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INSANE: 2 | Rare Historical Photos

US seized $1 billion in Iranian crypto, Scott Bessent says; claims Tehran facing financial crisis

US Treasury Secretary Scott Bessent announced the seizure of approximately $1 billion in Iranian cryptocurrency assets as part of "Operation Economic Fury." This economic pressure campaign, combined with military actions, has severely weakened Iran's financial standing, leading to salary shortages and surging inflation. Bessent highlighted efforts to disrupt Iran's financial…

The Economic Times

Gulf's other war: Inside UAE's hidden role behind strikes on Iran despite ceasefire — Report

The UAE's involvement in the Middle East conflict was deeper than previously known, with coordinated strikes on Iran, including energy facilities, even after an April ceasefire. These actions exposed divisions within the Gulf, as Saudi Arabia expressed concerns about escalating risks to regional energy supplies and global markets.

The Times of India

Premium for near-term LME aluminium at 19-year high as Iran war tightens supply

The war has curtailed most shipping through the Strait of Hormuz, a key route for Gulf producers to export aluminium and import raw materials. Two regional smelters were hit by Iranian strikes in late March.

The Economic Times

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India-Oman CEPA to strengthen energy security, trade resilience and export growth: Report

India and Oman's Comprehensive Economic Partnership Agreement begins June 1, 2026. This pact will significantly boost trade and energy security. Indian exporters will find new opportunities across various sectors. The agreement also supports India's energy diversification plans. Oman is becoming a key gateway for India's future energy and supply chains…

The Economic Times

Bandar Abbas under attack again? Why the world fears every strike near Bandar Abbas as the renewed Strait of Hormuz crisis deepens the global oil shock

The US has struck Bandar Abbas again. For the second time in less than a week, American forces targeted Iran's most critical southern port city. Bandar Abbas sits on Iran's southern coast, positioned at the northern entrance of the Strait of Hormuz. The strait's narrowest point lies roughly 60 to…

The Economic Times

Gulf of suspicion: US and Iran said to be nearing deal even as missiles fly

Amidst escalating tensions and attacks in the Strait of Hormuz, the US and Iran are reportedly nearing a diplomatic breakthrough. A draft Memorandum of Understanding could extend a fragile ceasefire, opening a 60-day window for talks on Iran's nuclear program in exchange for economic relief.

The Times of India

How and where the world’s 2 billion barrels of strategic oil reserves are stockpiled

Drive on Interstate 10 along the Gulf Coast of the United States, through Louisiana and into Texas, and you’ll see signs of the oil industry everywhere. There are offshore rigs out in the water and refineries lining the shoreline, where tankers deposit crude oil extracted from the Gulf floor.

The Conversation

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Khamenei sidelined? Iran's Supreme leader not involved in US peace talks: Report

Questions are mounting over Supreme Leader Khamenei's direct involvement in Iran's ongoing US negotiations, with reports citing "serious ambiguities" about coordination. This uncertainty follows trips by Iranian officials and a reluctance to hold talks in Tehran or Pakistan, fueling speculation about who is directing the diplomatic process amid heightened Gulf…

The Times of India

Trump met with 'laughter and silence' by US allies in Gulf region

PRESS REVIEW – Wednesday, May 27, 2026: First, US President Donald Trump's attempts at finding a deal with Iran are under a lot of scrutiny. Next, the EU is asked to consider the environmental impact of mega data centres, as locals fight back against projects which might harm the environment.…

France 24

Is Trump Starting Another War? POTUS Warns Oman to 'Behave' Or 'We'll Have to Blow Them Up'

Donald Trump sparked backlash after warning Oman to 'behave' amid Iran Strait of Hormuz talks, prompting critics to question whether he is escalating toward conflict.

International Business Times UK

Mediation, debt and disorder: Can Pakistan keep balancing China, America and its own crises?

