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The Latest Breaking News from Gulf

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

The Independent UK

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.

Bangkok Post

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

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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.

The Economic Times

Patriot missile shortage has created ‘window of vulnerability’ Russia is exploiting in Ukraine

Countries that rely on US-made air defence system feel increasingly exposed as interceptor supplies dwindle

The Guardian - UK

Gulf states arrested over 1,000 for Iran war social media posts: Amnesty

More than 1,000 people have been arrested across Gulf states for sharing information or opinions related to the Iran-US-Israeli war, in what Amnesty International has described as a “widespread crackdown” on freedom of expression.

Radio France Internationale

Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank

Singapore Gulf Bank comes from a partnership between the Whampoa Group and Mumtalakat, Bahrain’s sovereign wealth fund.

Fortune

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Celestyal cancels 2026/27 Arabian Gulf winter cruise season as Iran war continues

Celestyal is boosting is Mediterranean cruise programme

The Independent UK

The Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies

Over the last three weeks, Central Command has guided about 70 ships in and out of the Persian Gulf.

Fortune

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables

The U.S.-Israeli war with Iran has triggered the largest oil supply disruption in history, accelerating Gulf diversification efforts and promoting major new investments.

Fortune

India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.

The Economic Times

Stocks shake off some Iran jitters as AI rules supreme

The MSCI All-World index was ‌up 0.13 per cent to trade around ‌record highs, as markets ⁠from Tokyo to Seoul traded at or near all-time peaks.

AAP

Global Market Today: Asian stocks count on AI boom to offset Gulf risks

Asian markets rose Monday, buoyed by AI demand, despite Middle East tensions impacting oil prices. Investors await U.S. payrolls data, with the Federal Reserve's rate hike outlook influencing currency markets. Gold remained stable as inflation hedges saw little support.

The Economic Times

Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tolls

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purposes like mine clearing are negotiable. This stance comes amid discussions between Iran and Oman regarding a permanent toll system. Qatar aims to balance relations with both Iran…

The Economic Times

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The Economic Times

Hajj travel becomes costlier for pilgrims as Iran-US war disrupts Gulf air routes

Pilgrims heading to Saudi Arabia for Hajj face higher travel costs. Airfares and packages have risen significantly due to increased fuel prices and air traffic disruptions. This impacts millions preparing for the religious obligation. Saudi Arabia's economy relies on religious tourism, with ongoing investments to enhance the pilgrim experience.

The Economic Times

US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis

US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury." This economic pressure campaign, combined with military actions, has severely weakened Iran's financial standing, leading to salary shortages and surging inflation. Bessent highlighted efforts to disrupt Iran's financial…

The Times of India

Gulf's other war: Inside UAE's hidden role behind strikes on Iran despite ceasefire — Report

The UAE's involvement in the Middle East conflict was deeper than previously known, with coordinated strikes on Iran, including energy facilities, even after an April ceasefire. These actions exposed divisions within the Gulf, as Saudi Arabia expressed concerns about escalating risks to regional energy supplies and global markets.

The Economic Times

Premium for near-term LME aluminium at 19-year high as Iran war tightens supply

The war has curtailed most shipping through the Strait of Hormuz, a key route for Gulf producers to export aluminium and import raw materials. Two regional smelters were hit by Iranian strikes in late March.

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The Economic Times

India-Oman CEPA to strengthen energy security, trade resilience and export growth: Report

India and Oman's Comprehensive Economic Partnership Agreement begins June 1, 2026. This pact will significantly boost trade and energy security. Indian exporters will find new opportunities across various sectors. The agreement also supports India's energy diversification plans. Oman is becoming a key gateway for India's future energy and supply chains…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

The Times of India

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

The Conversation

How and where the world’s 2 billion barrels of strategic oil reserves are stockpiled

Drive on Interstate 10 along the Gulf Coast of the United States, through Louisiana and into Texas, and you’ll see signs of the oil industry everywhere. There are offshore rigs out in the water and refineries lining the shoreline, where tankers deposit crude oil extracted from the Gulf floor.

The Times of India

Khamenei sidelined? Iran's Supreme leader not involved in US peace talks: Report

Questions are mounting over Supreme Leader Khamenei's direct involvement in Iran's ongoing US negotiations, with reports citing "serious ambiguities" about coordination. This uncertainty follows trips by Iranian officials and a reluctance to hold talks in Tehran or Pakistan, fueling speculation about who is directing the diplomatic process amid heightened Gulf…

France 24

Trump met with 'laughter and silence' by US allies in Gulf region

PRESS REVIEW – Wednesday, May 27, 2026: First, US President Donald Trump's attempts at finding a deal with Iran are under a lot of scrutiny. Next, the EU is asked to consider the environmental impact of mega data centres, as locals fight back against projects which might harm the environment.…

International Business Times UK

Is Trump Starting Another War? POTUS Warns Oman to 'Behave' Or 'We'll Have to Blow Them Up'

Donald Trump sparked backlash after warning Oman to 'behave' amid Iran Strait of Hormuz talks, prompting critics to question whether he is escalating toward conflict.

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