U. S. President Donald Trump has abandoned his proposed 20 per cent charge on cargo moving through the Strait of Hormuz, replacing it with planned trade and investment agreements with Gulf states while keeping a naval blockade on Iran in force. The reversal came a day after Trump said Washington would collect a “reimbursement fee” from vessels using the strategic waterway, a move that triggered objections over […]
By Dr. Gyan Pathak Inflation – both wholesale and retail – in India has been rising sharply since January 2026. Wholesale inflation for all commodities rose from 1.19 per cent in January 2026 to 9.87 per cent in June 2026, while retail inflation during this period rose from 2.74 per cent to 4.38 per cent. […]
The article Inflation In India Rising Sharply Since January 2026, Highest In June appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Arabian Post Staff -Dubai Iranian cruise missiles struck two UAE tankers in the Strait of Hormuz on Tuesday, killing one crew member and injuring eight others as maritime tensions intensified across the Gulf. The Mombasa and Al Bahiyah were hit while travelling through the southern shipping lane within Omani territorial waters, the UAE Ministry of Defence said. Fires broke out on both vessels and caused material damage […]
Arabian Post Staff -Dubai The United States and Iran exchanged fresh strikes overnight into Monday, deepening a military confrontation that has sharply reduced commercial traffic through the Strait of Hormuz and unsettled global energy markets. US Central Command said American forces completed another round of attacks intended to weaken Iran’s ability to threaten civilian mariners and commercial vessels using the strategic waterway. Dozens of targets were struck, […]
Arabian Post Staff -Dubai The UAE activated its air defence network early on Sunday to intercept ballistic missiles, cruise missiles and drones launched from Iran, as a fresh exchange of attacks widened the Gulf conflict and triggered emergency alerts across several countries. The Ministry of Defence said loud sounds heard in scattered parts of the country were caused by interception operations. Fighter aircraft and ground-based systems were […]
Arabian Post Staff -Dubai The United States launched a third round of strikes on Iran this week after Tehran declared the Strait of Hormuz closed and Iranian forces attacked a Cyprus-flagged container ship attempting to cross the strategic waterway. US Central Command said President Donald Trump ordered the operation after the Islamic Revolutionary Guard Corps attacked the M/V GFS Galaxy, leaving one civilian crew member missing. The […]
The United States has sharply loosened export controls on the UAE, opening wider access to advanced artificial intelligence chips, military equipment, commercial satellites and other sensitive technologies. The Department of Commerce reclassified the UAE under the Export Administration Regulations on Friday, placing it in a group that receives broader licence exemptions for controlled military and dual-use goods. The decision marks a significant upgrade in economic, defence and […]
Turkish Foreign Minister Hakan Fidan has accused Israeli Prime Minister Benjamin Netanyahu’s government of posing a threat to international security, sharpening Ankara’s criticism of Israel as diplomatic efforts continue to contain conflict across the Middle East. Fidan said Netanyahu’s policies had become a burden not only for Türkiye and the wider region, but also for Israel itself. He argued that the Israeli leader and his political allies […]
The United States says technical negotiations with Iran are continuing despite renewed military strikes that have weakened a fragile ceasefire and raised fears of another prolonged conflict across the Gulf. US officials said no additional strikes had been launched for several hours, while diplomatic contacts remained active through technical teams and regional intermediaries. The talks are focused on restoring maritime security in the Strait of Hormuz, implementing […]
Arabian Post Staff -Dubai Oil prices edged lower on Friday but remained on course for strong weekly gains as renewed fighting between the United States and Iran kept the risk of Middle East supply disruption firmly embedded in the market. Brent crude futures slipped 6 cents, or 0.08%, to $76.24 a barrel by 0125 GMT. US West Texas Intermediate crude fell 4 cents, or 0.06%, to $72.04. […]
Iran fired missiles and drones at US military-linked facilities in Bahrain and Kuwait after a new wave of American strikes on Iranian targets, pushing Gulf security concerns sharply higher and raising fresh risks for shipping, energy markets and regional airspace. The attacks targeted areas associated with US forces in Bahrain and Kuwait, two Gulf states that host important American military infrastructure. Air defence systems were activated, sirens […]
President Donald Trump has sharpened his public embrace of Bitcoin, calling cryptocurrency “very powerful” and saying the scale of Bitcoin use is still not fully understood, remarks that have placed digital assets back at the centre of Washington’s financial policy debate. The comments, made during a CNBC interview at the White House, marked another shift for a president who once dismissed Bitcoin as a threat to the […]
