SINGAPORE: The costs of Qatari energy and commodity exports are likely to rise as the UAE ban on Qatari vessels cuts the ships off from the region’s main refueling port, forcing ships to sail further for fuel or pay higher prices.
The Arab allies are applying many economic pressure points, including barring Qatari flagged ships from entering their waters.
Around half a dozen oil, chemical and liquefied natural gas (LNG) tankers coming from Qatar have left UAE waters or halted in the open ocean instead of docking in the UAE or Saudi Arabia as planned, according to shipping data in Thomson Reuters Eikon.
Qatar is the world’s biggest LNG exporter, sending shipments of the fuel used in power generation to key users in Japan, China and India, and the country also exports about 620,000 barrel per day of oil, among the smallest Middle East oil producers.
However, vessels leaving Qatari ports typically refuel ahead of their voyages at the UAE port of Fujairah, the Gulf’s largest ship-fuel or bunkering port. That is leaving shipowners and charters scrambling to plan the logistics for their vessels.
“It’s a big mess this morning,” said a Singapore-based shipbroker.
The Britanis super-tanker, capable of carrying up to 2 million barrels of oil, was parked in Fujairah’s anchorage zone for the past week, but since Monday moved to just beyond Fujairah’s port limits, the data on Eikon showed.
Lying near the Strait of Hormuz, which ships pass on their way to customers in Asia, the US, or Europe, Fujairah is one of the world’s most important ports for the global energy market. Besides refueling, vessels also merge cargoes with those of other tankers before sending blended supplies to their final destination.
Ships looking to fuel in Fujairah may incur delays and higher costs after being forced to divert to nearby regional ports, or to Pakistan, Sri Lanka, India, and even as far as Singapore, shippers and traders said.
“Some of the affected vessels sailing out of the Gulf will probably have to look toward Iraq, Iran, or Oman for bunkers, however, it depends on the political stance of those countries,” said commodities broker Matt Stanley at Freight Investor Services in Dubai.
Blocking the Qatari vessels could displace up to 25 percent of the between 800,000 and 900,000 tons of marine fuels sold in Fujairah each month, said two trade sources familiar with the market.
Because of the small size of its oil exports, Qatari crude tends to be co-loaded onto tankers along with other regional crudes to make the voyage economical. That process may also be disrupted because of the ban.
While the UAE is clear in banning both Qatari-flagged vessels and ships coming from Qatar, it was not immediately certain whether Saudi Arabia is taking as strong of a position.
The Aramco-owned supertanker Asian Progress V, which is under a Singaporean flag and carrying Qatar Land crude, remains berthed at Saudi Arabia’s Ras Tanura Abu Sa’fah berth where Saudi Arab Medium crude loads.
Oil-pricing agency S&P Global Platts on Tuesday said it was reviewing the use of Qatari Al-Shaheen crude in its oil price assessments because of the port ban.
Besides disrupting energy exports, the UAE ban on Qatari ships is impacting aluminum exports. Norsk Hydro on Tuesday said Qatari metal exports that typically were reloaded on larger ships at the UAE port of Jebel Ali have been blocked amid the ban.
Qatari commodity export costs to rise as UAE port ban disrupts trading
Qatari commodity export costs to rise as UAE port ban disrupts trading
Cancer-hit UK king hails doctors in Christmas speech
Speaking in a pre-recorded message from a former hospital chapel, the king paid tribute to medical staff, veterans and humanitarian workers, and touched upon topics ranging from global conflicts to the far-right riots in the UK this summer.
The monarch’s traditional Christmas message, the first in nearly two decades made outside a royal residence, was symbolically filmed in the ornate Fitzrovia Chapel in central London.
“I offer special heartfelt thanks to the selfless doctors and nurses who this year have supported me and other members of my family through the uncertainties and anxieties of illness, and have helped provide the strength, care and comfort we have needed,” Charles, 76, said.
“I am deeply grateful too to all those who have offered us their own kind words of sympathy and encouragement,” the king added.
His daughter-in-law Princess Catherine was also diagnosed with cancer just weeks after him, temporarily removing the two senior royals from frontline duties.
They have gradually resumed engagements, with Kate, as she is widely known, announcing she had completed chemotherapy in September. Charles is still undergoing regular treatment for cancer, expected to continue into 2025.
Charles, who became monarch in 2022 after the death of his mother Queen Elizabeth II, also hailed the country’s response to divisive far-right riots that took place across England in August and September following the fatal stabbing of three young girls.
“I felt a deep sense of pride here in the United Kingdom when in response to anger and lawlessness in several towns this summer, communities came together not to repeat these behaviors, but to repair,” Charles said.
Calling for peace, the king reflected on conflicts across the world in a year which also marked the 80th anniversary of the D-Day landings.
“During previous (D-Day) commemorations, we were able to console ourselves with the thoughts that these tragic events seldom happen in the modern era,” said Charles.
“But on this Christmas Day, we cannot help but think of those for whom the devastating effects of conflict in the Middle East, in Central Europe, in Africa and elsewhere, pose a daily threat to so many people’s lives and livelihoods.”
