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News
The end of the single safe haven: Global families rethink security
2+ day, 18+ hour ago (761+ words) Six months after missiles and market panic tested Dubai’s reputation as a global safe haven, the sharpest lesson has less to do with the Gulf’s geopolitics than with creating optionality. In February 2026, war between Iran, Israel and the United States…...
Oil nears $100 as West Asia war escalates, raising supply fears
3+ day, 21+ hour ago (443+ words) Brent crude nears $100 a barrel as escalating attacks in West Asia raise fears of prolonged disruptions to oil supplies and key shipping routes Oil prices moved close to $100 a barrel on Wednesday, reaching their highest level since July, as an…...
Oil climbs as US-Iran ship strikes stoke fresh supply shock fears
6+ day, 2+ hour ago (428+ words) Crude prices extend gains as attacks on vessels near the Strait of Hormuz raise concerns over prolonged disruption to Middle East oil supplies, while OPEC+ keeps its October output policy unchanged. Oil prices extended gains on Monday as escalating strikes…...
Iran doubles gasoline prices as renewed war stirs economic hardship within the country
6+ day, 4+ hour ago (351+ words) As the war between Tehran and the United States continues to escalate, reports suggest Tehran doubled gasoline prices by removing it from the subsidised quota last week. The price change came as households were already struggling with skyrocketing inflation and…...
UK mortgage approvals fall to lowest since January 2024, Bank of England data shows
6+ day, 16+ hour ago (250+ words) UK lenders approved fewer mortgages in July as housing demand weakened, while consumer borrowing rose more than expected, pointing to softer near-term activity in the housing market. British lenders approved the fewest mortgages for house purchase since January 2024 in July…...
Is MBS Out of Money As Saudi Seeks Loan to Cover Costs Due to Iran War? | Vantage on Firstpost
1+ week, 4+ day ago (126+ words) The Gulf spent years building an economic fortress on the back of oil wealth, diversification and a promise of stability. But the Iran war is putting that model under unprecedented pressure. Saudi Arabia is reportedly exploring billions of dollars in…...
Kharg Island: The target that could change the oil economy — and the Iran war
1+ week, 5+ day ago (1365+ words) Kharg Island handles most of Iran’s crude exports. Any sustained disruption could hit Tehran’s finances, tighten global oil supplies and push prices higher US President Donald Trump on Monday shared an AI-generated video on Truth Social. The video appeared to…...
Israel’s defence ministry, weapons firms funded US university research for weapons: Report
2+ week, 4+ day ago (560+ words) More than $15 million in Israeli defence-linked funding was reportedly either not disclosed or inconsistently recorded in US foreign-funding databases. Millions of dollars from Israel’s Ministry of Defence and Israeli defence companies have funded research at US universities, with some of…...
Iran discovers 7.5 trillion cubic feet of gas as war-hit energy sector faces fresh pressure
2+ week, 6+ day ago (356+ words) Iran has announced a major natural gas discovery in Fars province that could yield about 5.7 trillion cubic feet, even as Tehran works to rebuild energy infrastructure damaged during the war. Iran has discovered more than 7.5 trillion cubic feet (212.4 billion cubic…...
Oil prices climb to three-week high as Middle East supply risks mount
3+ week, 2+ day ago (322+ words) Brent crosses $93 a barrel as the Iran war stalemate, tensions around the Strait of Hormuz and tighter Middle East exports raise concerns over global oil supplies. Oil prices climbed to more than three-week highs on Thursday, extending their gains for…...