KUWAIT POWER CRISIS
Why the US is moving diplomats out of the Middle East as fears of Iranian attacks grow amid rising tensions with Tehran
The United States is cutting back on diplomatic staff in the Middle East amid increased threats from Iran. Recent intelligence assessments indicate potential plots against American representatives that have reached advanced stages. This decision follows warnings about renewed military action, which could escalate tensions further in the region. Non-essential personnel are being evacuated from various countries, including Saudi Arabia and the UAE.
Bangladesh PM Rahman to highlight Rohingya, climate issues in maiden UNGA address
Bangladesh Prime Minister Tarique Rahman will address the UN General Assembly on September twenty-fourth. He will highlight the Rohingya crisis and his government's democratic agenda. Climate change concerns for vulnerable nations will also be a key focus. Rahman will seek international support for Rohingya repatriation to Myanmar. Bilateral meetings will cover economic relations and development cooperation.
Oil prices are high but could be much worse. Trump has China's Xi to thank for that
China's vast oil reserves and reduced imports helped stabilize global prices. This strategy mitigated the impact of the ongoing conflict in the Middle East. The nation's energy self-reliance plan proved effective in weathering market volatility. While tensions persist, China's actions softened price increases for many nations. This approach is seen as a vindication of President Xi's long-term energy strategy.
Operation Epic Fury: IG report reveals $33B war costs, loss of multiple F-15E Strike Eagles, and diplomatic strain
Months of bombing and missile attacks on Iran are yet to yield any substantive gains to the US. While President Donald Trump has on several occasions claimed that the American military is winning the war, Iran has time and again bounced back to hit US bases in the Middle East. The Strait of Hormuz remains a strategic chokepoint, hitting the crude trade and world economy.
Centre pushes states to speed up PNG adoption, seeks district-level officers to drive LPG-to-gas transition
The Petroleum Ministry is urging states to appoint district-level officers for PNG adoption. This move aims to accelerate the transition from LPG to piped natural gas for households. PNG offers a safer and cleaner cooking fuel, reducing logistical burdens. The government is implementing regulations to prevent dual connections in PNG-available areas. This initiative strengthens India's energy transition and supply chain resilience.
'No substitute': Kuwait's future tied to Hormuz strait fate
Kuwait's oil exports have plummeted due to the ongoing war and Strait of Hormuz closure. The nation faces its biggest crisis since the 1990 invasion, impacting its economy significantly. Kuwait Petroleum Corporation declared force majeure after drone strikes hit its headquarters. The country's economy contracted by 4.6 percent in the first quarter of 2026. Restoring oil production hinges on the safe reopening of the vital shipping lane.
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Pakistan can hit an oil jackpot amid a widening US-Iran war
Gulf states are seeking military partnerships with Pakistan amid regional tensions. Pakistan could gain oil and investment while deepening ties with Arab nations. This strategic shift complicates Pakistan's role as a mediator with Iran. The country faces challenges in fulfilling extensive military commitments to multiple nations. Pakistan must balance economic gains against potential long-term regional adversaries.
Kuwait says Iran attacked a power and water desalination plant, causing widespread damage
Kuwait said an Iranian attack damaged a power and water desalination plant, triggering a fire and widespread damage to electricity generation units. Authorities extinguished the blaze and are assessing the damage, as the disruption threatens water supplies in the desert nation, which relies heavily on desalination.
Pakistan eyes Gulf-backed oil reserve hub at Gwadar amid Strait of Hormuz tensions
Pakistan is encouraging Persian Gulf oil producers to establish crude reserve buffers at its planned Energy City near Gwadar Port. This initiative aims to create strategic reserves for emergency use, as Pakistan currently lacks such buffers. Kuwait has already shown interest in this proposal, which also includes LNG and LPG terminals.
Israel-Iran war: Downed planes spell new peril for Trump as Tehran hunts missing US pilot
Iran is searching for a missing American pilot after two warplanes were shot down. Two airmen have been rescued. The incidents highlight ongoing risks for US and Israeli aircraft over Iran. The conflict, now in its sixth week, has caused thousands of deaths and threatens the global economy. US President Donald Trump has threatened further attacks on Iran's infrastructure.
Trump says Iran deal may be reached 'soon'
US President Donald Trump said Sunday that the US-Israel war against Iran has achieved regime change and a deal could be reached "soon" with Tehran. Trump, citing the number of Iranian leaders who have been killed in the month-long US-Israeli war against Iran, said regime change has already been achieved and the new leadership is "much more reasonable".
