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ENGIE’s Niko Cornelis on building a smarter, more flexible grid in the UAE

Engie’s CEO for the GCC discusses how the UAE is moving towards a more integrated energy model, why storage and flexibility will be critical, and how the next generation of grids will combine renewable generation, advanced technology and resilient infrastructure

Neesha Salian
Neesha Salian

08 July, 2026

ENGIE’s Niko Cornelis on building a smarter, more flexible grid in the UAE
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The UAE’s energy transition has entered a new phase. After rapidly scaling renewable generation, particularly solar, the focus is shifting from building clean energy capacity to creating the infrastructure required to integrate it reliably into the grid.

For decades, the country’s power system was built around predictable generation sources, but the growth of renewables is changing how electricity is produced, managed and dispatched. As solar becomes a larger part of the energy mix, technologies such as battery energy storage, flexible gas generation and digital grid management are becoming essential to maintaining reliability while reducing emissions.

With almost three decades of experience operating power and water infrastructure across the GCC, ENGIE has been closely involved in the region’s evolving energy landscape. Niko Cornelis, CEO GCC at ENGIE, discusses how the UAE is moving towards a more integrated energy model, why storage and flexibility will be critical, and how the next generation of grids will combine renewable generation, advanced technology and resilient infrastructure.

The UAE has been one of the fastest-moving markets on clean energy deployment in the region. Where would you say the country sits today in that journey?

The UAE’s energy transition has advanced faster than most comparable markets. Solar capacity has grown substantially, clean energy targets are backed by contracted projects rather than aspirational plans, and the strategic frameworks governing the sector have proven consistent enough for developers and operators that commit capital over decade-long horizons.

ENGIE has been part of this journey for almost 30 years, contributing to both power generation and water production across the country. Producing approximately 20 per cent of the UAE’s electricity gives us a ground-level view of how the system is evolving and what it takes to keep it performing reliably as the generation mix changes.

The country is now at the stage where the generation buildout and the grid integration layer are advancing together. This is the natural progression of an energy system that has successfully scaled clean generation and is now building the infrastructure to dispatch it with the same reliability the system has always delivered.

As solar takes a larger share of the generation mix, the operational profile of the grid changes significantly. What does that mean in practice for developers and operators like ENGIE?

As solar takes a larger share of the generation mix, the operational profile of the grid changes. Generation becomes more variable; the system needs assets that can not only produce, but can respond quickly.

In the UAE, this is being addressed through structured long-term frameworks. Our projects are contracted through PPAs that provide commercial visibility for decades, which is what allows us to invest in the right combination of technology – not just solar, but battery storage and flexible gas.

For ENGIE, our core business is built around integrating renewable generation with flexible capacity and storage, designed to deliver reliable power around the clock. This capability is proven across our global operations, and its directly relevant to what the UAE is building now.

ENGIE has operated across power and water infrastructure in the GCC for decades. What lessons from that experience apply to how the UAE is sequencing generation, storage and transmission today?

ENGIE’s three decades of operating major power and water assets in the GCC has taught one primary lesson: generation, storage, and flexible capacity must be planned and built together to ensure grid reliability. The UAE’s current energy strategy is a direct application of this principle.

This is visible in three ways:
Managing the shift to renewables: Leveraging its experience from running foundational gas assets like Al Taweelah A1, ENGIE understands the need for a stable grid. As it helps develop massive solar projects, this experience informs how to integrate vast intermittent renewables without sacrificing reliability.

Firming renewable power: The UAE is pairing its solar build-out with energy storage (BESS) and flexible, fast-ramping gas turbines

Integrated grid planning: The strategy recognises that generation and storage assets are only effective if connected by a modern, intelligent grid. The UAE is sequencing its investments to ensure its transmission network can manage the complex energy flows of a renewables-led system.

In short, the UAE’s disciplined approach, combining renewable generation with integrated storage and a modern grid, is a direct reflection of the hard-won operational lessons learned by partners like ENGIE over decades.

