The European Union (EU) will urge members to cut their dependence on Middle Eastern jet fuel and look into increasing imports from the US, in new guidelines expected next week, an official source told Reuters, as the Iran war disrupts global supply.
INTECH secured a contract for the design, engineering, procurement, integration, and testing of multi-wellhead shutdown systems for gas modular skids for a leading NOC in the Middle East.
Iran has announced that commercial shipping through the strategically vital Strait of Hormuz will remain fully open for the duration of the current ceasefire, signalling a potential easing of tensions in one of the world’s most critical energy corridors.
Gas and oil sites are among the most vital and high-risk pieces of critical infrastructure. This is especially true for the Mena region, which produces 30 per cent of the global oil supply and 17 per cent of the global gas supply, while having to account for active security risks and vulnerabilities that most of the world never considers.
Asia's biggest liquefied petroleum gas (LPG) importers, including India and China, are racing to replace disrupted Middle East supplies with cargoes from the Americas, driving spot premiums to record highs, analysts and traders said.
Majid Al Futtaim, a leading shopping mall developer and retail and leisure pioneer in the region, said it is deepening its strategic alliance with Alshaya Group, one of the world’s leading brand franchise operators, for a bold new wave of store openings across its regional portfolio.
Global markets are set to close the first week of March under the growing influence of geopolitical risk stemming from the Middle East conflict. One of the most visible market responses has been the sharp appreciation of the US Dollar which climbed to a three-month high, said an expert.
Oman has reinforced its position as one of the Middle East’s most compelling tourism destinations with a strong and strategic presence at ITB Berlin 2026, leveraging the world’s largest travel trade platform to deepen partnerships, showcase its diverse tourism offerings and consolidate Germany’s place as a key European source market.
India's GAIL said it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over constraints on vessels as conflict escalates in the Middle East.
The duration of the aviation disruption following the joint Israel-US strike on Iran and its subsequent attacks on countries in Gulf region, will be fundamental to determining the implications for affected sectors, including airlines, airports, lodging and lessors, said an expert.
