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The Latest Breaking News from the Persian Gulf

Two reported attacks on tankers near Strait of Hormuz

The Strait of Hormuz, which connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, is one of the world's most crucial oil and gas transit chokepoints, carrying roughly a quarter of the global seaborne oil trade.

Euronews

How Horse Domestication Reshaped Civilization, Warfare, Trade, and Human History

The Moment Everything AcceleratedAround 3500 BCE, on the Pontic-Caspian steppe, the grasslands stretching across what is now Ukraine and Kazakhstan, humans first began riding horses rather than just eating them. The evidence comes from bit wear on the teeth of horses excavated at Dereivka, a site studied extensively by archaeologist…

Times Life

Oil prices plunge as US and Iran pause strikes over Strait of Hormuz

Oil prices eased in early trading on Monday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf.

Euronews

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Oil slips, shares surge as Persian Gulf conflict pauses

Oil prices have started the week sharply lower, boosting local equities as investors lean into signs the US and Iran could be seeking a diplomatic solution.

AAP

1,500 ships trapped in Gulf of Hormuz are quietly multiplying an underwater army that could unleash World's biggest bioinvasion event

Gulf of Hormuz underwater army: Nearly fifteen hundred ships stuck in the Persian Gulf after fighting closed the Strait of Hormuz. These idle vessels are now becoming breeding grounds for marine invasive species, whose build-up of organisms on ship hulls increases fuel consumption significantly. Scientists urge stricter rules to prevent…

The Economic Times

Iran Conducted Missile Strikes on Secret CIA Facilities. Investigators Are Looking At Russia

The precision of recent Iranian drone strikes on covert CIA facilities in the Persian Gulf has reportedly prompted U.S. intelligence officials to investigate whether Russia may have played a previously undisclosed role in it.

International Business Times

Lavrov tells Rubio 'unacceptable' for US to continue arms sales to Kyiv

Lavrov and Rubio are also said to have discussed the situation in the Persian Gulf. Washington's focus has largely shifted to the region, where it remains locked in conflict with Iran.

Euronews

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Dubai's Palm Jumeirah is so massive it remains visible from space more than two decades after it was built

From the ground, Dubai's Palm Jumeirah is an impressive luxury destination lined with hotels, villas and beaches. But from hundreds of kilometres above Earth, it reveals its true scale. The palm tree-shaped artificial island, built entirely through land reclamation, is one of the few human-made structures that is instantly recognisable…

The Times of India

Donald Trump and the Persian threshold of pain

It would be so easy for Donald Trump to escape from the trap he has built for himself in the Persian Gulf. Just declare a victory and leave.

Bangkok Post

Indian Oil Corp cancels Iraq oil lifting amid Hormuz attacks, sources say

Indian Oil Corp cancelled lifting Iraqi oil from Basrah Oil Terminal. Increased risks and attacks in the Strait of Hormuz prompted this decision. Mangalore Refinery and Petrochemicals Ltd also cancelled similar oil lifting plans. India advised shipowners against deploying seafarers through the Strait of Hormuz. Vessels must remain vigilant about…

The Economic Times

US oil firms sign deals with Iraq to develop alternative shipping routes

U.S. companies have signed roughly $60 billion in agreements and partnerships with the Iraqi government, including deals intended to create alternative routes for shipping oil out of the Persian Gulf

The Independent UK

Iran-linked tankers U-turn, zig-zag as US enforces blockade

US sanctions on Iranian shipping have been reimposed, impacting tanker movements. Several Iran-linked tankers changed course in the Gulf of Oman and Arabian Sea. Ship tracking data shows diversions and zig-zagging patterns by these vessels. The US military has also taken action against non-compliant ships. Observable shipping activity through the…

The Economic Times

Three tiny islands help control access to the Strait of Hormuz. They’re once again in the crosshairs of the Iran war

U.S. strikes on two of the islands in recent days have renewed speculation about the fate of these small, rocky isles, whose ownership remains disputed

The Independent UK

Iran launches retaliatory attacks on US bases in Kuwait, Bahrain and Jordan

The latest missile strikes began when the US said it fired a missile into a Curaçao-flagged oil tanker's funnel after claiming the ship "ignored multiple warnings".

Euronews

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Bangkok Post

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."

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 Economic Times

Goldman says Hormuz flare-up may delay recovery in oil supplies

Renewed tensions between Washington and Tehran have impacted global energy markets significantly. Ship traffic through the strait has nearly halted after recent attacks and exchanges. Flows through the Persian Gulf have retreated closer to seventy percent of normal.

Benzinga

Goldman Sachs Ditches Oil Glut View— Warns Gulf Hostilities Could Choke Crude Flows

A week after warning of an impending global oil glut, Goldman Sachs reversed its outlook, saying renewed hostilities in the Persian Gulf now pose a risk of prolonged oil supply disruptions.

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The Economic Times

India’s wartime buying spree leaves behind a cooking gas surplus

India's fuel retailers now have excess cooking gas supplies. They had booked extra cargoes anticipating supply disruptions in the Persian Gulf. Domestic production also increased significantly to meet potential shortfalls. However, demand from large consumers has been slow to recover. This situation has led to storage issues and penalty charges…

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…

AAP

Aussie shares fall for fourth day as miners take hit

Mining stocks have fallen to their lowest levels in three months, but strength in other sectors has helped limit broader market losses.

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.

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

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…

Benzinga

France Deploys Naval Forces To Middle East To Support Europe’s Hormuz Policy Pivot

France has decided to bolster its naval forces in the Persian Gulf to secure navigation in one of the world’s most critical shipping routes, which handles about 20% of global oil and gas supplies.

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