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The Latest Breaking News from Gulf

Why the Gulf needs economic ties with Tehran

The US-Israeli war against Iran has shattered the Gulf's old security order. As governments search for alternatives, debate has focused largely on military strategy, diplomatic realignments and the role of outside powers. Missing are the economic foundations of a lasting peace.

Bangkok Post

Target vs target: What US hit in Iran, and what Tehran struck in response

The fragile ceasefire between the United States and Iran has collapsed after fresh military strikes. Both nations launched attacks, expanding the conflict across the Gulf region. Iran targeted US air defence systems and facilities in several Middle Eastern countries. The United States struck approximately ninety military sites across Iran. These…

The Times of India

Iran says it hits US military targets in Gulf, lays slain leader to rest

Iranian forces attacked U.S. military infrastructure in Gulf states on Thursday. These strikes followed U.S. attacks on Iran's southern and eastern provinces. The events put further strain on a three-week-old ceasefire agreement. Iran's Revolutionary Guards warned of a crushing response to further U.S. intervention. Oil prices fell as investors weighed…

The Economic Times

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Is Hormuz reopening or shutting down? Shipping data and IRGC claims don’t match

Oil tanker traffic through the Strait of Hormuz slowed significantly on Thursday. Renewed US airstrikes and Iranian retaliatory attacks heightened security concerns in the Gulf. Iran's IRGC Navy claimed the strategic waterway was secured and gradually reopening. Several vessels turned off tracking systems, limiting visibility of actual ship movements. Shipping…

The Times of India

India's crude imports remain resilient despite Strait of Hormuz tensions

India's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfolio over recent years. Russia now supplies over half of India's total crude oil imports. However, LPG and LNG supplies remain vulnerable to Gulf disruptions. Prolonged instability could increase shipping costs and regional…

The Economic Times

Persian Gulf tanker backlog clears, but fresh Iran attacks cloud shipping outlook

A large backlog of oil tankers in the Persian Gulf has nearly cleared. This occurred after a ceasefire was signed between Iran and the United States. However, recent attacks on commercial vessels have renewed safety concerns. Shipowners now face renewed hesitation about navigating the vital oil corridor. This situation undermines…

The Economic Times

Gulf companies are set to reveal the unequal toll of Iran war

Gulf companies will reveal the regional financial impact of the conflict this week. Banks and real estate sectors face challenges due to inflation and interest rate changes. Energy firms saw price gains offset supply disruptions from the conflict. Telecoms remained resilient due to long-term contracts and steady demand. The conflict's…

The Economic Times

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Dollar stands tall as Gulf tensions fuel oil price surge, Fed hike bets

The U.S. dollar held firm against major currencies on Thursday. Renewed Gulf tensions revived safe-haven bids, boosting the dollar's strength. Surging oil prices also fueled rate hike bets, keeping the yen under pressure. The Japanese yen struggled near a 40-year trough against the dollar. U.S. Treasury yields rose as markets…

The Economic Times

Iran: Gulf on the boil again as new US strikes mark fresh escalation; fear rises of a return to war

US forces have launched fresh strikes against Iran following an attack on three cargo vessels in the vital Strait of Hormuz. Trump has declared the temporary truce with Iran 'over'. Reports of explosions and power outages have come from Iran's southern coastline, heightening fears of a return to military tensions…

The Economic Times

Are US-Iran headed back to war? What next after Trump's new threats

US President Trump's comments have intensified the US-Iran crisis with new threats. He is now considering attacks on Iran's power and water infrastructure. Iran has vowed a strong response to any aggression against its sovereignty. Gulf states are likely to push for renewed diplomatic negotiations between both nations. The situation…

The Economic Times

Trump’s Iran ceasefire was built to fail

Donald Trump's claims of victory over Iran are undermined by ambiguous ceasefire terms. The agreed Memorandum of Understanding allows both sides to pursue war aims by other means. This has created an unstable situation with ongoing accusations of breaches. The US and Israel's air campaign killed Iranian leaders but did…

The Economic Times

US forces launch new strikes on Iran to curb threat to Hormuz, military says

Trump had said that the ceasefire with Iran is "over" after Washington launched strikes on the country overnight, to which Iran responded by targeting US bases in the Gulf.

Euronews

Is an Iran deal 'over' and war back on? A timeline of the conflict and talks

Global markets and oil prices lurched after the United States and Iran traded new strikes. The conflict threatened lives throughout the region and foreign residents of Gulf nations. A fragile ceasefire was reached and later extended, but fighting resumed. An interim deal was signed, but tensions remained high. The war…

The Economic Times

SC agrees to hear plea filed by CBSE Class XII students from Gulf countries

The Supreme Court will hear pleas challenging the CBSE assessment scheme for Class XII students in Gulf countries. These students were affected by exam cancellations due to the Iran-US war. The court sought responses from the Centre and the CBSE on the matter. A separate plea regarding private candidates also…

The Economic Times

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The Economic Times

UN maritime head demands 'restraint' as 6,000 Gulf seafarers stranded

Nearly six thousand seafarers remain stranded in the Persian Gulf due to recent attacks. The International Maritime Organization head urged maximum restraint and de-escalation from all involved.

Euronews

Gulf states brace again for fiery US-Iran showdown as tensions spiral

From the front lines of the US-Iran confrontation, the Gulf nations have again urged both sides, with strategic restraint, not to abandon their negotiations, while Tehran is telegraphing that the Strait of Hormuz is now Iran's.

The Economic Times

IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lift crude prices

Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories…

Fortune

OPEC+ to pump more oil as market fears shift from shortage to glut

OPEC+ is opening the taps again, extending its production increases as Gulf oil flows recover and prices cool. But with supply rising faster than demand, fears of a global glut are mounting

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Fortune

From missiles to malware: Why the Gulf is stepping up its operational resilience

As cyberattacks intensify and AI reshapes the digital battlefield, Gulf states are racing to strengthen the defenses protecting their most critical infrastructure

The Economic Times

Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cuts

Saudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper discounts to attract customers. Higher transportation costs from within the Persian Gulf also reduce Saudi crude's appeal. Weak demand across Asia, especially in China, further impacts Saudi oil sales.

The Economic Times

The likely loser in Gulf's post-war race for oil market share

United Arab Emirates is leading oil producers in a fierce market share battle. Saudi Arabia and other Gulf nations are increasing exports significantly. Exporters are offering steep discounts to attract buyers for their surplus crude. This aggressive push has weakened oil prices and challenged OPEC's authority.

The Economic Times

EAM S Jaishankar discusses bilateral ties with Bahrain King

External Affairs Minister S Jaishankar met Bahrain's King Hamad bin Isa Al Khalifa. He also discussed bilateral cooperation with Foreign Minister Abdullatif bin Rashid Al Zayani. The minister conveyed greetings from Indian President and Prime Minister. Jaishankar thanked the King for ensuring the Indian diaspora's safety. This visit aims to…

Evening Standard

Irish foreign affairs minister travels to Saudi Arabia

Helen McEntee said she was looking forward to meeting accomplished Saudi women and graduates of Irish universities.

The Economic Times

One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz

Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to…

The Economic Times

Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the decline

Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a barrel. WTI did not settle on Friday as U.S. markets remained closed ahead of the Independence Day holiday on Saturday.

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