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The Latest Breaking News from Gulf

Queen Elizabeth Received "An Aladdin's Cave" of Jewelry During Middle East Visit But Was "Not Sure What Happened to It," Per Royal Author

The late Queen received "millions of pounds" of gifts during her 1979 Gulf states tour.

Marie Claire

What alternatives do Gulf states have to the Strait of Hormuz?

Two months into the Iran war and the Strait of Hormuz is still mostly shut. Vessel traffic is running at a fraction of pre-war levels, with the patchwork of ceasefires, blockades and re-closures since February 28 not restoring confidence on the bridge of any tanker.

The Conversation

Could the UAE’s shock exit from Opec cause an oil price war?

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to come

The Guardian - UK

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‘No place in Gulf, except at bottom of its waters’: Iran’s Khamenei slams ‘Great Satan’ US, rejects nuclear curbs

Iran's Supreme Leader Ayatollah Mojtaba Khamenei declared Iran's nuclear and missile capabilities non-negotiable, calling the US the "Great Satan" and asserting that foreigners have no place in the Persian Gulf. He emphasized that Iran's technological and military assets are national treasures to be protected by its population.

The Times of India

Iran warns the only place for US in the Gulf is ‘at the bottom of its waters’

Ayatollah Mojtaba Khamenei is reported to be severely injured and passing on messages through top security officials

The Independent UK

Can you still book Middle East cruises – and is it safe?

IS IT SAFE MIDDLE EAST CRUISE: Cruise editor Marc Shoffman explores the current state of cruising in the Gulf

The Independent UK

Gulf urea output drops with lack of fertilizer ships to load

The situation threatens to worsen food inflation. Efforts are underway to find safe shipping routes for essential goods.

The Economic Times

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UAE’s OPEC exit has been long in the works – and may mark the beginning of a Gulf realignment

The United Arab Emirates’ decision to withdraw from the Organization of Petroleum Exporting Countries will leave the oil cartel weakened at a crucial time. It also illustrates the ongoing tensions between the UAE and Saudi Arabia, OPEC’s largest producer and de facto leader.

The Conversation

UAE Quits OPEC Effective May 1: 10 Key Facts on Shocking Exit

The United Arab Emirates announced Tuesday it will leave both OPEC and the broader OPEC+ alliance effective May 1, delivering a major blow to the oil producers' group and its de facto leader Saudi Arabia amid the ongoing Iran conflict that has severely disrupted Gulf energy exports.

International Business Times

How the UAE’s decision to leave Opec could recast the Middle East

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region

The Guardian - UK

Why the Real Story Behind the UAE’s OPEC Exit is Petrodollar Diplomacy

With Emirati energy infrastructure taking hits from the Iran war, Treasury Secretary Bessent tries to stave off the ‘petroyuan’ era.

Barchart

Qatar warns Iran it will not be used as 'political punching bag'

Qatar warned Iran on Tuesday it will not be used as a “political punching bag,” calling for a "comprehensive deal" that would secure the Gulf. In response to Euronews, Qatar's foreign ministry spokesman said "we applaud our partners in Europe for taking the lead" in the Strait of Hormuz crisis.

Euronews

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.

Fortune

Middle East crisis: Trump hits back at German chancellor after Merz said Iran was ‘humiliating’ US – as it happened

US president claims Friedrich Merz ‘doesn’t know what he’s talking about’ after German leader criticised US strategy in Iran

The Guardian - AU

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The Independent UK

Tired and worried, seafarers have been stranded in the Persian Gulf for weeks

Around 20,000 seafarers on hundreds of vessels are stuck in the Persian Gulf, unable to cross the Strait of Hormuz that remains effectively shut by Iran

Euronews

El-Sisi warns Middle East faces ‘attempts to redraw map’, calls for Gulf role in any Iran deal

The Egyptian president warned that the Middle East is entering a “critical phase”, with attempts to redraw its map, and called for state sovereignty to be respected.

The Independent UK

The war in Iran is in a ‘limbo’ phase. Here’s why it could leave the world facing chaos

IN FOCUS: Despite Iran’s foreign minister Abbas Araghchi travelling to Pakistan, there are still no plans for direct talks with the US. Should the current impasse continue, analysts tell James C. Reynolds that it could hurt the west and strengthen Tehran

The Guardian - UK

From syringes to stents: Iran war exposes NHS dependency on petrochemicals

NHS chiefs fear rising costs and healthcare shortages due to the shipping standstill in the Gulf

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Euronews

EU leaders vow to boost security and economic ties with Middle East to minimise effect of Iran war

Leaders from Lebanon, Egypt, Syria and Jordan as well as the secretary general of the Gulf Cooperation Council, were in Nicosia to meet their European Union counterparts on the sidelines of an EU summit.

Axios

How a swap line for Persian Gulf allies would break with the past

"Many of our Gulf allies have requested swap lines" and seemed receptive to their use, said Treasury Secretary Scott Bessent.

The Mary Sue

Trump promised peace in the Gulf but delivered chaos. Now Iran’s Revolutionary Guard is hijacking ships under his ‘ceasefire’

Iran just seized two more ships in the Strait of Hormuz, and the chaos President Donald Trump promised would never happen is now spiraling out of control. The Panama-flagged MSC Francesca and the Greek-operated Epaminondas were both stopped by Iran’s Revolutionary Guard and towed to shore, marking the first time…

The Texas Tribune

Study finds toxic benzene emissions along the Texas Gulf Coast are among the highest in the nation

Researchers found that state policy and oil refineries’ failure to fix leaks contributed more to high benzene emissions than the size or capacity of the refineries.

The Independent UK

Fallout from Iran war is ‘major new threat to foreign aid’

There are growing concerns that the economic fallout from the current conflict in the Middle East will push Gulf nations – who collectively provided more humanitarian aid than the US last year – turning away from foreign assistance

Evening Standard

Trump issues ‘shoot to kill’ order for boats laying mines in Strait of Hormuz

President Donald Trump has also directed the US navy to step-up clearance of the explosive devices from the critical Gulf waterway.

The Independent UK

Oil prices hold above $100 as Iran seizes ships in Strait of Hormuz and peace talks stall

Iran seized two container ships seeking to exit the Gulf via the strait on Wednesday, tightening its grip on the waterway

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