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The Latest Breaking News from Persian Gulf

Iran’s threat to cut undersea cables in Strait of Hormuz poses a serious threat to Gulf states

The conflict between Iran and the US appears to have reached a stalemate. The US navy continues to prevent Iranian vessels or others transiting to or from Iranian ports. Iran, meanwhile, threatens shipping moving in or out of the Persian Gulf region via the Strait of Hormuz.

The Conversation

Oil rises as risks of prolonged Mideast conflict heighten supply worries

Oil prices surged on Tuesday as tensions in the Middle East escalated. Iran's warnings of potential retaliation fueled concerns over supply disruptions, impacting global oil shipments. Experts anticipate limited supply from the Persian Gulf continuing through late 2026. In light of these ongoing interruptions, Goldman Sachs has revised its oil…

The Economic Times

Indian refiners widen oil search as attacks hurt Russian flows

Indian refiners are reducing Russian crude imports amid Ukrainian attacks on supply routes. They are now seeking alternative oil supplies from West Africa and the Americas. Persian Gulf suppliers are also being approached despite Strait of Hormuz concerns. This shift occurs as nationwide demand is expected to increase soon. Refiners…

The Economic Times

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The USS Lincoln has been at sea for 270-plus days. Here’s why conditions on board fell apart

Iranian attacks that devastated a key US base in the Persian Gulf forced the Navy to resupply the aircraft carrier from a faraway island in the Indian Ocean. Now it’s steaming home

The Independent UK

Gulf nations growing impatient with Trump's diplomatic efforts regarding truce with Iran: Report

Persian Gulf allies express growing weariness with Iran peace deal negotiations. United States officials reject assessments of President Trump's diplomatic handling of Iran. The US is adopting a low-key approach towards Iran, avoiding immediate military action. Regional intermediaries are working to revive a memorandum of understanding for the Strait of…

The Economic Times

How trains can transform Persian Gulf politics and global security

The crisis in the Strait of Hormuz, wider tensions in the Red Sea and the oil price spikes these circumstances occassion have made one thing abundantly clear: Gulf countries and global markets are dependent on vulnerable maritime routes.

The Conversation

Hidden world beneath the Persian Gulf? Scientists say a lost freshwater oasis may have sheltered early humans

New research suggests the Persian Gulf was once a green landscape. Underground aquifers may have fed freshwater springs, creating a habitable refuge. This hidden landscape could have supported early human communities for millennia. As the Ice Age ended, rising sea levels submerged this fertile region. The findings offer a new…

The Economic Times

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Australian shares surge as banks, miners charge higher

Investors are betting on a strong earnings season ahead for banks and miners, pushing the S&P/ASX200 to within striking distance of a record high.

AAP

Gulf states seen splurging on debt to build new Hormuz bypasses

Persian Gulf nations are preparing to raise more debt to fund ports, pipelines and transport links that reduce reliance on the Strait of Hormuz as the Iran war continues. Bond issuance has already reached a record $112 billion this year, with investors expecting further supply despite strong demand for Gulf…

The Economic Times

Mideast oil producers step up plans to bypass the Strait of Hormuz

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz

The Independent UK

Australian shares tread water as traders weigh conflict

Australia's mining sector has resumed its decline after the US-Iran conflict sent crude prices higher, but local banks continue to recover from a recent slump.

AAP

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 Independent UK

Goldman says Hormuz flare-up may delay recovery in oil supplies

Renewed tensions between Washington and Tehran have impacted global energy markets significantly. Ship traffic through the strait has nearly halted after recent attacks and exchanges. Flows through the Persian Gulf have retreated closer to seventy percent of normal.

The Economic Times

Aussie shares fall for fourth day as miners take hit

Mining stocks have fallen to their lowest levels in three months, but strength in other sectors has helped limit broader market losses.

AAP

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The Independent UK

Three tankers hit in latest attacks in Strait of Hormuz, British military says

IN FULL

The Economic Times

One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz

Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to…

Barchart

Crude Oil Prices Fall Sharply as Global Supply Risks Ease

August WTI crude oil (CLQ26 ) on Friday closed down -2.69 (-3.74%), and August RBOB gasoline (RBQ26 ) closed down -0.0765 (-2.64%). Crude oil and gasoline prices settled sharply lower on Friday, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is...

Barchart

Crude Oil Prices Sink as Supplies Out of the Persian Gulf Accelerate

August WTI crude oil (CLQ26 ) today is down -3.18 (-4.42%), and August RBOB gasoline (RBQ26 ) is down -0.1009 (-3.48%). Crude oil and gasoline prices are plunging today, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is boosting global oil...

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Barchart

Crude Oil Prices Fall Sharply as Persian Gulf Oil Flows Accelerate

August WTI crude oil (CLQ26 ) on Wednesday closed down -2.87 (-3.92%), and August RBOB gasoline (RBQ26 ) closed down -0.0669 (-2.34%). Crude oil and gasoline prices sold off sharply on Wednesday, with crude oil posting a 3.5-month low. Wednesday’s rally in the dollar index ($DXY ) to a 13-month...

International Business Times UK

Iran Installs Persian Gulf's Biggest Offshore Rig Without Foreign Technology — Under Sanctions and After Being Bombed

Iran has installed its largest offshore drilling platform in the Persian Gulf, overcoming US sanctions and military strikes, showcasing domestic engineering capabilities.

The Economic Times

India-bound oil supertanker booked in Gulf at 897% of benchmark freight rate

A supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmark freight cost. This eye-watering price highlights a severe shortage of available vessels in the region. The high demand, driven by increased exports and the need to…

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…

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.

Kiplinger

Iran War Upends the Global Oil Industry: Kiplinger Special Report

Even after the war ends, oil producers and importers will be racing to lessen their reliance on oil shipments through the Persian Gulf.

The National (Scotland)

I'm in the USA for the first AI World Cup but Americans don't seem to have noticed

Travellers to Qatar in 2022 were left in no doubt that the Persian Gulf outpost was hosting the World Cup finals.

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