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The Latest Breaking News from Gulf

India is set to rewrite its oil destiny, moving from risk to leverage

In a landmark agreement, India is teaming up with the UAE to significantly increase its oil reserves, transitioning into a strategic player on the world stage. This partnership promises enhanced storage solutions and ensures the nation's energy supply is more secure than ever.

The Economic Times

US launches a second day of strikes on Iran and Iran fires back at the Gulf states and Jordan

The United States has launched a second round of airstrikes on Iran and Iran has fired back at Gulf States after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations

AAP

Kuwait closes airspace as Iran targets 18 US airbases in Gulf region

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The Independent UK

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Missile barrage across Gulf puts region on edge; hopes of an Iran-US deal fade as both sides trade fire: 10 things to know

Tensions surge as the US and Iran exchange fresh military strikes. Iran targeted US bases in Bahrain, Kuwait, and Jordan. The US responded with strikes inside Iran. Regional nations condemned Iran's actions. Fears of a wider war across West Asia intensify. The Strait of Hormuz remains a flashpoint. Diplomatic efforts…

The Times of India

Three Indian sailors killed after US strike on oil tanker off Oman near Strait of Hormuz

Two Indian sailors have died and a chief engineer is missing after a commercial vessel, MT Settebello, was attacked near the Strait of Hormuz. While 21 of the 24 Indian crew members were rescued, the incident raises serious concerns for seafarers in the volatile Gulf region. India has formally protested…

The Times of India

US launches new strikes on Iran, which fires back at Gulf states and Jordan

The United States launched a second round of airstrikes on Iran and Iran has fired back at Gulf States after President Donald Trump warned that Tehran would "pay the price" for stalled negotiations

AAP

Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon ties

Saudi Arabia has ended its five-year ban on Lebanese imports, a significant move to rebuild relations between Lebanon and Gulf countries

The Independent UK

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Gulf countries act as propellants for SpaceX IPO as billions flow in

Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, the people said, asking not to be identified discussing confidential information. The $580 billion Qatar Investment Authority is also likely to make a significant commitment, the people said.

The Economic Times

US strikes Iran-bound tanker near Oman, sparking India protest over missing crew

US Central Command said it fired on the Palau-flagged Settebello after the crew ignored orders, hitting its engine room as the vessel attempted to carry Iranian oil in violation of the US blockade.

Euronews

Iran attacks US bases in Jordan and Bahrain

TEHRAN - Iran attacked American bases in Jordan and Bahrain on Wednesday, warning its Gulf neighbours that they had a "responsibility" to stop the United States and Israel from using their territory to strike the Islamic republic.

Bangkok Post

Jordanian military intercepts 5 Iranian missiles amid sharp US-Tehran escalation in Gulf

Jordan's air defence systems intercepted multiple projectiles launched from Iran. Iran claimed to have destroyed hangars housing F-35 jets and targeted US bases in Jordan. Further explosions were reported in Kuwait and Bahrain. Iran stated its naval forces attacked the US Fifth Fleet headquarters in Bahrain.

The Economic Times

Iran-US war latest: Tehran attacks 18 US airbases across Middle East after Trump orders major new strikes

US Defence Secretary Pete Hegseth warned that the military would be ‘busy tonight’ ahead of the fresh strikes

The Independent UK

The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

Fortune

How are Saudis viewing the US-Iran war? Our polling suggests Gulf kingdom is split on key issues

Since the beginning of the Iran war, Saudi Arabia has been grappling with how best to respond to the expansion of Middle East conflict.

The Conversation

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We Got This Covered

John Bolton warns that Trump’s decisions in the Iran war could spark a nuclear arms race in the region

Project Freedom lasted less than two days, apparently.

Fortune

Fortune Gulf Brief: Gulf investments to see liftoff from SpaceX IPO

The windfalls Gulf sovereign wealth funds are poised to receive will offer a nicely timed boost to their balance sheets.

The Economic Times

Cuba earthquake: 6.1 magnitude earthquake hits offshore; tremors felt in Florida

Cuba earthquake today: A powerful 6.1 magnitude earthquake shook western Cuba on Monday. Buildings in Havana trembled and tremors reached Florida. No injuries or damage were immediately reported. The quake occurred in waters west of Havana. Officials in Miami evacuated buildings as a precaution. This was the largest earthquake recorded…

Kiplinger

Iran War Upends the Global Oil Industry: Kiplinger Special Report

Even after the war ends, oil producers and importers will be racing to lessen their reliance on oil shipments through the Persian Gulf.

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The Economic Times

India turns to nuclear power as Gulf risks rise

India is boosting its energy security. Investments are growing in solar, wind, and nuclear power. Recent geopolitical events highlight nuclear energy's role. India's nuclear program is advancing with new reactors and private sector involvement. The nation aims for significant nuclear capacity by 2047. This strategy diversifies energy sources and reduces…

The Economic Times

Supreme Court issues notice to CBSE on plea to declare Class 12 improvement examination result

The SC has taken up a case involving a Saudi Arabian student. He seeks his Class 12 improvement exam results from the CBSE. The court has issued a notice to the CBSE. The student's career and higher education prospects are at stake. Examinations in several Gulf countries were cancelled due…

The Economic Times

West Asia War: Hormuz strait will be open but with transit fees, Iran envoy to Moscow quoted

Iran and Oman will control passage through the Strait of Hormuz. New conditions, including transit fees, will be implemented. This follows disruptions to oil flows due to a conflict. Several tankers have recently exited the Gulf. Oil and gas flows remain restricted. Iran stated fees will depend on ship type…

The Economic Times

Silver prices tank Rs 5,500/kg, gold down Rs 1,800/10 gm as Israel attacks, rising crude trigger panic. Should you sell?

Gold and silver prices opened lower on MCX on Monday. Escalating Gulf tensions pushed oil prices higher, fueling inflation worries. Stronger US economic data reinforced expectations of prolonged high interest rates. MCX silver futures for July 2026 delivery fell 2.23%, while gold futures for August 2026 delivery slipped 1.15%. Investor…

The Economic Times

Gold extends losses on US interest rate-hike fears

Gold prices dipped on Monday, extending previous losses amid U.S. interest rate hike fears. Meanwhile, escalating tensions in the Gulf sent oil prices soaring, fueling inflation concerns. China's central bank continued to increase its gold reserves. Gold demand in India remained subdued due to price volatility. Silver and platinum prices…

International Business Times

U.S. Reportedly Considering Using Frozen Iranian Assets To Finance Rebuilding In Gulf Allies

The U.S. is reportedly considering using frozen Iranian assets to finance the rebuilding by Gulf allies who sustained damages resulting from the country's strikes.

Euronews

Washington could tap into Iran's frozen billions to pay for Gulf attack damage

The Iranian assets Washington is considering reallocating could include frozen funds, along with ships previously seized by the United States.

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