Oil prices plunged early on Monday as investors bet that a potential US-Iran agreement to ease Middle East tensions would reopen the Strait of Hormuz and boost global crude supplies. US benchmark West Texas Intermediate crude for July delivery fell $3.84, or 4.52%, to $81.04 a barrel in early Asian»»»

NEW YORK: High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world’s demand, »»»

United States President Donald Trump has announced that a ceasefire deal with Iran has been agreed to and that toll-free shipping through the Strait of Hormuz will now begin. The agreement, later confirmed by Iran’s Deputy Foreign Minister Kazem Gharibabadi on Sunday, will immediately end hostiliti»»»

Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky each spoke by phone with US President Donald Trump on Sunday, as Trump marked his 80th birthday and the war in Ukraine remained a flashpoint ahead of this week’s G7 summit. Putin’s call with Trump lasted just under an hour,»»»

President Donald Trump said the United States and Iran have reached an agreement that includes the lifting of a US naval blockade on Iranian ports in the strategically vital Strait of Hormuz, marking a major potential shift in one of the world’s most sensitive maritime chokepoints. “Congratulations»»»

Share: Illustration – Oil prices tumble after Trump announces deal with Iran. and stock prices surged Iran has not yet officially confirmed the cease-fire agreement, but its state broadcaster took a triumphal tone, declaring that “the United States was forced to accept an end to the war.” Here’s th»»»

The US and Iran said they have agreed on a memorandum of understanding aimed at ending the conflict, which began on February 28 with a joint US-Israeli bombing campaign and prompted Tehran to close the Strait of Hormuz to most shipping. The agreement will be formally signed on Friday in Geneva, Swi»»»

WASHINGTON: President Donald Trump marked turning 80 on Sunday by hailing an agreement to end the war in Iran hours before a birthday celebration that once would have seemed unfathomable: a cage-fighting show on the storied South Lawn of the White House. He had been touting the emerging deal for we»»»

SINGAPORE: Oil prices ​slipped on Monday after US President Donald Trump ‌and Iran’s ‌deputy ​foreign minister ‌said ⁠they ​have reached ⁠a deal to halt the ⁠war and ‌to resume ‌traffic ​through ‌the ‌Strait of Hormuz. Brent crude futures fell $3.51, ‌or 4.02 percent, to $83.82 by 2203 ⁠GMT ⁠and US»»»

Share: Summary The U.S. and Iran have agreed on a deal to bring their nearly four-month war to an end, with both sides declaring the immediate and permanent termination of military operations on all fronts, including in Lebanon, Pakistan Prime Minister Shehbaz Sharif said on Sunday. The deal follow»»»

1 of 4 | An Iranian child carries the national flag as the Iranian flag waves atop a building on Sunday. President Donald Trump and Pakistani Prime Minister Shehbaz Shafir announced Sunday that the United States and Iran have come to a peace agreement. Photo by Behnam Tofighi/UPI | License Photo Ju»»»

Pakistan’s Prime Minister Shehbaz Sharif says US-Iran deal is now in place and mediators will facilitate a series of meetings this week. Pakistan’s Sharif also said on X that both sides have declared the “immediate and permanent termination of military operations on all fronts, including in Lebanon»»»

LONDON: British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia’s shadow fleet in a dramatic night-time operation hailed by Kyiv as a blow to Moscow’s war machine. Navy commandos boarded the ship in the English Channel by fast-roping from a helicopter in the dark, according»»»

Trump says deal reached with Iran and he has authorized that naval blockade leave Strait of Hormuz ISLAMABAD: Pakistan says the United States and Iran have reached an agreement to end the war and open the Strait of Hormuz, offering relief to the global economy more than three months since the war b»»»

RIYADH: As the US-Israeli war with Iran reverberates across the Middle East and the world, few countries have had more at stake than India. Heavily dependent on regional energy supplies, increasingly invested in maritime trade routes, and with millions of citizens living in the Gulf states, New Del»»»

A peace deal between the US and Iran will be signed on Sunday, US President Donald Trump said in a post on Truth Social. Tehran earlier denied that an agreement can be reached by Sunday, though it did not rule out a deal “in the coming days.” The two nations have been engaged in talks mediated by P»»»

June 14 (UPI) -- British forces intercepted an oil tanker from Russia's shadow fleet on Sunday, an effort the Ministry of Defense said "will disrupt [Russian President Vladimir] Putin's war chest" in the conflict with Ukraine. A release from the ministry said the operation took place in the English»»»

