https://knews.kathimerini.com.cy/en/business/oil-prices-drop-but-drivers-aren-t-seeing-relief-at-the-pump
Even if tensions in the Persian Gulf begin to ease, a quick return to lower energy prices is unlikely. Reopening the Strait of Hormuz, a vital route for global oil and gas shipments, would certainly help restore supply. However, it is only one step in the recovery process....
https://knews.kathimerini.com.cy/en/news/why-long-haul-travel-from-cyprus-is-suddenly-more-complicated-and-more-expensive
For years, flying from Cyprus to Asia or Australia often meant one relatively affordable connection through the Gulf. That era may be ending, at least for now....
https://knews.kathimerini.com.cy/en/comment/opinion/does-war-create-opportunities-for-the-economy
The ever-increasing duration of military operations in Iran shows no sign of ending anytime soon unless the United States and Israel choose to step back. While that option is at least being considered in Washington, along with the search for a pretext, it appears inconceivable in Israel to retreat from what it has framed as its own ''mother of all battles.''...
https://knews.kathimerini.com.cy/en/news/hms-dragon-arrives-in-cyprus-after-two-week-journey-from-portsmouth
A British naval destroyer, HMS Dragon, has arrived in Cyprus after a journey of nearly two weeks from Portsmouth, where it departed on March 10. The deployment is intended to reinforce air defense capabilities at the UK’s bases on the island....
https://knews.kathimerini.com.cy/en/comment/opinion/the-global-economy-is-facing-severe-turbulence
The Strait of Hormuz is the only maritime passage into the Persian Gulf. The de facto disruption of normal shipping through the Strait of Hormuz caused demand to fall by 80 percent, left oil tankers idle, and forced a halt to oil production because storage capacity is limited. ...
https://knews.kathimerini.com.cy/en/comment/opinion/two-crises-seven-decades-apart
Exactly seventy years ago, the Suez Crisis disrupted one of the world’s most vital maritime corridors. In July 1956, during the second Arab–Israeli war, the passage was closed, marking the end of an era....
https://knews.kathimerini.com.cy/en/comment/opinion/the-strategy-of-chaos
The most dangerous development in the war in the Persian Gulf, at least in the medium term, is Iran’s new defensive doctrine, which they call the “Mosaic of Decentralized Defense.”...
https://knews.kathimerini.com.cy/en/business/shipping-costs-surge-as-iran-war-sparks-new-global-price-shock
The war in Iran and the broader geopolitical turmoil it has triggered are fueling a new and sharp surge in global shipping costs. ...
https://knews.kathimerini.com.cy/en/news/oil-prices-climb-past-$116-amid-middle-east-tensions
Oil prices are surging at a pace not seen in years, rattling global markets as the war in the Middle East fuels fears of a major energy supply crisis....
https://knews.kathimerini.com.cy/en/news/strait-of-hormuz-crisis-leaves-35-000-sailors-and-cruise-passengers-stranded-in-gulf
About 20,000 merchant sailors and roughly 15,000 cruise passengers are currently unable to leave the Arabian Gulf as tensions between the United States and Iran threaten maritime traffic through the Strait of Hormuz, according to the United Nations’ shipping agency....
https://knews.kathimerini.com.cy/en/news/nineteen-cyprus-flagged-vessels-currently-operating-in-persian-gulf
Cyprus’ Deputy Ministry of Shipping has confirmed that 19 Cyprus-flagged vessels are currently operating in the Persian Gulf and that no safety issues have been reported involving either the ships or their crews....
https://knews.kathimerini.com.cy/en/news/cyprus-dragged-into-iran-uae-islands-dispute
Iran formally protested to Cyprus after Nicosia backed the United Arab Emirates in a long-running dispute over three strategically located islands in the Strait of Hormuz, summoning the Cypriot ambassador in Tehran to deliver what it called a strong warning....
https://knews.kathimerini.com.cy/en/business/tehran-weighs-closing-strait-of-hormuz
Iran is seriously considering closing the Strait of Hormuz, a vital waterway for global oil shipments, according to a report by Iranian state broadcaster IRINN....
https://knews.kathimerini.com.cy/en/news/trump-pushes-to-rebrand-the-persian-gulf-to-the-arabian-gulf
President Donald Trump is preparing to stir diplomatic waters during his upcoming trip to the Middle East by pushing for a controversial name change: the U.S. will now refer to the Persian Gulf as the Arabian Gulf....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-set-for-major-changes-in-september
September will bring significant shifts for Cyprus's two largest banks....
