Egypt defeated New Zealand 3-1 in a second-round group stage match of the 2026 FIFA World Cup, Spain has defeated Saudi-Arabia 4-0 in round 2, Uruguay and Cabo Verde played out a 2-2 draw in a second-round group stage match.
Russia said it is lifting its advisory urging citizens to avoid travel to Gulf countries, following a U.S.-Iran memorandum of understanding aimed at ending military conflict and de-escalating tensions in the region.
Iran tied with New Zealand, Saudi Arabia tied with Uruguay, while Belgium and Egypt also played to a draw in a FIFA World Cup group stage matches.
Turkish President Recep Tayyip Erdogan welcomed an agreement reached between the United States and Iran, describing it as an important step toward securing peace and stability in the region.
Seven OPEC+ countries have decided to increase their oil production quotas by 188,000 barrels per day (bpd) in July, thus bringing the alliance's total quota for July to 35.83 million bpd, excluding overproduction compensation for countries violating the OPEC+ deal, OPEC said.
Iranian assets could be made available to Persian Gulf countries to cover damage already inflicted by the Islamic Republic — or any future harm it may cause. Which assets are involved, however, has not yet been disclosed.
A potential peace deal with Iran should provide for signing the Abraham Accords on normalizing relations with Israel by a number of countries, including Iran, U.S. President …
Iraqi Prime Minister Ali al-Zaidi directed that necessary measures be taken against those involved if it is proven that Iraqi territory was used as a launching pad for attacks against Saudi Arabia and the UAE.
Saudi Arabian officials have urged Tehran to seize the opportunity presented by the USA to address conflicts through diplomatic channels.
Freight rates on the Shanghai to Gulf and Red Sea route hit record highs this week, surpassing even the peaks reached during the Covid-19 pandemic, Financial Times reported, citing sources.
Many EU countries have supported a Saudi initiative to conclude a non-aggression pact between Iran and other Middle Eastern nations, viewing the proposal as the best way to prevent future conflicts in the region.
A visa-free travel arrangement between Russia and Saudi Arabia took effect on Monday.
Saudi Arabia refused to support Washington's Operation Project Freedom to help ships go through the Strait of Hormuz because the U.S. had failed to notify Riyadh of the initiative in advance, NBC News reported, citing U.S. officials.
The United States has submitted to the UN Security Council a draft resolution on protecting freedom of navigation in the Strait of Hormuz, under the pretext of combating an alleged threat emanating from Iran.
Seven key OPEC+ members (Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman and Algeria) have decided to raise oil output quotas by 188,000 barrels per day (bpd) in June, the group said in a joint statement.
The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the UAE seeing a drop in petrodollar income, Bloomberg reported.
The Russian Foreign Ministry noted a mutual increase in tourist flow between the countries
The United Arab Emirates exit from OPEC would be painful for the oil cartel, undermining Saudi Arabia’s ability to influence global oil prices through it, the Canadian newspaper The Globe and Mail said.
Iran’s Islamic Revolutionary Guard Corps (IRGC) is prepared to damage undersea internet cables lying on the seabed of the Strait of Hormuz, a move that could trigger severe economic consequences for the countries of the Middle East.
Saudi Arabia is demanding that the US stop blocking the Strait of Hormuz and return to the negotiating table with Iran, The Wall Street Journal reported, citing sources.
