Iran-Israel

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US stock markets soar to new records amid Hormuz deal hopes

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are on track for their best five-day performance since April 2025.

Iranian Foreign Minister Abbas Araghchi (L), Iranian parliament speaker Mohammad Bagher Ghalibaf (2nd L) and Omani Foreign Minister Badr bin Hamad Al Busaidi (R) attend a meeting in Muscat, Oman, on June 22, 2026.

Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

The new framework would give Iran a greater role in managing one of the world’s most strategically important maritime choke points.

SAEED KHAN / AFP via Getty Images

Oil falls 5% after Trump calls off Iran strikes, says Hormuz deal agreed

Oil prices fell after President Donald Trump said on Sunday that he had suspended planned strikes on Iran following a request from Tehran and other Middle Eastern countries.

A Saudi navy ship is pictured docked at King Faisal navy base in Jeddah before the departure of a team to Port Sudan to help with the evacuation efforts of people fleeing Sudan, on April 29, 2023.

Turkey, Pakistan among 14 countries backing Saudi Arabia's anti-Houthi Red Sea alliance

Riyadh won political backing from 14 countries for its proposed maritime defense coalition, but members have yet to commit to joining as Washington weighs its position.

Latest News

Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know

Fayez Nureldine / AFP via Getty Images

Oil falls 9.5% in steepest drop in months as Iran, US pause attacks

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Analysis

How Gulf banks are absorbing Iran war shocks

A man counts Saudi riyal banknotes in the capital, Riyadh, Oct. 3, 2016.

In Bristol, reporting on regional business, climate change, AI, tech

Oil tops $100 for first time since May after Houthi tanker strikes, Trump threats

A vessel transits the Suez Canal toward the Red Sea amid Houthi attacks on shipping, Nov. 3, 2024.

Armenia's Prime Minister Nikol Pashinyan (R) shakes hands with Iran's President Masoud Pezeshkian during his visit in Yerevan on July 19, 2025. (Photo by KAREN MINASYAN / AFP) (Photo by KAREN MINASYAN/AFP via Getty Images)

Feature

Armenia's Pashinyan keeps Iran close while wooing Trump, Turkey and Azerbaijan

As Yerevan pursues normalization with Turkey and Azerbaijan and backs a US-led transport corridor, Prime Minister Nikol Pashinyan is working to reassure an increasingly assertive Iran that its interests won't be threatened.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

A cargo ship is pictured off coast of the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on June 28, 2026.

Oil soars more than 6% as Trump rules out Iran deal, threatens more strikes

Oil prices had been recovering following a memorandum of understanding signed last month to end the war, but they rose by more than 6% early on Wednesday.

U.S. President Donald Trump meets with NATO Secretary General Mark Rutte (not shown) for bilateral talks at Beştepe Presidential Compound during the NATO Summit on July 08, 2026 in Ankara, Turkey. Leaders from NATO's 32 countries, plus NATO allies like Ukraine, gathered in the Turkish capital to discuss a range of issues involving spending targets, defense industrial production, and support for Ukraine, among other topics. (Photo by Win McNamee/Getty Images)

Trump declares MoU with Iran 'over' as Hegseth cancels trip to Israel

Trump said diplomacy with Tehran was “a waste of time” after renewed attacks around Hormuz, as US defense chief reportedly cancels Israel visit.

Froun

Explainer

Lebanon's latest damage estimate outlines reconstruction challenge

More than 1 million Lebanese residents fled their homes after Israeli attacks in southern Lebanon intensified in March, when Hezbollah entered the conflict.

Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reo

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28.

An aerial view shows port of the western Syrian port city of Latakia, on Dec. 18, 2024.

Analysis

Can a UAE-backed Syria-Iraq corridor become Gulf's next trade route?

On June 26, Emirati and Syrian officials discussed plans for a logistics corridor connecting Syrian ports to Gulf markets via Iraq.

In Bristol, reporting on regional business, climate change, AI, tech

Motorists drive past a billboard bearing a picture of Iran's slain supreme leader Ali Khamenei, ahead of his funeral in Tehran on July 3, 2026. Iranian leaders began paying their respects on July 3 before the coffin of the country's late supreme leader Ali Khamenei, killed in the US-Israeli strikes that triggered the Middle East war, as Tehran prepared for a vast funeral. Khamenei's body arrived at Tehran's Grand Mosalla on July 3 ahead of ceremonies which are expected to draw millions. (Photo by AFP via Ge

Analysis

As US-Iran talks falter, Israel views war outcome as 'total strategic failure’

Israeli officials believe the US failure to attain the kind of agreement with Iran that it originally sought stems from the strategic mistakes made during and after the recent war.

In Tel Aviv, reporting on national security, Israeli politics, defense

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

China's Foreign Minister Wang Yi (R) shakes hands with Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023. The international community must take urgent action to stop the "humanitarian disaster" unfolding in Gaza, Chinese Foreign Minister Wang Yi told visiting diplomats from Arab and Muslim-majority nations on Novembe

Explainer

Saudi FM concludes China visit amid Trump-MBS friction: What to know

Saudi Arabia is still absorbing the war’s security fallout and is widening its circle by leaning more on Beijing as a diplomatic counterweight to Washington and as a partner that can engage Tehran.

Members of the crowd wave Iranian flags during a funeral procession held for IRGC Navy Chief Alireza Tangsiri.

3 IRGC members killed in twin attacks as Iran intensifies Kurdish crackdown

At least three members of Iran’s Islamic Revolutionary Guard Corps were killed in separate armed attacks across Iran, including one in western Iran near the border with Iraqi Kurdistan, where authorities have intensified their crackdown on Kurdish groups.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

Jalaa MAREY / AFP via Getty Images

Iran vows to respond to Israeli military using neighboring airspace: What to know

Iran’s military headquarters said it “considers responding to these dangerous actions as its right” after alleging that Israeli jets have been operating in the airspace of neighboring countries near Iran.