Middle East | News

President Volodymyr Zelensky stated that 201 Ukrainian military experts are currently deployed in the Middle East and Gulf region, helping to defend against Shahed drones, with another 34 specialists ready for deployment.

Spot premiums for Middle East crude grades Oman and Dubai have soared to ​all-time highs even as trade slumps due to the US and Israeli war on Iran, with some ‌traders arguing that the benchmarks have lost relevance due to supply disruption. The surge in the benchmarks, used to price millions of barrels of Middle Eastern crude bound for Asia, is pushing up costs for Asian refiners, forcing them to seek alternatives or reduce output further in coming months. Cash Dubai’s premium to swaps jumped ​to $56 a barrel on Monday, compared with an average of 90 cents in February, data from S&P Global Platts and Reuters showed. ​The premium accounts for about a third of the grade’s value, assessed at $153 a barrel by Platts ⁠for May-loading cargoes, versus $111.76 for Murban futures. Dubai prices are distorted, given its wide price gap with Murban, three trade sources said. Similarly, ​the premium for Oman crude futures to Dubai swaps hit a record near $51 a barrel on Friday, far above February’s 75 cents average. Middl...

War in the Middle East is disrupting the flow of critical medicines to the Gulf, imperilling supply routes for cancer drugs and other treatments that require refrigeration and forcing companies to reroute flights and find overland access into the region, industry executives said. The conflict, sparked by US and Israeli attacks on Iran two weeks ago and broadened by Iranian strikes around the region, has knocked out key air transit hubs and closed shipping routes, snarling the movement of goods for many products from medicines to food and oil. While there are few signs yet of major shortages, that could change if the conflict drags on, some executives said. The Gulf relies heavily on imports and some medicines have short shelf lives and need strict cold-chain storage, making lengthy overland shipping less practical. Executives at Western drugmakers said they were seeking alternative routes into the Gulf and trucking some drugs overland from airports like Jeddah and Riyadh in Saudi Arabia. Other options were Is...

Former Coinbase CTO says the crypto industry should build more financial tools for refugees and stateless people as conflicts and migration increase worldwide. Tech investor and former Coinbase chief technology officer Balaji Srinivasan has called on the crypto industry to develop more financial tools for refugees and stateless people. In a Saturday post on X, Srinivasan said the number of displaced individuals could grow as global conflicts intensify and economic migration increases. He pointed to examples ranging from Ukrainians fleeing war to workers leaving the Gulf countries amid regional tensions. “We should build more crypto tools for refugees and stateless people,” Srinivasan wrote, suggesting that blockchain-based systems can provide financial infrastructure when traditional institutions fail or become inaccessible. Read more

The US and Israel’s war against Iran has led to sporting events being postponed in the region, while competitions elsewhere have been hit by travel disruption, with thousands of flights cancelled in some of the world’s busiest transit hubs. Bahrain and Saudi F1 races set to be cancelled Next month’s Bahrain and Saudi Arabian Formula One Grands Prix are set to be cancelled due to the Middle East conflict. Multiple sources told Reuters an announcement, seen within the sport as just a matter of time, was expected with a March 20 deadline looming for freight that has to be transported to Bahrain for logistical reasons. Trump says inappropriate for Iran to be at World Cup US President Donald Trump said on March 12 that Iran’s soccer team were welcome to take part in this year’s World Cup but that he believed it was not appropriate they be there “for their own life and safety”. Iran have qualified for the 48-team tournament to be held in the US, Canada and Mexico from June 11 and are scheduled to play two group mat...

The USS Tripoli, USS New Orleans, USS San Diego and the embarked 31st MEU are reportedly heading to the Middle East in support of Operation Epic Fury.

The armed escalation in the Middle East, which has involved many countries, demonstrates that the world is facing a global conflict, as Russia is helping its ally Iran, including with drones, while Ukrainian specialists are assisting the United States and its partners in countering unmanned aerial vehicles.

It is important to prevent the war in the Middle East from escalating further, but at the same time, we cannot ignore the fact that the regime in Iran is a terrorist regime.

Flight operations between Pakistan and the Middle East are gradually stabilising after being severely disrupted by the ongoing conflict involving Iran, the United States and Israel, aviation sources said on Friday.

