Saudi Arabia
Saudi Arabia, the UAE, Qatar, Kuwait, and Bahrain are outraged by the lack of a U. S. strategy toward Iran and Trump's inconsistency. Some states question the advisability of hosting U.S. military bases.
The Mokha Port on the Red Sea suspended operations after more than 25 missile strikes killed 7 people. The damage is estimated at $16 million; the port is controlled by the Yemeni government.
The President of Turkey said that the Israeli government is using the chaos in the Middle East to push the Palestinian issue aside. He pledged support for the establishment of a Palestinian state and welcomed plans to hold elections.
Due to the threat of attacks by Yemen's Houthis, Saudi Arabia is cutting oil exports through the Red Sea, and tankers are switching off their tracking systems. Oil shipments through Egypt are increasing, reaching a record 2.17 million barrels per day.
11 civilians, including a 4-year-old child, were injured as a result of an attack by Yemen's Houthis in southern Saudi Arabia. Riyadh warned of the threat of new coordinated strikes by Iran-backed groups.
Saudi intelligence warns of possible coordinated strikes by Iraqi groups and the Houthis with Iran's support. The Kingdom promises to take all measures to counter the aggression.
The Houthis carried out missile strikes and drone attacks on Yemeni government positions, killing about 40 soldiers and injuring 30 others. The government condemned the attack and promised to respond.
China's Sinopec has increased its purchases of Russian ESPO crude oil to offset reduced supplies from the Middle East due to the war against Iran. The company purchased 30–40 cargoes of oil for delivery from July through September.
The Houthis claim that a ballistic missile hit the Saudi oil tanker Daisy, forcing it to change course. A British center confirmed an explosion near the vessel; the crew is safe.
The US, Iran, and Oman are nearing a 60-day interim agreement to restore operations in the Strait of Hormuz. The deal provides for the separation of vessel traffic and mine clearance, but requires Iran's approval.
In July, OPEC countries increased oil production by 1. 16 million barrels per day, to 19.44 million. The main growth was driven by Iraq, Kuwait, and Saudi Arabia. Supplies remain below the pre-war level due to the war with Iran.
U. S. President Donald Trump said that negotiations with Iran will resume on Monday after the cancellation of a "massive attack." He noted that allies, including Saudi Arabia, asked to cancel the strike due to a possible deal.
US President Donald Trump said that Washington could launch large-scale strikes on Iran at any time. Allies, including Saudi Arabia, the UAE and Qatar, asked to cancel the attack.
OPEC+ and allies agreed to increase oil production in September due to the impassability of the Strait of Hormuz. This is the sixth consecutive increase amid the war with Iran.
After the conflict in the White House in February 2025, relations between the presidents warmed. Ukraine provided expert assistance to the US and Persian Gulf countries in combating Iranian drones.
US President Donald Trump decided to refrain from a new strike on Iran, agreeing to the request of Tehran and other Middle Eastern countries. The terms of the agreement are the cessation of the nuclear threat and the opening of the Strait of Hormuz.
Iran's Foreign Minister stated a decisive response to possible US aggression. Iran threatens strikes on oil fields in Saudi Arabia and the UAE in case of attacks on its energy infrastructure.
Iran announced the stopping of two ships in the Strait of Hormuz, raising concerns about the stability of oil supplies. Oil prices rose by more than 1%, and Brent futures may add 23% in July.
Brent crude futures rose 1. 13% to $90.04 per barrel. IRGC stopped two tankers in the Strait of Hormuz, supporting prices.
Saudi Arabia is preparing a large-scale military operation against the Yemeni Houthis, including a naval and ground offensive. Riyadh is creating an international naval coalition of 14 states to protect shipping.
Global oil prices rose about 21% in July due to the escalation of the conflict between the US and Iran. US WTI crude is trading near $84 per barrel, while Brent is around $89.
According to Reuters, Yemeni Houthis may have attacked Saudi Arabia from Iraqi territory jointly with Iraqi groups. The coordination was carried out by the Islamic Revolutionary Guard Corps.
Gold prices rose by 0. 8% after the Fed left rates unchanged. Tensions in the Middle East exacerbate inflation risks.
The United States has begun airstrikes against Iran following a missile attack on an American base in Jordan. These are the first strikes after a pause announced by President Trump.
Iran launched missile strikes on US facilities after the US and Saudi Arabia attacked Iraqi militias, killing 20 fighters. In Egypt, two gas vessels caught fire following drone attacks.
US President Donald Trump said that the US is preparing a response to Iran's attempt to attack American troops. He emphasized that now "it's our turn" to deliver a powerful strike, despite Iran's apology.
The fire in the port of Damietta was caused by a drone strike on the American gas tanker Energos Winter. Reuters confirmed the incident, but no one claimed responsibility for the attack.
The Islamic Resistance in Iraq accused the US of attacking the PMF and pilgrims, resulting in casualties. The group set a deadline until August 7 for a response, threatening direct action.
US President Donald Trump vowed revenge for Iran's missile strike. He called the Shiite militias a "cancerous tumor" and did not rule out further actions.
Brent oil prices surged 6. 8% to $89.79 due to the resumption of US and Saudi strikes on Iran. US oil inventories fell by 3.3 million barrels, and OPEC+ may suspend production increases.