The Treasury Department will use Iranian assets to help U.S. Gulf allies recover from damage caused by Tehran’s regime during the Iran war, a source familiar with Treasury Secretary Scott Bessent’s thinking told CBS News Saturday. The source said the Treasury intends to utilize all available authorities to make Iranian assets accessible for rebuilding and…
The US military strikes Iranian drones and radar sites and Tehran says it has targeted US bases in Kuwait and Bahrain.
Iran said on Wednesday it was reviewing a new U.S. proposal, after sources said Washington and Tehran were closing in on a one-page memorandum to end the war in the Gulf while leaving tricky issues such as Iran’s nuclear programme for later. An Iranian foreign ministry spokesperson, cited by Iran’s ISNA news agency, said Tehran…
Dar es Salaam — TANZANIA is set to coordinate the Gulf Cooperation Council (GCC) Dialogue in October, this year as part of efforts to strengthen cooperation on employment creation, labour relations and skills development between Gulf and African countries. The announcement was made by the Minister of State in the Prime Minister’s Office (Labour, Employment…
NewsFeed ‘This will be a great and brilliant day for the world’ US President Donald Trump said at a Turning Point USA event as Iran fully opens the Strait of Hormuz. He also thanked Gulf states for their ‘tremendous’ support. Published On 18 Apr 202618 Apr 2026 Click here to share on social media share-nodes…
Cairo, Egypt — Africa’s multilateral lender, African Export-Import Bank, has approved a $10 billion emergency facility to shield African and Caribbean economies from the fallout of escalating tensions in the Gulf, as policymakers race to contain a fresh wave of global economic disruption. The lender’s board signed off on the Gulf Crisis Response Programme (GCRP),…
To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impacts of the ongoing Gulf crisis. The conflict, which…
Bahrain and the UAE also reported attacks resulting in fires, which were put out quickly. Kuwait has said Iranian drone attacks damaged two power and water desalination plants and sparked a fire at an oil complex, without causing injuries. Gulf countries have borne the brunt of Tehran’s response to the US and Israeli strikes on…
The intensifying conflict in the Persian Gulf “has triggered one of the most rapid and severe disruptions to global commodity flows in recent times,” the Chief Economist with the UN Food and Agriculture Organization (FAO) said on Thursday. The crisis is affecting agricultural production and food security worldwide, with impacts on farmers but also migrant…
blinking-dotLive updatesLive updates, US President Donald Trump says allies who rely on Gulf oil must help keep the Strait of Hormuz open. Published On 15 Mar 202615 Mar 2026 Click here to share on social media share2 Share plus2googleAdd Al Jazeera on Googleinfo
