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The Latest Breaking News from Gulf

Iran peace deal at risk? US considers redirecting Iranian assets to Gulf states

The US is exploring redirecting frozen Iranian assets to Gulf states for rebuilding after missile and drone strikes. This move comes as indirect negotiations between the US and Iran remain deadlocked, with Tehran demanding the release of $24 billion in frozen funds. Military tensions continue to escalate across the region…

The Times of India

Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATA

Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to the head of the global airline body. Slow aircraft and engine deliveries are exacerbating these financial strains. Despite challenges, the low-cost model remains viable outside the U.S., and the industry…

The Economic Times

US weighs seizing Iranian assets to rebuild Gulf states hit by Tehran's attacks

The U.S. plans to redirect Iranian assets to Gulf states for rebuilding and repairs following recent Iranian attacks. Treasury Secretary Scott Bessent is assessing damage costs, with frozen assets potentially used for compensation. This comes amid stalled peace negotiations and renewed skirmishes between the U.S. and Iran.

The Economic Times

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The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides 'naval overwatch'

"The attack drones posed an immediate threat to regional maritime traffic," U.S. Central Command said.

Fortune

A new exchange of fire with Iran in the Gulf tests the fragile ceasefire

Iran has fired ballistic missiles and drones toward Bahrain and Kuwait, according to Bahrain’s government

The Independent UK

US strikes Iranian sites after Iran launches drones, in latest Gulf flare-up

U.S. forces struck Iranian coastal radar sites after shooting down four Iranian drones targeting maritime traffic near the Strait of Hormuz. Iran retaliated by attacking U.S. bases in Kuwait and Bahrain, leading to condemnations and further complicating indirect negotiations for a ceasefire.

The Economic Times

US, Iran Exchange Fresh Strikes In Gulf As Fragile Ceasefire Faces New Strain

The latest military exchange comes as efforts to secure a broader agreement between Washington and Tehran remain stalled.

International Business Times

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US unveils video of retaliatory strikes following interception of six Iranian missiles over Gulf

US forces struck Iranian radar sites in Goruk and Qeshm Island. This followed Iranian drone and missile attacks targeting maritime shipping. Six Iranian ballistic missiles were shot down. The US dismissed Iranian claims of hitting American naval infrastructure. The exchange highlights ongoing tensions in the Strait of Hormuz.

The Economic Times

Iran launches ballistic missiles at Bahrain, Kuwait after US hits its radar sites

Iran on Saturday fired ballistic missiles and drones at US allies Bahrain and Kuwait hours after the US conducted strikes on Iranian coastal surveillance radar sites in tit-for-tat attacks that further strained the fragile ceasefire. Bahrain, home to the US Navy's Fifth Fleet, denounced the strikes, while Kuwait said they…

France 24

Israeli strike kills three Lebanese soldiers after ceasefire deal

An Israeli strike on a vehicle in southern Lebanon killed three soldiers, Beirut's military said Saturday, days after the two sides reached a new ceasefire deal during talks in the US. The strike on a vehicle on a road linking Nabatiyeh with Marjayoun killed a brigadier general, a captain and…

France 24

Kuwait and Bahrain targeted by Iran after exchange of fire with US

Iran attacks American bases in Gulf states after Washington shoots down drones and strikes Iranian radar sites

The Guardian - UK

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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The Economic Times

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…

Fortune

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."

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The Independent UK

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

AAP

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.

The Conversation

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 Independent UK

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

Bangkok Post

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.

The Economic Times

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.

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