Battery energy storage has moved quickly from pilot to utility-scale deployment in the GCC. How do you see BESS reshaping the way solar is delivered to the grid?

The simplest way to think about it is that without storage, solar power is only available when the sun is shining. With BESS, you can store what’s generated during the day and release it into the grid during the evening peak or overnight. That changes solar from an intermittent source into something much closer to firm, dispatchable power, which is what grid operators require.

In the UAE, future large-scale solar projects will be designed with storage integrated from the outset, reflecting a clear intention to provide firm, dispatchable renewable power alongside traditional generation. ENGIE is actively building its capacity in this space and we see BESS as an essential tool in making our renewable projects bankable and operationally reliable over the long term.

Gas has historically been the backbone of UAE generation. As renewables scale, how is its role evolving?

Flexible and efficient gas generation remains the essential enabler of the UAE’s energy transition. As more renewable capacity comes online, the primary role of gas is shifting from providing continuous baseload to providing the essential firming capacity needed to guarantee grid stability.

This new role demands gas assets that are not only reliable but also aligned with long-term decarbonization goals. The focus is now on deploying state-of-the-art technology. For instance, high-efficiency combined-cycle gas turbines (CCGT) offer best-in-class performance, generating more electricity from less natural gas. This superior efficiency directly reduces CO2 emissions per megawatt-hour, ensuring that the grid is stabilised in the most carbon-conscious way possible.

Furthermore, the strategy for gas involves future-proofing these assets for a net-zero world. The latest generation of turbines are being designed to be “hydrogen-ready,” capable of co-firing hydrogen with natural gas today and transitioning to 100 per cent hydrogen in the future. This creates a clear pathway to decarbonise these plants over their operational life. Paired with the potential integration of Carbon Capture, Utilisation, and Storage (CCUS), these modern gas assets are being positioned not just as a bridging fuel, but as a long-term, low-carbon source of essential grid reliability.

Physical assets such as storage, flexible gas, and solar, are only part of the equation. What role does the digital – layer play in making it all work together?

As the generation mix becomes more diverse, the digital layer that orchestrates these assets is critical for grid stability. Real-time data and smart dispatch are essential for balancing the system as conditions change.

The UAE’s commitment to building this digital capability in parallel with its physical assets makes it a leading market. For ENGIE, this allows us to bring our global expertise in energy management directly to the UAE, using our advanced analytics and operational platforms to enhance reliability and optimisze the entire system.

The UAE Energy Strategy 2050 and Abu Dhabi’s 2035 clean energy targets have created a substantial project pipeline. How is ENGIE contributing to these agendas, and what does a project like Khazna represent in that context?

The UAE Energy Strategy 2050, the Abu Dhabi target to meet a majority of electricity demand from clean and renewable sources by 2035, and the project pipeline supporting both reflect the kind of long-term consistency that makes deep investment rational for developers and their partners.

ENGIE’s contribution to that pipeline includes the 1.5 GW Khazna Solar PV project, developed alongside Masdar under a 30-year agreement with EWEC. Once fully operational in 2028, this project will provide a significant volume of renewable power, directly supporting the UAE’s clean energy and decarbonisation objectives. Being part of a programme on this scale and maturity is where the energy transition moves from strategy to execution.

As the UAE moves into this next phase, what should observers be watching for as the markers of success?

From our perspective as a long-term energy partner in the UAE, the key indicator of success is not simply the gigawatts of new capacity built, but how effectively all the new and existing assets work together to ensure reliability, year after year.

What makes the UAE’s approach noteworthy is that this integration is already at the heart of the strategy. We see that renewable generation, flexible gas, battery storage, and desalination are being planned and deployed to function as a single, cohesive system.

For observers, this tangible shift from focusing on individual projects to executing a fully integrated energy plan is the most important marker of a successful, resilient transition. Our role, as a committed partner, is to help deliver this next phase by combining generation, flexibility, and infrastructure to support the UAE’s long-term energy security.

