The wire
Regional security tensions escalated sharply on 14 July 2026 as Saudi-Houthi hostilities resumed and Iran's strikes on U.S. bases across the Gulf kept Strait of Hormuz shipping risks in focus for GCC investors and businesses. On a more constructive note, President Trump formally rescinded the proposed 20% Hormuz transit fee, replacing it with trade and investment deals with Gulf states, offering some relief to regional trade flows. Abu Dhabi clean-energy firm Masdar reached financial close on a $5.1 billion financing package for what it describes as the world's largest solar-and-battery project, signalling continued Gulf appetite for large-scale infrastructure investment.
Top stories
ICIS
Trump Scraps 20% Hormuz Transit Fee, Opts for Gulf Investment Deals
President Trump rescinded a proposed 20% Strait of Hormuz reimbursement fee, replacing it with trade and investment agreements with Middle East nations.
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Haaretz
Iran Strikes U.S. Bases in Kuwait and Bahrain as Hormuz Tensions Widen
Iran expanded retaliatory strikes against U.S. military facilities in Kuwait and Bahrain while maintaining its closure of the Strait of Hormuz to shipping.
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Oil & Gas 360
Masdar Closes $5.1 Billion Financing for World's Largest Solar-Battery Project
UAE renewable energy company Masdar secured a $5.1 billion financing package from 13 lenders for a gigascale round-the-clock solar-and-battery project in Abu Dhabi.
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