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The Latest Breaking News from Gulf

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

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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

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

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.

Euronews

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…

The Economic Times

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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

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

Fortune

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…

The Economic Times

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.

Evening Standard

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

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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.

The Economic Times

Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia's crude shipments…

Bangkok Post

Water makes the world go round

The past few months have offered a stark reminder of the importance -- and precariousness -- of water supplies. The Gulf Cooperation Council countries, which together supply roughly 62 million people with drinking water drawn almost entirely from the sea, have seen their desalination plants targeted by drones and missiles…

The Guardian - UK

Iran seeks to tighten control over strait of Hormuz alongside Khamenei funeral

IRGC warnings force ships in strait to turn back as Tehran uses passages from Qur’an to send messages to Gulf delegations

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The Economic Times

EAM Jaishankar meets Qatar PM; reviews bilateral cooperation, regional developments

External Affairs Minister S Jaishankar held productive discussions with Qatar's Prime Minister Mohammed bin Abdulrahman Al-Thani, focusing on strengthening bilateral ties across energy, trade, investments, connectivity, and security. The meeting also touched upon regional dynamics, including the West Asia conflict. Jaishankar expressed gratitude for the safety of the Indian community…

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.

The Economic Times

Oil prices little changed as US-Iran peace efforts hold

Oil prices saw minimal change as peace talks between the U.S. and Iran offered hope for the Strait of Hormuz's reopening. Despite recent skirmishes, a potential deal is expected to hold, boosting Middle Eastern supply. Gulf producers, including Kuwait and Saudi Arabia, are increasing output, leading to a near-term oil…

International Business Times

A Massive Iran Reconstruction Plan Aims To Bring In Global Capital After War. Yet Past Investment Cycles Suggest Pledges May Not Translate Into Real Money.

Iran's proposed $300 billion reconstruction fund is being promoted as a financial bridge from war and sanctions toward economic revival. Investors may see something more familiar: a high-risk promise that could struggle to survive contact with politics.

The Economic Times

June: 10 mbpd, May: 3 mbpd: Gulf oil exports up, but 40% below pre-war level

Gulf oil exports surged past 10 million barrels daily in June, a significant jump from May, thanks to US military efforts securing the Strait of Hormuz. The UAE spearheaded this recovery, enabling millions of barrels to reach global markets and helping to stabilize oil prices. Despite this rebound, exports remain…

The Economic Times

Gulf carriers eye Boeing, Airbus jets as Air India weighs delays

Gulf airlines like Etihad and Saudia are reportedly eyeing earlier aircraft delivery slots, potentially from Air India's deferred orders. This comes as major planemakers Boeing and Airbus have extensive backlogs, making near-term deliveries highly sought after for fleet modernization. While Air India states its plans are on track, these discussions…

The Economic Times

Desperately play catch-up: In the last year, India has appeared tired and enervated - time to turn the page

India faces a shifting global landscape, grappling with geopolitical realignments and the rise of AI as a strategic tool. The article highlights challenges in the Gulf, the need for sovereign AI development, and renewed pressure from Pakistan. New Delhi must adapt to these evolving external dynamics and assert its position…

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