live Fresh attack on Strait of Hormuz shipping raising fears of oil supplies
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the ...
Conflicting messages emerged from Iran about its response to a U.S. peace offer reportedly delivered to it by Pakistan on Wednesday (25 March). Meanwhile, Tehran's government unveiled its own counterproposal to end the conflict.
Unnamed Iranian sources gave conflicting statements to the media about a 15-point U.S. peace plan that was reportedly delivered to Iran by Pakistan. While an unnamed Iranian official told Iranian state media that Iran had rejected the U.S. proposition, another unidentified official later told Reuters that the proposal was still under review.
Both unnamed sources indicated that Tehran’s opinion of the U.S. proposal wasn’t "positive." Pakistani sources said that Iran had yet to formally reply to Washington’s proposal.
Meanwhile, Iran presented its own proposition for ending the conflict, which included a complete halt to what it called “aggression and assassinations” and payment of compensation.
Five Gulf states and Jordan demanded that the Iraqi government take action to stop Iran-aligned militias within the country from carrying out attacks on neighbouring states, in a joint statement on Wednesday.
The six countries said the attacks were a "blatant violation" of international law, adding that they reserved the right to respond in "self-defence" to the assaults.
The statement, signed by Bahrain, Kuwait, Jordan, Qatar, Saudi Arabia and the United Arab Emirates also condemned the activities of "Iran-alligned sleeper cells" within the region, mentioning Hezbollah.
In another sign of Iraq's entanglement in the conflict, Iraqi Prime Minister Mohammad Shia-al Sudani summoned the U.S. Chargé d'Affaires in Baghdad over attacks on Iraqi military units.
France’s Finance Minister Roland Lescere struck a cautiously optimistic note about the country’s energy situation, amid the shortfall of oil and gas triggered by the Middle East conflict.
After a cabinet meeting, Lescere said that France was “better prepared” and “less exposed” than European neighbours.
German Chancellor Friedrich Merz sounded less positive, saying that the government was unable to "offset every price" rise connected to the Iran conflict in Europe’s largest economy.
The travel ban in the two Gulf states entered its 26th consecutive day, due to the Middle East conflict. Transit of aircraft to third countries is also prohibited in the airspace of the two countries. Bahrain allows special flights from Manama Airport to neighboring Saudi Arabia along the shortest corridor.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia’s outbound travel market could surge from around $35 billion to more than $60 billion by 2030-2034, driven by a young generation of high-spending travellers and intensifying competition among global destinations.
Uzbekistan’s first permanent contemporary art institution has opened in a historic 1912 building in Tashkent, transforming a former tram depot and diesel power station into a new cultural hub for the region.
Uzbekistan plans to introduce a new Heritage Impact Assessment system to shield historic cities and cultural heritage sites from the potential impact of construction and infrastructure development. Digital tools will also be used to manage tourist numbers and limit visitors where necessary.
Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to deepening its partnership with the Gates Foundation, with talks spanning polio eradication, health, financial inclusion and digital development.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
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