikes hit Iranian military infrastructure over the weekend.

The Times of India

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The Economic Times

India's June trade deficit jumps 59% YoY to $30.43 bn

India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June quarter, overall goods exports increased about 15%, supported by higher petroleum shipments and a recovery in exports to Gulf countries.

The Economic Times

Iran tensions risk fertilizer flow to South American farmers

The flow of fertilizer ships entering the Persian Gulf has slowed to a trickle since late June as tensions began to rise again with a spate of Iranian attacks on vessels transiting the Strait of Hormuz.

The Independent UK

Iran-US war latest: Trump launches new wave of strikes as UAE condemns Iran’s ‘brazen’ attacks on tankers

Donald Trump has said the US will be guardians of Strait of Hormuz and impose a 20 percent toll on ships using it

MyLifeXP

Why India Refused a Fast US Trade Deal Will Surprise You

What happens when one of the world's fastest-growing economies refuses to rush into a deal with its biggest trading partner? That is exactly what India has done. Instead of accepting a quick trade agreement with the United States, New Delhi has chosen patience over pressure. The decision has sparked global…

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The Economic Times

Korea's Kospi hits 8% lower circuit, trading halted. What's rattling investors today?

South Korea's benchmark Kospi index plunged 8% to lower circuit on Monday as rising tensions in the Gulf and soaring oil prices rattled global markets. The selloff, led by sharp declines in AI-heavyweights SK Hynix and Samsung Electronics, pushed the index deeper into bear market territory, although it remains the…

The Economic Times

Gold slides over 1% as oil surges on Strait of Hormuz closure fears

Gold prices declined over one percent in early Asian trade Monday. Oil prices jumped sharply, increasing inflation concerns and interest rate expectations. U.S. and Iranian forces exchanged missile and drone assaults in the Gulf region. Federal Reserve chair testimony and economic data will offer policy clues. Gold speculators reduced net…

The Economic Times

Global Market Today: Asian shares slip as oil jumps on Gulf attacks

Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South…

The Economic Times

Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed

U.S. and Iranian forces exchanged heavy missile and drone assaults across the Gulf region. Iran stated it had again closed the vital Strait of Hormuz, impacting global shipping. The United States military launched retaliatory strikes against Iranian facilities on Sunday. This renewed violence casts further doubt on an interim U.S.-Iranian…

The Economic Times

Oil jumps 3% after US, Iran escalate strikes in Mideast

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and the United Arab Emirates over the weekend. This cycle of attacks casts doubt on an interim U.S.-Iranian agreement. Market analysts suggest the…

France 24

Middle East live: US ‘reinstating’ Hormuz blockade, will charge 20% on cargo, Trump says

President Donald Trump on Monday said the US is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge ships a “rate of 20% on all cargo shipped” through the waterway for the security costs. Traffic in the strait slowed as Washington and Tehran asserted competing claims…

France 24

Iran expands attacks on Gulf states after intense US strikes

Iran reported strikes Sunday evening on two of its southern islands while Kuwait, where Tehran has repeatedly targeted US installations, said border posts and an offshore oil platform had been attacked. The as-yet unclaimed strikes came hours after Tehran and WashingtonStrait of Hormuz, offering contradicting statements as to whether the…

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