Saudi Aramco boss pulls out of major international energy conference due to Iran conflict, source says
Saudi Aramco CEO Amin Nasser has cancelled his appearance at the CERAWeek energy conference in Houston. He is staying in Saudi Arabia due to the ongoing Iran conflict. This decision highlights the serious challenges he faces. The conflict has disrupted global markets and targeted energy infrastructure. Other energy leaders are also altering their attendance plans.
Why the Social Security crisis may leave American retirees worse off than in developing nations
Social Security crisis: American retirees face a concerning future. Their Social Security benefits may soon fall behind those in many other nations. This is due to rising living expenses and projected cuts to Social Security by 2034. Decades of budget deficits have worsened the situation. Retirees in countries like Ecuador and Colombia could soon have greater purchasing power than Americans.
'Stateless overnight': Kuwait strips tens of thousands of citizenship
Kuwait is revoking the citizenship of tens of thousands of people, primarily women naturalized through marriage, under the guise of reform. This policy, spearheaded by the emir, aims to reshape Kuwaiti identity by restricting nationality to those with blood ties, potentially reducing the electorate after political turmoil.
Kuwait cracks down on cryptocurrency mining amid power crisis
Kuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, as authorities seek to ease pressure on the grid before the start of a sweltering summer.
Kuwait cracks down on cryptocurrency mining amid power crisis
Crypto mining activities "constitute an unlawful exploitation of electrical power ... and may cause outages affecting residential, commercial and service areas, posing a direct threat to public safety", the ministry said. Kuwait has banned cryptocurrency trading but has no laws specifically addressing mining.
Saudi provides $240 million for Pakistan hydro-power dam
The project will "contribute to Pakistan's energy security, increase sustainable water supply for agriculture and human consumption and improve resilience to floods," Pakistan's economic affairs ministry said in a statement.
Ex-premier's graft case a test of justice in oil-rich Kuwait
Kuwait's justice system is testing government pledges to hold ministers accountable for $790 million gone missing from the Defense Ministry fund years ago.
Kuwait swears in new government amid mounting crises
Prime Minister Sheikh Sabah Al-Khaled Al Hamad Al Sabah swapped out four ministers whose selections had angered various lawmakers for less contentious, veteran politicians, an apparent gesture to appease parliament.
Saudi Arabia to lift Qatar embargo, easing the Gulf crisis
Qatar's only land border has been mostly closed since mid-2017, when Saudi Arabia, Egypt, the United Arab Emirates and Bahrain launched a blockade against the tiny Gulf state, accusing it of supporting Islamist extremist groups and of having warm ties with Iran.
Kuwait emir tells parliament: reform needed, stop disputes
Emir Sheikh Nawaf al-Ahmad al-Sabah took the reins in September following the death of his brother at a time the wealthy OPEC member state is facing a severe liquidity crunch due to low oil prices and the coronavirus crisis.
Kuwait: oil-rich Gulf monarchy with active politics
Kuwait, a member of the Organization of Petroleum Exporting Countries (OPEC), earns around 90 percent of its income from oil. Like other Gulf countries it has been hard hit by the fall in crude prices since mid-2014 and at the start of the year adopted a deficit budget for the sixth year in a row.
Kuwait's late emir body flown home as his successor is sworn in
A Kuwaiti government Airbus A340 bearing his remains landed in the capital, where the authorities blocked roads to allow passage of a convoy to the Bilal bin Rabah Mosque for funeral prayers before the burial.
Kuwait's emir Sheikh Sabah al-Ahmad Al-Sabah dies at age 91
"With great sadness and sorrow, we mourn... the death of Sheikh Sabah al-Ahmad al-Jaber Al-Sabah, Emir of the State of Kuwait," said Sheikh Ali Jarrah Al-Sabah, the minister in charge of royal affairs, in a televised statement.
Kuwait, Saudi Arabia not to supply oil to Pakistan on long-term credit
Troubled by circular debt and high intnl oil prices, Pak had requested the two Arab countries to extend their credit term for oil payments.
Regulators agree tighter watch over big financial firms
A global regulatory body said on Wednesday it had agreed a broad plan to tighten supervision of big banks and financial firms blamed for triggering the 2008-2009 financial crisis.
UAE, Oman unlikely to rejoin Gulf union now
Gulf Arab oil exporters will move closer to a unified currency when their rulers meet on Monday in Kuwait, which promised to seek the return of the United Arab Emirates and Oman to the monetary union plan.
Dubai crisis impacts over two lakh Indian workers: Assocham
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Saudi Arabia, UAE pour $10 bn into banking system
The global crisis has hit Gulf after 6 years of high oil prices allowed state & investors to funnel billions of dollars. How bailout adds up | 2008: Year of global crisis
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