News related to
Iran war

Iran’s Islamic Revolutionary Guard Corps said on Monday that its air defences had intercepted and destroyed an MQ-1 unmanned aircraft over the Strait of Hormuz, adding another disputed military incident to the escalating confrontation with the United States around the strategic waterway. The IRGC said its Aerospace Force used a new air-defence system operating under Iran’s integrated air-defence network to engage the aircraft above the strait. It […]

Arabian Post Staff -Dubai Oman has called for new liquefied natural gas export routes that can bypass the Strait of Hormuz, arguing that the months-long disruption to the Gulf’s main energy artery has exposed a critical weakness in global gas supply chains. Energy and Minerals Minister Salim bin Nasser Al Aufi told the Gastech conference in Bangkok on Monday that producers and consumers needed to examine infrastructure […]

Austria has denied entry to Iran’s nuclear chief Mohammad Eslami, preventing him from addressing the International Atomic Energy Agency’s annual General Conference in Vienna after a travel-ban exemption was not approved. Eslami, Iran’s vice-president for nuclear affairs and head of the Atomic Energy Organization of Iran, had been expected to speak at the opening of the five-day gathering on Monday. Iran’s state news agency said on Saturday […]

President Donald Trump has urged Ukrainian President Volodymyr Zelenskyy to stop attacking Russian oil refineries, arguing that the strikes are worsening a global diesel shortage as fuel prices climb sharply in the United States. Trump said on Sunday that he had already spoken directly with Zelenskyy about the issue and wanted Ukraine to select other targets inside Russia. Speaking during a visit to Ireland, he said Ukrainian […]

BRICS leaders have adopted a joint declaration expressing deep concern over escalating tensions in the Middle East and urging maximum restraint, securing consensus among members including Iran, Saudi Arabia and the United Arab Emirates. The New Delhi Declaration, approved on Saturday at the 18th BRICS Summit, called on all sides to avoid actions that could further aggravate the situation and reaffirmed support for resolving international disputes through […]

Vice-President JD Vance has emerged from the Republican midterm convention in Dallas with his standing as a potential 2028 presidential contender enhanced, after a keynote speech drew chants from delegates and fresh praise from President Donald Trump. Vance used Thursday night’s address to present himself as a defender of Trump’s political movement while urging Republicans to stay united ahead of the November midterm elections. Delegates repeatedly chanted […]

Arabian Post Staff -Dubai Dubai International Airport has handled 1.5 billion passengers since opening in 1960, marking a new milestone as the city prepares to shift its aviation growth to the much larger Al Maktoum International Airport. The cumulative figure was disclosed during a Government of Dubai Media Office briefing with Dubai Airports chief executive Paul Griffiths, who said DXB’s rebound in passenger traffic was gathering pace […]

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Arabian Post Staff -Dubai QatarEnergy is negotiating multi-year liquefied natural gas supply agreements with US producers running through 2031 as it seeks to replace output lost after Iranian strikes damaged key facilities at Ras Laffan, people familiar with the talks said. Discussions include Venture Global, Cheniere Energy and Woodside Energy, according to people with knowledge of the negotiations. The move would shift QatarEnergy beyond the spot-market purchases […]

Iran is allowing exporters and importers greater use of cryptocurrencies, including Tether’s USDT and Bitcoin, for cross-border settlements as tighter US sanctions intensify pressure on trade and foreign-currency flows. The policy shift gives businesses more flexibility to repatriate export earnings outside the central bank’s official foreign-exchange platform and use those proceeds directly to pay for imports. Crypto transactions have become one route for moving value across borders […]

Arabian Post Staff -Dubai Yemen’s Houthi movement has seized Perim Island and Dhubab on the Bab al-Mandab, giving the Iran-aligned group control of key positions overlooking one of the world’s most important shipping chokepoints as fighting intensifies along the Red Sea coast. The advance followed the withdrawal of forces aligned with Yemen’s internationally recognised government and came a day after the Houthis captured the port city of […]

President Lee Jae Myung’s approval rating has fallen to a new low as opposition hardens against sending South Korean military assets to the Strait of Hormuz, intensifying pressure on his government while Washington urges Seoul to contribute to maritime security.

A National Barometer Survey released Thursday showed 43 per cent of respondents approved of Lee’s handling of state affairs, down seven percentage points from two weeks earlier, while 48 per cent disapproved. It was the first time disapproval exceeded approval in the biweekly poll since Lee took office in June 2025.

The same survey found 45 per cent opposed deploying military assets, including maritime patrol aircraft and support ships, to Hormuz, compared with 36 per cent who supported such a move. Opposition was strongest among respondents in their 40s and 50s and among supporters of Lee’s ruling Democratic Party, underscoring the domestic political risk surrounding any military contribution.

Seoul has repeatedly said no final decision has been made. Seong Ghi-hong, senior presidential secretary for public relations and communication, said Wednesday that the government had not finalised its policy and was “cautiously assessing” the issue. A Defence Ministry inspection team sent to the United Arab Emirates to examine conditions returned on Thursday.