Charles praised the “diversity of culture, ethnicity and faith” in Commonwealth countries, after attending a summit in Samoa in October.
“Across the Commonwealth, we are held together by a willingness to listen to each other,” Charles added, as the bloc increasingly confronts the legacy of slavery and colonialism under the former empire.
The eco-conscious king notably did not address climate change or environmental concerns this time around, in a shift from last year’s address.
However, in the backdrop of the broadcast was a live Christmas tree that was later donated and replanted, a tradition begun by Charles in 2023.
The king ended the speech with a call for “peace on earth.”
“And so it is with this in mind that I wish you and all those you love a most joyful and peaceful Christmas,” he concluded.
In keeping with tradition, Charles and his wife Queen Camilla, 77, were joined by other senior royals for their annual festive gathering at the family’s Sandringham estate in eastern England.
Heir-to-the-throne Prince William and Kate along with their three children were part of the royal entourage attending a morning church service followed by Christmas lunch.
Disgraced Prince Andrew, however, was missing from the festivities after revelations of his dealings with a suspected Chinese spy emerged just weeks earlier.
The king’s younger brother was present at last year’s gathering despite being shunned from royal life over his ties to convicted sex offender Jeffrey Epstein.
Also missing were Prince Harry and his wife Meghan — who quit royal life in 2020 and moved to California — making it the sixth royal Christmas they have missed in a row.
Hamas says ‘new’ Israeli conditions delaying agreement on Gaza ceasefire
- “Occupation has set new conditions concerning withdrawal (of troops), the ceasefire, prisoners, and the return of displaced people,” Hamas said
JERUSALEM: Hamas accused Israel on Wednesday of imposing “new conditions” that it said were delaying a ceasefire agreement in the war in Gaza, though it acknowledged negotiations were still ongoing.
Israel has made no public statement about any new conditions in its efforts to secure the release of hostages seized on October 7, 2023.
Indirect talks between Israel and Hamas, mediated by Qatar, Egypt and the United States, have taken place in Doha in recent days, rekindling hope for a truce deal that has proven elusive.
“The ceasefire and prisoner exchange negotiations are continuing in Doha under the mediation of Qatar and Egypt in a serious manner... but the occupation has set new conditions concerning withdrawal (of troops), the ceasefire, prisoners, and the return of displaced people, which has delayed reaching an agreement,” the Palestinian militant group said in a statement.
Hamas did not elaborate on the conditions imposed by Israel.
On Monday, Israeli Prime Minister Benjamin Netanyahu told parliament that there was “some progress” in the talks, and on Tuesday his office said Israeli representatives had returned from Qatar after “significant negotiations.”
Last week, Hamas and two other Palestinian militant groups — Islamic Jihad and the leftist Popular Front for the Liberation of Palestine — said in a rare joint statement that a ceasefire agreement was “closer than ever,” provided Israel did not impose new conditions.
Efforts to strike a truce and hostage release deal have repeatedly failed over key stumbling blocks.
Despite numerous rounds of indirect talks, Israel and Hamas have agreed just one truce, which lasted for a week at the end of 2023.
Negotiations have faced multiple challenges since then, with the primary point of disagreement being the establishment of a lasting ceasefire in Gaza.
Another unresolved issue is the governance of post-war Gaza.
It remains a highly contentious issue, including within the Palestinian leadership.
Israel has said repeatedly that it will not allow Hamas to run the territory ever again.
In an interview with The Wall Street Journal last week, Netanyahu said: “I’m not going to agree to end the war before we remove Hamas.”
He added Israel is “not going to leave them in power in Gaza, 30 miles from Tel Aviv. It’s not going to happen.”
Netanyahu has also repeatedly stated that he does not want to withdraw Israeli troops from the Philadelphi Corridor, a strip of land cleared and controlled by Israel along Gaza’s border with Egypt.
The war in Gaza was sparked by Hamas’s unprecedented October 7 attack on Israel, during which militants seized 251 hostages.
Ninety-six of them are still being held in Gaza, including 34 the army says are dead.
The attack resulted in 1,208 deaths, mostly civilians, according to an AFP tally of Israeli official figures.
Israel’s retaliatory campaign has killed at least 45,361 people in Gaza, a majority of them civilians, according to figures from the Hamas-run territory’s health ministry that the UN considers reliable.
Syria authorities say torched 1 million captagon pills
- Captagon is a banned amphetamine-like stimulant that became Syria’s largest export during the country’s more than 13-year civil war
- Stimulant has flooded the black market across the region in recent years
DAMASCUS: Syria’s new authorities torched a large stockpile of drugs on Wednesday, two security officials told AFP, including one million pills of captagon, whose industrial-scale production flourished under ousted president Bashar Assad.
Captagon is a banned amphetamine-like stimulant that became Syria’s largest export during the country’s more than 13-year civil war, effectively turning it into a narco state under Assad.
