Al Jaber calls Iran's Strait of Hormuz blockade "economic terrorism" during U.S. tour

Sultan Al Jaber, director general of ADNOC, delivered some of his sharpest remarks yet against Iran's grip on the Strait of Hormuz during an intensive week of speeches and meetings in the United States, describing the weaponisation of the waterway as economic terrorism against all nations and warning that consumers worldwide are already......

War in Iran disrupts $19 billion used car trade in Asia

US and Israeli military strikes on Iran since February 28 have thrown Asia's $19 billion used car export industry into disarray. Ships avoid the Middle East, stranding cargoes at sea and overwhelming ports from Sri Lanka to China. Dealers feel the impact acutely. Umar Ali Hyder Ali runs Yokohama-based Kobe Motor, which ships about 18,000......

Second zombie tanker crosses Hormuz as deception tactics spread

A vessel broadcasting the identity of a scrapped liquefied natural gas carrier crossed the Strait of Hormuz on March 20, becoming the first known zombie ship to use such a tactic in the contested waterway since the Middle East war began, Bloomberg first reported. Days later, a second zombie tanker followed, underscoring the lengths operators......

Oman foreign minister says Iran not responsible for ongoing war

Oman’s foreign minister Badr al Busaidi has stated that Iran is not responsible for the conflict now entering its fourth week, in a rare public stance that underscores divisions within the Gulf and highlights Muscat’s continued role as a diplomatic intermediary. In a message posted on X, al Busaidi said the war was not initiated......

Lufthansa extends Middle East flight suspensions amid escalating conflict

Deutsche Lufthansa has extended the suspension of several routes to the Middle East as the conflict involving Iran enters its fourth week with no clear signs of de escalation. The airline said flights to Dubai and Tel Aviv will remain suspended until May 31, while services to Abu Dhabi, Beirut, and Tehran are halted until October 24. The......

AWS Bahrain cloud region disrupted again by drone activity

Amazon said Monday that its Amazon Web Services cloud region in Bahrain was disrupted by drone activity, marking the second incident affecting the facility since the start of the US-led conflict with Iran earlier this month. The disruption underscores rising risks to digital infrastructure in a region increasingly exposed to military escalation. The......

Saudi Arabia and the UAE open trade corridor bypassing Hormuz

Saudi Arabia and the United Arab Emirates have launched a new trade route linking Sharjah to Dammam, opening a multimodal corridor designed to keep goods moving as shipping risks rise across the Gulf. The project was announced on March 23 by Saudi Ports Authority, known as Mawani, and comes as commercial navigation through the Strait of Hormuz......

Air France extends flight suspensions to Dubai, Riyadh, Tel Aviv, and Beirut

Air France has announced an extension of the suspension of its flights to and from Dubai and Riyadh until March 31, and to and from Tel Aviv and Beirut until April 4. The airline cited security concerns at these destinations and the closure of certain airspaces as the main reasons for the continued suspension. Passengers affected by the......

Saudi Arabia intercepts 92 drones as Iran escalates Gulf attacks

Saudi Arabia’s armed forces intercepted 92 drones within 24 hours as Iran intensified its aerial campaign against energy infrastructure across the Gulf, highlighting the scale and persistence of the conflict. According to official statements cited by Arab News, Saudi defenses shot down 51 drones early Saturday in the kingdom’s......

Dubai property market shows early signs of weakness amid regional tensions

Dubai’s once-resilient property market is beginning to show early signs of strain as geopolitical tensions in the Middle East weigh on investor confidence and transaction activity. Recent data from market analysts indicate a noticeable slowdown in real estate transactions across the United Arab Emirates. Volumes have declined significantly......

Dollar index rises above 100 as Iran conflict fuels safe haven demand

The US dollar index climbed above the 100 mark on Wednesday, gaining about 5 percent from its late January low, as escalating tensions in the Middle East and a more restrictive Federal Reserve stance drove investors toward the dollar as a safe haven. The move marks a sharp reversal for a currency that had fallen roughly 9 percent earlier......

Hormuz traffic partially resumes as oil prices surge on Gulf attacks

Global oil prices climbed sharply on Tuesday as renewed Iranian attacks on energy infrastructure in the Gulf reversed a brief decline, with Brent closing above 100 dollars per barrel and US crude gaining nearly 3 percent on the day. The rally comes as the conflict involving the United States and Israel against Iran enters its third week,......

Euro falls below 1.1500 as traders await Fed and ECB decisions

The euro weakened against the US dollar, slipping below the 1.1500 level on Tuesday as markets positioned ahead of key policy decisions from the Federal Reserve and the European Central Bank. The EUR/USD pair closed near 1.1491 after opening at 1.1505, marking its lowest level in seven months. The Federal Reserve began its two day policy......

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