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.
Russia aims to abolish visa requirements for citizens of Malaysia, Indonesia, and Kuwait in 2026, Director of the Department of Multilateral Economic Cooperation and Special Projects at the Russian Ministry of Economic Development Nikita Kondratyev said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
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.
There were no casualties as a result of the attack
Iran's Islamic Revolutionary Guard Corps (IRGC) said it struck "enemy bases" in Kuwait and Bahrain after U.S. drones attacked sites on Iranian territory, Tasnim News reported Saturday. The IRGC's Aerospace Force …
A passenger terminal at Kuwait International Airport has been attacked by drones and missiles launched from Iran, the Kuwaiti Civil Aviation Authority said.
Iran fired missiles at U.S. bases in Kuwait and Bahrain as the United States conducted new strikes on Iran’s Qeshm Island, Tasnim reported.
Russia is discussing the introduction of a visa-free regime with Malaysia, Kuwait and Bahrain, the Economic Development Ministry's press service said on Monday.
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.
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.
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.
Kuwait is set to resume receiving and operating flights, with its airspace now open. Flight operations are expected to resume by the end of this week.
Iran’s Islamic Revolutionary Guard Corps (IRGC) targeted the Ali Al Salem Airbase in Kuwait and Camp Victory in Iraq, as well as areas in northern and southern Tel Aviv, Haifa, Petah Tikva, and Beersheba, during its 98th wave of strikes, the IRGC press service reported.
Eight leading OPEC+ countries have decided to increase oil production by 206,000 barrels per day (bpd) in May (compared to April levels), the organization’s statement said.
Maxim Reshetnikov, the Minister of Economic Development, stated that Russia aims to expand its visa-free travel agreements with other countries.
Russia sees Saudi Arabia and other Gulf nations as good friends and would like to boost cooperation with them, Kremlin Spokesman Dmitry Peskov said.
The foreign ministers of the 12 Arab and Islamic countries, who met in Saudi Arabia’s Riyadh, described Iran’s strikes on Arab countries of the Persian Gulf as unjustified, and urged it to stop attacks in a joint communique.
Saudi Arabia, Iraq, the UAE and Kuwait have lowered their collective output by as much as 6.7 million barrels a day, Bloomberg reported citing sources.
Kuwait's oil supply will decrease globally