Pakistan has always believed that geography can compensate for weakness. It sits at the intersection of South Asia, Central Asia and the Middle East, possesses nuclear weapons, maintains relationships with superpowers who have shared cold ties, and has spent decades convincing bigger powers that it is too strategically important to…

The Times of India

Zelenskyy sent letter asking Trump for Patriot air defence munitions, adviser confirms

The Iran war, which saw US allies expend huge quantities of air defence ammunition protecting sites in the Gulf, has exacerbated a shortage Ukraine has faced since the start of the war.

Euronews

Hajj pilgrims ‘stone the devil’ amid intense heat

MINA, Saudi Arabia - Muslim faithful ritually stoned the devil on Wednesday in the climactic ceremony of a hajj pilgrimage held in intense heat and against the backdrop of a war that has plunged the wealthy Gulf into crisis.

Bangkok Post

India rice exports decline as Iran war curbs basmati shipments to Gulf

India's rice exports saw a slight dip in the first four months of 2026. Shipments of premium basmati rice to Gulf markets faced disruptions. This decline impacts Indian prices, which have already fallen. Non-basmati rice exports showed a small increase. Delays in transit due to the ongoing conflict are affecting…

The Economic Times

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The Guardian - AU

‘Makes no sense’: experts doubt pause in US arms sale to Taiwan is due to Iran war

While approval is due soon for $14bn deal, actual deliveries to Taiwan are years away – making ‘Operation Epic Fury’ in the Gulf an unlikely cause

International Business Times UK

Is Donald Trump Easy to Manipulate? John Bolton Warns POTUS Is Too 'Palpably Desperate' Over Iran Deal

John Bolton has accused Donald Trump of being 'palpably desperate' for an Iran deal, warning Tehran is exploiting his fixation on claiming a victory and cheaper petrol.

The Independent UK

The 75-year-old military deadlock which Trump must learn from in his war with Iran

IN DEPTH: As the latest US strikes claim to target Iranian boats laying mines in the Strait of Hormuz, John W S Clark asks why no one is heeding the lessons of the past: that mine warfare will bring any ill-conceived conflict to a shuddering standstill

The Economic Times

Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities

Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The government aims to build strategic reserves, funded by a levy on fuel, and increase local supply capacity. This initiative comes as Pakistan lacks strategic petroleum reserves despite heavy reliance…

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The Times of India

'Clock can’t be turned back': Iran’s 'friendship' call to Islamic nations, 'no safe haven' warning to US

Iran's Supreme Leader Ayatollah Mojtaba Khamenei has made a statement stating that the Gulf powers will no longer "be a shield" for American military bases and the US will no longer have "a safe haven" in the region.

International Business Times

Oil, LNG Tankers Exit Strait of Hormuz As Shipping Shows Signs Of Recovery

Fresh tanker movements through the Strait of Hormuz offered a rare sign of activity in a shipping corridor that normally handles about a fifth of the world's oil trade.

The Economic Times

Trump’s Abraham Accords push puts Pakistan in a geopolitical dilemma

US President Donald Trump is pushing for more nations to join the Abraham Accords. This initiative aims to normalize relations between Israel and Arab countries. Pakistan faces a dilemma, balancing its ties with Gulf nations and its long-standing stance on the Palestinian issue. The accords offer economic and social benefits,…

The Times of India

Saudi Arabia emerges as Gulf's key trade route as Iran war blocks Hormuz strait

Saudi Arabia is capitalizing on the Iran war's disruption of the Strait of Hormuz to advance its goals as a regional energy and logistics hub. The kingdom's existing infrastructure and strategic Red Sea ports are facilitating continued oil exports and absorbing increased trade, boosting its revenue and accelerating development plans…

The Guardian - UK

Shock of Iran war unites Middle East rivals in pushing Trump towards peace

Region is adapting to diminished US power after Washington fails to land knockout blow on Tehran

Euronews

Strait of Hormuz turmoil 'serious' risk for Europe, top UAE adviser warns

UAE presidential adviser Dr Anwar Gargash said at a conference in Prague that the Strait of Hormuz is a European energy problem, not a distant regional one, as the region continues to face the worst instability in decades.

Bangkok Post

Vessels carrying Mideast oil, LNG exit Hormuz for Pakistan, China

SINGAPORE - Two ‌liquefied natural gas tankers were exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.

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