GULF

Oil Giant Saudi Aramco Says Quarterly Profits Up as Crude Prices Surge

Saudi oil giant Aramco said Sunday its net profit rose by 25.5 percent in the first quarter compared to the same period last year, after the Middle East war sent oil and gas prices soaring. The result comes as uncertainty plagues global markets over the conflict's trajectory, with Iran restricting the passage of hydrocarbons through the strategic ...

CENTCOM says U.S. Forces Disabled Iranian-Flagged Tankers in Gulf of Oman Blockade Enforcement

U.S. Central Command (CENTCOM) announced U.S. forces disabled multiple Iranian-flagged oil tankers this week as part of ongoing blockade enforcement measures aimed at preventing vessels from entering Iranian ports via the Gulf of Oman. In a statement, CENTCOM said the operation targeted the M/T Sea Star III and M/T Sevda on May 8, as both vessels ...

Saudi Bases Open to U.S. Despite Hormuz Operation Disagreement

U.S. forces have access to Saudi airspace and bases despite being told not to use them for the now suspended operation to reopen the Strait of Hormuz, two Saudi sources told AFP on Friday. Earlier this week, U.S. President Donald Trump announced a pause in the two-day-old "Project Freedom" to guide ships through the Strait after a flare-up with ...

Iranian Attacks on UAE Continue Amid Hormuz Crisis

The United Arab Emirates said Friday that Iranian missile and drone attacks targeting the country injured three people, marking another serious escalation despite the ceasefire that took effect last month between Iran, the United States, and Israel. In a statement posted on X, the UAE Ministry of Defense said its air defense systems intercepted ...

U.S. Expands Massive Arms Package to Israel and Gulf States

U.S. Secretary of State Marco Rubio approved $25.8 billion in missile interceptors and other weapons sales to Israel, Bahrain, Kuwait, Qatar, and the United Arab Emirates last week, according to a Bloomberg report, significantly expanding a package that Washington had publicly described days earlier as worth roughly $8.6 billion. The sales ...

U.S. Awaits Iran Response to Latest Deal Offer

The United States was waiting on Thursday for Iran to respond to its latest proposed deal to end the war in the Middle East and to reopen the key shipping lane out of the Gulf. Oil prices tumbled five percent after U.S. President Donald Trump said once again that an agreement could be near after positive talks and Iran said it would pass on its ...

Trump Says Pausing Hormuz Operation in Push for Iran Deal

President Donald Trump said Tuesday he was halting the US military operation to escort ships through the Strait of Hormuz after just one day, in a bid to reach a deal with Iran to end the Middle East war. Trump's so-called "Project Freedom" to help vessels leave the Strait of Hormuz, the narrow chokepoint to the Gulf where Iran has seized control ...

Iran Strikes UAE in First Breach of Ceasefire

The United Arab Emirates confirmed on Monday that its air defense systems intercepted missiles and drones launched from Iran, marking the first direct attack on the country since the ceasefire took effect on April 8, according to official Emirati statements. The UAE Ministry of Defense announced that four cruise missiles were detected heading ...

Iran Fires 'Warning Shots' as U.S. Navy Says Its Ships Entered Gulf Via Hormuz

Iran's navy fired 'warning shots' at U.S. warships in the Strait of Hormuz on Monday, state media said, after the American military sent cruisers into the Gulf as part of a plan to help trapped commercial vessels leave. Earlier, U.S. President Donald Trump had announced a plan to guide ships from neutral countries out of the Gulf, saying it was a ...

U.S. Military: U.S. Destroyers Cross Strait of Hormuz, Enter Gulf

U.S. Navy-guided missile destroyers have passed through the Strait of Hormuz and entered the Gulf as part of a new mission to restore maritime traffic in the vital waterway, the U.S. military said Monday. The warships "are currently operating in the Arabian Gulf after transiting the Strait of Hormuz in support of Project Freedom," U.S. Central ...

Tanker Hit by 'Unknown Projectiles' off UAE Coast: UK Maritime Agency

A tanker was hit by unidentified projectiles off the coast of the United Arab Emirates, a British maritime agency reported Monday, as the United States said it would escort ships through the blocked Strait of Hormuz. "A tanker has reported being hit by unknown projectiles," the United Kingdom Maritime Trade Operations (UKMTO) said, ...