US leaves Iraq, Houthis advance: Challenges for the Middle East as it prepares for a post-American security era
The US has ended its military mission in Iraq, closing a major chapter of its post-9/11 Middle East presence. As regional threats grow, Saudi Arabia has turned to Pakistan and Turkey while its ties UAE are under the scanner, signaling a shift toward regional security alliances.
Eurazeo has opened its first office in the Middle East, located in Abu Dhabi's ADGM. This new office will serve as a hub for the company's work with institutional investors, family offices, sovereign institutions, and strategic partners across the Gulf.
Meanwhile, oil prices have stabilised after gaining about $1 a barrel in the previous session. According to FXStreet, West Texas Intermediate (WTI) oil price was trading around $89.10 per barrel, while The Vibes reported that global crude prices were holding firm above $90 per barrel. The oil market remains cautious due to ongoing US-Iran negotiations and the recovery in Middle East crude exports.
Regional crude shipments have neared pre-war levels, with Saudi Arabia restoring half the capacity of its East-West pipeline and flows through the Strait of Hormuz reaching 13.2 million barrels per day, as reported by The Vibes and FXStreet. Iranian spokesperson Fatemeh Mohajerani confirmed that Tehran received a US proposal regarding the Strait's reopening.
Brief written by urgent.news from PE Hub, Times of India, Free Malaysia Today, FXStreet, The Vibes — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
