Kuwait

US says it has diverted 70 ships enforcing Iran blockade

bnm Gulf bureau August 24, 2026

US Central Command says it has diverted 70 commercial vessels and disabled three since resuming its naval blockade of Iran, which Tehran says has halted its oil exports.

Iranian mobile roaming cut in UAE, disrupting banking access for expatriates

bnm Tehran bureau August 18, 2026

Iranian mobile operators' roaming has reportedly been cut in the UAE, leaving Iranian residents and travellers unable to receive calls.

Iran says Hormuz will stay shut until US lifts oil sanctions

bnm Gulf bureau August 18, 2026

Iran's parliament speaker Mohammad Baqer Qalibaf says the Strait of Hormuz will not reopen until the US lifts oil sanctions, frees blocked assets and ends its blockade, tying the vital shipping route to a disputed accord he says Washington has failed

Iran says no 60-day deadline in Islamabad understanding with US

bnm Gulf bureau August 17, 2026

Iran's foreign ministry says there is no 60-day deadline in its Islamabad understanding with the US and that it will not set policy under time pressure, distancing Tehran from the Western reading of a mid-June memorandum due to lapse on August 17.

RAGOZIN: Ukraine’s “tide is turning” PR push has backfired

Leonid Ragozin in Latvia August 14, 2026

The PR surge which heralded that the “tide is turning” in the Ukrainian conflict is ending up in a debacle. Ukraine can inflict tangible damage on the Russian economy but Russia can take it and give it back in spades.

Russian view, Tehran's Hormuz trap

bnm Gulf bureau August 14, 2026

The US military strategy has run into a dead end. Alternating strikes and ceasefires have done nothing to shift Iran's stated resolve, and the closure of the Strait of Hormuz has given Tehran the leverage to press its terms.

US munitions stockpiles run low as Iran war outpaces Ukraine as main drain

Ben Aris in Berlin August 11, 2026

US military munitions stockpiles have shrunk sharply since the war with Iran began, with the five-month-old conflict now the main driver of depletion even for weapon systems the US had previously donated heavily to Ukraine.

Iran's Pezeshkian says Tehran does not seek to widen regional tension

bnm Gulf bureau August 3, 2026

Iran does not want tension and insecurity to spread across the region but will act with full force to defend its security and territorial integrity, President Masoud Pezeshkian said at the launch of a national family-medicine programme.

Iran ties Hormuz reopening to end of US strikes and naval blockade

bnm Gulf bureau August 3, 2026

Iran will not reopen the Strait of Hormuz while US military action and its naval blockade continue, foreign ministry spokesman Esmaeil Baghaei said, calling a safe-passage deal with Oman necessary but not sufficient.

Iran says talks with Oman on new Strait of Hormuz shipping route nearing conclusion

bnm Tehran bureau August 2, 2026

Iran says talks with Oman on a new Strait of Hormuz shipping route are nearing conclusion, but stresses any deal would not by itself reopen the waterway.

Iran issues Gulf-wide energy hit list if Trump carries through on threats to destroy Iran’s energy sector

Ben Aris in Berlin Ben Aris in Berlin August 2, 2026

US President Donald Trump threatened to destroy Iran’s energy sector in a joint operation with Israel, prompting Tehran to issue a hit list of some of the most valuable assets in the Gulf if he carried through with the threat.

Iran's foreign ministry defends Hormuz blockade, tanker strikes as lawful self-defence

bnm Tehran bureau August 1, 2026

Iran's foreign ministry has defended its blockade of the Strait of Hormuz and strikes on tankers as lawful self-defence against US aggression, citing the UN definition of aggression. The US military rejects Iran's claim to control the strait.

Emerging-market ratings have absorbed the Iran war so far, but the buffers are thinning - Fitch

Ben Aris in Berlin August 1, 2026

Emerging-market sovereign ratings have proved largely resilient to the US-Iran war in the first half of 2026, Fitch Ratings finds in its Global Emerging Markets Credit Brief for 3Q26 even though the outlook for a third is deteriorating.

UPDATE: Iran's IRGC says it struck two tankers attempting to cross Strait of Hormuz

Newsbase July 31, 2026

Iran's IRGC says it struck and stopped two oil tankers attempting to cross the Strait of Hormuz under US air escort, with four others turning back. The claim could not be independently verified, and the US military has given a competing account.

One war, three continents and total slippage

bnm Tehran bureau July 30, 2026

A drone hit on a US gas carrier at Damietta puts the Iran war on the Mediterranean shore. From the Caspian to the Gulf of Aden, one conflict now spans three continents. It is wide but not yet deep, and widening is its own escalation.

Hormuz squeeze on ammonia draws foreign bidders to Odesa Port Plant

Ben Aris in Berlin July 29, 2026

Hormuz squeeze on ammonia draws foreign bidders to Odesa Port Plant Four companies from the US, Asia and the Middle East are studying data on Ukraine's war-damaged fertiliser plant as the Strait of Hormuz blockade tightens global ammonia supply.

Ukraine's scam call centres earn $1bn a month, study finds

Ben Aris in Berlin July 28, 2026

Ukraine's scam call-centre industry generates as much as $1bn a month, according to a new report by the Geneva-based Global Initiative Against Transnational Organized Crime (GI-TOC), which estimates that around 60,000 Ukrainians work in the trade.

Ukraine's Caspian Sea strikes merge the Iran and Ukraine wars

Ben Aris in Berlin July 27, 2026

“Zelensky bombed the Iranian vessel on the Caspian for the same reason his people paid Loomer to come to Kyiv and interview him: a PR campaign to try to win over Trump.”

Kuwait signs $16bn pipeline deal with Blackstone, Brookfield and KKR despite Iran attacks

Ben Aris in Berlin July 27, 2026

Kuwait Petroleum Corporation (KPC) said on July 25 that its subsidiary Kuwait Oil Company (KOC) has signed a $16bn lease-and-leaseback agreement covering its entire crude oil pipeline network with a consortium of Blackstone, Brookfield and KKR, in wh

Brent tops $100/bbl as Middle East tensions build, ING says gold struggles for safe-haven bid

Ben Aris in Berlin July 27, 2026

Oil prices surged this week, with ICE Brent breaking above $100/bbl for the first time since May, as escalation in the Persian Gulf and fears of a widening conflict put a significant amount of supply at risk, ING said

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