TEHRAN — Iran’s Persian Gulf Strait Authority, activated on May 5, does not administer a toll — it administers a 40-question intelligence-collection
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DHAHRAN — Brent crude’s 9% single-session collapse on May 6 — driven by a leaked one-page MOU framework that neither government has
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ANKARA — Four foreign ministers, three formal meetings in ten weeks, one nuclear-armed signatory, and a combined 1.9 million troops under arms
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DHAHRAN — The memo of understanding being negotiated between Washington and Tehran offers a thirty-day window to resolve the conditions under which
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RIYADH — Abbas Araghchi flew to Beijing on Tuesday not to negotiate but to dictate. By the time Donald Trump steps onto
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{“content”: “ WASHINGTON u2014 The United States has offered Iran a one-page, 14-point memorandum of understanding that accepts what Washington spent three
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TEHRAN — Iran formally launched the Persian Gulf Strait Authority on May 5, 2026, a uniformed bureaucracy with a domain name (PGSA.ir),
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BEIJING — Wang Yi told Abbas Araghchi to reopen the Strait of Hormuz on Tuesday, and Iran’s foreign ministry, posting its own
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RIYADH — Mohammed bin Salman has reportedly offered the United States roughly $100 billion in direct war financing, full normalization with Israel,
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ABU DHABI — Iranian forces struck the United Arab Emirates for the second consecutive day on May 5, launching 15 missiles and
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{“content”: “ RIYADH u2014 Saudi Arabia’s first-quarter budget deficit of SR125.7 billion, disclosed by the Ministry of Finance on May 5, consumed
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BEIJING — Iranian Foreign Minister Abbas Araghchi landed in Beijing on May 6 for his first face-to-face with Chinese Foreign Minister Wang
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WASHINGTON — Trump told NBC on May 4 that “complete dismantlement” of Iran’s nuclear programme is “all I’d accept” — and the
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TEHRAN — Iran’s “Hormuz first, nuclear later” proposal — formally embedded in the 14-point plan submitted to Washington on May 2 —
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WASHINGTON — Defense Secretary Pete Hegseth and Gen. Dan Caine, Chairman of the Joint Chiefs of Staff, confirmed on May 5 that
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FUJAIRAH — Iran struck the Fujairah Oil Industry Zone for the second consecutive day on May 5, shutting down the 922,000-barrel-per-day ADNOC
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{“content”: “ Saudi Arabia’s Economy Is Recovering. That Is the Problem. n RIYADH u2014 Saudi Arabia’s non-oil purchasing managers’ index rose to
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Table of Contents The Numbers That Cannot Be Spoken Aloud How Did Aramco Post Record-Adjacent Profits on 30% Less Oil? Anatomy of
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TEHRAN — Abbas Araghchi’s statement on May 5 contained two propositions that Western correspondents treated as contradictory: Pakistan’s mediation is “making progress,”
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RIYADH — Saudi Arabia condemned “in the strongest terms” Iran’s ongoing strikes against the UAE on May 5, with Crown Prince Mohammed
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WASHINGTON — Project Freedom’s first operational day on May 4 produced a military transit and a diplomatic catastrophe in equal measure. Two
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RIYADH — Two competing coalitions are trying to reopen the Strait of Hormuz — the American one with guided-missile destroyers and the
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ABU DHABI — Iran struck the VTTI terminal at Fujairah on May 4, the same morning the US Navy launched Project Freedom
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{“content”: “ REPLACED OK n DHAHRAN u2014 At $114 per barrel, Brent crude sits three dollars above Saudi Arabia’s fiscal break-even and
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DUBAI — Major General Ali Abdollahi, commander of Iran’s Khatam al-Anbiya Central Headquarters, warned on May 4 that “any foreign military force,
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DUBAI — Iran struck an Abu Dhabi state oil company tanker with two drones in the Strait of Hormuz on Sunday, the
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