Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Explainer Rubio says Iran ‘lost’ Hormuz. Has it? US Secretary of State Marco Rubio said Wednesday that Iran has “lost complete control” of the waterway, pointing to the recovery in Gulf oil exports in September. Iran
Turkey, Pakistan to deploy forces to Saudi Arabia amid Houthi attacks Turkish, Saudi and Pakistani officials agreed to bolster military cooperation under the Mecca defense pact as Houthi attacks and fighting in Yemen intensify. Turkey
Mideast oil exports surpass prewar levels despite pipeline, ship attacks Bloomberg reported on Monday, citing sources, that Saudi Arabia’s key East-West Pipeline was flowing as normal, despite an earlier report that it had closed again following a new attack. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis As Iran’s grip on Hormuz weakens, what leverage does Tehran have left? By A correspondent in Tehran In Tehran, reporting on politics
Explainer How Iran war created unexpected economic beneficiaries The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East. Oman
After Gulf attacks, Rubio faces pushback on 'war is over' claim Secretary of State Marco Rubio said the latest US strikes on Iran are "completely defensive." Iran
Egypt, Turkey push energy ties in Azerbaijan talks amid Hormuz crisis Egypt and Turkey are moving to deepen energy cooperation as Iran’s de facto blockade of the Strait of Hormuz disrupts Gulf energy flows, increasing the significance of Eastern Mediterranean energy infrastructure. Turkey
UAE eyes first multifuel pipeline as Hormuz crisis drags on State-owned Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the Strait of Hormuz. United Arab Emirates
Oil tumbles as Iran signals Hormuz could open within 30 days Traders continue to bet that a resolution to end the US-Israel-Iran war is near. Iran
US-Iran tit-for-tat strikes over Hormuz expose risks of prolonged standoff If the Trump administration does not reach an agreement with Iran soon, the specter of long-term, low-grade conflict over the strait may set in. By Jared Szuba In Washington, DC, reporting on defense, national security, military
Iran’s Hormuz authority declares control over ports in UAE, Oman: What to know The Persian Gulf Strait Authority released a map showing its “areas of oversight” extending to the United Arab Emirates’ ports, eliciting a rebuke from a senior Emirati official. Iran
US extends Russian oil sanctions waiver as Iran war squeezes supply The waiver temporarily lifts sanctions on Russian oil for 30 days. Iran
Analysis Pakistan’s six corridors offer Iran a trade lifeline, could outlast Hormuz crisis By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
UAE unveils $5B India investment push during Modi visit: What to know India and the UAE signed deals related to energy supplies and maritime security, further strengthening ties amid the war in the region. United Arab Emirates
UAE to fast-track construction of second oil pipeline, bypassing Hormuz: What to know ADNOC, the UAE's state-owned oil company, has been ordered to prioritize completion of the pipeline to double oil exports through the Gulf Oman. United Arab Emirates
Uptick in Chinese tankers transiting Hormuz amid Trump-Xi summit President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday, a meeting closely watched in Iran. United Arab Emirates
