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The Latest Breaking News from Gulf

US-Iran MoU outlines $300 billion Iran reconstruction fund — but who will pay the bill?

US secretary of state Marco Rubio is heading to the Gulf amid controversy over a proposed $300 billion reconstruction fund for Iran. While critics decry it as a US payout, the administration claims Gulf states and private investors would largely finance it. However, some Arab allies fear a wealthier Iran…

The Times of India

Iran’s defiance: Lessons for the Gulf and the Global South

The 14-point US-Iran Memorandum of Understanding (MoU), signed by US President Donald Trump at the Palace of Versailles in France and President Pezeshkian of Iran in Tehran on 17 June, 2026 , clearly indicates that Iran has won the first round of negotiations.

Newslaundry

India's defence export boom could hit ₹65,000 crore by 2030; pvt sector startups the real play: Sunil Subramaniam

India's defence exports are poised to surpass government targets, reaching ₹60,000-65,000 crore by 2030, according to market expert Sunil Subramaniam. He advises investors to look beyond the Nifty Defence Index, highlighting the private sector's innovation in drones and UAVs, especially with demand from Gulf nations. Subramaniam also points to upcoming…

The Economic Times

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New policy formulated for evaluation of Private CBSE students in Gulf countries: Centre to Supreme Court

The Supreme Court was informed by the Centre about a new CBSE policy for private students whose Class XII exams in Gulf countries were cancelled due to the Iran-US conflict. A distinct evaluation formula, considering Class X and last-attempted Class XII marks, has been notified. This addresses concerns of students…

The Economic Times

India in talks to sell supersonic BrahMos missile to UAE: Report

India is in advanced talks with the UAE to export its advanced defence systems, including the supersonic BrahMos missile and Akashteer air defence system. This potential deal, driven by the UAE's increased arms procurement following regional conflicts, signifies a growing defence partnership between the two nations. India's defence exports are…

The Economic Times

Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strain

A protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like Steve Geoffrey supporting his Kenyan family, face job insecurity and rising costs. While some nations saw initial remittance surges, others report slowing growth and workers depleting savings. Economists predict…

The Economic Times

These Gulf airlines are offering insurance to entice passengers back to the Middle East

Both Emirates and Etihad Airways have announced new insurance schemes which will protect travellers whose countries still list the region as a no-go zone.

Euronews

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Indian refiners increase Russian and UAE oil imports ahead of Hormuz recovery

India's crude oil imports hit a milestone in June, as Russia emerged as the primary supplier, followed closely by the UAE's near-record imports. This shift represents a calculated diversification strategy, influenced by attractive discounts and apprehensions surrounding the Strait of Hormuz. Venezuela is stepping into a crucial role, while the…

The Economic Times

Iran demands ships apply to use Strait of Hormuz in snub to UK and G7 allies

Tehran’s Persian Gulf Strait Authority says vessels have to request passage through the strategic waterway.

Evening Standard

Iran deployed covert Iraq drone cells to target Gulf states: Report

Iran's Revolutionary Guard has reportedly formed secret cells in Iraq to launch drone strikes on Gulf nations hosting U.S. troops. These elite Iraqi Shi'ite fighters, operating independently of traditional militias, allegedly conducted at least seven attacks targeting Kuwait, Saudi Arabia, and the UAE. This strategic shift aims to bolster Iran's…

The Economic Times

How Iran used secret Iraqi cells to strike Gulf states and evade US detection

Iran's Islamic Revolutionary Guard Corps (IRGC) quietly established a network of secret cells inside Iraq to launch drone attacks on Gulf states hosting American forces, according to a Reuters investigation that sheds new light on Tehran's evolving regional strategy.

The Times of India

RBI MPC member Nagesh Kumar flags import dependence, Gulf remittances, El Nino risks in minutes

India faces significant economic risks from the West Asia conflict, including potential disruptions to oil and fertilizer imports via the Strait of Hormuz and reduced remittances from the Gulf. El Niño-induced monsoon failures also pose a threat to agriculture. Despite these vulnerabilities, the nation's strong foreign exchange reserves and fiscal…

The Economic Times

At the gates of Hormuz, 80 million barrels of oil are on standby

Large volumes of crude oil are waiting in the Persian Gulf and are ready to move through the Strait of Hormuz if shipping activity resumes following an interim US-Iran agreement aimed at restoring transit in the waterway.