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 62.40 points, or 0.57 percent, to close at 11,104.42. The total trading turnover of the benchmark index was SR4.28 billion ($1.13 billion), as 199 of the stocks advanced and 62 retreated. Similarly, the Kingdom’s parallel market»»»

British forces intercepted a UK-sanctioned oil tanker accused of belonging to what has been dubbed Russia's "shadow fleet" in the English Channel on Sunday, in what the country’s defence ministry called "the first UK-led operation of its kind". British forces on Sunday intercepted a UK-sanctio»»»

Strikes on Ukraine remain a regular occurrence, but behind this show of force, the Russian army’s offensive on the front lines is showing signs of slowing down, analysts say. More than four years after the full-scale invasion began, Russian capture of Ukrainian towns are becoming increasingly rare.»»»

Dubai: Conflicting statements from Tehran, Washington and regional mediators have cast doubt over the status and timing of a proposed US–Iran peace framework, with Iranian officials signalling that no final decision has been taken on the agreement. The diverging messages highlight uncertainty over »»»

Dubai: Congress MP Shashi Tharoor has sharply criticised the United States over the killing of three Indian crew members aboard a merchant tanker in the Gulf region, calling Washington an “insensitive friend” after it declined to express regret over the deaths. The remarks come amid rising diplomat»»»

RIYADH: Moody’s Ratings affirmed the UAE’s Aa2 long-term sovereign ratings with a stable outlook, citing the country’s financial buffers, low federal debt and diversified economy despite disruption to trade through the Strait of Hormuz. The agency also maintained the UAE’s foreign-currency senior u»»»

Dubai: Young people continue to represent a cornerstone of Gulf societies, with the number of residents aged between 15 and 34 across the GCC reaching approximately 23.5 million in 2024, accounting for 38.2 per cent of the region's population, according to new data released by the Gulf Statistical »»»

Washington/Dubai, June 14 (SANA) U.S. President Donald Trump and Pakistani Prime Minister Shehbaz Sharif said on Sunday they expected a long-awaited framework agreement between Washington and Tehran to be signed soon, although Iranian officials indicated that further review of the proposal was stil»»»

London: British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia's shadow fleet in the English Channel, the defence ministry said. The six-hour operation in the early hours was supported by aircraft, including Chinook helicopters, and navy vessels such as the frigate HMS Sut»»»

The United Arab Emirates’ non-oil private sector has witnessed its most significant expansion in nine months, driven by robust demand and favorable economic conditions. According to a recent survey by S&P Global, the UAE Purchasing Managers’ Index (PMI) rose to 55.4 in December, up from 54.2 in Nov»»»

A comprehensive national project to develop all sectors. Figures and statistics have revealed the size of the various national projects carried out by the armed forces as part of the comprehensive development plan launched by President Abdel-Fattah El-Sisi. Over the past decades, these sectors have»»»

JEDDAH: Palestinian chef and restaurateur Salam Daqqaq has struck an emotional chord across the Gulf with the release of her debut cookbook, “Bint Maryam.” The owner of Dubai restaurants Bait Maryam and Sufret Maryam — both recognized with Michelin Guide Bib Gourmands — said readers have told her t»»»

LONDON: British armed forces ​on Sunday intercepted a Russian shadow fleet oil tanker attempting to pass through the English Channel. The vessel SMYRTOS was boarded by Royal ‌Marine Commandos ‌and specially ​trained ‌law ⁠enforcement ​officers from the ⁠National Crime Agency, Britain’s Ministry of »»»

Doha, Qatar: Brent crude prices fell on Friday to their lowest levels since early March as traders grew more confident about an imminent peace agreement between the US and Iran. Brent crude futures settled at $87.33, and US West Texas Intermediate crude (WTI) finished at $84.88. For the week, Brent»»»

Exactly one year ago, on June 13, 2025, the world entered a new reality. A new chapter was opened in the history of the Middle East, in the history of Iran, and in the long-running confrontation between Iran and Israel. What had spent decades unfolding as a covert, hybrid, and indirect struggle sud»»»

NAIROBI: The war in Iran is driving up jet fuel prices and worsening supply strains for African airlines, forcing carriers to review routes and raising fresh concerns about the stability of the continent’s aviation network. The African Airlines Association says the crisis has exposed its heavy depe»»»

