
Trump faces Gulf pressure for diplomacy as world leaders gather in New York
In this week’s Fortune Gulf Brief.

In this week’s Fortune Gulf Brief.

Oil prices held near their lowest in more than two weeks today, kept in check by improving Gulf crude supplies and growing hopes for a diplomatic resolution to the US-Israeli war on Iran.

Qatar's diplomatic success with Belgium and Rwanda may enhance its influence in Gulf and US-Iran negotiations, impacting regional stability.
Country: Papua New Guinea Source: Government of Papua New Guinea Please refer to the attached file. NCD and Gulf continue to be in drought for some time now whilst Western has just transitioned to drought critical this month. El Niño is firmly established and strengthening. Forecasts show El Niño is likely to persist into early 2027. Indian Ocean Dipole (IOD) is neutral. A positive IOD may possibly develop later in the coming months. The Madden Julian Oscillation (MJO) is weak. It is likely to remain weak in the coming fortnight. NCD and Gulf remain in drought whilst Western has just transitioned to drought critical at a three months timescale. Little to no rainfall for prolonged periods in critical locations are already affecting livelihoods. Bougainville, Central, Hela, Manus, Milne Bay, Morobe and Southern Highlands continue to be in drought alert at a three months timescale. Chimbu, East New Britain, East Sepik, Eastern Highlands, Enga, Jiwaka, Madang, New Ireland, Oro, West New Britain, West Sepik, and Western Highlands are in drought watch for some time now. Significant drought impacts are possible. However, the magnitude will vary depending on the location

Aramco is preparing to reopen Yanbu to Asian buyers while pushing more crude through Hormuz than it has in a month

U.S. President Donald Trump has proposed a fund to finance infrastructure rebuilding damaged in the war with Iran, offering $5 billion in U.S. money for starters. The information comes from the Wall Street Journal, which cited unnamed sources from Washington and Gulf states. The money from the fund would also be used to help Gulf states develop alternative oil export routes bypassing the Strait of Hormuz, the report also said, adding that the United States will ask these states to also contribute to the fund, eyeing a total size of $10 billion.…

Qatari Emir Sheikh Tamim bin Hamad Al Thani told the UN General Assembly that Qatar is more than a mediator.

In this first video episode of the podcast, Alia is joined by Ibrahim Jalal, an expert on Yemen and the Gulf. Ibrahim describes the major military escalation unfolding along the Red Sea coast and the tactics used by the Houthis.

Consortium aims to unseat Carlyle, which struck deal to buy Russian group’s international business in January

Qatar's diplomatic push may bolster US-Iran peace talks, impacting regional stability and global markets amid ongoing Gulf tensions.

Sheikh Tamim says years of delayed diplomacy led to the US-Israeli war on Iran.
Saudi pipeline flows resume, but soaring freight and diesel prices signal persistent oil market tightness. Oil Freight Costs Explode as Gulf Risk Traps the VLCC Fleet - The ultimate showdown of the US-Iran conflict seems to be unfolding in the freight market as costs of VLCC tankers continue to push higher into uncharted territory, with stranded Gulf vessels triggering a worldwide shortage of long-haul ships. - For shippers eager to risk a voyage into the Persian Gulf, reward was never sweeter – daily earnings on a Gulf-to-China route soared…

Washington, Tehran and the Gulf states continue to pursue different objectives while searching for a way to end the Iran war.

Gulf leaders arrive at the United Nations General Assembly facing urgent questions about Iran, Houthi threats and Gaza's future amid shifting alliances.

In today’s newsletter: Intelligence chiefs warn that Russia’s appetite for risk is growing, as sabotage and other covert attacks target countries supporting Ukraine Good morning. As the UN general assembly kicks off in New York later today, we anticipate a heavy focus on the ongoing conflicts in Iran, Ukraine and the Gulf – as well as the inevitable body language analysis of Andy Burnham’s first in-person meeting with Donald Trump. But another related conflict is likely to dominate informal discussions: the intensifying acts of sabotage on European states that are believed to trace back to Russia but deliberately fall below the threshold for military response – a so-called hybrid or “shadow war” with the singular purpose of disrupting support for Ukraine. Yemen | The UK has agreed to provide defensive air support to Saudi Arabia to help counter Houthi fighters and restore stability in the Middle East while driving down the cost of living at home, Andy Burnham has said, ahead of his first meeting with Donald Trump. Environment | The “jaw-dropping” El Niño currently heating up the planet has burst through the highest temperature ever recorded for the phenomenon, several months before its expected peak. Gaza | Israeli and UK military commanders could be requested to give evidence to an inquest concerning three British aid workers killed in Gaza when aid vehicles they were travelling in were hit by an airstrike. US | After President Trump’s snap decision to ban CNN from the White House, the four other networks that comprise the White House’s TV pool decided they would cease their pooled coverage of the president. Slavery | Bones of the enslaver Edward Colston are likely to remain interred in a church in Bristol if and when the currently unused building is given a new lease of life as a community resource, it has emerged. Continue reading...

The U.S. fund could shift Gulf energy dynamics, reducing Strait of Hormuz reliance and potentially stabilizing regional tensions with Iran.

With 17% of Qatar’s LNG export capacity disabled and Gulf shipments disrupted, buyers arrived at Gastech looking for gas from somewhere else. Organizers valued the agreements announced or advanced in Bangkok at an estimated $60 billion, including a 20-year U.S. LNG contract and a 35-year production agreement in the Gulf of Thailand, while proposed projects in Argentina, Timor-Leste and Tanzania drew interest from buyers and investors. Energy prices pulled back sharply on Monday, with oil falling below $100 per barrel for the first time in…

Environmental groups vow to continue opposition to deal that would expand site for Elon Musk rocket company A federal judge on Monday refused to block the Trump administration from giving SpaceX more than 700 acres of wildlife refuge as part of a land swap in Texas, while environmental groups vowed to continue their legal challenge. US district judge Fernando Rodriguez Jr declined the plaintiffs’ request for a preliminary injunction to prevent the parcel exchange, saying they failed to prove it would worsen ecological risks to a Gulf coast region already transformed by billionaire Elon Musk’s rocket operations. Continue reading...