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
Pistachios reach highest prices in eight years amid Iran war Pistachio prices rose to around $4.57 a pound in March, their highest since 2018, according to data company Expana. Iran
Iran FM meets Putin, Russia’s military intel chief as talks stall: What to know Iranian Foreign Minister Abbas Araghchi headed to Russia following visits to Pakistan and Oman over the weekend as talks with Washington are at a standstill. Iran
Why did the Met Opera lose its Saudi funding deal? The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years. Saudi Arabia
Which airlines are cutting flights amid Hormuz fuel disruption? European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies. Iran
How are Iran-linked tankers still moving through Hormuz blockade? At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa. Iran
Iran executes 14th person since war over alleged Mossad ties: What to know Iran has carried out multiple executions since the outbreak of the war with the United States and Israel, as it intensifies a crackdown on individuals accused of spying for Israel. Iran
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Could UAE tap US currency swap line as Iran war strains Gulf economies? The Gulf country apparently wanted reassurances from Washington in case its economy is severely damaged by the Iran war. United Arab Emirates
Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt In a post on Truth Social on Sunday, US President Donald Trump said the US Navy fired at and seized an Iranian-flagged cargo ship in the Gulf of Oman. Iran
Lebanon-Israel negotiations to continue even as Iran talks stall Lebanese President Joseph Aoun also said that Lebanon will lead the negotiations and that no other party will take part, emphasizing that this track is separate from any other talks. Lebanon
Analysis How long can Iran's economy weather US naval blockade? Analysts believe the blockade will choke exports for essential items coming into Iran, like food and medicines. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Iran says Strait of Hormuz 'completely open' to ships Iran’s foreign minister said on Friday that commercial shipping through the Strait of Hormuz will remain secure for the duration of the Israel-Lebanon truce. Iran
