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The Latest Breaking News from Gulf

Major Setback for US: Saudi Arabia and UAE Block American Strikes on Iran

Saudi Arabia and the UAE have blocked US strikes on Iran, forcing a strategic rethink. This decision underscores the diplomatic leverage Gulf states hold over US military planning

International Business Times UK

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

The Japanese yen is nearing a critical 160 per dollar level, prompting warnings of decisive action from Tokyo. Meanwhile, the U.S. dollar is strengthening due to safe-haven demand amid escalating Gulf tensions. Markets await U.S. jobs data, with the yen facing its fourth weekly decline despite signs of rising real…

The Economic Times

Strait of Hormuz oil crisis: An opportunity for Syria?

In the show this week, we look at how Syria could benefit from the oil crisis triggered by tensions in the Strait of Hormuz. After Iran effectively closed the strategic waterway, Syria's Mediterranean port of Baniyas found itself emerging as a hub for crude oil transported overland from the UAE…

France 24

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Lebanon ceasefire raises hopes of progress for Iran deal

Israel and Lebanon have agreed to a ceasefire brokered by the United States. This development offers hope for de-escalation in the ongoing conflict with Iran. Recent days saw intense fighting, including strikes on Kuwait and exchanges in the Gulf. Oil prices reacted to the potential for diplomatic progress. President Trump…

The Economic Times

More oil escapes Hormuz, keeping traders guessing

Iran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is widespread. This makes it harder to gauge market flows. Oil on water in the Gulf has dropped. This shows outflows are inching higher. The market…

The Economic Times

Dollar clings to 2-month high as Gulf hostilities flare, yen wobbles near intervention zone

Heightened Middle East tensions, including Iranian attacks and U.S. strikes, propelled oil prices and boosted the dollar's safe-haven appeal near a two-month peak. The yen teetered around the 160 mark, sparking intervention fears. Meanwhile, strong U.S. services inflation data reinforced expectations of sustained high interest rates, while the Bank of…

The Economic Times

OECD warns of 'scarring effects,' recession scenarios—but finds 'no signs of widespread labour displacement' from AI

The real problem for AI adoption, the global body says: "a lack of workers with digital skills emerging as a barrier to the adoption of AI technologies."

Fortune

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Cooper defends UK-France’s Strait of Hormuz plan amid Rubio ‘catch-22’ claim

The narrow Gulf channel has become a flashpoint in the conflict, now in its fourth month

The Independent UK

Lebanon truce raises hopes of progress for Iran deal

As Israel and Lebanon agree to implement a new ceasefire, President Donald Trump has suggested progress on a broader deal to halt the Iran war could come soon.

AAP

Gulf expat reactions to Iran war show us how countries like UAE instil loyalty in western migrants

When the US and Israel launched their strikes on Iran on February 28 and Iran retaliated by targeting the Gulf Arab states, I was closely monitoring social media accounts from the region. I research Middle East politics, with a focus on the Gulf, and the social media platforms I use…

The Conversation

Iran and the US trade strikes in the Persian Gulf, further testing the ceasefire

Kuwait briefly shut the country's main airport after Iranian drones heavily damaged it and killed one person

The Independent UK

Hostilities flare in Iran war, oil jumps with talks at a stalemate

CAIRO/WASHINGTON - Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the U.S. military carrying out strikes near ‌the Strait of Hormuz, as diplomacy between Washington and Tehran showed little progress.

Bangkok Post

US military says it has 'defeated' Iran missile, drone attacks in Gulf

US forces repelled Iranian missile and drone assaults in the Gulf. Self-defense strikes targeted Qeshm Island. Iran's claims of hitting US Navy bases were denied. Kuwait reported intercepting hostile attacks. US also downed drones aimed at civilian ships. A ceasefire remains in place, but talks for a permanent end to…

The Economic Times

Iran war: Hostilities flare again, talks at a stalemate

With the Gulf region witnessing a surge in missile and drone strikes aimed at Kuwait, diplomatic efforts between Iran and the U.S. hit roadblocks. Israel's ongoing military operations in Lebanon add to the chaos, severely impacting shipping channels and obstructing the flow of humanitarian assistance.

The Economic Times

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The Guardian - UK

Patriot missile shortage has created ‘window of vulnerability’ Russia is exploiting in Ukraine

Countries that rely on US-made air defence system feel increasingly exposed as interceptor supplies dwindle

Radio France Internationale

Gulf states arrested over 1,000 for Iran war social media posts: Amnesty

More than 1,000 people have been arrested across Gulf states for sharing information or opinions related to the Iran-US-Israeli war, in what Amnesty International has described as a “widespread crackdown” on freedom of expression.

Fortune

Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank

Singapore Gulf Bank comes from a partnership between the Whampoa Group and Mumtalakat, Bahrain’s sovereign wealth fund.

The Independent UK

Celestyal cancels 2026/27 Arabian Gulf winter cruise season as Iran war continues

Celestyal is boosting is Mediterranean cruise programme

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Fortune

The Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies

Over the last three weeks, Central Command has guided about 70 ships in and out of the Persian Gulf.

Fortune

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.

The Economic Times

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.

AAP

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.

The Economic Times

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.

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