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INSANE: 2 | Rare Historical Photos

Houthis' Yemen advance leaves Gulf states with uncomfortable choice

The Houthi capture of Yemen's Red Sea coastline is strengthening Iran's leverage over Gulf energy routes, forcing Saudi Arabia and its neighbours to weigh economic costs against engagement with Tehran. The development follows attacks on Saudi oil infrastructure and comes as Gulf states explore a temporary arrangement on Strait of…

The Economic Times

‘Some regional countries requested’: Iran after meeting with Gulf states in Oman postponed

After a meeting between Iran and Gulf states scheduled for Monday in Oman was postponed, Iranian state media reported that this was done at the request of some regional countries.

The Times of India

'I don't care': Trump on Gulf-Iran talks at Brics Summit

US president Donald Trump on Sunday said he had no objection to Gulf countries holding talks with Iran, saying such meetings were “up to them” and “fine”. His comments came as UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan met Iranian President Masoud Pezeshkian on the sidelines…

The Times of India

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Brics diplomacy: Iran president says Tehran, UAE want to 'turn the page' on war

NEW DELHI: A day after Iranian President Masoud Pezeshkian met UAE Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on the sidelines of the Brics Summit in New Delhi, Tehran signalled a push to move past the conflict and strengthen ties with its Gulf neighbour.

The Times of India

India has done a great job in hosting BRICS summit, says UAE

The UAE's BRICS Sherpa praised India's successful chairship of the 18th Summit. Leaders unanimously adopted the New Delhi Declaration, addressing West Asia tensions. The declaration emphasized dialogue and diplomacy for lasting regional peace and stability. Gulf tensions' impact on energy supplies was discussed, stressing de-escalation efforts. BRICS also called for…

The Economic Times

UAE and Iran leaders meet at the BRICS summit for the first time since the war

The talks follow the UAE’s suspension of trade and financial dealings with Iran in August and follow UAE's firm position that trust with Iran "is a mountain to climb" after Iran's attacks on the Gulf countries.

Euronews

Iran, Oman agree on details of Hormuz Strait's new entry, exit routes: Report

Iran and Oman have agreed on details of new entry and exit routes for the Strait of Hormuz and will brief Gulf countries on the outcome of their consultations at a regional meeting in Muscat on Monday, Iranian officials said on Saturday.

The Times of India

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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

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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The Economic Times

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…

International Business Times UK

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.

The Economic Times

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…

France 24

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.

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The Economic Times

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 Guardian - UK

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 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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