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The Latest Breaking News from Gulf

Iran strikes Gulf neighbours after new US attacks

Tehran announced it was closing the Strait of Hormuz on Sunday and launched missiles and drones at its Gulf neighbours, in retaliation for new US strikes following an attack by Iranian forces on a merchant vessel that was abandoned in flames by its crew.

Radio France Internationale

Could oil prices spike further? Inside the fragile US-Iran stance in the Gulf

Geopolitical tensions in the Middle East have escalated after attacks on commercial vessels. Iran's objective appears to be expanding its strategic influence over the Strait of Hormuz. Gulf nations are remaining cautious to avoid direct involvement in the confrontation. Crude oil prices are expected to remain elevated due to ongoing…

The Economic Times

US demands Iran publicly guarantees Strait of Hormuz is open and safe for ships

Tehran’s top diplomat at the United Nations insists any activity in the Gulf channel ‘rests exclusively with Iran’

Evening Standard

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Trump agrees to more Iran talks but insists truce is over

TEHRAN - US President Donald Trump said Friday he had agreed to further negotiations with Iran, even as he repeated his assertion that the ceasefire between the long-time foes was over.

Bangkok Post

Unclaimed strikes hit southern Iran as Hormuz tensions persist

Mysterious airstrikes hit Iran after United States attacks concluded. Iran launched retaliatory attacks across the Middle East, targeting several nations. Gulf Arab states and Israel have not claimed responsibility for these strikes. Iran continues to assert sole control over the vital Strait of Hormuz waterway. Maritime advisories urge ships to…

The Economic Times

Why Iran broke the ceasefire in the Strait of Hormuz and what might happen next – expert Q&A

The 60-day ceasefire signed by the US and Iran three weeks ago fell apart on July 8. Iran targeted vessels transiting the Strait of Hormuz without its say-so, prompting the US to respond with strikes against a range of military targets in the Islamic Republic.

The Conversation

No 'nuclear dust' for US? Iran begins restoring Bushehr nuclear plant operations after recent attacks

Bushehr Nuclear Power Plant employees are returning to the facility after recent explosions. The International Atomic Energy Agency is closely monitoring the situation and urges restraint. Nuclear experts have long warned of devastating consequences from any attack on the plant. A direct strike could release significant radioactivity and contaminate Gulf…

The Times of India

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The US can’t win with force in the Strait of Hormuz – Iran must be offered a realistic incentive to settle

Iranian attacks on Gulf vessels trying to transit via Omani sovereign waters have once again pulled the region into a tit-for-tat spiral of escalation.

The Conversation

Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says

Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.

Euronews

Mysterious airstrikes target Iran after US attacks, raising questions of who launched them

A series of mysterious airstrikes have hit Iran after the U.S. said it ended its attacks, raising questions about who targeted the Islamic Republic

The Independent UK

LNG tankers return to Strait of Hormuz despite renewed Middle East tensions

Liquefied natural gas tankers have resumed transiting the Strait of Hormuz recently. Twenty-two Japan-linked vessels exited the Gulf since Tuesday, Tokyo confirmed. This occurred despite renewed fighting and attacks on commercial shipping. Several ballast LNG tankers entered the strait in recent days. Japan-linked vessels in the Gulf have significantly decreased…

The Economic Times

Gold heads for weekly drop as Gulf attacks reinforce rate-hike bets

Gold prices held steady early Friday as markets assessed inflation risks. Renewed rate-hike expectations are pushing the non-yielding metal toward a weekly decline. U.S. military infrastructure in Gulf states faced attacks after U.S. strikes on Iran. Markets now price in a higher chance of a September rate hike. Other precious…

The Economic Times

Fragile yen set for weekly decline as intervention risks mount

The yen remains near a forty-year low, causing trader concern over potential Japanese intervention. Renewed Gulf hostilities are casting a shadow over energy prices and global inflation outlooks. The dollar saw slight easing but remained largely unchanged for the week. Other currencies like the British pound and euro showed strength…

The Economic Times

Trump updated Netanyahu on US 'moves in Gulf': Israeli PM's office

President Trump updated Prime Minister Netanyahu on US Gulf operations. Israel voiced concerns to the White House regarding Turkey's statements. Turkey rejected Israel's claims about F-35 fighter jet sales. Tensions have mounted between Trump and Netanyahu over Iran. Israel also informed the US of a new Iranian plot.