https://knews.kathimerini.com.cy/en/news/iran-israel-tensions-economists-warn-of-global-market-turbulence
As tensions simmer between Israel and Iran following recent Iranian attacks, economists are closely monitoring the potential implications for global markets....
https://knews.kathimerini.com.cy/en/news/aegean-airlines-acquires-longer-range-fleet
Aegean Airlines seeks to strengthen its footprint in new markets, which show double-digit growth rates, through the delivery, in 2026 and 2027, in the first phase, of four Airbus A321neo aircraft which are specially configured and upgraded....
https://knews.kathimerini.com.cy/en/business/lawyers-challenge-money-laundering-watchdog-in-cyprus
Establishing a system to oversee financial companies in Cyprus is proving tricky, according to an article written by Apostolos Tomaras. It all started when the US and UK slapped sanctions on Russia,...
https://knews.kathimerini.com.cy/en/news/greek-tanker-hijacked-in-persian-gulf-heads-towards-iranian-port
In a concerning development, shipping sources and the British Maritime Safety and Security Office (UKMTO) report the hijacking of a ship of Greek interests in the Persian Gulf, ...
https://knews.kathimerini.com.cy/en/news/another-greek-tanker-embroiled-in-us-iran-oil-wars
A Greek-owned oil tanker sailed out of trouble on Wednesday when a US missile destroyer responded to an incident with the Iranian Navy, as Tehran still has an axe to grind with Athens over oil seizures based on American sanctions...
https://knews.kathimerini.com.cy/en/news/eu-nationals-to-require-electronic-travel-authorization-eta-starting-next-year
Nationals of the 27 European Union Member States traveling to the United Kingdom will need to apply for an electronic travel authorization (ETA) starting next year, which will cost them almost €12....
https://knews.kathimerini.com.cy/en/news/saudi-arabia-and-iran-to-re-establish-diplomatic-ties
Saudi Arabia and Iran reached an agreement that paves the way for the re-establishment of diplomatic ties after a seven-year split, a major realignment between regional rivals, the countries said Friday in a joint statement....
https://knews.kathimerini.com.cy/en/news/saudi-arabia-puts-$5-billion-into-turkish-central-bank
Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck southeast Turkey and northern Syria....
https://knews.kathimerini.com.cy/en/news/cyprus-is-in-the-midst of-the-new-narcos
Since December 20, cannabis has been washing up on the shores of free and occupied Famagusta, specifically over 100 kilos of packaged Indian hemp were collected by police....
https://knews.kathimerini.com.cy/en/news/greek-court-overturns-seizure-of-iran-tanker-s-oil
A court in central Greece has overturned a ruling that authorized the confiscation of crude oil from an Iranian-flagged tanker at the center of a volatile dispute over international sanctions...
https://knews.kathimerini.com.cy/en/news/efforts-continue-for-the-release-of-the-cypriot-captain-on-one-of-the-seized-ships
Cyprus' Ministry of Foreign Affairs is continuing its diplomatic efforts for the release of a Cypriot captain, a member of the crew of one of two Greek oil tankers recently seized by Iran's Revolutionary Guards in the Gulf.
...
https://knews.kathimerini.com.cy/en/news/iran-seizes-two-greek-tankers-as-tensions-rise
Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the United States from a tanker held off the Greek coast...
https://knews.kathimerini.com.cy/en/news/where-have-wealthy-russians-disappeared-to
It stretches into the Persian Gulf from Dubai. The man-made archipelago in the shape of a huge palm tree is full of luxury hotels, apartments and villas....
https://knews.kathimerini.com.cy/en/news/france-praises-cypriot-hospitality-towards-cdg
French Ambassador Salina Grenet-Catalano had nothing but praises for the level of hospitality offered by Cypriot authorities to the crew of the French aircraft carrier Charles de Gaulle that sailed in the port of Limassol...
https://knews.kathimerini.com.cy/en/news/friendship-forum-highlights-cooperation-to-meet-regional-challenges
Foreign ministers and senior officials from several EU and Persian Gulf countries met in Athens on Thursday, as Greece seeks to expand alliances to counter tension with regional rival Turkey....
