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The Latest Breaking News from Gulf

Durable US-Iran peace deal to provide predictable environment for trade: CRF

A US-Iran peace deal promises greater regional stability. This will benefit Indian exporters with reduced costs for shipping, insurance, and logistics. It will also create a more predictable trade environment. The agreement is set to be signed soon. This development is crucial for facilitating trade and strengthening initiatives like IMEC.…

The Economic Times

Asian stocks mostly higher, Japan's Nikkei rises

Asian stocks have finished mostly higher with South Korea's Kospi moving further into record territory, gaining 2.1 per cent.

AAP

Uruguay held to 1-1 draw by Saudi Arabia in World Cup opener

MIAMI: Saudi Arabia and Uruguay played out a 1-1 draw in ‌their Group H World Cup opener on Monday after Abdulelah Al Amri's opener for the Gulf nation was cancelled out by ⁠Maxi Araujo in a game where both sides profited from goalkeeping errors.

Bangkok Post

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US-Iran deal may get oil flowing again, but region’s root problems are unsolved

Few analysts believe final settlement can be reached in 60 days – and even if it is, war and instability could soon return

The Guardian - UK

'Start your engines'? Shippers wary on Hormuz reopening

Shipping groups are hesitant to resume sailing through the Strait of Hormuz. An agreement between the US and Iran promises its reopening. However, details on safe routes and timings are lacking. Hundreds of ships remain stuck in the Gulf. Leaders urge caution as the strait's de-mining is underway.

The Economic Times

Iran deal 'loud and clear' on nuclear weapons: Trump

US President Donald Trump has defended the 14-point memorandum of understanding with Iran on the sidelines of the G7 ‌summit.

AAP

US-Iran deal could leave Gulf states in the lurch: analysts

Gulf nations face a precarious future after Iran's attacks. A new deal offers only a temporary reprieve, leaving them vulnerable to regional proxies and missiles. Analysts suggest the agreement neglects crucial security needs, forcing Gulf states to seek their own solutions. This leaves them caught between an emboldened Iran and…

The Economic Times

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How Iran gained the strategic upper hand in the war with the US and Israel

After three months of war with two of the world’s most technologically and militarily advanced countries, Iran has proved far more resilient than anticipated. Indeed, strategically at least, Tehran appears to now have the upper hand in the conflict. How has this situation come about?

The Conversation

India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow

India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of Hormuz. Consequently, global crude oil prices should moderate. This will ease pressure on India's import bill and help control inflation. Exporters anticipate…

The Economic Times

FTSE 100 up and oil prices down after US-Iran peace deal

Oil prices experienced a significant decline, with benchmark Brent crude falling over 5% to just over 82 US dollars a barrel, reaching its lowest point in more than three months, following an announcement of a peace deal between the US and Iran . The proposed agreement, announced by Donald Trump,…

The Independent UK

Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to…

The Economic Times

Aussie shares surge as US and Iran strike peace deal

Risk assets have soared after the US and Iran agreed to halt fighting and reopen the Hormuz Strait, a transit lane for a fifth of global oil and gas shipments.

AAP

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected to lower freight costs, ease inflationary pressures, and stabilize global energy markets, benefiting key sectors and policymakers.

The Economic Times

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole

Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the strait."

Fortune

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The Economic Times

Shipping authority directs placement agencies to restrict deployment of Indians in conflict zone

Indian seafarers are being restricted from deployment to conflict zones. This directive follows a US military strike on a commercial vessel off the Oman coast. Three Indian crew members were killed in the incident. The Directorate General of Shipping issued the advisory to maritime recruitment agencies. Masters of vessels in…

Bangkok Post

Qatar hail first World Cup point after late goal stuns Switzerland in 1-1 draw

SANTA CLARA, California: Qatar celebrated their first World Cup point after a late own goal forced a 1-1 draw against Switzerland and sent the Gulf nation into jubilation on Saturday.

The Economic Times

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Economic Times

‘Comply with US forces in Hormuz immediately,’ Rubio tells Jaishankar amid row over Indian sailors

US Secretary of State Marco Rubio urged compliance with US forces in the Strait of Hormuz. This follows India's strong protest over US naval attacks in the Gulf. These attacks resulted in the deaths of three Indian mariners aboard a Palau-flagged tanker. India summoned the US Embassy's Charge d'Affaires to…

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The Times of India

UAE denies reports of $3 billion transfer to Iran, calls allegations 'false and unfounded'

The United Arab Emirates has categorically dismissed reports claiming that billions of dollars were transferred from the Gulf nation to Iran, including allegations involving a $3 billion payment.

The Economic Times

Trump's seven objectives that remain unfulfilled as officials say Iran war could soon end

America is close to a deal with Iran to end the ongoing war. President Trump announced a memorandum of understanding is expected soon. However, many of the initial goals set for the conflict appear unmet. The war has impacted the global economy and strained alliances. The article examines the stated…

The Economic Times

Jaishankar speaks to Rubio, lodges strong protest over US Navy attacks that killed 3 Indians

India's External Affairs Minister S Jaishankar lodged a strong protest with US Secretary of State Marco Rubio following US Navy attacks in the Gulf that resulted in the deaths of three Indian mariners. Jaishankar stated that such lethal actions against commercial shipping are unjustified. The incident occurred when three vessels…

Fortune

U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim

Middle Eastern oil flows are rising, but U.S. crude stockpiles are still depleting.

The Independent UK

Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market

Iran’s stranglehold on the Strait of Hormuz may be easing and its own oil problems now seem to be mounting

The Economic Times

Iran insists on nuclear enrichment and control over Strait of Hormuz under any deal with US

Iran insisted on Friday on its right to enrich uranium and maintain control over the Strait of Hormuz under any deal with the United States, after President Donald Trump said a draft accord was ready. Beyond this, according to IRNA, Iran would insist on managing traffic though the Strait of…

The Conversation

Trump has backed away from renewed war with Iran – here’s why

The US and Iran stepped back from the brink of returning to all-out war on June 11. Hours after saying the US military would carry out strikes against Iran for a third consecutive night, Donald Trump postponed the attack. The Iranian military had said the US would “receive a more…

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