Arabian Post Staff -Dubai US forces hit about 90 targets along Iran’s coast on Wednesday, extending military action for a second straight day and deepening doubts over efforts to turn a fragile truce into a permanent peace deal. US Central Command said the operation was designed to weaken Tehran’s ability to attack commercial shipping and civilian mariners in the Strait of Hormuz, the narrow waterway through which […]
By K Raveendran The Narendra Modi government’s position on fuel prices now looks less like prudent caution and more like an overly defensive reading of a market that has already absorbed much of the Iran-US risk. The more calibrated question, therefore, is not whether New Delhi is right to watch the West Asian security situation, […]
The article Modi Govt’s Overcautious Oil Market Reading Hurting Retail Fuel Customers appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
President Trump’s declaration on Wednesday that the ceasefire with Iran is over immediately pushed oil prices higher, lifted Treasury yields and revived concerns about the security of the Strait of Hormuz. Markets responded in familiar fashion, with traders reassessing energy supplies, inflation expectations and monetary policy. Another consequence deserves equal attention. Higher oil prices strengthen the fiscal position of the Gulf’s major energy exporters. Over time, stronger […]
Bitcoin fell below $62,000 in Asian trading as renewed US-Iran hostilities drove oil prices higher, prompting investors to cut exposure to cryptocurrencies and other risk assets. The world’s largest digital token traded near $62,000 after touching an intraday low around $61,700, extending a pullback that spread across Ether, XRP and Solana. Ether hovered near $1,625, while several large alternative tokens lost between 1 and 3 per cent […]
Gulf Cooperation Council banks are bracing for slower growth as the Middle East war and wider geopolitical uncertainty weigh on credit demand, investor confidence and corporate activity, even as lenders retain strong profitability, capital buffers and stable funding. S&P Global Ratings analyst Tatjana Lescova said banks across the six-nation bloc are expected to continue delivering solid earnings despite pressure from the conflict, higher risk premiums and uneven […]
Arabian Post Staff -Dubai Iran’s Revolutionary Guards said they fired missiles and drones at US military facilities in Bahrain and Kuwait on Wednesday, widening a confrontation that has put a fragile ceasefire under severe strain after US strikes on Iranian targets near the Strait of Hormuz. The Islamic Revolutionary Guard Corps said the operation hit sites linked to the US Fifth Fleet in Bahrain and Ali Al […]
Arabian Post Staff -Dubai Saudi Arabia has slashed the price of its flagship crude for Asian buyers by the widest margin in more than two decades, signalling a tougher fight for market share as rising supply and softer demand reshape the oil trade. Saudi Aramco cut the August official selling price of Arab Light crude by $11 a barrel, setting it at $1.50 below the Oman-Dubai average, […]
Arabian Post Staff -Dubai OPEC+ has approved another increase in oil output targets for August, adding 188,000 barrels per day to planned supply as Gulf exports move back through the Strait of Hormuz and crude prices ease from wartime highs. The decision, taken at a virtual meeting on Sunday, extends a sequence of monthly quota increases that began in April and continued through June and July. Saudi […]
Tehran opened weeklong funeral ceremonies for Ayatollah Ali Khamenei on Saturday, turning public mourning for the slain former supreme leader into a carefully staged display of endurance after months of war, political uncertainty and pressure on the Islamic Republic’s ruling establishment. The body of Khamenei, killed on 28 February during US and Israeli strikes at the start of the war, was placed at the Imam Khomeini Grand […]
Arabian Post Staff -Dubai Oil prices have slipped back as a burst of supply, softer demand signals and easing disruption fears revive concern that the global market may be heading towards another glut. Brent crude has traded close to $72 a barrel, while US benchmark West Texas Intermediate has hovered below $70, pulling prices towards levels seen before the latest Middle East supply scare. The shift has […]
Arabian Post Staff -Dubai The UAE’s non-oil private sector came close to stalling in June as the impact of the Iran conflict, softer tourism activity and cost pressures hit client demand, leaving firms with the weakest improvement in business conditions since February 2021. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index fell to 50.8 in June from 52.6 in May, staying only slightly above the 50 […]
Gulf banking systems remain well placed to absorb near-term shocks from the US-Iran conflict, but their credit strength is now tied closely to whether the ceasefire holds and whether the Strait of Hormuz returns fully to dependable commercial use. Fitch Ratings says the durability of the truce between Washington and Tehran will be central to the outlook for banks across the Gulf Cooperation Council, where lenders entered […]
