Business – War Watch

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Concierge firm co-founded by queen’s nephew went on ‘ill-timed’ hiring spree before Iran war
BySimon Goodley May 5, 2026

Quintessentially almost quadrupled staff in Middle East and Asia less than year before wealthy began to flee GulfThe embattled luxury concierge service co-founded by Queen Camilla’s nephew Ben Elliot embarked on what appeared to be an inopportune hirin…

Read More Concierge firm co-founded by queen’s nephew went on ‘ill-timed’ hiring spree before Iran war
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Could the UAE’s shock exit from Opec cause an oil price war?
ByJillian Ambrose April 30, 2026

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to comeThe conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates’ shock exit from the oil cartel …

Read More Could the UAE’s shock exit from Opec cause an oil price war?
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | US foreign policy | US news | US-Israel war on Iran | World news

Iran supreme leader issues defiant statement on strait of Hormuz
ByPatrick Wintour Diplomatic editor April 30, 2026

Mojtaba Khamenei says Tehran will eliminate ‘enemy’s abuses of the waterway’ and guard its nuclear and missile programmesUS politics live – latest updatesIran’s supreme leader has broken his recent silence with a defiant statement hailing Iran’s contro…

Read More Iran supreme leader issues defiant statement on strait of Hormuz
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Economics | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | Trump administration | US news | US politics | US-Israel war on Iran | World news

Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
ByMark Saunokonoko April 30, 2026April 30, 2026

Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shutBusiness live – latest updatesThe global oil price has soared above $126 a barrel, its highest level since 2022, after Donald Trump sa…

Read More Oil price tops $126 a barrel after Trump warns Iran blockade could last ‘months’
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Opec | Palestinian territories | Petrol prices | Saudi Arabia | Trump administration | United Arab Emirates | World news

How the UAE’s decision to leave Opec could recast the Middle East
ByPatrick Wintour Diplomatic editor April 28, 2026

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the regionThe United Arab Emirates’ decision to walk out of Opec is a political as much as business decision, and will reignite the simmering rows between the UAE an…

Read More How the UAE’s decision to leave Opec could recast the Middle East
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Fears of resurgence in Somali piracy after three vessels hijacked in a week
ByMohamed Gabobe in Mogadishu and Rachel Savage April 28, 2026

Pirates appear to be taking advantage of international naval strength being diverted to Middle EastThree vessels have been hijacked off the coast of Somalia in the past week, raising fears of a resurgence in piracy around the Horn of Africa, and adding…

Read More Fears of resurgence in Somali piracy after three vessels hijacked in a week
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Russian oligarch’s superyacht allowed through strait of Hormuz, source says
ByReuters April 28, 2026

Billionaire Alexei Mordashov’s vessel, Nord, reportedly able to cross blockaded strait with US and Iranian approvalA superyacht owned by the Russian billionaire Alexei Mordashov was able to transit the blockaded strait of Hormuz after undergoing maint…

Read More Russian oligarch’s superyacht allowed through strait of Hormuz, source says
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UAE quits Opec in win for Trump as oil cartel weakened
ByReuters April 28, 2026April 28, 2026

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil pricesThe United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, …

Read More UAE quits Opec in win for Trump as oil cartel weakened
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Palestinian territories | Petrol prices | Trump administration | US news | US politics | US-Israel war on Iran | Weapons technology

Lockheed Martin CEO sees Trump’s Pentagon as ‘golden opportunity’ for growth
ByLauren Aratani in New York April 23, 2026

Jim Taiclet spoke in earnings call as company expands contracts with the US government amid the Iran warLockheed Martin’s CEO has called the Trump administration a “golden opportunity” for the company as it expands its contracting work for the federal …

Read More Lockheed Martin CEO sees Trump’s Pentagon as ‘golden opportunity’ for growth
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | World news

‘Tehran tollbooth’: what is Iran demanding and what would it mean for oil prices?
ByJillian Ambrose and Tom Knowles April 23, 2026

Iran’s plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to comeA second round of peace talks between the US and Iran has begun amid renewed attacks on oil tankers in the strait of Hormuz and a US blockad…

Read More ‘Tehran tollbooth’: what is Iran demanding and what would it mean for oil prices?