Oil falls 9.5% in steepest drop in months as Iran, US pause attacks Iran says it is still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States after President Donald Trump halted a two-week bombing campaign. Iran
Analysis How Gulf banks are absorbing Iran war shocks GCC lenders had a strong hand when the Iran war erupted, affording them resilience to shocks, but risks remain. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Oil tops $100 for first time since May after Houthi tanker strikes, Trump threats The Iran-backed rebels said they had targeted two Saudi tankers, the Encelia and the Layla. Yemen
Houthis warn shipping firms to avoid Saudi ports or face attack: What to know The Houthi militia reportedly emailed multiple shipping companies on Tuesday, warning them of the consequences of visiting Saudi ports. Yemen
Uptick in Chinese tankers transiting Hormuz amid Trump-Xi summit President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday, a meeting closely watched in Iran. United Arab Emirates
In first, Lebanon files formal UN complaint against Iran: What to know The move comes as relations between Iran and Lebanon continue to deteriorate in light of what is perceived as ongoing Iranian interference in Lebanese affairs via its proxy group, Hezbollah. Lebanon
Aramco profits jump 26% as Hormuz disruption chokes supply Aramco CEO Amin Nasser said the market has already lost around 1 billion barrels of oil supply since the US-Israel-Iran war erupted on Feb. 28. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Netanyahu fears being left out as Trump pursues Iran diplomacy Prime Minister Benjamin Netanyahu said he was not surprised by President Donald Trump’s suspension of Project Freedom and move toward talks with Iran, but analysts say Washington may not be fully weighing Israel's concerns in negotiations with Tehran. Israel
Egypt ramps up energy investments amid war-driven price pressures Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years. Egypt
Iran president says he held official meeting with Mojtaba Khamenei: What to know The president’s announcement marks the first public confirmation of a meeting between a senior official and Supreme Leader Mojtaba Khamenei, who has not been seen publicly since the start of the war. Iran
US, Iran move toward deal framework after Trump halts Hormuz operation Iran said it is reviewing the US proposal and will relay its response through mediator Pakistan. By Elizabeth Hagedorn In Washington, DC, reporting on diplomacy, regional politics, human rights
Few ships pass Hormuz despite US efforts to break Iran's hold Only four commercial vessels had transited the strait in the 24 hours before Tuesday morning, according to ship-tracking data. Iran
Iran-linked group claims stabbing in Jewish area in London: What to know Harakat Ashab al-Yamin al-Islamiya has been linked to a number of attacks on Jewish targets in Europe, as well as an anti-regime Iranian news outlet. Iran
Why UAE's decision to leave OPEC is major shift for cartel The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil. United Arab Emirates
Turkey’s military spending jumps to $30B, leads Mideast growth in 2025 Newly released data shows Ankara’s military spending hit $30 billion, while Saudi Arabia remained the region’s top spender and Israel’s outlays declined in 2025. Turkey
