Iran says it targeted a U.S. base in retaliation for the second set of "self-defense strikes" carried out by American forces this week.

March 18 (Reuters) - Macquarie has withdrawn from ⁠bidding ⁠for a stake in Kuwait's oil pipeline network worth ⁠up to $7 billion, two people familiar with the matter said, becoming one of the first known investors to pull out of a Gulf deal due to ...

Tensions rise as Kuwait intercepts missiles from Iran, prompting U.S. condemnation of a ceasefire violation amid ongoing conflict.

Saudi Arabia is capitalizing on the Iran war's disruption of the Strait of Hormuz to advance its goals as a regional energy and logistics hub. The kingdom's existing infrastructure and strategic Red Sea ports are facilitating continued oil exports and absorbing increased trade,

Oil prices have jumped after the US carried out new attacks on Iran, targeting a military site in Bandar Abbas, a strategic port city. The US Central Command (Centcom) said its forces also shot down four Iranian drones "that posed a threat around the Strait of Hormuz".