The Latest Breaking News from Gulf

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 Guardian - UK · Jun 15

'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.

The Economic Times · Jun 15

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.

AAP · Jun 15

Fragile Iran deal offers oil relief, but Hormuz risks remain

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible. Tanker traffic may not fully return to pre-war levels soon. This situation will likely keep oil prices higher. Logistics will take time to…

The Economic Times · Jun 15

Aussie shares surge as US and Iran strike peace deal

Risk assets have soared after the US and Iran agreed to halt fighting and reopen the Hormuz Strait, a transit lane for a fifth of global oil and gas shipments.

AAP · Jun 15

Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected to lower freight costs, ease inflationary pressures, and stabilize global energy markets, benefiting key sectors and policymakers.

The Economic Times · Jun 15

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole

Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the strait."

Fortune · Jun 14

Shipping authority directs placement agencies to restrict deployment of Indians in conflict zone

Indian seafarers are being restricted from deployment to conflict zones. This directive follows a US military strike on a commercial vessel off the Oman coast. Three Indian crew members were killed in the incident. The Directorate General of Shipping issued the advisory to maritime recruitment agencies. Masters of vessels in…

The Economic Times · Jun 14

Qatar hail first World Cup point after late goal stuns Switzerland​ in 1-1 draw

SANTA CLARA, California: Qatar celebrated their first World Cup point after a late own goal forced a 1-1 draw against Switzerland and sent the Gulf nation into jubilation on Saturday.

Bangkok Post · Jun 14

Strait of Hormuz is reopening after this Sunday? Donald Trump shares major update on US-Iran deal

Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

The Economic Times · Jun 13