Bahrain announced on Saturday that its air defences intercepted Iranian missiles, while strongly condemning Iranian attacks targeting the Kingdom of Bahrain and the State of Kuwait earlier in the day.
Despite ongoing disruption to oil flows through the Strait of Hormuz and continued uncertainty surrounding the conflict involving Iran, OPEC has maintained its forecast for global oil demand growth, citing no evidence of a slowdown in consumption.
DP World, through its joint venture Laem Chabang International Terminal Co (LCIT), has secured a five-year concession extension to continue operating the B5 container berth at Laem Chabang Port in Thailand.
Around 20,000 seafarers remain trapped and unable to leave in and around the Strait of Hormuz, said International Maritime Organization (IMO) Secretary-General Arsenio Dominguez.
India and the UAE have signed seven agreements spanning energy, defence, infrastructure and shipping during Prime Minister Narendra Modi’s brief visit to UAE, the first stop of his five‑nation tour. Giving fresh impetus to the Comprehensive Strategic Partnership, the UAE has announced $5 billion investments in India.
ADNOC Gas reported $1.1 billion net income in Q1 2026, demonstrating strong operational and financial performance despite regional uncertainty, energy-sector disruption, and maritime challenges affecting movements through the Strait of Hormuz.
Saudi Arabia's National Shipping Company Bahri has delivered solid results for the first quarter of 2026 with a 129% growth in its revenue which soared to SAR4.96 billion ($1.32 billion) driven primarily by higher freight rates, while its net profit surged to hit SAR2.15 billion ($572 million).
Iran has announced that commercial shipping through the strategically vital Strait of Hormuz will remain fully open for the duration of the current ceasefire, signalling a potential easing of tensions in one of the world’s most critical energy corridors.
A Greek-operated oil tanker has sailed through the Strait of Hormuz with a 1 million barrels cargo of Saudi Arabian crude and its destination listed as India, reported Reuters citing the data from ship tracking platforms Kpler and Lloyd's List Intelligence.
Shipping insurers are likely to re-examine their ability and willingness to provide cover due to the present situation around the Arabian Gulf, International Union of Marine Insurance (IUMI) has said.
