The wire
A tanker was struck by a projectile near the Strait of Hormuz off Oman's Musandam Peninsula, the latest incident underlining the acute shipping risk facing Gulf waters as the US-Iran conflict widens. Saudi Arabia launched a 14-nation Red Sea maritime defence coalition to protect commercial shipping lanes disrupted by Houthi activity, while US mortgage rates climbed to a one-year high of 6.66%, adding pressure on property-financing costs that Gulf-based borrowers with US dollar-linked portfolios will be tracking closely.
Top stories
Reuters
Tanker struck by projectile near Strait of Hormuz off Oman
UKMTO confirmed a tanker was hit by a projectile off Oman's Musandam Peninsula, at the entrance to the Strait of Hormuz.
Read the original ->
Euronews
Saudi Arabia launches 14-nation Red Sea maritime defence coalition
Riyadh unveiled a multinational maritime defence coalition with 14 countries, including Pakistan, Turkey and Egypt, to protect Red Sea and Gulf of Aden shipping.
Read the original ->
TradingView
US 30-year mortgage rate hits one-year high of 6.66%
Freddie Mac data shows the average US 30-year fixed mortgage rate rose to 6.66% for the week ending 30 July, its highest since July 2025.
Read the original ->
The Gulf Money digest surfaces reported news from third-party publications. We do not republish the stories themselves - every headline above links to the original source so you can read the publisher's own coverage.