See reported progress on a ceasefire, humanitarian corridors, and diplomatic talks in Iran. Stay informed on de-escalation efforts here.

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Oil & Petrol Prices

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Trump & White House News

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Amid the smoldering Iran war, wealthy elites are quietly shifting capital and other assets out of Dubai and heading to Singapore or Switzerland. Just how resilient is the emirate's safe-haven reputation?

DW News

Dubai's image as a financial hub faces its biggest test yet

Three missiles were successfully intercepted over the UAE’s territorial waters, while another fell into the sea.

FMT News

UAE’s air defences detect 4 cruise missiles launched from Iran

Trump announced the US would begin guiding ships on Monday through the strategic strait, a major transport route for oil, gas and fertiliser.

Euronews

US launches 'Project Freedom' to escort ships through Strait of Hormuz

The US military has denied Iranian claims that two Iranian missiles struck a US warship intending to pass through the Strait of Hormuz. Semi-official state news agency Fars said the warship was turned back after it was struck while sailing near Jask island, after Tehran earlier warned it would attack any US boats that entered the Strait of Hormuz. US Central Command (Centcom) said on X that “no US Navy ships have been struck”. Iran’s warning came after US president Donald Trump vowed to free commercial ships stranded in the waterway as part of so-called “Project Freedom”. Trump had pledged to guide ships out of the “restricted waterway” from Monday morning to “free up people, companies, and Countries that have done absolutely nothing wrong”. Iran had afterwards warned that “any foreign armed forces, especially the aggressive US army, will be attacked” if they approach the Strait. Trump said the operation came as the US held “very positive discussions” with Iran, who reportedly issued the US president a one-month deadline for negotiations on its proposed deal to reopen the strait and bring an end to the war. #usshiphitbyiran #usnavyshiphit #iranwar #irannews #usshiphitbymissile #didiranhitusship

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The Independent

US denies Iran claim that warship struck by missiles as tensions rise in Strait of Hormuz

Health minister Dzulkefly Ahmad says this move was in response to global challenges in getting raw materials, the energy crisis and the increasing surge in logistics costs.

Special task force to ensure adequate supply of drugs, medical devices

The memorial wall that was targeted is a tribute to protesters killed in Iran and those killed during the 7 October Hamas attack

Man and woman arrested on suspicion of arson after fire at Golders Green memorial wall

US Central Command later said that two US-flagged merchant vessels had crossed the Strait of Hormuz under its guidance

US military rejects Iran claim that two missiles struck American warship in Strait of Hormuz

US treasury secretary Scott Bessent says China and Russia should stop blocking UN initiatives to protect commercial shipping in the Strait of Hormuz.

Bessent calls on China to step up diplomacy on Iran ahead of Trump-Xi summit

TEHRAN — Iran’s navy fired ‘warning shots’ at US warships in the Strait of Hormuz on Monday, state media said, after the American military sent destroyers into the Gulf as part of a plan to help trapped commercial vessels leave

The Malaysian Reserve

Iran fires ‘warning shots’ as US Navy says its ships entered Gulf via Hormuz

NEW YORK, May 4 : The U.S. dollar edged up against the euro as the conflict in the Middle East kept investors skittish and the yen briefly strengthened prompting renewed speculation about intervention by Japanese authorities.The dollar index, which measures the U.S. currency's strength against a basket of cur

Dollar edges up as US-Iran conflict keeps risk appetite in check

Seoul said on Monday that an “explosion and fire” had struck a South Korean ship in the Strait of Hormuz, the crucial Middle Eastern waterway effectively blocked following US-Israeli attacks on Iran.

South China Morning Post

Seoul says ‘explosion and fire’ on South Korean ship in Hormuz strait

TEHERAN: Iran’s navy fired ‘warning shots’ at US warships in the Strait of Hormuz on Monday, state media said, after the American military sent cruisers into the Gulf as part of a plan to help trapped commercial vessels leave.

New Straits Times

Iran fires 'warning shots' as US navy says its ships entered Gulf via Hormuz

THE war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers must pay to have it taken away.

Asia, Europe scramble for natural gas but US suffers from glut

UAE issues and quickly cancels mobile alert for potential missile attack amid tensions in the Strait of Hormuz.

theSun

UAE warns of potential missile threat in brief alert

The Raja of Perlis, Tuanku Syed Sirajuddin Jamalullail, used the launch of the ANGKASA Perlis International Convention 2026 to cast his state as a future regional trade and innovation hub, comparing its potential to Dubai's role as a gateway to West Asia.

The Rakyat Post

Perlis Wants To Be The Next Dubai

US President Donald Trump had earlier announced the "Project Freedom" operation to "help free up" ships stuck in the key waterway. Iran said that would amount to a truce violation. DW has the latest.

Iran war: US says both military and merchant ships have passed through Strait of Hormuz

Euronews journalists reported hearing explosions from air defence intercepts above Dubai after a missile alert on Monday, as the UAE said Iran struck an ADNOC-linked tanker in the Strait of Hormuz.

Dubai residents take shelter as UAE intercepts suspected missile attack

Japan and Australia sign agreements on energy and critical minerals. Also on East Asia Tonight: Iran warns of an attack on American forces if they enter the Strait of Hormuz; and US calls Taiwan a "trusted and capable partner" after President William Lai visits Eswatini. 

00:00 Headlines
01:31 Japan and Australia deepen cooperation on energy, defence, critical minerals
05:25 Japan and Indonesia look to boost defence ties
06:18 Iran warns it will attack US forces if they enter Strait of Hormuz
08:51 China orders its companies not to comply with US sanctions on Chinese oil refiners
25:32 Japanese PM renews call to revise Constitution
26:30 Expert on Japanese PM's Indo-Pacific visit
33:26 US calls Taiwan "trusted and capable partner", praises ties with Eswatini
34:16 South Korea's special counsel uncovers early signs of martial law planning in 2024
40:40 South Korea launches next-generation Earth observation satellite
41:29 North Korean women’s football club to visit South Korea
45:25 Return trips in China pick up pace as May Day holidays nears end

Japan and Australia pledge deeper cooperation | East Asia Tonight (May 4)

The UAE condemns an Iranian drone strike on an ADNOC tanker in the Strait of Hormuz as the US prepares to escort vessels through the waterway.

UAE condemns Iran drone attack on oil tanker in Hormuz

More than 30 European leaders are in Armenia. Also at the European Political Community Summit are heads of global organisations - like NATO - and a Canadian prime minister for the first time. Wars in Ukraine and the Middle East are primary concerns, together with Washington's continued commitment to NATO. William Denselow reports from Brussels.