President Volodymyr Zelensky said that Ukrainian specialists are already working in the Middle East, sharing their experience in combating “Shaheds.” Partners are satisfied with this cooperation.

The Foreign Ministries of Ukraine and Poland jointly evacuated 16 Ukrainian citizens from the Middle East to Warsaw.

Prime Minister Shehbaz Sharif departed for Saudi Arabia on Thursday to meet Crown Prince Mohammed bin Salman and discuss escalating tensions in the Middle East following the ongoing conflict involving the United States, Israel and Iran.

Pakistan has reiterated its commitment to stand alongside Saudi Arabia, highlighting the deep-rooted strategic relationship between the two nations as tensions rise in the Middle East.

Ukraine has sent three fully equipped teams to assist in countering Shahed drones in the Middle East.

ISLAMABAD: Senior officials of the Ministry of Foreign Affairs (MoFA) on Tuesday assured the National Assembly Standing Committee on Overseas Pakistanis that there was no situation requiring a mass evacuation of Pakistani nationals from the Middle East. The head of the MoFA’s Crisis Management Cell gave a detailed briefing to the NA committee about the number of Pakistanis stranded in various Middle Eastern countries due to the ongoing conflict and about the efforts being made to repatriate them. In the meeting, presided over by PPP MNA Syed Agha Rafiullah, the committee members expressed their serious concerns over the manifold increase in airline fares, particularly by Pakistan International Airlines (PIA). The ministry official informed the committee that Pakistanis were facing fuel shortages and transport problems in various countries, adding that the absence of public transport had created further difficulties for them. “Gulf missions reported large registered populations but comparatively manageable eva...

Oil prices fall after topping $119 a barrel on Monday Trump predicted the war in the Middle East could be over soon G7 ready to act on oil surge but holds off tapping reserves Oil prices plummeted 7 per cent on Tuesday after soaring to a more than three-year high in the previous session as US President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies. Brent futures were down $6.75, or 6.8pc, to $92.21 a barrel at 10:12 GMT, while US West Texas Intermediate (WTI) crude was down $6.41, or 6.8pc, to $88.36 a barrel. Both contracts fell as much as 11pc earlier. Volumes in Brent dropped to about 213,000 contracts, the lowest amount since February 27, just before the start of the conflict. Volumes in WTI fell to 212,000, the lowest since February 20. Oil surged to more than $119 barrel on Monday to its highest since mid-2022 as supply cuts by Saudi Arabia and other producers stoked fears of major disruptions to global supplies. Prices late...

Law Minister Azam Nazeer Tarar on Tuesday called on the media to exercise caution when discussing matters related to Pakistan’s foreign policy amid escalating tensions in the Middle East, citing “unease” voiced by “friendly countries”. He made the remarks while addressing a press conference alongside Information Minister Ataullah Tarar and Minister of State for Interior Tallal Chaudry. The press conference came against the backdrop of conflict in Iran, which has been embroiled in a war with the United States and Israel since the latter’s February 28 strikes, prompting retaliatory strikes from Iran on neighbouring countries, which house US bases. Taking note of the recent escalation in the Middle East following US-Israeli attacks on Iran, the minister stressed the need for caution in the “narrative on these matters on social media, electronic media, and print media”. “As a nation, we must keep in mind that when expressing our views, we have to keep the constitution and Pakistan’s foreign policy under considera...

Flights from Pakistan to the Middle East continued to face disruptions on Tuesday amid ongoing regional tensions, leading to multiple flight cancellations.

It’s estimated that roughly 1,800 crypto companies operate in the United Arab Emirates, employing more than 8,600 people in various roles. Crypto exchange Bybit has reaffirmed its commitment to the Middle East amid escalating global conflict, announcing the appointment of a new country manager to increase its presence in the Middle East and North Africa (MENA) region. Tensions in the Middle East escalated last month after the US and Israel launched strikes on Iran. In response, Iran retaliated against several neighboring countries, including the United Arab Emirates (UAE), the United Arab Emirates (UAE), where Bybit maintains a major regional presence. Helen Liu, co-CEO of Bybit, said the company has no plans to scale back its Middle East operations in light of the conflict. Read more

Iranian Foreign Minister Abbas Araghchi confirmed Tehran’s military cooperation with Russia during the US and Israeli operations in the Middle East.