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FORGOTTEN HISTORY: Gulf - Caught on Camera

Xi Jinping urges BRICS to stand on ‘right side of history’, calls for peace in Middle East

Chinese President Xi Jinping urged BRICS nations to champion peace and stability globally. He specifically highlighted the ongoing Middle East war and its severe regional losses. Xi called for BRICS members to play a pioneering role in achieving peace. China will collaborate with other BRICS members on this critical initiative.…

The Economic Times

Gulf oil threatened anew as Houthis reach key island and pipeline is shut down

The Houthis have seized control of Perim island, significantly affecting a crucial shipping corridor. Additionally, a drone strike originating from Iraq temporarily disrupted Saudi Arabia's oil pipeline, intensifying the strain on Gulf oil exports during a period of stalled diplomatic negotiations. In response to this rising threat, Saudi Arabia has…

The Economic Times

Gulf states weigh rare meeting with Iran next week on Hormuz

Gulf states are considering a meeting with Iranian officials next week. Oman aims to convene foreign ministers to discuss the Strait of Hormuz. Escalating hostilities in Yemen may complicate these sensitive diplomatic plans. Iran stated plans are underway for discussions with Gulf neighbors. The Bab el-Mandeb chokepoint has become particularly…

The Economic Times

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Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint

Foreign ministers from the Gulf Cooperation Council—which is comprised of Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman—will meet their Iranian counterpart on Monday.

Fortune

Oil tanker rates hit record highs following Iran, US shipping attacks

Oil shipping rates from the Gulf of Oman to China have reached record highs this week. This surge follows recent attacks on shipping and military escalations in the region. The increased risk in the Middle East Gulf is pushing freight rates to new levels. Higher shipping costs could contribute to…

The Economic Times

New problem shaping up for the oil market as Hormuz remains shut

Houthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of Hormuz faces severe disruptions, impacting global oil flows. Saudi Arabia increasingly relies on the Red Sea route, which is now at risk from these advances. Higher oil and diesel…

The Economic Times

Explained: Why did market bounce back? Sensex recovers 620 points from day’s low, Nifty closes near 23,400

On Friday, Indian stock indices bounced back notably after a sluggish start, largely due to declining oil prices and bond yields. The shift in market sentiment was fueled by news of an upcoming summit between Gulf nations and Iran aimed at regulating shipping through the crucial Strait of Hormuz. This…

The Economic Times

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As Saudi tensions with Iran-backed Houthis escalate, mediator Pakistan faces pressure to choose a side

Pakistan faces a difficult balancing act between Saudi Arabia and Iran. Recent fighting in Yemen is testing its dual role as defense partner and mediator. Islamabad seeks to avoid alienating Tehran while deepening Gulf ties. Pakistani officials are concerned about potential involvement in the conflict. The nation is advocating for…

The Economic Times

Saudi Arabia Bypassed Hormuz With a Red Sea Oil Route, Now Houthis Threaten It Too

Saudi Arabia is relying on its East-West Pipeline to bypass disrupted Strait of Hormuz shipping, but Houthi advances near Bab el-Mandeb are increasing risks for Red Sea oil exports.

International Business Times UK

Oil prices set to end week over $100 for first time in nearly 4 months

Oil prices are inching closer to the $100 mark as shipping routes come under rising attack. The Houthi grip on Yemen's Mocha port poses risks to Red Sea transport, while tankers in the Strait of Hormuz face threats that limit vessels in the Gulf. Diesel prices in the U.S. have…

The Economic Times

Algeria cuts diplomatic ties with United Arab Emirates over 'provocative and hostile actions'

Algeria is severing diplomatic ties with the United Arab Emirates, state media reported Thursday. Algerian President ‌Abdelmadjid Tebboune has in the past accused the Gulf state of trying to meddle in Algeria's internal affairs.

