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.
Lakemore Partners, a structured credit investment company with a major presence in Dubai and US, said it has teamed up with Aegon Asset Management to support the mutual growth of their collateralised loan obligation (CLO) investment and management platforms.
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.
The United States and Iran have agreed to halt their latest hostilities in the Gulf and resume negotiations for a comprehensive treaty, raising hopes that a fragile interim peace arrangement can survive despite days of escalating military exchanges.
US Secretary of State Marco Rubio will meet with Bahrain officials on Thursday on the final leg of a trip to the Middle East where he has sought to sell the Trump administration's preliminary Iran accord to skeptical Gulf Arab allies.
The International Maritime Organisation (IMO) has announced a plan to evacuate 11,000 seafarers stranded in the Strait of Hormuz. The operation would be conducted in co-ordination with Iran, Oman and US and all other stakeholders from the maritime industry.
Chevron and Microsoft have agreed to develop a 2.67 GW natural gas-powered facility in West Texas to supply a Microsoft data centre. Project Kilby aims to become one of the largest co-located power and data centre projects in the US.