“We found a large quantity of captagon, around one million pills,” said a balaclava-wearing member of the security forces, who asked to be identified only by his first name, Osama, and whose khaki uniform bore a “public security” patch.
An AFP journalist saw forces pour fuel over and set fire to a cache of cannabis, the painkiller tramadol, and around 50 bags of pink and yellow captagon pills in a security compound formerly belonging to Assad’s forces in the capital’s Kafr Sousa district.
Captagon has flooded the black market across the region in recent years.
“The security forces of the new government discovered a drug warehouse as they were inspecting the security quarter,” said another member of the security forces, who identified himself as Hamza.
Authorities destroyed the stocks of alcohol, cannabis, captagon and hashish in order to “protect Syrian society” and “cut off smuggling routes used by Assad family businesses,” he added.
Syria’s new rulers have yet to spell out their policy on alcohol, which has long been widely available in the country.
Since a militant alliance toppled Assad on December 8 after a lightning offensive, Syria’s new authorities have said massive quantities of captagon have been found in former government sites around the country, including security branches.
AFP journalists in Syria have seen fighters from Hayat Tahrir Al-Sham (HTS) set fire to what they said were stashes of captagon found at facilities once operated by Assad’s forces.
Security force member Hamza confirmed Wednesday that “this is not the first initiative of its kind — the security services, in a number of locations, have found other warehouses... and drug manufacturing sites and destroyed them in the appropriate manner.”
Maher Assad, a military commander and the brother of Bashar Assad, is widely accused of being the power behind the lucrative captagon trade.
Experts believe Syria’s former leader used the threat of drug-fueled unrest to put pressure on Arab governments.
Jordan in recent years has cracked down on the smuggling of weapons and drugs including captagon along its 375-kilometer (230-mile) border with Syria.
UK to host Israel-Palestine peace summit
- PM Starmer drawing on experience working on Northern Ireland peace process
- G7 fund to unlock financing for reconciliation projects
LONDON: The UK will host an international summit early next year aimed at bringing long-term peace to Israel and Palestine, The Independent reported.
The event will launch the International Fund for Israeli-Palestinian Peace, which is backed by the Alliance for Middle East Peace, containing more than 160 organizations engaged in peacebuilding between Israelis and Palestinians.
Prime Minister Keir Starmer, a former human rights lawyer who worked on the Northern Ireland peace process, ordered Foreign Secretary David Lammy to begin work on hosting the summit.
The fund being unlocked alongside the summit pools money from G7 countries to build “an environment conducive to peacemaking.” The US opened the fund with a $250 million donation in 2020.
As part of peacebuilding efforts, the fund supports projects “to help build the foundation for peaceful co-existence between Israelis and Palestinians and for a sustainable two-state solution.”
It also supports reconciliation between Arab and Jewish citizens of Israel, as well as the development of the Palestinian private sector in the West Bank and Gaza Strip.
Young Israelis and Palestinians will meet and work together during internships in G7 countries as part of the scheme.
Former Labour Shadow Middle East Minister Wayne David and ex-Conservative Middle East Minister Alistair Burt said the fund is vital in bringing an end to the conflict.
In a joint piece for The Independent, they said: “The prime minister’s pledge reflects growing global momentum to support peacebuilding efforts from the ground up, ensuring that the voices of those who have long worked for equality, security and dignity for all are not only heard, but are actively shaping the societal and political conditions that real conflict resolution will require.
“Starmer’s announcement that the foreign secretary will host an inaugural meeting in London to support peacebuilders is a vital first step … This meeting will help to solidify the UK’s role as a leader in shaping the future of the region.”
The fund is modeled on the International Fund for Ireland, which spurred peacebuilding efforts in the lead-up to the 1999 Good Friday Agreement. Starmer is drawing inspiration from his work in Northern Ireland to shape the scheme.
He served as human rights adviser to the Northern Ireland Policing Board from 2003-2007, monitoring the service’s compliance with human rights law introduced through the Good Friday Agreement.
David and Burt said the UK is “a natural convener” for the new scheme, adding: “That role is needed now more than ever.”
They said: “The British government is in a good position to do this for three reasons: Firstly, the very public reaching out to diplomatic partners, and joint ministerial visits, emphasises the government turning a page on its key relationships.
“Secondly, Britain retains a significant influence in the Middle East, often bridging across those who may have differences with each other. And, thirdly, there is the experience of Northern Ireland.
“Because of his personal and professional engagement with Northern Ireland, Keir Starmer is fully aware of the important role civil society has played in helping to lay the foundations for peace.”
Erdogan announces plans to open Turkish consulate in Aleppo
- Erdogan also issued a stern warning to Kurdish militants in Syria
Turkish President Recep Tayyip Erdogan announced on Wednesday that Turkiye will soon open a consulate in Syria's Aleppo.
Erdogan also issued a stern warning to Kurdish militants in Syria, stating they must either "lay down their weapons or be buried in Syrian lands with their weapons."
The remarks underscore Turkiye's firm stance on combating Kurdish groups it views as a threat to its national security.