The Economic Times

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The Economic Times

US official says 'technical talks' continue with Iran, no new strikes in past hours

United States officials stated no fresh strikes occurred while diplomatic talks continue. Iran launched attacks on US military sites in Gulf states on Thursday. These strikes were retaliation for earlier US attacks on Iranian military infrastructure. The recent exchanges further strained a fragile three-week-old ceasefire. Both sides stressed the need…

Bangkok Post

Why the Gulf needs economic ties with Tehran

The US-Israeli war against Iran has shattered the Gulf's old security order. As governments search for alternatives, debate has focused largely on military strategy, diplomatic realignments and the role of outside powers. Missing are the economic foundations of a lasting peace.

The Times of India

Target vs target: What US hit in Iran, and what Tehran struck in response

The fragile ceasefire between the United States and Iran has collapsed after fresh military strikes. Both nations launched attacks, expanding the conflict across the Gulf region. Iran targeted US air defence systems and facilities in several Middle Eastern countries. The United States struck approximately ninety military sites across Iran. These…

The Economic Times

Iran says it hits US military targets in Gulf, lays slain leader to rest

Iranian forces attacked U.S. military infrastructure in Gulf states on Thursday. These strikes followed U.S. attacks on Iran's southern and eastern provinces. The events put further strain on a three-week-old ceasefire agreement. Iran's Revolutionary Guards warned of a crushing response to further U.S. intervention. Oil prices fell as investors weighed…

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The Times of India

Is Hormuz reopening or shutting down? Shipping data and IRGC claims don’t match

Oil tanker traffic through the Strait of Hormuz slowed significantly on Thursday. Renewed US airstrikes and Iranian retaliatory attacks heightened security concerns in the Gulf. Iran's IRGC Navy claimed the strategic waterway was secured and gradually reopening. Several vessels turned off tracking systems, limiting visibility of actual ship movements. Shipping…

The Economic Times

India's crude imports remain resilient despite Strait of Hormuz tensions

India's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfolio over recent years. Russia now supplies over half of India's total crude oil imports. However, LPG and LNG supplies remain vulnerable to Gulf disruptions. Prolonged instability could increase shipping costs and regional…

The Economic Times

Persian Gulf tanker backlog clears, but fresh Iran attacks cloud shipping outlook

A large backlog of oil tankers in the Persian Gulf has nearly cleared. This occurred after a ceasefire was signed between Iran and the United States. However, recent attacks on commercial vessels have renewed safety concerns. Shipowners now face renewed hesitation about navigating the vital oil corridor. This situation undermines…

The Economic Times

Gulf companies are set to reveal the unequal toll of Iran war

Gulf companies will reveal the regional financial impact of the conflict this week. Banks and real estate sectors face challenges due to inflation and interest rate changes. Energy firms saw price gains offset supply disruptions from the conflict. Telecoms remained resilient due to long-term contracts and steady demand. The conflict's…

The Economic Times

Dollar stands tall as Gulf tensions fuel oil price surge, Fed hike bets

The U.S. dollar held firm against major currencies on Thursday. Renewed Gulf tensions revived safe-haven bids, boosting the dollar's strength. Surging oil prices also fueled rate hike bets, keeping the yen under pressure. The Japanese yen struggled near a 40-year trough against the dollar. U.S. Treasury yields rose as markets…

The Economic Times

Iran: Gulf on the boil again as new US strikes mark fresh escalation; fear rises of a return to war

US forces have launched fresh strikes against Iran following an attack on three cargo vessels in the vital Strait of Hormuz. Trump has declared the temporary truce with Iran 'over'. Reports of explosions and power outages have come from Iran's southern coastline, heightening fears of a return to military tensions…

The Economic Times

Are US-Iran headed back to war? What next after Trump's new threats

US President Trump's comments have intensified the US-Iran crisis with new threats. He is now considering attacks on Iran's power and water infrastructure. Iran has vowed a strong response to any aggression against its sovereignty. Gulf states are likely to push for renewed diplomatic negotiations between both nations. The situation…

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