#uaegcc-expansion

#uaegcc-expansion

We could provide mine-clearance vessels we are good at that, Merz said, adding that a sound legal basis would be needed for such an intervention.

Nearly half of firms (48%) expected turnover to grow over the next 12 months in the first quarter of the year, up from 42% in the final quarter of 2025.

A 'workable system' of transit and shipowner confidence in the security of the transiting vessels is essential. This includes availability of insurance for transiting vessels, facilitating commercial trade financing, and sustained outbound vessel transits through the Strait of Hormuz.

In less than 36 hours since the blockade was implemented, U.S. forces have completely halted economic trade going into and out of Iran by sea. This blockade has effectively brought Iran's economy to a standstill, as it relies heavily on international maritime trade.

The IEA sees global oil demand falling by 80,000 barrels per day this year, compared with a projected year-on-year rise of 640,000 bpd in its previous monthly report.

The level of economic cooperation between South Korea and India is still very low. Going forward, we will expand that space and make the relationship between South Korea and India completely different from what it is now.

Growing up in a small village in Lebanon taught me resilience and adaptability. Those qualities have influenced my character and my approach to design and decision-making.

U.S. average gasoline prices may not return to pre-Iran war levels under $3-per-gallon until next year, Energy Secretary Chris Wright said Sunday morning. But prices have likely peaked, and they'll start going down, certainly with a resolution of this conflict, you'll see prices go down.

We are closely monitoring the developments in the Middle East and the potential implications for our business. At this stage, we have temporarily suspended deliveries in the area, while managing few deliveries via airplane.

The ongoing conflict between the US and Israel against Iran is creating significant challenges for Gulf Arab nations, which are already feeling the economic strain from rising tensions and instability in the region.

Only recently, Environment Minister Carsten Schneider of the center-left Social Democratic Party (SPD) traveled to Saudi Arabia; shortly thereafter, Economy Minister Katherina Reiche of the center-right Christian Democratic Union (CDU) arrived and explained why: "When partnerships that one has relied on for decades begin to become a little fragile, we must look for new partners." Partners, for example, in energy and armaments projects. Reiche signed a Memorandum of Understanding with the Saudi Arabian Energy Minister and posted the news on X.

The Ministers strongly condemned the unjustifiable Iranian attacks against the GCC countries which threaten regional and global security and called on Iran to cease immediately its attacks, they said in a joint EU-GCC statement. The statement also reaffirmed that Gulf countries have the right to take all necessary measures to defend their security and stability and protect their territories, citizens and residents.

Qatar's minister of state for foreign affairs, Mohammed bin Abdulaziz Al Khulaifi, speaks with Talk to Al Jazeera, as the Gulf faces its most dangerous escalation in years after coming under Iranian drone and missile attacks. Al Khulaifi condemns Iran's aggression, warns that attacks on energy infrastructure threaten global markets, and argues that Gulf security is inseparable from global stability.

The global impact of the Gulf countries is not limited to oil. This region is a hub of the international economy and if it decides to focus on its defense and to start pulling investments and to stop its [economic] engagement with the international community, the effect will be felt in every household in the world.

Maritime traffic through the strait, the narrow channel linking the Persian Gulf with the Gulf of Oman, has effectively been closed since strikes on Iran began. Some vessels have been diverted or delayed and ports and shipping companies are dealing with heightened security concerns and uncertainty.

UITP is closely monitoring geopolitical developments in the Gulf region in advance of the 2026 Summit, next month in Dubai. Over the past few days, we have remained in ongoing contact with the relevant authorities and our 2026 local hosts, the Roads and Transport Authority (RTA), as we carefully assess the situation in real time.