The government has described the mission as an assessment rather than preparation for deployment. National Security Adviser Wi Sung-lac also said talks between Lee and French President Emmanuel Macron in Paris focused on possible contributions to maritime security and freedom of navigation, not on an agreement to send troops.

The debate has sharpened as US President Donald Trump presses allies to help secure Hormuz during the prolonged conflict with Iran. Trump has publicly criticised Seoul over its reluctance to support US efforts in the waterway, which carries a major share of the energy supplies used by South Korea and other Asian economies.

South Korean officials have denied that Washington imposed a deadline for a deployment. The presidential office has said Seoul is discussing practical ways to support peace, stability and free navigation with international partners, while weighing military readiness, legal requirements and the risks of deeper involvement in the conflict.

Any dispatch of troops would require approval from the National Assembly, where Lee’s Democratic Party holds a majority. That gives the government procedural room but does not remove the political cost of acting against a sizeable share of public opinion, including voters aligned with the ruling camp.

A separate Hangil Research survey conducted from September 5 to 7 found 47.1 per cent opposed deployment and 43 per cent supported it, a difference within the poll’s margin of error. Opposition rose to 55.5 per cent among Democratic Party supporters and 62.4 per cent among self-described liberals.

Lee’s broader ratings have also weakened for domestic reasons. A Realmeter survey released Monday put his approval at 37.4 per cent, down 1.5 percentage points over the week and the eighth consecutive weekly decline. The pollster linked the fall primarily to disputes over a cabinet reshuffle and housing-related policy changes rather than the Hormuz question alone.

Gallup Korea last week placed Lee’s approval at 40 per cent, with 51 per cent disapproving. Respondents who viewed him negatively most often cited real estate policy, followed by concerns about the economy and livelihoods and dissatisfaction with personnel appointments.

The Hormuz issue nevertheless adds a foreign-policy dilemma at a sensitive moment. South Korea depends heavily on imported energy, and disruption in the strait has already increased the strategic importance of keeping shipping routes open. At the same time, Iran has warned Seoul against military participation, saying such a move could be viewed as siding with US military action.

Shipping through Hormuz remains sharply below pre-war levels as the United States and Iran continue military and economic pressure around the waterway. The conflict has pushed oil prices higher and complicated supply planning across Asia, giving Seoul a direct economic interest in restoring safer passage without becoming drawn further into hostilities.

Washington and Tehran are hardening their positions for a prolonged confrontation, with no clear path to a ceasefire and Middle East energy flows still severely disrupted. President Donald Trump said on Wednesday that he expected the war to end only after the November 3 US midterm elections, while acknowledging that Washington was not actively seeking negotiations. His remarks came as the conflict entered its seventh month and […]

Arabian Post Staff -Dubai Saudi Arabia told OPEC that its crude production fell to 6.238 million barrels a day in August, the kingdom’s lowest monthly level since 1990, as renewed fighting involving the United States and Iran disrupted export routes. The figure, contained in OPEC’s September monthly oil market report, was almost 1.9 million barrels a day below the 8.135 million barrels reported for July. It also […]

US producer prices rose 5.4 per cent in the 12 months through August, accelerating from July and coming in slightly above market expectations, as higher energy costs pushed wholesale inflation to its strongest annual pace in months. The Producer Price Index for final demand increased 0.4 per cent from July on a seasonally adjusted basis, the Bureau of Labor Statistics said on Thursday. The monthly rise matched […]

  By R. Suryamurthy India’s trade with BRICS has expanded dramatically, but the numbers reveal an uncomfortable imbalance beneath the rhetoric about a multipolar world and alternative financial architecture. Between FY2021 and FY2026, India’s total merchandise trade with the 11-member grouping more than doubled, from $203.1 billion to $417.5 billion. Yet the expansion was overwhelmingly […]

The article Bricks cannot de-dollarise its way out of India’s huge trade imbalance appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Arabian Post Staff -Dubai The United Arab Emirates has strongly condemned Iran’s missile attack on Jordan, declaring it a flagrant violation of the kingdom’s sovereignty and a threat to its security and stability. The UAE Ministry of Foreign Affairs said on Wednesday that Abu Dhabi stood in full solidarity with the Hashemite Kingdom of Jordan and supported all measures taken to safeguard its security and stability. The […]

Iraq plans to lift pipeline oil exports through Syria and Türkiye’s Mediterranean port of Ceyhan to more than one million barrels a day, as Baghdad accelerates efforts to diversify crude shipments away from vulnerable Gulf routes. Oil Minister Bassem Mohammed Khudair said Iraq was exporting about three million barrels per day in September and remained within its OPEC production ceiling, with current production capacity not exceeding 4.2 […]

The International Atomic Energy Agency’s board has reported Iran to the UN Security Council over nuclear safeguards failures, marking the first such referral in two decades and widening the diplomatic confrontation between Tehran and Western governments. The 35-member Board of Governors adopted the resolution on Wednesday by 23 votes to three, with eight abstentions. China, Russia and Niger voted against the measure, while one member did not […]

