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
The foreign ministers of the Arab League will hold an emergency meeting on Sunday to discuss Iranian attacks on several of the group’s members, the bloc’s assistant secretary-general Hossam Zaki said.
It is dangerous to stay there until the situation in the region stabilizes
The U.S. embassy in Kuwait says it is closed until further notice, a day after smoke was rising from the mission following Iranian attacks on the country.
Iran has struck at least six U.S. military facilities around the Middle East since the United States and Israel began attacking the country on Saturday, according to a New York Times analysis of satellite imagery, verified videos and statements by U.S. military officials.
Azerbaijan has abolished visa requirements for citizens holding ordinary passports from Saudi Arabia, Oman, Kuwait, and Bahrain, the Azerbaijani State Migration Service reported.
Direct scheduled passenger service between Moscow and the Kuwaiti capital will be launched in mid-March by Kuwait Airways, according to Russia's Ministry of Transport.
Armenian and Kuwaiti business representatives have convened their inaugural bilateral business forum, focusing on technology sector cooperation prospects.
Independent travelers from Arab nations are increasingly choosing Moscow as their destination, moving beyond traditional group tours.
OPEC+ countries have increased their production quotas by over 2.7 mln barrels per day since April of this year