An Iranian woman attends a rally in support of the Iranian government's negotiations to end the war with the United States at Enghelab Square in Tehran, Iran, on Friday. Photo by Behnam Tofighi/UPI | License Photo June 13 (UPI) -- President Donald Trump and Pakistan have said that a memorandum of u»»»

AMMAN — The customs clearance and freight forwarding sector processed around 395,000 customs declarations during the first five months of the year, reflecting, according to stakeholders, continued growth in trade and logistics activity across the Kingdom.According to figures released by the Associa»»»

HAVANA — Cuban President Miguel Diaz-Canel has announced greater freedoms for small businesses across the country, as the communist government takes steps to liberalize the island's economy in the face of a crippling US blockade.In a speech broadcast on national television, Diaz-Canel said Cuba wou»»»

AMMAN — The ongoing conflict in the Middle East is expected to slow global economic growth to its weakest pace since the COVID-19 pandemic, as surging energy prices fuel inflation and raise borrowing costs worldwide, according to the World Bank Group’s latest Global Economic Prospects report.The re»»»

Momentum for a deal to end the Iran war appeared to grow Saturday as key mediator Pakistan said an agreement was closer than “ever before,” while US President Donald Trump is expected to discuss demining the Strait of Hormuz at next week’s G7 summit. A senior US official, speaking on condition of a»»»

Share: Illustration- Iran’s FM is insisting that strait of Hormuz will remain under Iran’s control . Iran’s “sword will remain poised over the Strait of Hormuz indefinitely”, he said and insisted that Iran will charge service fee for using it . Iran recently changed the fee name from Toll fee to na»»»

CAIRO: Iranians are living between confusion and exhaustion as the country and its economy are squeezed between war and multiplying crises at home. US President Donald Trump said Thursday that he called off fresh strikes on Iran as he claimed a deal to end the war was imminent. Back-and-forth strik»»»

Cuba is mired in a deepening energy crisis, driven by a US oil blockade and government mismanagement. Ordinary Cubans are struggling more and more to get by. Power outages in Havana last more than 20 hours a day. https://p.dw.com/p/5FL4WAdvertisementCuba is facing one of its most severe energy cris»»»

A long-awaited agreement between the United States and Iran could be finalised within 24 hours, according to Pakistani Prime Minister Shehbaz Sharif, who said both sides are closer than ever to ending months of conflict in the Middle East. Get updated faster and for FREE: Download the Gulf News app»»»

US Secretary of State Marco Rubio is using “crude lies” to justify Washington’s continued pressure on Cuba, the island nation’s foreign minister, Bruno Rodriguez Parrilla, has said following the latest round of American sanctions. The US Department of State announced restrictions against the Cuban »»»

MOSCOW: A Ukrainian drone attack killed one person and sparked a fire at a sea terminal in the southern Russian port of Temryuk, in the Krasnodar region, governor Veniamin Kondratiev said on Saturday on the Telegram messaging app. Ukraine’s military and the SBU security service said that Ukrainian »»»

Arab Finance: The Information and Decision Support Center (IDSC) announced the prices of basic commodities and vegetables on Thursday, June 11th. The price of a kilogram of packaged rice reached EGP 34.6, reflecting a daily increase of 0.2%. Packaged flour also rose by 1.9% to EGP 25.8 per kilogram»»»

NEW DELHI: Prime Minister Narendra Modi departed for Europe on Saturday to participate in the Group of Seven Summit, where India is expected to call for unrestricted navigation through the Strait of Hormuz following US attacks on vessels carrying Indian seafarers. Modi will be visiting France and S»»»

Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world's first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion-dollar mark was reserved for measures like the GDP (or staggering debt ) of a handful »»»

The leader of the Tren de Aragua gang Héctor Rusthenford Guerrero Flores, for whom the US government had offered a reward of up to $5 million, was killed during a joint operation with the United States in southern Venezuela, the two countries announced on Friday. US President Donald Trump said Frid»»»

Tehran: The United States said it downed multiple Iranian drones targeting commercial ships in the Strait of Hormuz early Saturday, hours after both sides said a deal to end the Middle East war was closer than ever. The interception came after weeks of halting talks between Tehran and Washington, m»»»

Indian Minister of External Affairs Subrahmanyam Jaishankar said that in a conversation with US Secretary of State Marco Rubio, he expressed his strong protest over the US strikes on vessels carrying Indian sailors in the Gulf of Oman. Earlier, in connection with the incident, the Indian Ministry o»»»