Persian Gulf
Coverage of Persian Gulf in the Nexus archive.
- Funeral prayers in Iraq for Iranian supreme leader commence after body arrives in holy city
Funeral prayers for Iran’s late Supreme Leader Ayatollah Ali Khamenei began in Najaf, Iraq, with thousands of mourners. His body arrived in Najaf alongside Iranian officials and will later move to Karbala before returning to Iran. Tensions between the U.S. and Iran persist amid ongoing strikes in the Persian Gulf.
- Japan’s Inpex Signs 15-Year Deal to Buy Persian Gulf LNG
Japan’s Inpex has signed a 15-year deal to purchase LNG from the Persian Gulf. Abu Dhabu National Oil Co. plans to start shipping LNG from the Ruwais plant in 2028.
- Navy Ends Search for Missing Crew Member After Arabian Sea Helicopter Crash
The U.S. Navy has ended the search for a missing crew member following a helicopter crash in the Arabian Sea. The military suspended the search for the crashed MH-60 Seahawk helicopter in the Persian Gulf.
- Flight 655 bombing: Iran UN Mission says US' culture of impunity continues
Iran's UN mission and deputy foreign minister accused the United States of fostering a 'culture of impunity' by failing to accept responsibility for the 1988 downing of Iran Air Flight 655, which killed 290 civilians including 66 children. The mission criticized the U.S. for decorating the crew responsible and refusing to apologize, linking this to ongoing U.S. actions like the Minab missile strike that killed 168 schoolchildren.
- ‘We are pawns’: Indian sea captain fears for other seafarers still stuck in Persian Gulf
An Indian sea captain was stuck on an oil tanker in the Persian Gulf for over two months during the U.S. and Israel-Iran war. He warns that thousands of mariners remain at risk and lack proper recognition.
- UN chief and Iran foreign minister hold phone call on regional situation
UN chief António Guterres and Iran's foreign minister held a phone call discussing regional and international developments, including the situation in the Persian Gulf and Sea of Oman. Iranian Ambassador to the UN Amir-Saeid Iravani criticized US military bases in the Gulf for causing instability.
- As Hormuz opens, oil markets are awash in supply
The oil market faces a sudden oversupply as millions of stranded barrels from the Persian Gulf enter global markets, pushing prices to their lowest since the US-Iran war began. Morgan Stanley and Goldman Sachs have cut price forecasts, citing high US exports and low Chinese imports as key factors.
- Hormuz Traffic Climbs as Supertankers Sail Into Persian Gulf
Traffic through the Hormuz Strait has increased as supertankers navigate into the Persian Gulf. A cargo ship was observed near the Khor Fakkan Container Terminal in the Gulf of Oman.
- Iran’s president says $6B in frozen assets in Qatar to be released as US talks challenged
Iran’s president announced that $6 billion in frozen Iranian assets held in Qatar will be released, as U.S.-Iran negotiations face challenges due to recent attacks in the Persian Gulf. The attacks, including drone and missile strikes on vessels near Oman, have disrupted shipping through the Strait of Hormuz, triggering a global energy crisis.
- Iran’s president says $6B in frozen assets in Qatar to be released as US talks challenged
Iran’s president announced $6 billion in frozen Iranian assets held in Qatar would be released, amid challenges to U.S.-Iran negotiations over an interim deal. Recent attacks in the Persian Gulf, including strikes on vessels near Oman, have disrupted shipping through the Strait of Hormuz and drawn U.S. retaliation, complicating diplomatic efforts.
- Oil prices rise, stock futures inch higher as U.S. and Iran trade more airstrikes
Oil prices rose and U.S. stock-index futures advanced as the U.S. and Iran continued exchanging airstrikes in the Persian Gulf, raising concerns about the potential shutdown of the Strait of Hormuz.
- 'Is the Gulf Persian or Arabian? Or both?'
The article questions whether the Gulf should be referred to as Persian, Arabian, or both. It references a satellite view of the Persian Gulf as part of the discussion.
