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May 2, 2026 12:34 PM

US bypasses congressional review for military sales of $8.6 billion to Middle East allies

U.S. President Donald Trump's administration has bypassed congressional review to approve military sales totaling over $8.6 billion to Middle Eastern allies Israel, Qatar, Kuwait and the United Arab Emirates. The State Department announcements on Friday came as the U.S. and Israel's war against Iran marked nine weeks since its start and more than three weeks since a fragile ceasefire came into effect. The State Department said U.S. Secretary of State Marco Rubio determined that an emergency...

April 28, 2026 3:36 PM

EXPLAINER-The Hormuz digital chokepoint: How does the Iran war threaten subsea cables?

Iran warned last week that submarine cables in the Strait of Hormuz were a vulnerable point for the region's digital economy, raising concerns about potential attacks on critical infrastructure. The narrow waterway, already a chokepoint for global oil shipments, is equally vital for the digital world. Several fibre-optic cables snake across the seabed of the strait, connecting countries from India and Southeast Asia to Europe via the Gulf states and Egypt. WHAT MAKES UNDERSEA CABLES IMPORTANT?...

March 29, 2026 12:03 PM

Ukraine and Qatar sign defence cooperation agreement during Zelenskiy visit

Ukraine and Qatar have signed a defence cooperation agreement during Ukrainian President Volodymyr Zelenskiy’s visit to Doha, as both countries discussed regional tensions and ways to strengthen bilateral ties. Zelenskiy met Qatar’s Amir Sheikh Tamim bin Hamad Al Thani at Lusail Palace on Saturday, where the two leaders reviewed regional and international developments, including escalating tensions in the region and the ongoing conflict in Ukraine. Qatar’s Defence Ministry said the agreem...

March 25, 2026 2:41 PM

QatarEnergy declares force majeure after missile strikes

QatarEnergy has declared force majeure on several long-term liquefied natural gas supply contracts following Iranian missile strikes on key facilities at Ras Laffan Industrial City. The disruption is expected to affect buyers in South Korea, China, Italy and Belgium. Iranian missiles struck Ras Laffan on March 18 and 19, damaging two LNG production trains and a gas-to-liquids facility. The attacks triggered fires and knocked out about 17 % of Qatar’s LNG export capacity ,roughly 12.8 million ...

March 20, 2026 11:56 AM

Global oil prices fall up to 3% as US signals possible easing of Iran sanctions

Global oil prices declined on Friday after the United States signalled a potential easing of sanctions on Iranian crude, amid efforts to stabilise supplies and ensure smooth shipping through the Strait of Hormuz. Brent Crude futures fell as much as 3.39 per cent to an intra-day low of $104.96 per barrel, while West Texas Intermediate (WTI) crude declined 3.22 per cent to $92.47, also touching an intra-day low. The drop in oil prices followed remarks by US Treasury Secretary Scott Bessent, who ...

March 20, 2026 10:28 AM

EU leaders call for moratorium on strikes against energy and water facilities in Middle East

European Union leaders called on Thursday for a moratorium on military strikes on energy and water facilities in the Middle East, amid growing concerns about the impact of the Iran war on the global economy. "The European Council calls for de-escalation and maximum restraint, the protection of civilians and civilian infrastructure and full respect of international law by all parties," the leaders of the EU's 27 countries said in written conclusions of a summit in Brussels. "In this regard, it ...

March 20, 2026 10:17 AM

Trump calls for Japan, NATO to ‘step up’ on Iran as oil prices bite

President Donald Trump on Thursday urged Japanese Prime Minister Sanae Takaichi to "step up" as he pressed allies for more support over the war with Iran and rising oil prices, while defending the secrecy of the campaign by invoking Japan’s surprise attack on Pearl Harbor. Trump, who greeted Takaichi with hugs at the White House, heaped praise on the leader of Washington's closest ally in East Asia during an Oval Office meeting where the expected topics of discussion included tense relations ...

March 20, 2026 10:15 AM

Netanyahu wants oil, gas to flow through Israel post-Iran war

Prime Minister Benjamin Netanyahu said on Thursday he believes pipelines should be built to transport Middle East oil and gas across the Arabian Peninsula and up to Israeli ports to avoid threats by Iran in the Hormuz Strait and other Gulf waters. A day after Israel attacked Iran's main gas field in a sharp escalation of the U.S.-Israeli war on Iran, Netanyahu told a press conference that Tehran no longer has the capacity to enrich uranium, a claim that has been contested by the U.N.'s nuclear ...

March 20, 2026 10:12 AM

US may remove sanctions on Iranian oil stranded in tankers, Bessent says

The U.S. may soon remove sanctions on Iranian oil stranded on tankers at sea, Treasury Secretary Scott Bessent said on Thursday as Washington seeks to curb prices soaring over Iran's closure of the Strait of Hormuz. "In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels," Bessent told Fox Business Network's "Mornings with Maria" program. He said the release of the sanctioned Iranian oil into global supplies would help keep oil prices down for...

March 20, 2026 10:30 AM

Trump tells Israel not to repeat strikes on Iranian energy as crisis deepens

U.S. President Donald Trump said on Thursday he had told Israel not to repeat its attacks on Iranian natural gas infrastructure as tit-for-tat strikes on energy plants sent energy prices spiralling, sharply escalating the U.S.-Israeli war on Iran. Trump's comment came as energy prices jumped on Thursday after Iran responded to an Israeli attack on a major gas field by hitting Qatar's Ras Laffan Industrial City, which processes around a fifth of the world's liquefied natural gas, causing damage ...