Keywords: Gulf


Algeria cuts diplomatic ties with the United Arab Emirates

Algeria announced on Thursday that it had decided to sever diplomatic relations with the United Arab Emirates, citing what its government described as a prolonged series of provocative and hostile actions by Abu Dhabi. The decision was announced through Algeria’s official news agency and state......

Oil prices climb for fourth straight session as Gulf tensions escalate

Oil prices extended their gains for a fourth consecutive session on Wednesday as escalating geopolitical tensions in the Gulf raised concerns about further disruptions to regional energy supplies. At around 09:42 Moscow time, October futures for US West Texas Intermediate crude were up 1.37% at $94.30......

Iran’s Revolutionary Guards claim attacks on 20 vessels in the Strait of Hormuz

Iran’s Islamic Revolutionary Guard Corps (IRGC) said its naval forces had targeted 20 vessels in and around the Strait of Hormuz, including two US ships, eight oil tankers and 10 other vessels accused of attempting to enter what Tehran described as a restricted and unsafe zone. In a statement,......

Finnish prosecutors seek prison term for Russian captain in Baltic cable damage case

Finnish prosecutors are seeking a prison sentence of at least two and a half years for the captain of the Russian-linked cargo vessel Fitburg, accusing him of damaging subsea cables in the Gulf of Finland in December 2025. The case went before the Helsinki District Court on Tuesday, following an investigation......

Gulf unified tourist visa expected to simplify travel across six countries

The six Gulf Cooperation Council (GCC) countries are moving closer to launching a unified tourist visa designed to make regional travel easier for international visitors and strengthen the Gulf’s position as a connected tourism destination. GCC Secretary-General Jassem Albudaiwi recently said......

Goldman Sachs raises oil price forecasts as Middle East shipping risks persist

Goldman Sachs has raised its oil price forecasts for 2026 and 2027, citing the possibility that disruptions to shipping and energy supplies in the Middle East could continue into next year. The investment bank now expects Brent crude to reach $85 a barrel in December 2026, while US West Texas Intermediate......

Shipping traffic through Strait of Hormuz falls to seven vessels amid rising tensions

Shipping activity through the Strait of Hormuz has fallen to one of its lowest levels in recent months as heightened security concerns continue to weigh on maritime traffic in the strategically important waterway. Data from shipping intelligence company Kpler showed that only seven cargo vessels passed......

Shipping through the Strait of Hormuz drops sharply amid rising maritime tensions

Commercial shipping activity through the Strait of Hormuz has fallen sharply in recent days, highlighting growing concerns over maritime security and the potential impact of escalating tensions on one of the world's most important energy corridors. Shipping data showed that an average of only 10......

Global fuel oil supplies face growing shortage risk as refiners prioritize other fuels

Global fuel oil markets are facing the prospect of a significant supply shortage in the third quarter as disruptions linked to the war in the Middle East encourage refineries to prioritize higher-demand products such as diesel, gasoline and jet fuel. Energy consultancy Energy Aspects estimates that......