Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

US to bolster presence in Gulf after Iran threat, says White House

There have been repeated Iranian threats, arm seizures and attacks against commercial shippers, US NSC spokesman said. (AFP / HO / IRANIAN ARMY OFFICE)
  • US National Security Council spokesman John Kirby said Iran has "harassed, attacked or interfered" with 15 internationally flagged merchant vessels over the past 15 years.
  • "The United States will not allow foreign or regional powers to jeopardize freedom of navigation through the Middle East waterways including the Strait of Hormuz, he said.

WASHINGTON, US –  The United States said Friday it was sending reinforcements to the Gulf after what it called increasing harassment by Iran of ships in the oil-rich waters.

“The Department of Defense will be making a series of moves to bolster our defensive posture” in the Gulf, National Security Council spokesman John Kirby told reporters, saying there would be “details on those reinforcements in coming  days.”

Kirby said that Iran, which has tense relations with the United States – although it has recently been repairing ties with Arab neighbors – has “harassed, attacked or interfered” with 15 internationally flagged merchant vessels over the past 15 years.

“We’ve seen repeated Iranian threats, arm seizures and attacks against commercial shippers who are exercising their navigational rights and freedoms in international waters and strategic waterways of the region,” Kirby said.

“The United States will not allow foreign or regional powers to jeopardize freedom of navigation through the Middle East waterways including the Strait of Hormuz,” he said, referring to the narrow chokepoint into the Gulf.