Blockmaze: AI and tokenisation will power the foundational layers of future finance

Artificial intelligence will drive financial decisions while tokenisation provides the programmable infrastructure for autonomous, compliant markets, says Tajinder Virk of Finvasia Group and Blockmaze

Neesha Salian
Neesha Salian

07 July, 2026

Blockmaze: AI and tokenisation will power the foundational layers of future finance
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The financial industry has fixed its attention on artificial intelligence, yet AI alone cannot reshape global markets. Machine intelligence is advancing quickly, but the infrastructure beneath it was built for an earlier era. The future of finance will instead rest on two foundational layers, with AI serving as the intelligence layer and tokenisation serving as the infrastructure layer.

AI is already creating a new class of market participant. Autonomous agents now research opportunities, allocate capital, rebalance portfolios and execute trades with limited human involvement. The scale of that shift is already measurable. Wolters Kluwer reports that 44 per cent of finance teams will use agentic AI in 2026, an increase of more than 600 per cent on the previous year, while McKinsey records 50 of the world’s largest banks announcing more than 160 agentic AI use cases in 2025 alone.

“The next generation of investors may not always be human. Increasingly, they will be AI-powered systems acting on behalf of individuals, institutions, and businesses. Such systems hold an advantage in speed and scale, acting far faster than any human trading desk. Markets that serve them continuously, across borders and without manual intervention will capture that activity first,” said Tajinder Virk, co-founder and CEO of Finvasia Group and Blockmaze.

Yet that intelligence is being asked to operate on infrastructure that was never designed for it. Legacy markets depend on fragmented intermediaries, manual reconciliation, limited trading windows and jurisdictional barriers. Each handoff adds cost, delay and risk of error, frictions a machine operating at scale cannot absorb. AI can make intelligent decisions in milliseconds, yet it cannot operate efficiently on plumbing assembled decades ago.

Tokenisation closes that gap, as tokenised stocks and real-world assets create programmable, machine-readable ownership that AI systems can verify, settle and transfer instantly. Settlement that once took days can complete in seconds, and compliance rules can be written directly into the asset itself. Ownership becomes something software can read and act upon directly, rather than a record locked inside incompatible systems. AI supplies the intelligence, tokenisation supplies the infrastructure that allows autonomous markets to function securely and compliantly.

The rise of AI investing strengthens the case for tokenised equities. Investors are allocating more capital towards AI companies and AI-powered sectors, and tokenised stocks make those opportunities more globally accessible through fractional ownership, seamless cross-border investing and continuous digital infrastructure.

Forecasts for that transition are substantial. Boston Consulting Group estimates tokenised assets could reach around $16tn by 2030, close to 10 per cent of global GDP, while a more recent projection produced with Ripple points to almost $19tn by 2033. Each trend reinforces the other. Growth in AI investing increases demand for assets that machines can hold and move, while tokenised equities give AI systems the rails they need to act.

Trust will determine which infrastructure prevails. Autonomous agents cannot be allowed to transact on rails that lack verifiable ownership, regulatory recognition and built-in compliance. Regulators will not permit autonomous systems to move capital through markets that cannot prove who owns what, and institutions will not commit volume to rails that sit outside established legal frameworks. Compliance, rather than slowing this transition, is its precondition. The convergence of AI, tokenisation and regulated digital markets therefore depends on a foundation that institutions and regulators can rely on.

“Artificial intelligence is transforming how investment decisions get made, but intelligence on its own has nowhere to act without trusted infrastructure beneath it. Tokenisation provides that foundation, recording, transferring and governing ownership in a form machines can verify and act on directly. The firms that lead the next decade will treat AI and tokenisation not as competing trends but as two layers of a single system, intelligence on top and infrastructure underneath,” added Virk.