France 24

BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided bloc

India hosts the BRICS summit, aiming to unify the expanded group. The enlarged bloc now includes major energy producers and consumers, fostering economic cooperation. New Delhi seeks to increase intra-BRICS trade and reduce dollar dependence through local currencies. Energy security presents a clear common interest for the diverse member nations.…

The Economic Times

Trump claims Iran war will end 'immediately' after US midterm elections

President Trump stated the Iran war will end immediately after the upcoming US midterm elections. He accused Tehran of seeking nuclear weapons and influencing American voters for leniency. Recent US strikes targeted nine Iranian ships and tankers in the Gulf of Oman. Iran launched retaliatory missile strikes targeting Jordan's Muwaffaq…

The Economic Times

Oil prices rise above $100 a barrel for first time since July as Iran war escalates

Brent crude up by more than 3% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi cities

The Guardian - UK

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The Economic Times

Iran-backed fighters in Yemen and Iraq are joining forces to threaten Gulf, officials say

Iran-backed groups in Iraq and Yemen are coordinating attacks on Saudi Arabia, with an aim to increase the costs of the ongoing war in Gaza. The Houthis have also declared a blockade against Saudi shipping in the Red Sea. This escalation threatens to reignite full-scale war with the kingdom. Saudi…

The Independent UK

Iran-backed fighters in Yemen and Iraq are joining forces to threaten the Gulf, officials say

Regional officials tell The Associated Press that Yemen's Houthi rebels helped Iraqi militias launch drone attacks on Saudi oil facilities in July

Euronews

Qatar and UAE say Gulf cannot rely on US alone for region's security

Qatar and the UAE have called for stronger Gulf defences as US security protection is no longer enough, with officials stating that trust with Iran "is a mountain to climb" and that their economies "cannot be held hostage" by Tehran.

Euronews

Six months into Hormuz blockade, Qatar and UAE test ways to keep LNG moving

LNG exporters are looking for ways around the disruption in Hormuz, with three Gulf cargoes recently moved using ship-to-ship transfers (STS) as Qatar and UAE exports remain far below pre-war levels.

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The Economic Times

Global Market: European shares slip as oil surge fuels inflation fears; Novartis plunges

European shares slipped as surging oil prices raised inflation concerns amid escalating Middle East tensions and threats to Gulf energy infrastructure. The STOXX 600 fell 0.2%, while Germany and France declined. Novartis plunged after a second drug trial setback, whereas Sandoz gained on ambitious long-term growth targets. Investors monitored energy…

The Economic Times

At Iowa's Neal Smith Refuge, turning just 10% of cropland into prairie strips cut sediment loss by 95%, phosphorus runoff by 90%, and total nitrogen loss by about 85%

Native prairie strips can play a crucial role in reducing agricultural runoff, which has significant environmental implications. By preventing sediment and nutrient loss from farmland, these strips contribute positively to addressing the dead zone issue in the Gulf of Mexico. Moreover, farmers can adopt this practice with limited land alteration…

The Economic Times

Houthis attack Saudi energy sites, cities, wound 73 as Iran war risks wider escalation

Yemen's Houthis attacked Saudi energy facilities and cities, wounding over seventy people. This escalation highlights the risk of the Iran conflict spreading regionally. Iran warned Gulf energy infrastructure was vulnerable after recent ship attacks. Oil prices climbed to six-week highs as fires erupted at facilities. The coalition vowed to deter…

The Economic Times

Global Market: Goldman lifts brent, WTI forecasts as Hormuz shipping risks mount

Goldman Sachs has raised its Brent and WTI crude price forecasts by $5 a barrel for December 2026 and 2027, citing prolonged Middle East shipping disruptions. It warned Brent could top $120 a barrel in 2027 if Gulf oil output stays 4 million barrels per day below pre-war levels.

The Times of India

'Strike our assets & you get struck': Iran threatens US energy assets in Gulf after latest clashes

Iran has threatened to retaliate against any new US attacks on its assets, warning that American oil and gas interests and energy infrastructure across the Gulf could be targeted as tensions escalate over the Strait of Hormuz.

The Economic Times

Why isn't oil above $100 despite supply disruptions?

Global oil prices remain below one hundred dollars per barrel. Significant volumes continue to flow through the Strait of Hormuz. Gulf exporters utilize alternative routes and means to mitigate shortfalls. Other producers are stepping up output to fill supply gaps. Demand destruction in petrochemicals and fuels remains substantial.

The Economic Times

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…

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