- Shipping giant says stranded vessels have left Gulf after Hormuz closure
Hapag-Lloyd confirmed all vessels stranded in the Gulf following the temporary closure of the Strait of Hormuz have safely departed the region. The company attributed the decision to a security assessment and consultations with authorities, citing security reasons for withholding further details.
- Oil prices near pre-war levels as shipping ramps up on Strait of Hormuz
Oil prices are approaching pre-war levels as increased shipping activity resumes through the Strait of Hormuz following the U.S.-Iran agreement. The agreement's stability has led to a decline in oil prices with more ships moving in and out of the Persian Gulf.
- Oil prices near pre-war levels as shipping ramps up on Strait of Hormuz
Oil prices are approaching pre-war levels as shipping activity increases through the Strait of Hormuz. The U.S.-Iran agreement appears to be holding, leading to a decline in oil prices with more ships navigating the Persian Gulf.
- Adnoc LNG Tanker Appears in Persian Gulf as Transparency Returns
Adnoc’s Umm Al Ashtan LNG tanker has signaled its location near the company’s Das Island export plant in the Persian Gulf as regional security improves and transparency returns.
- Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
Oil prices fell as investors anticipated improved global crude supplies, with tankers stranded in the Persian Gulf beginning to exit the Strait of Hormuz. The decline erased previous wartime gains in oil prices.
- Oil prices drop on moves to unblock Persian Gulf crude supplies
Oil prices fell as efforts to unblock Persian Gulf crude supplies succeeded, increasing the flow through the Strait of Hormuz. The move eased supply concerns, leading to continued price declines.
- Watch: International Maritime Organisation to evacuate thousands of stranded seafarers in Persian Gulf
The International Maritime Organisation (IMO) plans to evacuate thousands of stranded seafarers in the Persian Gulf as shipping activity is restored following the U.S.-Iran peace agreement and reopening of regional sea lanes.
- Oil tankers with 35 million barrels exited Persian Gulf through Strait of Hormuz since Iran deal
Oil tankers carrying 35 million barrels of oil have exited the Persian Gulf through the Strait of Hormuz since an Iran deal. The threat level for ships passing through the Strait of Hormuz has been downgraded to 'moderate.'
- Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says
Over 11,000 seafarers stranded in the Persian Gulf will begin evacuating through the Strait of Hormuz under a plan supported by Iran and the U.S.
- Qatar says gas export terminal blast killed 13 as workers tried to resume operations
An explosion at Qatar's Ras Laffan gas export terminal killed 13 workers and injured 66 others as operations resumed after Iranian attacks disrupted production. The blast, described as accidental by Qatari officials, occurred at the Barzan gas facility, a key site for natural gas used in regional energy and desalination projects.
- Explosion as Qatar restarts gas export terminal hurts 54 and leaves 18 missing
An explosion at Qatar's Ras Laffan industrial area injured 54 people and left 18 missing as workers attempted to restart operations at the Barzan gas supply facility following Iranian attacks. The incident could disrupt global energy markets, as Qatar is a major natural gas producer.
- Can Ships in the Gulf Take Trump at His Word?
The article discusses the uncertainty surrounding Trump’s deal and how it affects ships deciding when to leave the Persian Gulf. It highlights the challenges ships face in navigating the situation.
- The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
The Strait of Hormuz is set to fully reopen under a U.S.-Iran agreement, but energy flows may take until 2027 to normalize due to disrupted supply chains, rerouted tankers, and lingering insurance and safety risks. Global oil supplies lost 2 billion barrels in three months, prompting reserve draws and rationing, with markets facing prolonged constraints despite the reopening.
- U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
U.S. Energy Secretary Chris Wright claimed 7 million barrels of oil daily are exiting the Persian Gulf due to U.S. military support, but Chevron CEO Mike Wirth disputed the figure, citing smaller volumes. The Strait of Hormuz remains partially operational amid the Iran war, with Saudi Arabia and the UAE diverting oil via pipelines, creating a 14 million-barrel-per-day gap in typical flows.
- US and Iran are close to a deal to end their war, officials say
The United States and Iran are nearing an agreement to end their war, which includes terms for removing Iran's nuclear material and reopening the Strait of Hormuz. U.S. and Iranian officials, including President Donald Trump and Foreign Minister Abbas Araghchi, have indicated progress, though a final deal remains pending.