Blockmaze positions itself at exactly this convergence, as a compliance-first infrastructure layer for the next generation of finance. The company is building regulated, tokenised rails where AI, tokenisation and digital markets meet, allowing autonomous and human investors alike to own and exchange assets with confidence. Blockmaze’s regulatory alignment gives banks, asset managers and digital-native investors a single venue they can trust. The future, on this view, belongs not simply to AI, but to AI operating on trusted, tokenised financial infrastructure.

Saudi Arabia pilots Package Visa to simplify tourist arrivals

The Package Visa allows travellers to complete their visa application alongside booking return flights and accommodation at licensed hospitality establishments through a single platform

Rajiv Pillai
Rajiv Pillai

07 July, 2026

Saudi Arabia pilots Package Visa to simplify tourist arrivals
Image: Getty Images

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Saudi Arabia has launched a pilot programme for its new Package Visa, allowing eligible international visitors to obtain a tourist visa as part of an integrated travel package, in the latest move to simplify entry procedures and accelerate tourism growth under Vision 2030.

According to Saudi Press Agency, the initiative, currently available through approved general travel and tourism service providers in selected pilot markets, has been developed through a joint effort by the Ministry of Tourism, the Ministry of Foreign Affairs, the Ministry of Interior and the Insurance Authority.

The Package Visa allows travellers to complete their visa application alongside booking return flights and accommodation at licensed hospitality establishments through a single platform. Packages can also include events, activities and tourism experiences, creating a more streamlined visitor journey.

The launch builds on Saudi Arabia’s broader tourism liberalisation strategy, following the introduction of the tourist e-Visa, visa on arrival and the Stopover Transit Visa. Together, these initiatives helped the Kingdom welcome more than 29 million inbound visitors in 2025, highlighting the rapid expansion of its tourism sector.

Minister of Tourism Ahmed Al-Khateeb stated: “Saudi Arabia’s tourism story has always been about ambition, openness, and continuous progress. With the Package Visa, we are taking the next step: empowering our travel and tourism partners, simplifying the journey for visitors, and creating a smarter, more seamless way to experience Saudi Arabia. This pilot is a glimpse of what comes next, and we invite our partners and future visitors to be part of it.”

For travel providers, the programme creates an opportunity to integrate visa processing directly into travel packages, helping reduce friction in the booking process while encouraging longer stays and higher visitor spending through more comprehensive itineraries.

To participate in the programme, travel and tourism service providers must meet specific operational requirements, including operating digital booking platforms and providing 24/7 technical support and customer service.

The Package Visa forms part of Saudi Arabia’s continued efforts to strengthen private sector participation in tourism while making the Kingdom more accessible to international travellers. Officials said the initiative reflects a broader shift towards integrated travel services designed to enhance visitor experience, support tourism businesses and reinforce Saudi Arabia’s position as one of the world’s fastest-growing tourism destinations.

Mayo Clinic psychologist Craig N Sawchuk unpacks doomscrolling and the attention trap

Doomscrolling is often framed as a modern habit problem, but clinical research increasingly suggests it is driven by the brain’s attention, reward and emotional regulation systems

Neesha Salian
Neesha Salian

07 July, 2026

Mayo Clinic psychologist Craig N Sawchuk unpacks doomscrolling and the attention trap
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We live in a digitally connected world, where technology has become the infrastructure of work, family, and social life. This connectivity often creates a psychological challenge: doomscrolling, the compulsive consumption of news and content on social media, despite knowing it damages your mood, sleep, and relationships.

Doomscrolling is often framed as a modern habit problem, but clinical research increasingly suggests it is driven by the brain’s attention, reward and emotional regulation systems. The concern is not simply how much time people spend online, but the compulsion to continue consuming negative or emotionally charged content even when it begins to affect mood, sleep and daily functioning.

