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.

Vessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman's northern Musandam Peninsula, on May 17, 2026.

Analysis

Turkey pushes Iraq, Syria trade routes as Hormuz crisis disrupts Gulf shipping

Turkey is using the Hormuz crisis to promote Iraq- and Syria-based Gulf-Europe corridors, but experts say the routes remain too costly, underbuilt and politically fragile to rival maritime shipping.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

BOUREIMA HAMA/AFP via Getty Images

Algeria begins work on Trans-Saharan gas pipeline to Europe

Algerian state-owned energy giant Sonatrach will build a section of the pipeline and connect it to an existing system in the southwestern Aoulef region that supplies Europe.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

How Iran war created unexpected economic beneficiaries

The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East.

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025.

UAE eyes first multifuel pipeline as Hormuz crisis drags on

State-owned Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the Strait of Hormuz.

United Arab Emirates

People stand in front of the Arrow 3 shield system during an event of the German Air Force to declare the Initial Operating Capability for the Arrow Weapon System for Germany at the Annaburger Heide Air Base in Schoenewalde / Holzdorf, eastern Germany, on Dec. 3, 2025.

Record Israeli arms exports highlight global rush for air defense

Rocket and air defense systems sales accounted for 29% of Israel's defense exports in 2025.

The symbols of bitcoin and the stablecoin Tether (USDT) are displayed at a cryptocurrency store in Hong Kong on July 29, 2025.

Interview

Saudi Arabia eyes state-backed stablecoin amid digital finance push

Tokenization in Saudi Arabia has rapidly evolved from concept to early-stage execution since the early 2020s.

Mario Tama/Getty Images

Container rates climb as logistic firms scale up Hormuz alternatives

The Drewry World Container Index measuring container shipping prices has soared by more than 40% since the start of the US-Israel-Iran war.

United Arab Emirates

PALM BEACH, FLORIDA - DECEMBER 29: (EDITOR'S NOTE: Alternate crop) U.S. President Donald Trump welcomes Israeli Prime Minister Benjamin Netanyahu to his Mar-a-Lago club on December 29, 2025 in Palm Beach, Florida. The two leaders are scheduled to hold a bilateral meeting to discuss regional security in the Middle East as well as the U.S.-Israel partnership. (Photo by Joe Raedle/Getty Images)

Exclusive

Trump 'hit the brakes': Netanyahu's circle faults US president for failed Iran regime change, looming deal

With regime in Iran still standing and a possible US-Iran agreement, Israeli Prime Minister Benjamin Netanyahu stands to pay the ultimate political price as elections near in Israel.

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

Iran's Parliament Speaker Mohammad Bagher Ghalibaf speaks during an election campaign rally ahead of the presidential vote in Tehran on June 15, 2024.

Explainer

From China to Qatar: Where Iran’s frozen assets are held

Tehran is reportedly demanding some $24 billion in frozen funds be unblocked as part of a peace deal with the United States.

Chip Somodevilla/Getty Images

Analysis

'Very bad news’: Israel alarmed as Trump pushes ahead toward Iran deal

Israel fears that Iran could emerge from the war strengthened by access to its frozen financial assets and regional acceptance of its dominance over the Strait of Hormuz and potentially resume its nuclear program.

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

Vessels are anchored off the coast of Sharjah in the United Arab Emirates on May 21, 2026.

Oil tumbles as Iran signals Hormuz could open within 30 days

Traders continue to bet that a resolution to end the US-Israel-Iran war is near.

Muslim worshippers walk along the Grand Mosque complex in the holy city of Mecca on May 22, 2026, ahead of the annual Hajj pilgrimage.

Gulf celebrates Eid al-Adha under shadow of war

The holiday marks the first time in decades that Gulf states are observing one of Islam’s holiest celebrations against the backdrop of a regional conflict.

United Arab Emirates