All eyes are on Pakistan's capital Islamabad as it hosts what are being described as “make-or-break” talks between the United States and Iran on Saturday, even as doubts persist over their prospects amid sharply divergent positions, ongoing violence in Lebanon, and renewed warnings from Donald Trump of intensified military action if diplomacy fails.
US delegation led by Vice President JD Vance met directly with Iranian officials in Pakistan on Saturday — a significant moment for two countries that have typically held high-level talks through intermediaries, a CNN report said.
Sudan is emerging as an unlikely economic beneficiary of the geopolitical upheaval triggered by the Israel-US war on Iran, as disruptions in the Strait of Hormuz force Gulf states to rethink supply chains and food security strategies now more than ever, according to an industry expert.
Sadara Chemical, a joint venture between Saudi oil giant Aramco and US chemicals firm Dow, has announced that it has temporarily shut down production at its parent-operated plant. Sadara Chemical operates a complex in Jubail with an annual production capacity of 3 million MT of chemicals and plastics.
E Point Zero Holding RSC Limited (ePointZero), an Abu Dhabi-based global investment company, has entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners, a portfolio company of The Energy & Minerals Group (EMG), in a deal valued at nearly $2.25 billion.
UAE-based Azizi Developments said it has signed an agreement with Hyprlift, a US-based innovator in advanced vertical transportation systems, to explore the potential application of ropeless elevator systems within its selected project developments across Dubai.
The US will provide reinsurance covering up to $20 billion in potential losses in the Gulf region to bolster confidence among oil and gas shippers during the conflict with Iran, reported Reuters citing the US International Development Finance Corporation.
One week after the United States and Israel launched military strikes on Iran, plunging the Middle East into turmoil, President Donald Trump faces mounting questions over whether early battlefield gains can translate into a durable geopolitical victory, say experts.
Attacks on commercial shipping in the Gulf intensified on Thursday as the war between the US and Iran escalated, raising concerns about disruptions to energy supplies from one of the world’s most critical oil transit routes. Nine vessels have come under attack since the conflict broke out on Saturday.
India's GAIL said it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over constraints on vessels as conflict escalates in the Middle East.