President Donald Trump warned Iran on Wednesday that the United States could strike Pickaxe Mountain after Washington detected activity at the deeply buried site near the damaged Natanz uranium enrichment complex. “We notice there’s a little activity at Pickaxe. I would advise Iran not to get cute because we will have to hit them very hard,” Trump told a Republican midterm convention in Dallas, sharpening warnings he […]

Arabian Post Staff -Dubai Several US combat aircraft were damaged when Iranian ballistic missiles struck Muwaffaq Salti Air Base in Jordan, with about eight F-15 fighters sustaining light damage and returning to service, according to people familiar with the damage assessment. An A-10 Thunderbolt II attack aircraft was hit severely and left with major wing damage, the assessment indicated. The extent of repairs required for that aircraft […]

By K Raveendran India has spent the past four years demonstrating that energy security can sometimes be protected by refusing to choose sides. Russian crude offered discounts when Western sanctions rearranged the global oil market, Gulf producers remained indispensable despite the new relationship with Moscow, and purchases from the United States and other distant suppliers […]

The article India’s oil cushion faces two-front squeeze amidst Trump’s tariff threat appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

China’s oil demand is expected to fall by 600,000 barrels a day, or 8.9%, in 2026, marking a third consecutive annual decline as high crude prices and faster electric-vehicle adoption curb fuel consumption, according to Sinopec Group’s research arm.

The Sinopec Economics & Development Research Institute said petrol and diesel would account for most of the reduction, with petrol demand projected to drop 8.7% from a year earlier to 149 million tonnes and diesel consumption to fall 11.4% to 164 million tonnes. Jet fuel demand, by contrast, is forecast to rise 1.3% to 41.55 million tonnes.

The forecast underscores a sharper structural shift in the world’s biggest crude importer, where transport electrification is steadily reducing dependence on petroleum fuels while the US-Iran war has pushed up energy prices and disrupted supplies through the Strait of Hormuz. The institute said the combination of high prices and changing transport patterns was weakening consumption across key refined products.

China’s oil demand has now declined for three straight years, according to the institute, strengthening evidence that growth in transport fuel use has peaked. The International Energy Agency has separately estimated that electric vehicles displaced about one million barrels a day of oil demand in China during 2025, roughly 15% of the road-transport demand that would otherwise have been required if the fleet had remained dominated by internal-combustion vehicles.

The IEA expects the displacement effect to deepen as the electric fleet expands, with electric vehicles in China projected to displace about 2.7 million barrels a day by 2030 under current policy settings. China already has the world’s largest stock of electric vehicles, and electrification is spreading beyond passenger cars into buses and heavy trucks, where diesel use has historically been substantial.

The IEA has said China’s transport oil consumption has flattened despite economic growth, as electric vehicles, gas-powered trucks and high-speed rail increasingly replace petroleum-based travel and freight.

The Sinopec research unit also lowered its outlook for crude processing, putting China’s 2026 refinery throughput at 697 million tonnes. Sinopec itself, the world’s largest refiner by capacity, has set a second-half oil throughput target of 113 million tonnes, broadly unchanged from the first half, according to its interim results.

Refining capacity is nevertheless expected to reach 952 million tonnes a year, equivalent to about 19.04 million barrels a day, in 2026. The research institute said tighter policy requirements and falling domestic demand would speed the closure of inefficient plants, particularly smaller and medium-sized refineries with limited product ranges.

It estimated that facilities representing 80 million to 100 million tonnes of annual refining capacity could leave the market. That would reduce national refining capacity to between 900 million and 910 million tonnes a year by the end of 2030, a contraction of as much as 5.5% from the 2026 level.

Weakness is also evident in petrochemicals. Although profits in China’s chemical industry rose by more than 50% year on year during the first seven months of 2026, the institute said apparent demand remained subdued. It forecast full-year ethylene-equivalent consumption to decline 8% because of high costs and inventory pressures.

The demand outlook has wider implications for global oil markets because China’s purchases have long been a major source of incremental consumption. Lower demand has helped restrain crude imports and limit price gains even as the conflict involving the United States and Iran has disrupted Gulf supply routes and tightened physical markets.

Brent crude climbed above $100 a barrel on Wednesday as renewed attacks raised fears of further supply losses. Yet weaker consumption in China remains an important counterweight to the supply shock, with traders weighing the effects of reduced imports against disruption across the Middle East.

US Treasury yields climbed on Wednesday as oil prices pushed above $100 a barrel, intensifying concern that higher energy costs could keep inflation elevated and persuade the Federal Reserve to raise interest rates at its September 15-16 meeting. The benchmark 10-year Treasury yield moved above 4.8%, touching its highest level since late 2023, while longer-dated yields remained under pressure as investors reassessed the inflation outlook and the […]

Arabian Post Staff -Dubai Iran has warned crews aboard oil tankers in Kuwaiti and Bahraini ports to leave their vessels immediately, threatening retaliatory strikes after US forces destroyed five Iranian crude carriers in an escalation of the conflict around the Strait of Hormuz. The warning, issued by Iran’s Islamic Revolutionary Guard Corps Navy, said tankers at anchor or alongside port facilities in the two Gulf states could […]

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