Persian Gulf nations will invest in a $300 billion Iran reconstruction fund, while the US will not participate but will control business dealings through licensing. Sanctions relief is contingent on a final agreement.
Ukraine is struggling to defend against Russian ballistic missile attacks due to a shortage of Patriot interceptors, The New York Times reported. Production of these missiles by Lockheed Martin is slow, and demand has surged, particularly from Middle Eastern countries.
Arab and Gulf nations condemned Iran's repeated attacks on Kuwait, Bahrain, and Jordan, calling them a violation of sovereignty and a threat to regional security. Saudi Arabia also announced the resumption of Lebanese exports after Lebanon met drug smuggling control standards.
Arab and Gulf nations, including Saudi Arabia, the GCC, Kuwait, Qatar, UAE, and Egypt, strongly condemned repeated Iranian attacks targeting Kuwait, Bahrain, and Jordan, denouncing them as violations of sovereignty and threats to regional security. They urged de-escalation and diplomatic solutions.
Following US strikes on Iran, Jordan, Bahrain, and Kuwait intercepted Iranian missiles and aerial targets. The US cited Iran downing an Apache helicopter as justification for its "self-defense strikes" near the Strait of Hormuz, escalating regional tensions.
Persian Gulf nations are questioning the US's reliability as a security partner following recent military operations against Iran and an escalation of conflict, Al-Monitor reported. A drone attack on Kuwait International Airport, attributed to Iran, further fueled these concerns.
Iran fired missiles at Kuwait and Bahrain, while the US struck Qeshm Island. Tensions in the Gulf have escalated amid ongoing conflict between Iran and the US, raising fears of renewed full-scale fighting.
Gulf states are urging the US to degrade Iran's missile and drone capabilities after a recent war, fearing ongoing regional instability. Despite a ceasefire, Iran's neighbors remain suspicious, impacting diplomacy, trade, and infrastructure. Analysts suggest a tactical reduction in hostility, not full reconciliation, is likely.
Gulf nations Qatar, Saudi Arabia, and UAE convinced Trump to delay a planned attack on Iran, opting for diplomacy. Meanwhile, US probes corruption in Ukraine and Russia-China deepen ties.
Some Gulf countries were unaware of the US's planned attack on Iran until President Trump announced its postponement. Leaders from Qatar, Saudi Arabia, and UAE convinced Trump to pursue diplomacy, while other Gulf officials expressed surprise.
OPEC oil production dropped to a 35-year low of 20.18 million barrels per day in April 2026, largely due to a 45% decline in Persian Gulf countries' output since the Middle East conflict began, according to the International Energy Agency.
Qatar warned Tehran on Tuesday against using the Strait of Hormuz as a "weapon" to hold Gulf states to ransom, as Doha and Ankara backed ongoing mediation efforts to end the Iran war and restore access to the vital waterway.
The UAE's announcement of its departure from OPEC after 60 years represents a significant geopolitical fracture within the Gulf, driven by longstanding tensions with Saudi Arabia over oil quotas and regional strategy, as well as frustration with the response to Iranian attacks. The move weakens an already declining cartel that once controlled half the world's oil output but now accounts for only about a quarter.
According to Mauricio Esteves, the situation points to a deep crisis within OPEC among Persian Gulf countries
Aditya Dhar's 'Dhurandhar 2: The Revenge' maintains strong box office momentum on its 37th day, reaching a worldwide gross of Rs. 1,766.06 crore and aiming to surpass all-time domestic and global records.
Hossein Vafaei, Iran's first professional snooker player, begins his World Championship campaign on Wednesday while grappling with anxiety over the conflict in his homeland. The 31-year-old, known as the 'Persian Prince', admits it's difficult to focus due to the bombardment that began with US and Israeli strikes on February 28. Despite his family being safe, Vafaei describes the emotional toll as 'very, very hard' and says he is 'fighting as well for my country' as he faces China's Si Jiahui in his first-round match.
Chinese customs data reveals dramatic trade disruption with Iran: imports fell 48% year-on-year while exports plummeted 90%. Across the broader Middle East, exports to eight Persian Gulf economies dropped 57% and imports declined 33%. The Strait of Hormuz closure curtailed crude flows, with China's oil imports from Gulf countries down 25% in March. Analysts warn the strait has become a permanent geopolitical lever with security premiums unlikely to ease even after any ceasefire.
ADDIS ABABA: The number of migrants who died on the “Eastern Route” from the Horn of Africa to the Arabian Peninsula doubled to a record high of 922 last year, the UN migration agency said Wednesday. Tens of thousands of migrants from Ethiopia, Somalia and neighboring countries take the route across the Red Sea each year, mostly from Djibouti to Yemen, in search of work as laborers or domestic workers in wealthy Gulf countries.
