Iran war cost Arab economies $150bn in the first month alone, UN official says
Meanwhile, Trump says: “Do I want to go in and annihilate them, or do I not? It’s a big decision....
Geostrategy
Saudi Arabia calls Makkah security ‘Red Line’ after Houthi drone intercepted
Hormuz shipping traffic meanwhile fell to four, while US lawmakers again seek to curb military action as Iran war costs...
Geostrategy
Geostrategy
Khamenei laid to rest in Mashhad as clashes persist, Hormuz traffic recovers
Khamenei's flag-draped coffin was carried into the Imam Reza shrine in his hometown of Mashhad, where state television said he...
- Japan says 22 linked vessels exited the Gulf since Tuesday as LNG tankers increasingly resumed Strait of Hormuz transits.
- Diesel export curbs in Russia and limited refining capacity continue supporting fuel prices despite easing crude market volatility.
Geostrategy
US strikes Iran during Khamenei funeral despite promised pause
Attacks hit southern Iran as funeral rites for the slain supreme leader continued in Iraq, prompting Tehran to accuse Washington...
- US military said strikes hit more than 80 targets after accusing Iran of attacking three commercial vessels in the Strait of Hormuz.
- Iran vowed a crushing response, saying the attacks violated the memorandum and warning only its designated Hormuz shipping route remained safe.
Geostrategy
Missile attack sets tanker ablaze off Oman as US blames Iran
The latest incident follows weeks of escalating tensions over a US-backed maritime corridor through Omani territorial waters, a route Iran...
- In Lebanon, President Joseph Aoun said he expects to visit the White House before the end of July for talks with US President Donald Trump.
- Separate reports said more than 600,000 Lebanese remain unable to return to their homes because of continuing Israeli military operations.
Geostrategy
Funeral procession for Khamenei begins, mourners carry anti-US and anti-Israel messages
Organizers said the procession is expected to last between 10 and 12 hours along a roughly 10-kilometre route passing through...
- The procession had begun from Tehran's Grand Mosalla mosque, where Khamenei's body had lain in state for two days.
- Ayatollah Ali Khamenei was killed on February 28 in US-Israeli air strikes that launched the conflict between Iran and Israel.
Geostrategy
OPEC+ agrees fresh August output hike as Gulf oil production slowly recovers
The producer group approved another increase of 188,000 barrels per day for August, signaling confidence that Gulf oil output can...
- Gulf output remains well below pre-war levels despite improving shipping through Hormuz.
- Analysts say restarting shut-in production will take time, while 2027 quota talks could test OPEC+ unity.
Geostrategy
Funeral prayers offered for Khamenei, family members amid cries for revenge
The prayers were attended by President Masoud Pezeshkian, senior military commanders and members of Khamenei's family, although his successor, Mojtaba...
- The funeral programme will continue with a mass procession through Tehran on Monday before ceremonies in other cities.
- Tehran’s metro network has registered more than 7 million passenger trips from 5:30pm (14:00 GMT) on Saturday to 7am (03:30 GMT) on Sunday.
Geostrategy
Mourners stream into Tehran for Khamenei farewell amid calls for ‘revenge’
The funeral of Iran's assassinated supreme leader has drawn mourners and foreign delegations from more than 100 countries, with Tehran...
- Red flags symbolising demands for revenge were prominently displayed during the funeral ceremony.
- More than 5,000 schools have been opened to accommodate pilgrims travelling to Tehran for the funeral.
Business
Adani, Abu Dhabi’s IRH to invest $11.5bn in Odisha aluminum project
Dubai, UAE -- Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, have agreed to establish...
- The integrated complex will include an alumina refinery, aluminium smelter, captive power plant and downstream manufacturing park.
- The investment is expected to create 53,500 jobs and become India's largest foreign investment in the metallurgy sector.
Geostrategy
Iran begins funeral ceremonies for Khamenei as Tehran prepares for massive show of unity
Millions are expected to gather in the Iranian capital over the coming days, with senior regional leaders attending ceremonies that...
- New IRGC chief Ahmad Vahidi makes his first public appearance since before the war.
- Officials estimate that between 15 million and 20 million people could participate in the ceremonies across Tehran.
Geostrategy
Iran warns US, Israel against attacks as Khamenei funeral preparations begin
The warning came as US-Iran diplomacy remained on track after Doha talks. Iran's deputy foreign minister said the Doha negotiations...
- Trump says Iran's denuclearisation effort is "moving along well" after indirect Doha talks showed positive progress.
- Tehran schedules nationwide funeral ceremonies through July 9 as foreign leaders prepare to attend Khamenei's state funeral.
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Iran war cost Arab economies $150bn in the first month alone, UN official says
Meanwhile, Trump says: “Do I want to go in and annihilate them, or do I not? It’s a big decision....
Geostrategy
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Iran warns states joining US sanctions would be deemed ‘enemies’
Tehran says Washington’s campaign could deepen nuclear insecurity, while Trump renews his claim over the Strait of Hormuz.
Geostrategy
Iran calls new US sanctions ‘declaration of war’ against all countries
US president Donald Trump, meanwhile, says he views the Strait of Hormuz as 'an American territory' and Iran 'cannot be...
Geostrategy
Hormuz ship crossings halve as Iran war disrupts energy flows
No very large crude carriers or liquefied natural gas tankers were among the vessels recorded. One very large gas carrier...
Geostrategy
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Geostrategy
Trump says no Iran talks as Israeli strikes on Syria draw condemnation
Iranian Foreign Minister Abbas Araghchi said Iran was seeking an end to the war and rejected the idea of a...
- Turkey and Egypt reject Israel’s justification for the strikes, while the United Nations urges an immediate end to attacks.
- Hormuz traffic falls further as Iran maintains demands for lifting sanctions and blockade before the waterway can reopen.
Geostrategy
UAE defense ministry says ‘missile threat towards country’ detected
The Ministry said if any sounds are heard, they are the result of air defense interceptions and "affirmed its full...
- The ministry urged the people to "kindly follow warnings and updates issued through official channels".
- Meanwhile, US President Donald Trump claimed the Strait of Hormuz as American territory as peace talks with Iran falter.
Geostrategy
Trump rejects Iran deal extension as regional tensions mount
The US president says Iran will not make the deal he considers necessary, while Washington declines to extend the expired...
- Tehran condemns a drone attack in Iraqi Kurdistan, warns companies supporting US operations and faces renewed tensions around Hormuz.
- US envoy Kushner said his meeting with Hamas had been “very cordial” and that the group could begin disarming soon.