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The Latest Breaking News from Gulf

Trump Abandons 20% Strait of Hormuz Fee, Says Gulf States Will Make 'Record' Investments in the US as CENTCOM Reaffirms Naval Blockade

President Donald Trump has abandoned the idea of imposing a 20% fee on all vessels traveling through the Strait of Hormuz after floating the idea on Monday, demanding compensation in exchange for safe passage through the waterway.

Benzinga

Gold edges higher on soft US inflation, Gulf conflict clouds rate outlook

Gold prices saw a slight increase on Wednesday as inflation data eased rate hike worries. Renewed Middle East conflict and rising oil prices, however, limited gains for the precious metal. Traders now anticipate a lower probability of a U.S. interest rate increase this year. Investors await China's economic data, which…

The Economic Times

Trump resumes Iran port blockade and threatens strikes on energy targets

President Donald Trump reimposed a naval blockade on all Iranian ports. He threatened to strike power plants and bridges next week unless negotiations resume. The US military also began fresh strikes to degrade Iranian capabilities used to attack shipping. Iran claims it closed the Strait of Hormuz after hostilities reignited…

The Economic Times

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Trump Scraps Hormuz Toll After One Day, Admits He Doesn't 'Like the Concept of a Fee'

President Trump has reversed his decision to impose a 20% toll on vessels in the Strait of Hormuz, opting for Gulf investment deals amidst escalating US-Iran tensions.

International Business Times UK

US military reimposes naval blockade on Iranian ports, launches new strikes

US forces on Tuesday reimposed a naval blockade to prevent ships from sailing to or from Iran's ports and conducted strikes against the country for a fourth day in response to Tehran's attacks on commercial ships passing through the Strait of Hormuz and on Gulf facilities.

France 24

Saudi, Houthis edge towards war as Middle East conflict spills over

Saudi Arabia and Yemen's Houthis are nearing renewed conflict after recent attacks. Houthi fighters claimed large-scale strikes on Saudi Arabia, ending a four-year truce. The Yemeni government's backer, Riyadh, is prepared to retaliate against Houthi infrastructure targets. This escalation risks further destabilizing the Middle East region and its fault lines.…

The Economic Times

After Hormuz, Iran turns to Red Sea gateway as new pressure point

Iran is signaling potential closure of the Bab el-Mandeb Strait via its Houthi allies. This move risks disrupting global trade and vital energy supplies through the Red Sea. Houthi attacks on shipping have already forced major companies to reroute vessels. Analysts suggest Iran is widening the conflict and increasing pressure…

The Economic Times

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Beyond the Strait of Hormuz: How Gulf countries are preparing for life without the waterway

IN DEPTH : The US and Iran continue tit-for-tat strikes over the vital shipping route while a fifth of the world’s oil supply remains at a standstill. But Gulf countries have been looking towards alternatives for a more independent future, Maira Butt reports

The Independent UK

Trump backs down over threat to levy tolls on shipping in Strait of Hormuz

The British Government was against the imposition of charges, which critics had branded ‘economic extortion’

The Independent UK

US-Iran war: Trump drops 20% toll plan on Hormuz, seeks Gulf investment deals instead

US President Trump announced Gulf nations will invest in the United States. This replaces a proposed fee for shipping through the Strait of Hormuz. Massive investments will boost American factories and create jobs. The US military ensured uninterrupted oil flows through the vital waterway. Iran faces a full blockade on…

The Economic Times

US-Iran conflict widens after deadly tanker attack in Strait of Hormuz

Commercial shipping has come under attack in the Strait of Hormuz as the US and Iran exchange military action, raising fears the conflict could draw more Gulf states into the fighting.

Euronews

CBSE Gulf exam row: Supreme Court posts assessment plea for next week

The Supreme Court on Tuesday said it will hear next week petitions challenging the CBSE's assessment scheme for regular Class 12 students in Gulf countries whose board examinations were cancelled due to the Iran-US war. The CBSE told the court it will file its response before the matter is taken…

The Economic Times

Bahrain EDB’s CEO H.E. Noor is doubling down on growth amid mounting regional headwinds

As Gulf states compete through scale and headline-grabbing mega-projects, Bahrain EDB’s CEO H.E. Noor is pursuing a different path—leveraging regulatory innovation, specialist sectors, and strategic partnerships to position the kingdom as the region's agile investment hub.

