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The Latest Breaking News from Gulf

Why the Red Sea remains one of the world's most dangerous shipping routes

Red Sea Shipping Route Explained: In a concerning development, Iran has alerted the world to possible disruptions in the Red Sea that threaten vital energy markets. The Bab el-Mandeb Strait, an essential trade artery, is now under scrutiny as Houthi rebels have stationed missiles and drones nearby. This precarious situation…

The Economic Times

South Korea's share market losses deepen as leveraged AI bets take a heavy toll

South Korean shares experienced a significant decline, triggering market-wide trading curbs. Investors are unwinding AI-linked trades, extending a sharp correction in the KOSPI index. This selloff highlights growing investor anxiety over leveraged bets on AI chipmakers. Markets also reacted to escalating Gulf conflict and rising oil prices. Major tech earnings…

The Economic Times

Iran-US war latest: Trump says Tehran will pay ‘many times over’ for US soldier deaths as Iran targets Kuwait

Oil prices climb above $90 a barrel after Iranian military targets two tankers in Strait of Hormuz

The Independent UK

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Global Market Today: Asian shares hesitant as oil climbs, earnings loom

Asian markets showed hesitation as oil prices climbed due to escalating Gulf conflict. This surge revived inflation worries, influencing Federal Reserve rate hike expectations. Major tech earnings this week will test investor confidence in artificial intelligence stocks. South Korea's market experienced significant losses after retail investors were squeezed out. The…

The Economic Times

The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route

Goldman Sachs estimated that enough Mideast pipeline capacity could be added to insulate 75% of the pre-war Gulf exports by the end of 2028.

Fortune

The week that was in international affairs: US-Iran ceasefire dead, Hormuz blockade back on; China flexes with missile test

Welcome back to another edition of My Take 5, your weekly wrap of international news. This week we are covering the slow crumbling of the US-Iran ceasefire, the reimposition of US naval blockade on Iran, protests in Ukraine over firing of the defence minister, China’s missile test in the South…

The Times of India

US-Iran strikes: latest developments

DUBAI - US and Iranian strikes extended into Sunday, with Washington saying it was punishing Tehran for the deaths of two US servicemen in Jordan and Gulf states announcing responses to Iranian attacks.

Bangkok Post

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UAE flight cancellations today: US-Iran conflict impacts Kuwait, Saudi Arabia routes as airlines adjust schedules

Check the latest UAE flight cancellations as some routes face disruptions. Services to Kuwait and parts of Saudi Arabia are most affected by these changes. Several international airlines have extended flight suspensions to Dubai and other Gulf destinations. Rerouting flights due to airspace restrictions causes longer journey times and potential…

The Economic Times

US-Iran fighting escalates with infrastructure targeted

Iran on Saturday struck infrastructure in the Gulf and threatened a "full-scale offensive" in retaliation for the seventh consecutive night of US strikes on the Islamic republic.

Radio France Internationale

Why is Trump risking midterm disaster by resuming the unpopular Iran war?

Less than a month after hailing a ceasefire, Trump resumed strikes on Iran, a move experts warn could prolong the war and hurt Republicans before the midterms

The Guardian - US

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed significantly on Friday, reaching their highest point in over a month. Escalating hostilities between the United States and Iran intensified attacks across the Gulf region. Shipping routes face potential closure, impacting global oil flows and prices. Saudi Arabia has redirected significant crude exports to avoid the Strait…

The Economic Times

Australia expands its fuel buffer against Gulf turmoil

Australia's fuel reserves have hit all-time highs as the Iran conflict roils global oil markets, helping keep unleaded around $1.76 a litre in capital cities.

AAP

While commercial ships and oil tankers struggled to get by, this Soviet-born billionaire’s $300 million superyacht left Dubai and cruised through the Strait of Hormuz on a 2,000-mile journey to the Maldives

Motor Yacht A, under the ownership of billionaire Andrey Melnichenko, recently traversed the Strait of Hormuz amidst increased military tensions that have prompted commercial vessels to postpone their voyages. Following the imposition of Western sanctions after Russia's invasion of Ukraine, Melnichenko relocated his assets to the Gulf, particularly after his…

The Times of India

Iranian strike damages a Kuwait desalination plant, exposing water vulnerability in dry Mideast

Iranian strikes have damaged a power and water desalination plant in Kuwait, highlighting the vulnerability of infrastructure in the Middle East

The Independent UK

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International Business Times

Oil Producers Are Trying to Leave the Strait of Hormuz Behind. Iran Has Other Plans.

Governments across the Gulf are accelerating pipeline construction after Iran and its regional allies intensified attacks on commercial shipping, but experts say pipelines remain exposed to military strikes from Tehran.

The Independent UK

UK strikes ‘biggest ever’ deal with European country amid e-gate and roaming agreement

The trade deal followers similar situations with India, the US, the EU, Gulf states and South Korea

The Guardian - UK

US hits civilian infrastructure as it expands strikes against Iran

Tehran bombs US allies in Middle East after US attacks on bridges, energy facilities and key port

The Conversation

Backed into a corner by Iran over the Strait of Hormuz, Trump may resort to even more reckless escalation

In a moment of brazen hubris in the Oval Office last year, US President Donald Trump railed at Ukrainian President Volodymyr Zelensky. He accused Zelensky of not being thankful for US support in Ukraine’s existential struggle against invading Russian forces, and famously told him: “You don’t have the cards”.

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The Times of India

Supertanker hit with Hellfire missiles: How US-Iran conflict is spreading across the Gulf

The United States intensified its military campaign against Iran on Thursday, expanding its strikes, for the first time since reimposing its naval blockade, attacking an oil tanker with Hellfire missiles headed for Tehran's main export terminal.

The Economic Times

Oil is crude once again! Is $95 the new normal and what it means for Indian investors?

Crude oil prices are rising again due to escalating Middle East tensions. This surge impacts India's import costs and government finances significantly. Higher oil prices will likely pressure the Indian rupee and fuel inflation. Indian equity markets may experience a broad risk-off reaction. Sectors like aviation and logistics face increased…

France 24

US launches ‘wave of strikes’ on Iran, Tehran threatens to halt regional energy exports

The US military on Wednesday launched rare daytime attacks on Iran, including a 90-minute wave of strikes, as it reimposed a naval blockade on Iranian ports. Tehran responded with strikes on “US military targets” in Gulf states and threatened to halt energy exports in the region.

The Guardian - UK

Chaos and confusion bring US no closer to resolution on strait of Hormuz

Five months of U-turns and false boasts leave Donald Trump in worse position than when he started

Evening Standard

US military intercepts ships trying to run reimposed naval blockade of Iran

Ongoing clashes over a Gulf waterway, vital to global energy supplies, have fuelled concerns of a return to a full-blown conflict.

International Business Times UK

Trump's 20% Shipping Fee Plan in Hormuz Collapses Less Than One Day After Announcement

Trump's 20% Hormuz shipping fee collapsed in less than a day after Gulf allies intervened, reviving debate over Trump's negotiating style as tensions with Iran escalated.

International Business Times UK

Trump's Hormuz Toll Gamble Ends Quickly: 20% Fee Abandoned After Single Day in Power Play

President Trump has reversed his proposal for a 20% toll on cargo through the Strait of Hormuz, following appeals from Gulf allies, opting instead for expanded trade and investment deals

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