All articles tagged with #gulf tensions
New US strikes on Iran, directed by Trump, target Tehran’s ability to threaten shipping in the Strait of Hormuz, while Iran and allied forces retaliate with missiles and drones and Gulf states report attacks and casualties; authorities dispute whether the strait is open, and a civilian missing case and shelter-in-place warnings in Oman underscore the risk as regional mediators urge restraint.
The UAE said its air defences intercepted missiles and drones from Iran—three missiles were shot down and a fourth fell into the sea—while a drone strike on Fujairah’s oil facility injured three workers; Iran denied targeting the UAE, as regional tensions soar amid stalled US-Iran talks and broader Strait of Hormuz disputes.
Two months into the US-Israel war on Iran, Tehran warns it will unleash long and painful strikes on US targets if Washington renews attacks, while defending the Strait of Hormuz and keeping it closed to protest a naval blockade. The closure threatens about 20% of global oil and gas shipments, fueling higher prices and broader economic concerns, as Washington weighs potential strikes and Congress timelines for war powers. Regional leaders condemn Iran’s actions and brace for further escalation, with no clear path to reopening the waterway.
Brent crude rose about 2% and was set for a record monthly gain as Gulf tensions threaten supply through the Strait of Hormuz, with U.S. crude near $101 a barrel; global stocks wobbled with Asia slipping while Europe and U.S. futures edged higher. Inflation concerns and upcoming data kept investors wary, and gold rose as a safe haven, with analysts warning that a prolonged closure of the Strait could push oil higher toward fresh highs.
The US is preparing to evacuate non-essential personnel from its Baghdad embassy amid rising tensions in the Gulf related to stalled Iran nuclear talks, leading to a nearly 5% spike in WTI crude oil prices due to fears of regional conflict disrupting oil supplies, especially from Iraq and the Strait of Hormuz.