Conflict appears to have reached impasse, but leaders in Tehran and Washington seem to think victory is near

The month-old ceasefire between Iran and the US appeared to be in new peril on Tuesday with a fresh barrage of Iranian missiles reported to have targeted the United Arab Emirates as US naval forces pressed ahead with efforts to reopen the strait of Hormuz.

The Iranian strike on the UAE was the second in 48 hours, and came shortly after the US defence secretary, Pete Hegseth, insisted the shaky truce that has paused the war in the Middle East was intact, despite the new increase in violence.

Quintessentially almost quadrupled staff in Middle East and Asia less than year before wealthy began to flee Gulf

The embattled luxury concierge service co-founded by Queen Camilla’s nephew Ben Elliot embarked on what appeared to be an inopportune hiring spree in the Middle East and Asia before wealthy individuals began fleeing the region because of the US-Israel war on Iran.

Quintessentially almost quadrupled staff in the regions from 22 to 84 during its financial year to 30 April 2025, according to newly released annual accounts, which again reported multimillion-pound losses and warned of “material uncertainty” about its future.

Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region

The United Arab Emirates’ decision to walk out of Opec is a political as much as business decision, and will reignite the simmering rows between the UAE and Saudi Arabia – which had been covered up by their shared anger with Iran over its attacks on the Gulf states since the start of the US-Israel war on Tehran.

In the short term, leaving the oil producing cartel it joined in 1967 gives the UAE the freedom to respond quickly to a long-term prospect of constrained supplies, and to maximise profit. But it is a decision the UAE has considered before, as UAE and Saudi tensions over production quotas have been longstanding.

US president has accused organisation of ‘ripping off the rest of the world’ by inflating oil prices

The United Arab Emirates has quit the Opec oil cartel after 60 years of membership, in a heavy blow to the group and its de facto leader, Saudi Arabia, as global energy markets contend with the biggest supply crisis in history.

The shock loss of the UAE, Opec’s third-largest oil producer, is expected to weaken the group, which for decades has worked together to use its collective oil production to influence global oil market prices.