The Economic Times

Iran's Revolutionary Guards set up covert Iraqi cells to attack Gulf neighbors, sources say

Iran's Revolutionary Guard Corps has formed new secret groups in Iraq. These cells are carrying out drone attacks on Gulf nations like Kuwait, Saudi Arabia, and the UAE. This tactic bypasses established militia networks. The move aims to maintain Iran's regional influence amid depleted resources. These actions pose a challenge…

The Economic Times

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The Economic Times

US-Iran deal redraws the Middle East: Tehran gains, rivals alarmed

A landmark U.S.-Iran interim deal, signed by Presidents Trump and Pezeshkian, ends a three-month war and extends a ceasefire. While hailed as a "deal of the century" by supporters, adversaries like Israel and Gulf states view it as a strategic setback, potentially increasing Iran's security and regional influence.

Bangkok Post

Learning from the right SWFs

What's not to love about a sovereign wealth fund? Gulf states' SWFs, which control roughly $6 trillion in assets, are no longer mere investment vehicles. They have become tools of statecraft, transforming kingdoms and emirates into power brokers and benefactors. Alongside splashy spending on sports and luxury retail -- Saudi…

The Independent UK

Tropical storm remnants pound Gulf states with heavy rain after tornadoes hit the Midwest

The remnants of Tropical Storm Arthur are battering parts of the southeastern United States with heavy rain, sparking flash flood and tornado warnings along the Gulf Coast

Euronews

Middle East flights update: Which airlines are returning to the region and when?

While the US and Iran have signed a Memorandum of Understanding, European airlines are unlikely to restart flights until after the summer.

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The Conversation

US-Iran deal leaves the future of Lebanon uncertain – and subject to Israel playing the spoiler

The United States and Iran inked a long-awaited provisional ceasefire deal on June 17, 2026. After months of uncertainty, the people of the Gulf region can, potentially, breathe a sigh of relief, and global markets look set to be boosted by the reopening of the Strait of Hormuz.

The Independent UK

I was trapped in the Gulf when Trump attacked Iran. This deal is too little, too late for sailors like me

INTERVIEW: Working at sea was a dream for 28-year-old Rex Pereira. But after witnessing the outbreak of the US-Iran war from the deck of his stranded ship in southern Iraq, he tells Maroosha Muzaffar he is a changed man

The Conversation

What’s in the US-Iran peace deal? A lot of concessions and empty promises from Trump, in return for little

The leaders of the United States and Iran have signed a 14-point memorandum of understanding to end the war between their countries, as well as Israel’s military assault on Hezbollah in Lebanon.

The Times of India

‘Like nuclear, they don't blow up planet’: Trump's U-turn on Iran missiles after deal takes effect

President Trump defended a new US-Iran understanding on ballistic missiles, deeming it unfair for Tehran to be disarmed if regional rivals possess them. He differentiated missile threats from nuclear ones, suggesting a less urgent global risk. US forces will remain in the Gulf post-agreement, with follow-up talks planned.

AAP

Europe explores energy security alternatives after Iran war's turmoil

The Iran war's impact on global fuel prices has pushed Europe to explore alternative trade and energy routes

The Economic Times

Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides

The U.S. dollar reached a two-month high as markets anticipated Federal Reserve rate hikes, pressuring the Japanese yen towards intervention levels. Mounting inflation concerns led nearly half of Fed policymakers to expect a hike this year, with strong retail sales further bolstering hawkish sentiment. Fresh Gulf uncertainties also supported the…

The Economic Times

Inside the chaotic Iran talks that let Trump claim victory, but not yet peace

President Trump announced the end of the Iran War and the reopening of the Strait of Hormuz, following intense Qatari mediation. Despite Israeli airstrikes threatening the talks, a framework deal was reached, promising Iran sanctions relief and financial aid in exchange for nuclear commitments. Trump later signed the agreement in…

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