Hundreds of people, including children and teachers, have died in Iran, Lebanon, and Israel following US and Israeli bombings. Iran launched retaliatory attacks, and Hezbollah shelled Israel.
Ukrainian Foreign Minister Andriy Sybiha condemned Iran's attack on the US embassy in Saudi Arabia. He stated that Ukraine stands in solidarity with the Kingdom and the United States, and Iran must be held accountable.
In Ukraine, fuel prices rose by 5% due to news of oil supply problems from the Persian Gulf. However, according to an analyst, the price increase is unlikely to continue.
Iran continues to strike US allies in the Middle East, with over 700 people reported dead in Iran and six American servicemen. The US has urged its citizens to leave the region immediately.
Russian dictator Vladimir Putin is trying to position himself as a mediator between Iran and the Persian Gulf states. This is happening against the backdrop of a US-Israeli operation against Iran.
The US State Department has urged Americans to leave Middle Eastern countries immediately due to serious security risks. The list includes Bahrain, Egypt, Iran, Iraq, Israel, and Saudi Arabia.
Ukrainian President Volodymyr Zelenskyy has offered Middle Eastern countries experts on shooting down Iranian drones. This will happen if the leaders of these countries convince Vladimir Putin to agree to a month-long truce in the war against Ukraine.
The conflict in the Middle East has led to a sharp jump in oil prices due to the risks of volume loss and transit problems. This could lead to an increase in fuel prices in Ukraine.
Qatar has halted LNG production after two Iranian drones attacked its energy facilities. Israel and Iran exchanged new strikes, and drones were intercepted over Cyprus and the UAE.
Saudi Arabia's state oil giant Saudi Aramco has shut down its Ras Tanura refinery after a drone strike. This happened after Tehran launched strikes in the region in response to the US and Israeli attack on Iran.
A fire broke out at the Saudi Aramco oil refinery in Saudi Arabia after a suspected drone strike and has been brought under control. An oil refinery in Kuwait was hit by debris, injuring two workers.
Residents of the Persian Gulf countries awoke to explosions after night attacks, in which Hezbollah intervened in the conflict. Explosions were recorded in Dubai, Abu Dhabi, Doha, Bahrain, Lebanon, Israel, Kuwait, Iran, and Cyprus.
OPEC+ is considering an emergency expansion of oil production to 411,000 or 548,000 barrels per day to stabilize the market. Saudi Arabia and the UAE are already increasing export capacities due to possible supply disruptions.
The IRGC announced the launch of new waves of strikes on US logistical and naval facilities. The attacks covered bases in Kuwait, Iraq, Saudi Arabia, and vessels in the Indian Ocean.
Ukraine expresses solidarity with the Middle Eastern countries affected by Iran's attacks. The Foreign Minister condemned Iran's criminal policy and called for support for the Iranian people.
Iran's Islamic Revolutionary Guard Corps told ships that passage through the Strait of Hormuz is not permitted. The Strait of Hormuz is the world's most important oil export route.
Iran launched strikes on US military bases in Bahrain, Qatar, UAE, and Kuwait, as well as on the USS Abraham Lincoln aircraft carrier. This was in response to a joint US-Israeli military operation against Iran.
Saudi Arabia strongly condemned Iran's actions and violations of the sovereignty of several countries, calling on the international community to resist. The country is ready to provide allies with all capabilities to support any measures against Iran.
Chinese refiners are actively buying Russian oil, replacing India as the main buyer. Russian crude oil supplies to China rose to 2.09 million barrels per day in February.
India imports the largest amount of crude oil from Saudi Arabia in over six years as the US pressures it to reduce purchases of Russian oil products.
Donald Trump claims that his diplomatic actions stopped an armed conflict between India and Pakistan. He personally intervened by holding telephone conversations with the leaders of both countries.
US President Donald Trump opened the first meeting of the Peace Council, calling it his most important undertaking. He welcomed world leaders, including representatives from Saudi Arabia and Hungary.
Donald Trump announced the attraction of over $5 billion from the founding countries of the Peace Council for humanitarian needs and infrastructure restoration in Gaza. The funds will be finalized on February 19 in Washington.
Trump informed Netanyahu of his support for Israeli strikes on Iran if no deal is reached with Tehran. The US is considering options for assistance, including refueling and overflight permits.
Turkish Foreign Minister Hakan Fidan stated that the country might join the nuclear race due to concerns about Iran's nuclear ambitions. Ankara does not wish to disrupt the fragile balance of power in the region but may be forced to do so.
Algeria has initiated the procedure to terminate its air service agreement with the UAE, which has been in effect since 2013. This move is a consequence of a prolonged diplomatic crisis and accusations of UAE interference in Algeria's internal affairs.
Cristiano Ronaldo is dissatisfied with the internal processes in the Saudi Arabian league and believes his team is losing support. The option of an early end to his career in Saudi Arabia is being discussed.
Oil prices rose more than 1% after a fall, but are heading for their first weekly decline in almost two months. Investors are focused on US-Iran talks.
The USS Abraham Lincoln carrier group and F-35 fighters have arrived in the Middle East. The US is deploying additional air defense assets to protect allies and American troops.
MHP became the first Ukrainian agricultural company to be an official partner of the World Economic Forum in Davos.
