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The Latest Breaking News from Gulf

I was trapped in the Gulf when Trump attacked Iran. This deal is too little, too late for sailors like me

INTERVIEW: Working at sea was a dream for 28-year-old Rex Pereira. But after witnessing the outbreak of the US-Iran war from the deck of his stranded ship in southern Iraq, he tells Maroosha Muzaffar he is a changed man

The Independent UK

What’s in the US-Iran peace deal? A lot of concessions and empty promises from Trump, in return for little

The leaders of the United States and Iran have signed a 14-point memorandum of understanding to end the war between their countries, as well as Israel’s military assault on Hezbollah in Lebanon.

The Conversation

‘Like nuclear, they don't blow up planet’: Trump's U-turn on Iran missiles after deal takes effect

President Trump defended a new US-Iran understanding on ballistic missiles, deeming it unfair for Tehran to be disarmed if regional rivals possess them. He differentiated missile threats from nuclear ones, suggesting a less urgent global risk. US forces will remain in the Gulf post-agreement, with follow-up talks planned.

The Times of India

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Europe explores energy security alternatives after Iran war's turmoil

The Iran war's impact on global fuel prices has pushed Europe to explore alternative trade and energy routes

AAP

Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides

The U.S. dollar reached a two-month high as markets anticipated Federal Reserve rate hikes, pressuring the Japanese yen towards intervention levels. Mounting inflation concerns led nearly half of Fed policymakers to expect a hike this year, with strong retail sales further bolstering hawkish sentiment. Fresh Gulf uncertainties also supported the…

The Economic Times

Inside the chaotic Iran talks that let Trump claim victory, but not yet peace

President Trump announced the end of the Iran War and the reopening of the Strait of Hormuz, following intense Qatari mediation. Despite Israeli airstrikes threatening the talks, a framework deal was reached, promising Iran sanctions relief and financial aid in exchange for nuclear commitments. Trump later signed the agreement in…

The Economic Times

Trump says Israel has Iran MoU copy as deal nears; calls Iranians ‘tough negotiators’

US President Donald Trump revealed Israel received a proposed Iran nuclear deal draft. He expressed optimism for a swift agreement and announced immediate technical talks on Iran's nuclear stockpiles. Trump warned of renewed military strikes if Iran breaches the deal. He also outlined parallel diplomatic efforts with Gulf nations on…

The Economic Times

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Tropical Storm Arthur takes aim at Texas hours before World Cup matches

Arthur is forecast to track over the northwestern Gulf Coast, affecting Texas, Louisiana, and Mississippi

The Independent UK

Texas Coast Flood Watch: National Hurricane Center Warns of Life Threatening PTC 1

Potential Tropical Cyclone One is drenching the Texas and Louisiana coasts, as the National Hurricane Center warns of life-threatening flooding from a slow-moving, rain-heavy system.

International Business Times UK

Australia relaxes Gulf travel advice in boost for Middle Eastern airlines

Australians can now travel to the UAE, Qatar, Bahrain, Israel, and Kuwait. The government has eased travel warnings for these nations. This change follows a deal between the US and Iran. Gulf airlines are expected to benefit. Airfares may also see adjustments. Travelers can now secure insurance for these routes.

The Economic Times

Hormuz reopening seen unleashing pent-up Gulf grain demand

The region relies heavily on imported food. A rush of grain is expected to reach these nations.

The Economic Times

Iran’s top envoy says peace deal with US dependent on Israel’s withdrawal from Lebanon

Abbas Araghchi says war ‘not fully come to an end’ without Israeli forces leaving territories occupied during present conflict

The Guardian - UK

US used Iran-style covert transfers to move 90 million barrels of oil out of Gulf: Report

The U.S. has reportedly established a covert offshore oil-transfer network near the Strait of Hormuz, mirroring Iran's tactics to maintain Gulf crude exports. This operation, involving ship-to-ship transfers off Oman and the UAE, aims to circumvent Tehran's blockade of the vital waterway. While enabling continued exports, the network's reliance on…

The Times of India

Energy firms brace for ‘new era’ despite Hormuz deal

The world’s oil and gas majors have high hopes for a quick reopening of the Strait of Hormuz, but they have few illusions about a return to normal for the Gulf energy industry after more than three months of blockage.

Bangkok Post

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Fortune

U.S.-Iran interim deal: What could a Gulf bounce back look like?

The U.S.–Iran peace deal has sparked relief across global markets, but investors are still waiting to see whether the breakthrough can translate into lasting stability

Fortune

Gulf private credit opportunities shine amid global volatility

The Gulf is no longer just a source of capital for private credit. Increasingly, it is becoming one of the industry’s most important markets.

International Business Times UK

Vice President Vance: Iran May Access $300 Billion Reconstruction Fund — But Not from US Taxpayers

Vice President JD Vance discusses a potential $300 billion fund for Iran's reconstruction, contingent on Iran meeting nuclear obligations, with funding from Gulf states, not US taxpayers

The Economic Times

The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf

America's military is secretly guiding oil tankers in the Gulf of Oman. This operation uses drones and helicopters to help ships transfer oil. The goal is to keep energy exports flowing despite Iranian actions. At least 92 ships have been involved in these transfers since May. This method mirrors Iran's…

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The Economic Times

Hindalco, NALCO, Vedanta Aluminium shares crash up to 6% as aluminium prices drop on US-Iran peace deal

Indian aluminium stocks saw a sharp decline today. This happened as aluminium prices crashed significantly. The drop followed news of an Iran-US peace deal framework. This deal improves prospects for deliveries from Gulf producers. The reopening of the Strait of Hormuz is expected to impact Indian producers further.

The Economic Times

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.…

AAP

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.

Bangkok Post

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.

The Guardian - UK

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 Economic Times

'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.

AAP

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.

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