The scale of the problem is becoming clearer. An August 2024 study of 800 university students published in Computers in Human Behavior Reports found that doomscrolling triggers elevated levels of existential anxiety, a pervasive sense of dread when confronting life’s limitations. Earlier research published in Applied Research in Quality of Life (April 2023) analysed three separate studies involving approximately 1,257 adults and found doomscrolling is directly linked to worse mental wellbeing.

A 2025 longitudinal study published in the Journal of Addictive Diseases, which followed 301 adolescents over two months, found a significant relationship between social media addiction and doomscrolling. The researchers concluded that higher levels of social media addiction increased the risk of doomscrolling over time, underscoring the importance of promoting healthier digital habits to help prevent the behaviour.

In fast-connected societies such as the UAE, where work, news and social platforms blend into continuous digital engagement, the question is no longer whether people are online, but how that connectivity is shaping attention, mood and recovery time.

Here, Craig N Sawchuk, PhD, a psychologist at the Mayo Clinic in Rochester, explains what separates healthy social media use from harmful patterns, why the brain is naturally drawn to negative content, and what practical steps can help people regain control without disconnecting from the digital world entirely.

Doomscrolling has become a widely used term, but from a clinical psychology perspective, what actually distinguishes normal social media use from behavior that starts becoming harmful to mental health?

The key difference is not just the amount of time spent online, but whether it interferes with responsibilities, relationships, and overall well-being. Harmful use begins when people cannot easily disengage from spending time online, neglect work or home responsibilities, or withdraw from family and friends. It is also important to monitor mood changes: if social media consistently increases anger, anxiety, sadness, pessimism, or irritability with use, it may be negatively affecting mental health. Healthy use of social media is associated with being able to step away, shift attention elsewhere, and maintain balance in daily life.

Why are people so psychologically drawn to negative headlines, crisis-driven news, and endless social media feeds, even when they know it is affecting their mood or productivity?

The brain is naturally hardwired for threat and novelty, making humans automatically attentive to dangerous or unusual information. This is an adaptive function of our brain that has helped with our survival over time.

People also have a strong drive to “need to know” about current events and a natural human curiosity that keeps people checking for updates. Because news is now constantly accessible through portable devices, people are exposed to nonstop “breaking news,” which can reinforce the impulse to know. Doomscrolling engages reinforcement centers of our brain, which can reinforce repeated engagement with social media, even when it is not helpful for our health.

In fast-paced markets like the UAE, where many residents are highly connected through work, news, and social platforms, are there unique lifestyle factors making people more vulnerable to doomscrolling?

One of the biggest factors is the portability of technology, such as phones and tablets, and a constant electronic connection with us. People often multitask across phones, tablets, and computers throughout the day, then continue using devices at home, when out socially, and late into the evening. This continuous electronic connection can disrupt sleep and other healthy habits, as well as create a more sedentary lifestyle. The Covid-19 pandemic accelerated this pattern by increasing digital communication, and people connected digitally to manage the isolation of social distancing.

What are some of the early warning signs that someone’s scrolling habits are beginning to impact their anxiety levels, sleep quality, relationships, or overall mental wellbeing?

There are several warning signs that can turn into bigger problems. One common sign is ‘time blindness,’ where people intend to check their phones briefly but lose track of time and spend hours online without realising it. Other signs include forgetting responsibilities, worsening mood, and sleep disruption. “Sleep procrastination” is when people delay their sleep schedule to spend time online late at night, which delays bedtime and can lead to fatigue the next day. Over time, accumulated fatigue can create a negative cycle that affects focus, efficiency, work, and other responsibilities.

Self-monitoring can be a very helpful tool to recognise when excessive device use is starting to cause problems. I encourage people to have time-point check-ins when they use their devices to pay attention to their mood and notice any changes in stress, anger, anxiety, or irritability. For example, assess your mood just before you start using your device and keep re-checking on your mood every 10-15 minutes. If your mood is declining, it would be good to distance yourself from the device and choose another activity. Increasing a person’s awareness around time and mood association with their device use can be helpful. Friends or partners can also notice and comment on excessive device use before an individual fully recognises the problem.