- Middle East: UN chief warns of risk of 'full war'
UN Secretary-General Antonio Guterres has warned of a potential 'full war' in the Persian Gulf amid escalating tensions and attacks between the US and Iran.
- Blasts heard in Iran's Qeshm Island
Explosions were reported on Qeshm Island, located in Iran's Daraghan Province. The island, the largest in the Persian Gulf, is situated in the Strait of Hormuz.
- Iran foreign minister vows that no US attack or threat will be left 'unanswered'
Iranian foreign minister Abbas Araghchi warned that Iran's armed forces will respond to any US hostility, stating 'no attack or threat will be left unanswered.' He urged the US to 'leave our region' and referenced historical precedents of outsiders facing dire consequences in the Persian Gulf.
- Quds Force chief announces ‘security belt’ from Hormuz to Red Sea
Quds Force chief Esmail Qaani announced a new 'security belt' of the Axis of Resistance stretching from the Strait of Hormuz to Bab el-Mandeb and the Persian Gulf to the Red Sea. He highlighted growing coordination among Iran-aligned groups and warned of collective responses to Israeli and US actions in the region.
- Iran says 'new security belt' will stretch across key sea routes
Iran's Quds Force commander Ismail Qaani announced a 'new security belt' of allied forces across critical maritime routes, including the Strait of Hormuz and Bab al-Mandab, warning the US and Israel of a unified response to further attacks. The statement links the alignment to counter Israeli and US military actions, emphasizing the threat to regional stability and global shipping.
- The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
The global airline industry's profits are projected to halve to $23 billion in 2026 due to rising fuel costs and flight rerouting caused by the Iran war. Airlines serving the Persian Gulf and those with weaker balance sheets face the greatest impact, with fuel prices expected to rise 70% year-over-year.
- US Jobs Report Is a Gut Check for Bond Traders
The US Jobs Report is being closely watched by bond traders as stocks and bonds rise amid hopes for a peace deal between the US and Iran, despite military strikes in the Persian Gulf.
- Trump Thinks His Administration Is ‘Like Pirates’
Trump compared his administration to pirates, citing U.S. military actions in the Persian Gulf, Pacific, and Caribbean. The article criticizes these actions as lawless and lacking legal justification, with over 200 people killed but no significant impact on the cocaine trade. Senator Mike Lee proposed commissioning privateers to combat drug trafficking.
- Ships stranded in Persian Gulf quietly coordinate with U.S. Navy to exit Hormuz
Ships stranded in the Persian Gulf are coordinating with the U.S. Navy to exit Hormuz. Clashes between the U.S. and Iran over commercial ships occurred earlier this week.
- New forecasts lay out 2 rocky paths for global economy
New forecasts show two possible economic paths due to the Iran war: a modest slowdown if the conflict ends soon or a severe global hit if it persists, leading to slower growth and higher inflation. The OECD highlights vulnerabilities in energy markets, AI investments, and supply chains as critical factors shaping these outcomes.
- Report: Disruption of Mideast energy supplies into next year would slam global economy
The OECD warns that prolonged energy supply disruptions from the Middle East due to the Iran war could severely impact the global economy, with Asian economies and poorer countries facing recession, inflation, and higher unemployment. The report highlights that a 90% reduction in shipping through the Strait of Hormuz has disrupted 20% of global crude oil and gas supplies, slowing growth to 1.8% in 2027 under a prolonged disruption scenario.
- Report: Disruption of Mideast energy supplies into next year would slam global economy
The OECD warns that prolonged disruption of Middle East energy supplies due to the Iran war could severely harm the global economy, causing recessions, inflation, and higher unemployment. Asian economies reliant on Persian Gulf energy and poorer countries spending more on fuel would be hardest hit, with global growth slowing significantly.
- Iran war: US and Iran trade fire amid stalled talks
The US and Iran exchanged fire in the Persian Gulf amid stalled peace efforts. The violence marks a flareup in tensions between the two nations.