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Ukrainian President Volodymyr Zelensky confirmed that Ukrainian forces have actively intercepted Iranian-designed Shahed drones in several Middle Eastern countries, marking a significant expansion of Kyiv’s operational role beyond its own territory. Speaking to journalists during a briefing reported by Associated Press and Euronews,......
Five weeks into Iran's sustained drone and missile campaign against Gulf states, the arithmetic of air defense is turning against the defenders. Gulf countries have exhausted the vast majority of their pre-war interceptor stocks repelling thousands of incoming projectiles, and resupply is falling well short of the pace required, according......
Paramount Skydance is close to securing $24 billion in equity commitments from three Gulf sovereign wealth funds to help finance its $81 billion acquisition of Warner Bros. Discovery, the Wall Street Journal reported Sunday, in a deal that would end weeks of uncertainty over whether Middle Eastern capital would remain part of the transaction. Saudi......
Taiwan has received supply guarantees from an unidentified major energy-producing country and secured alternative liquefied natural gas deliveries, while the United Arab Emirates has moved to reassure its population on food and commodity stability, as the Strait of Hormuz blockade enters its second month with no resolution in sight. Taiwan's......
Escalating conflict in the Middle East erased approximately $62 billion from the combined wealth of Southeast Asian billionaires in March, reshuffling the region's richest rankings as Asia-Pacific stock markets buckled under surging energy prices and a collapse in investor confidence. The 150 ASEAN billionaires tracked by Forbes's......
Debris from an intercepted Iranian drone struck the facade of Oracle's building at Dubai Internet City early Saturday morning as the Gulf conflict entered its fifth week with no sign of abatement. Dubai's Media Office confirmed the incident in a post on X, describing it as a "minor incident" and stating that no injuries had......
Iranian drones struck the Mina al-Ahmadi oil refinery in Kuwait on Friday morning, igniting fires across multiple operational units in the latest attack on Gulf energy infrastructure since the U.S.-Israeli air campaign against Iran began in late February. Kuwait Petroleum Corporation told the official KUNA news agency that the 346,000-barrel-per-day......
The Maltese-flagged container ship Safeen Prestige has sunk in the Strait of Hormuz, nearly a month after being struck by a projectile and abandoned by its crew, according to a maritime traffic advisory issued by regional operators on April 1. The vessel went down approximately 6.5 nautical miles northeast of Ras Mahrouk, with an oil slick......
A billionaire aviation executive based in Dubai has warned that airlines around the world could begin filing for bankruptcy within weeks if the war in Iran continues to drive jet fuel prices higher, even as the shipping industry posts record profits fueled by the same geopolitical upheaval. Gediminas Ziemelis, chairman of Avia Solutions Group,......
Bernard Arnault, chairman of LVMH, shed roughly $55.9 billion from his net worth during the first three months of 2026, according to the Bloomberg Billionaires Index, as the world's largest luxury conglomerate recorded its steepest quarterly stock decline on record. The losses reduced his fortune to approximately $152 billion and pushed......
Several Gulf states have privately conveyed serious concerns to the Trump administration over the president's threats to target Iranian desalination plants, warning that such strikes could trigger catastrophic retaliation against their own water infrastructure. The warnings reveal a deepening rift between Washington and its Gulf partners......
Traders placed a record $977 million against crude oil in March, pouring capital into the ProShares UltraShort Bloomberg Crude Oil ETF in the largest monthly inflow the fund has recorded since its launch in November 2008. The bet has so far gone badly wrong. SCO, which delivers twice the daily inverse return of crude oil, fell 41 percent during......
The war between the United States, Israel, and Iran has evolved into a full-blown aviation crisis, with jet fuel prices more than doubling in a matter of weeks, airlines slashing capacity, and millions of passengers left in uncertainty as vast portions of Middle Eastern airspace remain closed or restricted. Jet fuel prices surged from around......
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