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The Latest Breaking News from Gulf

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

The Independent UK

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."

Bangkok Post

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 Independent UK

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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 Times of India

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.

The Economic Times

Iran-US war latest: Trump launches new wave of strikes as UAE condemns Iran’s ‘brazen’ attacks on tankers

Donald Trump has said the US will be guardians of Strait of Hormuz and impose a 20 percent toll on ships using it

The Independent UK

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Why India Refused a Fast US Trade Deal Will Surprise You

What happens when one of the world's fastest-growing economies refuses to rush into a deal with its biggest trading partner? That is exactly what India has done. Instead of accepting a quick trade agreement with the United States, New Delhi has chosen patience over pressure. The decision has sparked global…

MyLifeXP

Korea's Kospi hits 8% lower circuit, trading halted. What's rattling investors today?

South Korea's benchmark Kospi index plunged 8% to lower circuit on Monday as rising tensions in the Gulf and soaring oil prices rattled global markets. The selloff, led by sharp declines in AI-heavyweights SK Hynix and Samsung Electronics, pushed the index deeper into bear market territory, although it remains the…

The Economic Times

Gold slides over 1% as oil surges on Strait of Hormuz closure fears

Gold prices declined over one percent in early Asian trade Monday. Oil prices jumped sharply, increasing inflation concerns and interest rate expectations. U.S. and Iranian forces exchanged missile and drone assaults in the Gulf region. Federal Reserve chair testimony and economic data will offer policy clues. Gold speculators reduced net…

The Economic Times

Global Market Today: Asian shares slip as oil jumps on Gulf attacks

Asian markets declined as intensified Gulf fighting and oil price surges rekindled inflation risks. Oil prices climbed significantly, impacting global economic outlooks and investor sentiment. Investors increased expectations for a Federal Reserve interest rate hike soon. Major banks and tech companies are set to release their quarterly earnings reports. South…

The Economic Times

Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed

U.S. and Iranian forces exchanged heavy missile and drone assaults across the Gulf region. Iran stated it had again closed the vital Strait of Hormuz, impacting global shipping. The United States military launched retaliatory strikes against Iranian facilities on Sunday. This renewed violence casts further doubt on an interim U.S.-Iranian…

The Economic Times

Oil jumps 3% after US, Iran escalate strikes in Mideast

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and the United Arab Emirates over the weekend. This cycle of attacks casts doubt on an interim U.S.-Iranian agreement. Market analysts suggest the…

The Economic Times

Middle East live: US ‘reinstating’ Hormuz blockade, will charge 20% on cargo, Trump says

President Donald Trump on Monday said the US is “reinstating” a blockade on Iran in the Strait of Hormuz and will charge ships a “rate of 20% on all cargo shipped” through the waterway for the security costs. Traffic in the strait slowed as Washington and Tehran asserted competing claims…

France 24

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France 24

Iran expands attacks on Gulf states after intense US strikes

Iran reported strikes Sunday evening on two of its southern islands while Kuwait, where Tehran has repeatedly targeted US installations, said border posts and an offshore oil platform had been attacked. The as-yet unclaimed strikes came hours after Tehran and WashingtonStrait of Hormuz, offering contradicting statements as to whether the…

The Economic Times

US-Iran war: Oil flow through Hormuz rises after ceasefire, but fresh strikes spark fears, IEA says

Iran war news: Oil flows through the Strait of Hormuz recovered sharply after a ceasefire. Renewed hostilities this week have revived uncertainty over global oil markets. Benchmark crude prices fell through June as tanker traffic resumed. Global oil supply rebounded in June, supporting Gulf production recovery. The outlook depends on…

Benzinga

Hormuz Stays Open as Iran–US Strikes Lift Oil Prices Amid Gulf Tensions

Shipping through the Strait of Hormuz remains open despite Iranian claims that it has shut the key transit route for oil and natural gas to traffic.

Bangkok Post

US-Iran strikes: latest developments

DUBAI - Iran announced it was again closing the Strait of Hormuz on Sunday and hit Gulf neighbours in retaliation for US strikes, further undermining efforts to salvage Middle East peace efforts.

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The Economic Times

US-Iran strikes: Latest developments on Gulf attacks, Hormuz closure

Iran announced it was again closing the Strait of Hormuz on Sunday and hit Gulf neighbours in retaliation for US strikes, further undermining efforts to salvage Middle East peace efforts. US strikes 140 targets CENTCOM said Saturday the US military had hit "approximately" 140 targets in Iran in retaliation for…

The Guardian - UK

Trump claims strait of Hormuz open to commercial traffic despite Iran earlier announcing closure – as it happened

Tehran reportedly attacks Gulf countries following fresh US strikes

The Times of India

Middle East ceasefire dead as US bombs Iran again, Hormuz shuts and missiles fly over Gulf countries — top developments

The United States carried out a third round of strikes on Iran after accusing Tehran of attacking a commercial container ship in the Strait of Hormuz. In response, Iran announced that it had once again closed the strategic waterway, stepped up attacks on US military facilities across the Gulf and…

The Independent UK

Qatar’s former ruler who abdicated after turning tiny Arab nation into global powerhouse dies at 74

Hamad bin Khalifa Al Thani mastermind the Persian Gulf state’s transformation from a quiet backwater into an influential international crossroads in less than a generation

The Economic Times

Booms heard in Doha as UAE air defences engage with Iranian missiles & drones

United Arab Emirates air defence systems are responding to incoming missiles and drones from Iran. Explosions were heard in Qatar's capital, Doha, as security alerts were issued. This escalation follows fresh United States strikes on Iranian targets. Iran declared the Strait of Hormuz closed, warning of severe responses to any…

Radio France Internationale

What makes the Sultanate of Oman the Gulf's geopolitical exception?

Removed from the theatrics of petrodollar politics seen across the rest of the Gulf, the Sultanate of Oman's famed discretion and diplomacy have made it an indispensable intermediary in the region.

The Economic Times

Fight for Hormuz swings between missiles & diplomacy as Iran minister reaches Oman

Iran's foreign minister Abbas Araqchi arrived in Oman to discuss ship passage safety. The United States seeks a public pledge for secure and free transit. Recent hostilities escalated after attacks on commercial tankers in the Gulf. Both sides have agreed to continue talks despite the ongoing conflict. Oil prices have…

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