For people who rely on their phones for work and communication and can’t simply ‘switch off’, what practical, realistic steps can they take to build healthier digital habits without disconnecting completely?

Since digital technology is often essential for work and communication, the goal is to reduce its excessive use and practice healthy habits. I recommend identifying what technology is truly necessary for work and setting firmer boundaries outside work hours.

Some ideas that may work include removing work email from phones during vacation time, creating device-free periods, and keeping phones or tablets out of the bedroom at night. I encourage trying to run “experiments,” such as testing short periods away from devices and evaluating what actually happens, rather than assuming negative effects. These experiments help people gradually build healthier habits and reduce anxiety around online disconnection.

Read: Staying calm in uncertain times: Here’s what UAE mental health professionals advise

Expo City awards first Green Licences to six sustainability firms

The Expo Green Licence introduces a dedicated qualification framework requiring businesses to demonstrate established environmental, social and governance (ESG) credentials or provide evidence of scalable sustainability-focused products and services

Rajiv Pillai
Rajiv Pillai

07 July, 2026

Expo City awards first Green Licences to six sustainability firms

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Expo City Dubai has issued the first Expo Green Licences to six businesses, marking a key milestone in the development of the UAE’s first Green Innovation District and strengthening the country’s ambitions to become a hub for sustainable business and climate-focused innovation.

Developed by Expo City Dubai in partnership with the UAE Ministry of Economy and Tourism, the Expo Green Licence is designed to support sustainability-led businesses by providing a dedicated licensing framework and access to incentives that encourage innovation, growth and collaboration.

The first cohort of licensees spans sectors including climate technology, waste management, circular economy and environmental services, with the initiative forming part of a broader pipeline of local and international companies seeking to establish operations within the Green Innovation District.

Reem Al Hashimy, UAE minister of state for international cooperation and CEO of Expo City Dubai Authority, said: “Attracting, enabling and scaling sustainability-focused business, innovation and talent is integral to the Green Innovation District’s mission to deliver measurable environmental, economic and social impact and directly aligns with an enhanced nationwide focus on strengthening local industry. We are proud to advance the District’s mission as we grant the first green licences – entrusted to these pioneering organisations that now form part of a collaborative, solutions-driven ecosystem that will contribute to UAE’s net zero and economic diversification ambitions, helping to create a brighter future for generations to come.”

Abdulla Bin Touq Al Marri, UAE minister of economy and tourism and chairman of the UAE Circular Economy Council, said the initiative supports the country’s long-term economic diversification and sustainability goals by encouraging innovation-led green businesses.

The first companies to receive Expo Green Licences include AirJoule, which develops atmospheric water harvesting technology; WAT (We Are Tech), a Dubai-based electronic waste management company; and Polygreen, a provider of circular economy and waste management solutions.

The inaugural group also includes Carbon Assurance, the first UAE-established organisation accredited by the Emirates International Accreditation Centre (EIAC) for greenhouse gas validation and verification; Carbon Standard, which supports governments and businesses with emissions measurement and sustainability strategies; and RBT Collective, a long-standing Expo City partner focused on food rescue and circular food systems.

The Expo Green Licence introduces a dedicated qualification framework requiring businesses to demonstrate established environmental, social and governance (ESG) credentials or provide evidence of scalable sustainability-focused products and services. Smaller companies are assessed individually by Expo City’s in-house sustainability specialists.

Successful applicants receive a support package valued at more than Dhs400,000, including discounted business setup costs, sustainability advisory services, collaboration opportunities and promotional support.

Licence holders will also gain access to local and international business missions through the Ministry of Economy and Tourism, collaboration opportunities with the UAE’s sustainability platform MAJRA, participation in the Green Majlis leadership forum and future fast-track intellectual property support through the ministry’s planned on-site Green IP office.

