On Friday, trucks carrying humanitarian aid began delivering much-needed supplies to Gaza using a temporary pier built by the U.S.

The Republican-led U.S. House of Representatives passed the Israel Security Assistance Support Act on Thursday, pushing President Biden to send weapons to Israel more quickly.

In a recent incident in the Red Sea, U.S. helicopters successfully defended a Maersk container vessel from an attack by Iran-backed Houthi militants.

An international coalition of countries, including the United States, the United Kingdom, and others, has launched "Operation Prosperity Guardian" to counter Houthi rebels targeting commercial ships in the Red Sea.

BP has decided to halt all shipments through the Red Sea due to recent attacks on trade vessels by Houthi rebels in Yemen.

OPEC+ oil producers have agreed to voluntary output cuts totaling approximately 2.2 million barrels per day (bpd) for early next year, with Saudi Arabia continuing its existing voluntary cut.

The United Arab Emirates (UAE) has denounced what it calls "fake news" aimed at undermining its role as the host of the COP28 climate conference, including false reports about the resignation of COP28 president-designate Sultan Al-Jaber from his position at the state oil giant ADNOC.

Oil prices rose by approximately 2% as Iraq expressed support for OPEC+'s oil production cuts ahead of an upcoming meeting.

DSV, a logistics company, has secured an exclusive contract to provide logistics services for NEOM, a large development project in Saudi Arabia, encompassing cities, ports, research centers, and more.

As economists assess the financial impact of ongoing geopolitical conflicts, the International Monetary Fund (IMF) has highlighted the concept of "fragmentation" repeatedly in its World Economic Outlook, emphasizing concerns about how strife could disrupt global supply chains and potentially reduce global GDP by up to 7%.

JP Morgan's CEO, Jamie Dimon, has expressed concerns about the escalating conflict in the Middle East, particularly Israel's expected ground offensive on Gaza.

The U.S. government is exploring various options, including land and sea routes, to assist Americans in leaving Israel.

OPEC+ decided to maintain its current production cut strategy after Saudi Arabia extended its unilateral cutback of 1 million barrels a day into September.

Saudi Arabia has extended its unilateral oil production cut of 1 million barrels a day into September, and the country says it may extend or deepen the cuts further.

Iran's APT34, also known as OilRig, has launched a supply chain attack targeting government entities in the United Arab Emirates (UAE).

The U.S. Department of Defense has announced plans to deploy additional forces to the U.S. Central Command (Centcom) area of responsibility in response to Iran's attacks and seizures of commercial ships in the Persian Gulf and Gulf of Oman.

Saudi Arabia's state-owned oil company, Saudi Aramco, increased the prices of its crude oil in Europe, the Mediterranean, and Asia, contrary to expectations.

Saudi Arabia has achieved a significant milestone in its pursuit of commercial electric vertical take-off and landing (eVTOL) operations with the successful completion of the first test flight of a flying taxi.

The Middle East is experiencing rapid development, with notable projects like NEOM and the King Salman International Airport transforming the region.

Based on data from OPEC, Saudi Arabia's decision to cut oil production is expected to significantly tighten global markets in July 2023.