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Kuwait news and analysis and around the world at KuwaitTimes.com. Politics, Business, Sports, Lifestyle, and in-depth reporting.
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News
Iran, Gulf countries to discuss Hormuz
14+ hour, 14+ min ago (230+ words) Kuwait Times Iran, Gulf countries to discuss Hormuz TEHRAN: Iran’s foreign ministry said the country would meet with Gulf states in Oman on Monday to discuss the strategic Strait of Hormuz, which the Islamic republic has blockaded during the Middle…...
Saudis shut down oil pipeline
14+ hour, 20+ min ago (649+ words) Kuwait Times Saudis shut down oil pipeline ADEN: Saudi Arabia has shut down its East-West pipeline after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher. The world’s…...
ECB raises interest rates to fight off inflation jump
2+ day, 17+ hour ago (434+ words) Kuwait Times ECB raises interest rates to fight off inflation jump FRANKFURT: The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely…...
Oil prices flare as Iran tightens grip on Hormuz
2+ day, 18+ hour ago (538+ words) kuwaittimes.com Oil prices flare as Iran tightens grip on Hormuz TEHRAN: Oil prices hovered above $100 a barrel on Thursday, a day after Iran said it attacked more than a dozen vessels trying to pass through the Strait of Hormuz....
Iran, US hit tankers as war escalates
3+ day, 17+ hour ago (308+ words) Iran would soon release maps of a new, much larger off-limits zone at sea that would extend as far as the Arabian Gulf off Chabahar on the far reaches of Iran’s coast near Pakistan, the Guards said. Recent days have…...
Protesters urge S Korea to stay out of Iran war
3+ day, 17+ hour ago (240+ words) SEOUL: Dozens of South Koreans urged their government on Wednesday not to deploy troops to the strategic Strait of Hormuz, slamming what they called Washington’s “illegal war”. The protest came a day after South Korean defense authorities said they had…...
Kuwait crushes 21 tankers used in diesel theft
4+ day, 19+ hour ago (220+ words) Kuwait Times Kuwait crushes 21 tankers used in diesel theft KUWAIT: Twenty-one tankers and trucks seized for use in the theft of state-subsidized diesel have been crushed on the directives of First Deputy Prime Minister and Minister of Interior Sheikh Fahad…...
Oil nears $100 as Middle East war flares
4+ day, 22+ hour ago (210+ words) LONDON: World oil prices rallied on Tuesday, once more closing in on $100 a barrel, and stock markets mostly retreated owing to a flare-up in the Middle East war. The yen spiked as investors ramped up bets on the Bank of…...
ECB set to hike interest rates as Iran war flares
5+ day, 18+ hour ago (355+ words) FRANKFURT: The European Central Bank is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation. Some of the heaviest clashes in weeks in the US-Iran…...
Chipmakers lift Asian markets as US inflation looms
6+ day, 4+ hour ago (433+ words) A fresh bout of tit-for-tat US-Iran strikes at the weekend pushed oil higher and added upward pressure to inflation expectations. After July's rout of AI-linked firms, dealers have been edging back into the sector, confident that the vast sums invested…...