Saudi Arabia and Canada have agreed to open negotiations on an investment protection treaty during Mark Carney's Jeddah visit, the first by a Canadian leader in 26 years, with mining at the centre.
The re-escalation of fighting in the Persian Gulf in the last days has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks, ING said in a note.
A tanker transiting near the Strait of Hormuz has been struck by an unidentified drone, sustaining minor hull damage, with no casualties reported, the UK Maritime Trade Operations agency says.
Oman's spaceport operator Etlaq has signed a letter of intent with France's Latitude for an experimental rocket launch targeted for late 2027. Find out how the deal fits Oman's push to become a regional space hub.
Iran's armed forces will respond swiftly to any US interference in the Strait of Hormuz, the Khatam al-Anbiya headquarters warns. Find out how Tehran is asserting control over navigation through the strategic waterway.
The Islamic Development Bank has signed an MOU to support Kazakhstan's Kyzylorda-Saksaulsk road corridor, opening the way for up to $1.4bn in funding. Find out how the project fits Kazakhstan's push to become a transit and logistics hub.
Global air passenger demand fell 2.2% in May as Middle East carriers posted a 28.4% drop on the impact of regional war. Find out how the decline eased from April and where European and Latin American airlines are posting record growth.
The disruption to global energy markets caused by the conflict in the Middle East has triggered an unexpected resurgence in coal demand, as energy security fears outweigh Climate Crisis commitments.
Iran has condemned a joint US-GCC statement as interventionist, after Gulf ministers and Marco Rubio hardened their position on Iran's missiles, drones and the Strait of Hormuz at a meeting in Manama.
Bahrain has hosted a GCC meeting with US Secretary of State Marco Rubio in Manama, where Washington sought to reassure Gulf allies over the Iran deal, with Gulf states pressing for clarity on the Strait of Hormuz, nuclear and missile issues.
Iran and Oman have agreed to form a joint foreign-ministry committee on the future management of shipping through the Strait of Hormuz, a joint statement says, while reaffirming safe passage and their sovereignty over the waterway.
Airline passengers in the EU will keep free hand luggage and delay compensation under a deal reached after more than a decade of talks, with the rules due to take effect in 2027.
Relations across the Gulf have been ruined following more than 100 days of war between Iran, Israel and the US with the Gulf neighbours to the south and east of the Islamic Republic left exposed following a new memorandum with the Trump admin.
A US Navy fighter jet disabled an unladen oil tanker carrying 24 Indian nationals in the Gulf of Oman on June 8.
Fitch has raised its 2026 oil and gas outlook to improving, lifting its Brent assumption to $87 on a five-month Strait of Hormuz closure, with prices seen at $100-110 before easing to $70 by September.
The escalating crisis in the Middle East and severe disruptions to energy transportation through the Strait of Hormuz have once again demonstrated how vulnerable the global oil and gas market remains to instability.
Global oil markets are relying heavily on inventory drawdowns to offset a supply shock caused by the closure of the Strait of Hormuz, with OECD stockpiles potentially reaching stress levels by mid-September if current trends persist, according to Oxf
The US House just voted 215 to 208 to end the Iran war, by passing a new War Act, that is unlikely to have any impact on the Iran conflict as US President Donald Trump is widely expected to veto the motion.
The world has changed in a very fundamental way. For most of the last century the world has been run on the lines of Great Power Geopolitics: them and us; the enlightened and the barbaric; the rich and the poor.
Oman clears cars for re-export to Iran following the UAE's decision to cut off Tehran from southern imports as tensions continue between Gulf neighbours.