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The Latest Breaking News from Gulf

Iran Strikes Cargo Vessel in the Strait of Hormuz Putting Oil Trade on Edge

The vessel reported being struck by a projectile while sailing approximately 7.5 nautical miles southeast of the Omani port of Dahit, according to maritime security officials across the Middle East.

International Business Times

Gulf states weigh living side by side with Iran as Tehran weaponises Hormuz

As the frontline countries paying the largest price for the Iran war, pressed by severe economic urgencies, the Gulf states are beginning their own firm process towards regional stability with rival Iran, while Tehran continues weaponising the Strait of Hormuz to sow division with its neighbours.

Euronews

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

The Economic Times

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US wants Iran deal but 'not at any price', Rubio says

US Secretary of State Marco Rubio said on Thursday Washington would not accept any Iran deal allowing Tehran to impose fees on shipping through the Strait of Hormuz, warning it would cause "total chaos". His remarks came after an attack on a vessel forced the United Nations to suspend mariner…

France 24

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Cargo ship attack near Oman lifts crude prices

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall again? Oil prices gained more than 2% after a cargo ship was struck near Oman, raising concerns over crude shipments through the Strait of Hormuz. Brent and US WTI crude futures moved…

The Economic Times

US says wants deal with Iran, but not 'at any price'

MANAMA - Top US diplomat Marco Rubio said Thursday that there were limits to what Washington would accept in any deal with Iran, warning that permitting Tehran to charge fees in the Strait of Hormuz would open the door to "total chaos".

Bangkok Post

Rubio hails US-Gulf Arab unity despite region's persistent concerns about Iran agreement

US Secretary of State Marco Rubio assured Gulf Arab partners of unwavering support amidst ongoing negotiations to end the war with Iran. Despite fears of being sidelined, Rubio emphasized their crucial involvement in all discussions. While a joint statement highlighted areas of agreement, concerns linger among Gulf Council members about…

The Economic Times

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Rubio in Middle East tour says any Iran deal will ensure security of Gulf allies

U.S. Secretary of State Marco Rubio assured Gulf Arab allies that any deal with Iran would prioritize their security interests. Concluding a Middle East tour, Rubio aimed to assuage concerns over a preliminary accord, emphasizing Washington's commitment to regional stability. Despite assurances, conflicting accounts on deal terms regarding inspections and…

The Economic Times

Hormuz confusion deepens as Iran and US clash over who controls it

Trump said Tehran had promised no tolls or charges in the strait, hours after Iran and Oman announced a joint permit system asserting their authority over the waterway. Rubio flew to Abu Dhabi to reassure Gulf allies, as analysts warned control over Hormuz would be a major strategic victory for…

Euronews

Rubio assures Gulf allies US will protect interests in Iran peace talks

Secretary of State Marco Rubio was in Bahrain on Thursday to assure Gulf allies that Washington would protect their interests as it pursues a final settlement with Iran. Earlier, President Donald Trump said talks were progressing well, while requesting nearly $88 billion in supplemental funding for the Pentagon after Congress…

France 24

US in a 'panic' at prospect of Gulf states going it alone, analyst says

US Secretary of State Marco Rubio has promised the United States' Gulf allies that Washington would protect their interests as it seeks to hammer out a final settlement of the Middle East war in talks with Iran. Speaking with FRANCE 24's Sharon Gaffney, independent journalist and author of the newsletter…

France 24

Israel says IDF is staying in southern Lebanon, undermining Iran peace talks

Defence minister says troops not withdrawing though Tehran sees end to war in Lebanon as part of deal with US

The Guardian - UK

Rubio reassures UAE, Kuwait as scepticism over Iran deal persists

US Secretary of State Marco Rubio assured Gulf allies of their security during a visit to the UAE and Kuwait, addressing skepticism over a proposed deal to end the U.S.-Iran war. The accord includes a $300 billion fund and sanctions waivers for Tehran. Rubio emphasized the U.S. commitment to regional…

The Economic Times

Iran calls peace pact ‘declaration of US defeat’

US Secretary of State Rubio on regional tour in bid to reassure nervous allies

Bangkok Post

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Euronews

UAE trains connecting Abu Dhabi and Dubai set to launch this September

Etihad Rail will start its route between the UAE capital and Fujairah in late June, with further stations opening in the coming months.

Euronews

Gulf banks want AI, but can they keep control of customer data?

As banks in the Gulf explore new AI tools, the focus is increasingly shifting from what the technology can do to how it can be used responsibly.

The Economic Times

UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEA

United Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alternative routes, extensive storage, and strategic shipping, the UAE successfully navigated Gulf tensions. Exports surged from 1.9 million barrels daily in March to 4.3 million in early June, demonstrating resilience amidst global…

The Economic Times

Oil Price Today (June 24): Crude oil near 4-month low as more tankers pass through Hormuz. What are experts saying?

Oil prices extended their decline on Wednesday, hovering near the four-month lows touched in the previous session, as signs emerged that more oil tankers stranded in the Gulf since the start of the Iran conflict are preparing to move through the Strait of Hormuz.

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The Economic Times

UN starts evacuation of 11,000 seafarers stranded in Strait of Hormuz after ceasefire

A major evacuation plan is now underway for over 11,000 seafarers aboard hundreds of ships stranded in the Gulf. Following a ceasefire deal between Iran and the U.S., the UN's International Maritime Organization is coordinating the phased departure through the Strait of Hormuz. Safety guarantees have been secured, with temporary…

The Economic Times

Rubio arrives in UAE with aim to head off Gulf Arab unease over tentative Iran deal

US Secretary of State Marco Rubio is in the UAE to address concerns over a new Iran deal. The agreement, brokered by Vice President JD Vance, aims to end regional hostilities and reopen the Strait of Hormuz. Rubio emphasized that Iran's leadership must choose to be a nation, not a…

Evening Standard

Top US diplomat echoes British demand for toll-free Strait of Hormuz waterway

Uncertainty continues to hang over the strategic Gulf sea route, which remains a flashpoint in talks between the US and Iran.

The Economic Times

Iran-U. S war ends but Strait of Hormuz disruptions could continue for months ahead. Here's why

Strait of Hormuz continues to remain the bone of the contention in Iran-U.S. deal and middle-east gulf countries' geo-politics. The question remains when will situation normalize.

The Guardian - UK

Rubio insists strait of Hormuz will be toll-free as he arrives for Gulf meeting

US secretary of state seeks to reassure UAE, Kuwait and Bahrain over security and US-Iran ceasefire deal

The Economic Times

Eleven India-bound vessels have crossed Strait of Hormuz since signing of Iran-US MoU: MEA

Eleven India-bound vessels have successfully navigated the Strait of Hormuz since the US-Iran agreement on June 17, according to MEA spokesperson Randhir Jaiswal. Ten Indian-flagged ships remain in the Persian Gulf, with two more entering the region. This crucial waterway, vital for global oil transit, has recently faced disruptions, raising…

Motorsport

How a gulf nation is working on nurturing homegrown talent

The Middle East has become a major hub for world championship events in the last decade. Now, one of the region’s most prominent countries is investing heavily in developing homegrown talent

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