Expo City said the licensing initiative forms a key component of the Green Innovation District, which combines sustainable infrastructure, research and development facilities, light manufacturing capabilities and access to funding networks to accelerate the commercialisation of climate technologies, circular economy solutions and clean-tech innovation.

Qatar LNG vessel hit and damaged while transiting Strait of Hormuz

The vessel, Al Rekayyat, was loaded with liquefied natural gas and sent out distress signals seeking assistance after it was hit on its port side

Reuters
Reuters

07 July, 2026

Qatar LNG vessel hit and damaged while transiting Strait of Hormuz

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A Qatari LNG tanker suffered significant damage after the vessel was hit as it travelled through the Omani side of the Strait of Hormuz, four sources with knowledge of the matter said on Tuesday, after reports that Iran’s Revolutionary Guards fired missiles at ships transiting the waterway overnight.

It is the first time an LNG ship from Qatar, which is a mediator in the talks between Washington and Tehran, has been struck since the start of the Iran war at the end of February.

The vessel, Al Rekayyat, was loaded with liquefied natural gas and sent out distress signals seeking assistance after it was hit on its port side, one of the sources said, adding the crew were safe. The engine room was on fire and filled with smoke and the crew was unable to assess further damage, they added.

The reports underscored the persistent risks to shipping around the Strait of Hormuz despite the safe passage provisions included in an interim agreement between Washington and Tehran. Iran’s assertion of control over the narrow waterway between it and Oman, through which about a fifth of global oil shipments passed before the conflict, has emerged as one of the most contentious consequences of the US-Israeli war with Iran.

“Now if we use the 100 per cent safe Iranian waters, it means we are dealing with Iranians and admitting the SOH is under their control. If we pass through US/Oman, then you get hit,” one of the sources said.

“The US gives you permission to pass but if something happens on the way, they then say, ‘It is your decision to keep moving or go back’.”

The sources declined to be named because they were not authorised to speak with the media.

The Al Rekayyat is owned and managed by Nakilat, also known as Qatar Gas Transport Company Ltd, which operates one of the world’s largest LNG shipping fleets. LSEG shipping data showed it last transmitted its location on June 18, indicating it was travelling with its transponders switched off.

Renewed US threats

Axios earlier reported the IRGC fired at least two missiles at commercial ships transiting through the Strait of Hormuz on Monday night, citing two US officials. Two commercial ships suffered significant damage but there were no casualties, the report said, citing a US official.

The Al Rekayyat’s location at the time it was hit, given by one of the sources, matches the position described in an advisory from Britain’s maritime security agency, indicating it was the tanker involved in that incident. The United Kingdom Maritime Trade Operations agency (UKMTO) said the tanker was struck on its port side by an unknown projectile while travelling southbound about 8 nautical miles (15 km) east of Oman’s Limah, causing a fire. No casualties or environmental impact had been reported, UKMTO said.

Reuters could not immediately verify the Axios report, and could not determine whether the Al Rekayyat was among the two ships it described.

Nakilat, QatarEnergy, Qatar’s International Media Office and US Central Command did not immediately respond to requests for comment.

Indirect US-Iran talks ​ended last week without any public sign of headway toward ​a lasting peace, despite a 60-day ceasefire intended to ⁠create space for diplomacy to end the conflict.

President Donald Trump said on Monday the US would either reach a deal with Iran or “finish the job,” renewing his threat of military action as Tehran projects defiance following the funeral of Supreme Leader Ayatollah Ali Khamenei, who was killed in the initial US-Israeli attacks.

Iran’s Revolutionary Guards warned ships via maritime radio over the weekend that “our missiles and drones are ready to fire at you,” the Wall Street Journal reported on Monday, quoting from a recording it obtained.

Investors have been keeping a close eye on talks between the US and Iran over the fate of shipping through the Strait of Hormuz while tracking the recovery in Gulf oil exports.

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