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Trump says pilots are fine after US helicopter crashes near Strait of Hormuz
Trump says pilots are fine after US helicopter crashes near Strait of Hormuz Iranian state media, relying on foreign reporting, acknowledged the crash without elaborating. DUBAI: A United States Army Apache attack helicopter crashed near the Strait of Hormuz, with President Donald Trump saying the two pilots aboard are “fine” after the incident involving the waterway that remains under a chokehold by Iran. What caused the crash remained unclear on Tuesday (Jun 9) morning in the Middle East,...
Analysis:Global oil inventories depleted, next price spike could roil economies, markets
Analysis:Global oil inventories depleted, next price spike could roil economies, markets HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader financial markets. Some fear the next move higher for oil prices would pose a risk to economic growth, bond...
Iran targets US bases in Jordan and the Gulf after Trump orders strikes near Hormuz
Iran targets US bases in Jordan and the Gulf after Trump orders strikes near Hormuz The clashes mark one of the biggest exchanges in hostilities since the two countries agreed to a ceasefire in April. DUBAI: Iran's Revolutionary Guards said they had carried out attacks against a US base in Jordan and 21 other targets in the Gulf on Wednesday (Jun 10) in retaliation for American strikes around the Strait of Hormuz, Iranian media reported. The clashes mark one of the biggest exchanges in...
100 days of Iran war: Gulf states grapple with security and economic consequences
Iran war at 100 days: Gulf states grapple with stability June 4, 2026For the regional Gulf Cooperation Council (GCC) states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) — the consequences of the US-Israeli conflict with Iran extend far beyond immediate military threat. Since February 28, when the US and Israel launched joint strikes on Iran, and despite a nominal ceasefire, the GCC countries, have been performing a difficult balancing act. Key...
Iran declares support for Hezbollah with wider peace deal in doubt
Iran declares support for Hezbollah with wider peace deal in doubt Iran has made a ceasefire between Israel and Hezbollah a condition for any peace deal with Washington to resolve the regional war. DUBAI: Iran has reaffirmed support for its Lebanese ally Hezbollah and demanded that Israel withdraw from southern Lebanon, underscoring complications facing an interim deal to end the broader conflict between the US and Iran. Iran has made a ceasefire between Israel and Hezbollah a condition for...
Iran studying deal to halt war as stalemate persists
Iran studying deal to halt war as stalemate persists DUBAI: Iran is reviewing a proposed agreement with the United States to halt the war between the two countries, Iran's Mehr news reported on Tuesday (Jun 2), after US President Donald Trump said talks to reach a deal were continuing. More than three months after the US and Israel launched strikes against Iran, the conflict has hardened into a stalemate, while largely indirect talks to negotiate an interim deal have proved inconclusive,...
Commentary: Methanol, pistachios and cement - other Iranian exports choked by the war
Commentary: Methanol, pistachios and cement - other Iranian exports choked by the war Given disruptions in supply chains all over the world, the conflict has shown that Iran’s role in the global economy is not merely centred on oil, says this writer. The war between Iran, the US and Israel has escalated into a major global crisis, with consequences that are reaching far beyond the Middle East. The closure of the Strait of Hormuz, through which around 25 per cent of the world’s oil ordinarily...
Hostilities flare again in Iran war, talks at a stalemate
Hostilities flare again in Iran war, talks at a stalemate Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed, says the US military. DUBAI: Gulf hostilities flared anew on Wednesday (Jun 3), with the US military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed as diplomacy between Washington and Tehran showed little progress. Two Iranian missiles shot at Kuwait fell short or broke...
Commentary: The Strait of Hormuz is getting less dire by the day
Commentary: The Strait of Hormuz is getting less dire by the day The longer we go without oil from the Persian Gulf, the less we’ll need it, says Christopher Smart for the New York Times. NEW YORK: Whatever peace agreement the United States and Iran may cobble together, there will be no quick return to pre-war energy flows through the Strait of Hormuz. Even after the mines are cleared, it will take a brave tanker captain to trust that the passage is once again secure - and higher insurance...
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict Despite warnings of a looming jet fuel supply crunch amid the Iran war, major airlines are now saying that they have enough fuel for the next few months. The conflict in Iran has sent jet fuel prices soaring, as the prolonged closure of the Strait of Hormuz choked exports from Gulf refineries that supply a significant share of the world’s jet fuel. The war, which began with United States-Israeli strikes on Iran on...