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US in talks with Iranian Kurdish militants over anti-regime operations

Iranian Kurdish armed groups are in talks with the Trump administration about whether they could play a role in the ongoing US-Israeli military campaign against the Iranian regime. This has involved conversations about whether to attack Iranian security forces in a possible ground offensive led by the groups from Iraqi territory, where they are based, … Read more

KPMG picks ex-Australia boss Gary Wingrove as next global chief

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. KPMG has selected Gary Wingrove as its next global chief executive, with the former head of its Australia business beating UK boss Jon Holt in the race to lead the 276,000-person firm, according to people … Read more

Israel expects weeks-long war against Iran

Israel is preparing for a multi-week military onslaught alongside the US to fully “dismantle” key pillars of Iran’s theocratic state and the Revolutionary Guards that protect the Islamic republic, said current and former Israeli officials. A senior Israeli military official said Israel’s objective was to “dismantle the regime’s military infrastructure, including the IRGC” as well … Read more

The Gulf’s safe-haven status is under fire

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For decades the fossil fuel-rich Gulf states have marketed themselves to investors, businesses and tourists as islands of stability in the otherwise volatile Middle East. But after the US and Israel launched their war against … Read more

Gulf states in race to secure more US interceptors

Gulf states are anxiously waiting for the US military to deliver supplies of interceptors for air-defence systems as they try to fend off volleys of Iranian missiles and swarms of drones, regional officials said. Missiles for those interceptors, part of aerial defence systems sold to Gulf states by major US manufacturers for billions of dollars, … Read more

US submarine sinks Iranian warship in Indian Ocean

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US submarine torpedoed and sank an Iranian ship in the Indian Ocean, fuelling fears that the US-Israeli war against Tehran is spreading beyond the Middle East. “Yesterday in the Indian Ocean . . . an American submarine sunk … Read more

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To read this article for free Register now Once registered, you can: • Read free articles • Get our Editor’s Digest and other newsletters • Follow topics and set up personalised events • Access Alphaville: our popular markets and finance blog

Gulf insurance costs soar 12-fold despite Trump guarantee

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The cost of insuring a ship sailing through the Strait of Hormuz has soared 12-fold, even after Donald Trump vowed to backstop trade through the key oil chokepoint. Shipowners have been quoted millions … Read more

The influencers leaping to Dubai’s defence

With the synchronicity to make a marketing manager proud, a clutch of TikTok influencers have been asking a simple question: “You live in Dubai, aren’t you scared?” The users provide the answer by cutting to slow-motion images of Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, striding forward to swelling music. “I know who protects us,” … Read more