Economy and trade

France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

France, Saudi Arabia announce more than $10B in deals on MBS visit

Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris.

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

King Abdullah II arrives in Beijing, Aug. 20, 2026. Photo from Xinhua/Chen Yehua.

Explainer

King Abdullah visits China as region hedges against US unpredictability

With no end in sight to the war in Iran and an unchecked Israeli policy across the region, the kingdom is hedging against future uncertainty and a less predictable US policy.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

Latest News

Jordan's King Abdullah heads to China in first visit since 2015: What to know

Chinese President Xi Jinping (R) shakes hands with King of Jordan Abdullah II during a signing ceremony at The Great Hall Of The People on Sept. 9, 2015, in Beijing, China.

Kuwait's LNG imports climb to highest level since start of Iran war

The Al-Riqqa oil tanker (L) and Al-Yarmouk oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

Building construction at the Red Sea in Egypt.

Analysis

Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington

US President Donald Trump (R) meets with Jordanian King Abdullah II in the Oval Office of the White House, Washington, DC, Feb. 11, 2025.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Michael M. Santiago/Getty Images

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.

JOSEPH EID/AFP via Getty Images

Lebanon’s Riad Salameh hospitalized as arrest roils Beirut: What to know

Lebanon's former Central Bank governor, Riad Salameh, was taken from prison to a hospital over his deteriorating health.

Fayez Nureldine / AFP via Getty Images

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

The kingdom saw a 24.7% year-on-year decline in its oil sector for the April 1 to June 30 period due to the closure of the Strait of Hormuz.

Iraqi Prime Minister Ali al-Zaidi speaks during a meeting with US Secretary of Defense Pete Hegseth (not pictured) at the Pentagon on July 14, 2026 in Arlington, Virginia.

Zaidi to meet Erdogan as Turkey-Iraq ties take off, Kurds feel sidelined

The Iraqi prime minister's visits to Ankara and Riyadh underscore Baghdad's push to deepen regional ties as Turkey seeks closer cooperation on energy and security.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

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

Iran says it is still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States after President Donald Trump halted a two-week bombing campaign.

Spectators look on as an A350-1000 by the European plane maker Airbus takes off on the second day of the Farnborough International Airshow 2026, Farnborough, July 21, 2026.

Explainer

Saudi airlines outbuy Gulf rivals at Farnborough air show: What to know

Saudi airlines emerged as the Middle East's biggest buyers at the international event, while the Gulf's three largest carriers browsed.

United Arab Emirates

Win McNamee/Getty Images

Explainer

How US bid prevailed over China, France, Russia in Saudi nuclear deal

The Trump administration has made American nuclear technology a major priority with an $80 billion investment in the sector, including nearly $18 billion in loans to Westinghouse Electric Company to develop its AP1000 reactor lines.

A pickup truck carrying a turret is pictured as fighters supporting the Aden-based and internationally recognized Yemeni government gather along the Red Sea shore in Khokha, in Yemen's western Hodeidah province on July 20, 2026.

Houthis warn shipping firms to avoid Saudi ports or face attack: What to know

The Houthi militia reportedly emailed multiple shipping companies on Tuesday, warning them of the consequences of visiting Saudi ports.

Amir Hossein KHORGOOEI / ISNA / AFP via Getty Images

Oil tops $90 as Iran warns Hormuz 'will not be safe'

Tensions escalated further after Iran's Islamic Revolutionary Guard Corps vowed on Monday that not a "single drop" of oil or gas would pass through the Strait of Hormuz.

Director of European Affairs and Customs at La Poste Groupe Christelle Defaye-Geneste (L) and Morocco's Minister of Industry and Trade Ryad Mezzour (R) sign agreements between La Poste Groupe and Barid Al-Maghrib, alongside France's Prime Minister Sebastien Lecornu (C-L) and his Moroccan counterpart, Aziz Akhannouch, during a meeting in Rabat on July 16, 2026.

Explainer

France-Morocco ties get an energy jolt as historic heatwaves pressure Europe

During Prime Minister Sebastien Lecornu's visit to Morocco on Thursday, the two countries spotlighted plans to explore an electricity interconnection that could one day deliver Moroccan renewable power to France.

A ship sails off the coast of Ajman on July 10, 2026.

Interview

Why Strait of Hormuz no longer rattles oil markets as much: IMF

The fund's Middle East director, Jihad Azour, told Al-Monitor that the big Gulf energy producers now have more capacity to absorb the shock.

Jihad Azour

Jihad Azour

Director of the Middle East and Central Asia Department at the International Monetary Fund