Iran war: DP World boosts truck fleet as Gulf shifts to road freight
DP World's newly added fleet of 700 lorries will add up to 35,000 trips per month, supporting both domestic and cross-border trucking...
Tag : Strait of Hormuz
Save SMEs: Labour Government’s Toughest Challenge
Despite accounting for 99% of the 250,000 active manufacturing businesses in the UK, SMEs struggle to access finance...
Qatar’s logistics activities remain strong as Gulf major eyes comeback at LNG front
As per Mwani Qatar, the Gulf nation's ports welcomed 121 vessels in June 2026, marking a 21% growth compared to last May...
Kuwait’s oil output, trade rebound as US-Iran deal eases Gulf tensions
Kuwait's crude oil production rose sharply to 1.65 million bpd in June from May's ratio of 580,000 bpd, with the OPEC member also boosting its exports...
Nigeria’s Dangote refinery imports crude from UAE’s ADNOC for first time
Dangote imported one cargo of Umm Lulu crude and another of either Das or Murban crude in June, reports stated...
Boost for Iranian oil industry as US issues sweeping rollback of sanctions
The 60-day waiver, known as "General License X", has permitted Iran to produce, sell and transport crude oil and energy products till August 21...
Oman posts USD 31.5 million budget deficit in 2025, says report
As per the ministry, the deficit was 26% lower than the budgeted deficit of OMR 620 million (USD 1.61 billion), primarily due to higher energy revenues...
US-Iran peace deal: Shipping industry remains cautious on Hormuz front
The Strait of Hormuz blockade severely disrupted cargo movement across the Middle East, with many vessels being unable to enter or leave the Gulf...
Oil plunges new low amid US-Iran “peace deal,” investors remain cautious
The global energy market has lost millions of barrels of oil and gas supply due to the Iran war, as Middle East's energy facilities came under attack...
Iran war: World Bank cuts global growth outlook to 2.5%
As per the World Bank, growth could slow to just 1.3% if energy supply disruptions prove more severe and come with substantial stress in financial markets...