Iran and Israel said on Monday they had halted attacks against each other following an appeal from US President Donald Trump, while US forces simultaneously escalated pressure on Tehran by disabling an oil tanker attempting to reach an Iranian port in defiance of Washington's naval blockade.
Blue Owl Capital, an American alternative investment asset management company, has announced the opening of its new office at ADGM in Abu Dhabi. With this move, Blue Owl aims to strengthen its global footprint, underscoring its long-term commitment to the Middle East and focus on best supporting clients in the region.
The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches.
The US Department of Energy’s (DOE) Office of Critical Minerals and Energy Innovation announced $134 million for two projects that will strengthen domestic supply chains for rare earth elements (REEs).
European Union (EU) imports of liquefied natural gas (LNG) continued to decline in recent months, falling by 1.2 per cent between March and May 2026, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA).
The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.
Iran fired missiles toward Bahrain and Kuwait as the United States carried out fresh military strikes against Iranian targets and enforced its maritime blockade in the Gulf yesterday, in one of the most serious escalations since a fragile ceasefire took hold.
Conflicting messages from Washington and Tehran on Monday deepened uncertainty over the future of US-Iran negotiations, leaving markets and regional observers struggling to gauge whether weeks of diplomatic engagement are moving toward a breakthrough or drifting toward collapse.
US President Donald Trump has signed a proclamation amending his national security tariffs on some aluminum, steel and copper imports, effective until December 31, 2027. It lowers tariffs on some steel and aluminum derivative products, including certain types of residential HVAC equipment.
Oil prices declined further on Thursday, following the release of the text of the interim agreement signed by the US and Iran.
