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US shifts Iran pressure from battlefield to financial system
The UAE also severed trade and financial ties with Iran
Hormuz traffic slows to near zero as a make-or-break deadline falls today
Just five commodity vessels made the crossing on Saturday and none on Sunday ahead of a ceasefire memorandum deadline today
Regional war escalates on multiple fronts as fallout reaches Egypt and Gaza disarmament deal takes shape
Hamas is reportedly agreeing to a disarmament plan that will see Israel withdraw from Gaza, while Iran and the US…
Iran launches “surprise attack” on US bases, rejects Oman proposal for joint Hormuz management
Oman had proposed creating a voluntary fund paid into by users passing through the Strait
Kuwait’s deficit hits post-covid high as oil revenues collapse
The blowout is mostly a one-off oil hit — diversification reform is showing progress with non-oil revenues up 6%
US, Iran hold off on strikes for second consecutive day
Iran says it has sold some USD 18 bn worth of oil since the war broke out at the end…
Oil crosses USD 100 for the first time in two months as Houthis widen their Saudi blockade
The Houthi’s blockade on Saudi Arabia has sent oil prices and surcharges soaring
Iran retaliates across Gulf as Houthi blockade strips away Saudi Arabia's oil rerouting option
The war has racked up a USD 37.5 bn bill for the US, Hegseth says
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