Fortune

Bahrain EDB bids to win investors despite mounting headwinds

As the race for Gulf capital intensifies, Bahrain is competing on its own terms

Fortune

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The Economic Times

India bonds join global rout after Mideast escalation jolts oil higher

Indian government bonds declined early Tuesday amid rising oil prices. Fresh Gulf strikes obstructed shipping, causing Brent crude to climb significantly. This surge in oil prices threatens to increase India's inflation and interest rate risks. Foreign investors sold Indian bonds, marking their first sale since June policy measures. The rupee…

International Business Times UK

What Is the Pentagon DOJ Leak Task Force? Inside Hegseth's Plan That Has Press Freedom Groups Alarmed

Pete Hegseth's new Pentagon-DOJ leak task force arrives days after four New York Times reporters were subpoenaed, and it could decide how much of the Gulf war Americans get to see.

The Times of India

Middle East crisis: Indian killed, sirens blare across Gulf states as US-Iran trade strikes - top developments

In a significant escalation, two Emirati oil tankers were hit by Iranian cruise missiles in the Strait of Hormuz. Tragically, one Indian national lost their life, while eight crew members suffered injuries during the assault. Calling this act unacceptable, the United Arab Emirates pledged a robust response. Iran defended its…

The Economic Times

Gold drops to 2-week low as oil surge drives inflation, rate-hike fears

Gold prices declined to a two-week low on Tuesday. Oil prices surged due to the U.S.-Iran conflict in the Gulf. Federal Reserve Governor Christopher Waller's hawkish remarks fueled interest rate hike bets. Investors await U.S. CPI data for inflation and Fed policy clues. European Union sanctions targeted Sudan's gold trade…

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The Economic Times

Trump sends Congress formal notice that Iran conflict has resumed

President Trump notified Congress of renewed hostilities against Iran starting July seventh. This action begins a new sixty-day period for military use without approval. The administration claims Iran violated an agreement by attacking commercial vessels. The United States is reinstating its blockade of Iranian shipping in the Gulf. Congress previously…

The Independent UK

Keir Starmer speaks out on Strait of Hormuz attacks as Trump threatens 20% tolls

Sir Keir made his remarks after the US president claimed charging a fee on cargo for use of the Gulf channel was a “matter of fairness” to cover the cost of providing security

Bangkok Post

It's a shame the US and Iran can't both lose

The last time oil tankers were being shot up in the Persian Gulf, back in the 1980s, it was Saddam Hussein's brutal tyranny in Iraq versus Ayatollah Khomeini's revolutionary Islamist regime in Iran, and people used to say, "It's a shame that both sides can't lose."

The Independent UK

Trump is a toxic ally. His war with Iran is once again spreading across the Gulf

ANALYSIS: As the war in Iran spreads again to Oman, Bahrain and Kuwait and Donald Trump announces a 20 per cent toll on all ships passing through the Strait of Hormuz, it’s time the Gulf states realised the US president is a dangerous ally, writes world affairs editor Sam Kiley

The Times of India

Iran’s 'eye-for-an-eye' response to US strikes: What was targeted and why

Iran launched what it described as an "eye-for-an-eye" military operation against the United States on Monday, targeting American military facilities across the Gulf after fresh US strikes hit Iranian military infrastructure over the weekend.

The Economic Times

India's June trade deficit jumps 59% YoY to $30.43 bn

India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June quarter, overall goods exports increased about 15%, supported by higher petroleum shipments and a recovery in exports to Gulf countries.

The Economic Times

Iran tensions risk fertilizer flow to South American farmers

The flow of fertilizer ships entering the Persian Gulf has slowed to a trickle since late June as tensions began to rise again with a spate of Iranian attacks on vessels transiting the Strait of Hormuz.

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