A new assessment estimates the conflict in the Persian Gulf has already cost Greece the equivalent of 0.9% of GDP, with higher energy prices, inflation, transportation costs and slower economic growth weighing on households, businesses and public finances

A drone attack on two gas tankers at Egypt's Damietta port has heightened concerns over the security of the Suez Canal and the Sumed pipeline, key export routes for Saudi oil. Iran has described Egypt's security as a top priority while no group claimed responsibility

Tehran warned against allowing foreign bases to support U.S. military operations, saying such actions could have consequences as tensions over the Iran conflict continue.

Joint strikes on Iran-backed groups followed drone attacks on Saudi oil facilities, while tensions over the Strait of Hormuz deepened and a major Gulf refinery project moved forward.

Sources told Reuters Tehran is set to receive hundreds of Chinese-made shoulder-fired air-defense systems worth up to $70 million within weeks, in a move aimed at strengthening its short-range defenses after months of conflict

US intelligence is investigating whether Moscow gave Iran targeting data or advanced tech behind precision drone strikes on CIA sites in the Gulf

Oil prices surge to six-week highs as Houthi threats in the Red Sea and rising tensions in the Strait of Hormuz fuel fears of global supply disruptions.

Bulgaria's parliament backed a US refueling-plane presence at Bezmer for July 24 to October 1, despite Iranian warnings the move could be treated as complicity in an attack

Trump says any Iranian strike on shipping in the Strait of Hormuz will trigger a US strike on a bridge or power plant, even ones near Tehran

Yemen’s Houthi movement announced a maritime embargo against Saudi Arabia, raising concerns over energy routes and global trade as diplomatic efforts continue to contain the wider conflict.

US launches fresh strikes on Iran after American deaths in Jordan, as fears grow of renewed conflict following collapse of ceasefire.