Economy and trade

Elke Scholiers/Getty Images

Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

A picture shows the four seasons hotel in Beirut with the snow covered mountain of Sannine in the background on March 8, 2019.

Explainer

Lebanon advances controversial $500K golden visa law: What to know

While its supporters say the scheme would help Lebanon's economy recover, critics say it could offer a channel for corruption.

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

The deadly explosion marks an early test of Gulf efforts to revive oil and gas production following a historic energy supply shock caused by the US-Israel-Iran war.

A worker counts banknotes after filling up the tank of a vehicle at a petrol station in Giza on March 10, 2026.

Interview

US-Egypt fund makes case for economic statecraft in hard power era

As Washington focuses on war and deterrence, the Egyptian-American Enterprise Fund argues private-sector investment can advance US strategic interests.

Cornelius Queen

Cornelius Queen

Senior Vice President of the Egyptian-American Enterprise Fund

Latest News

Oil falls more than 3% after Iran, US signal progress in talks

MUSCAT, OMAN - JUNE 21: Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 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 reopening is unclear amid continued fighting in Lebano

Analysis

US-Iran deal delivers $300 billion controversy, reconstruction questions

A woman walks past a billboard displaying Iran's national flag at Enghelab Square in Tehran on June 14, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Interview

Franco-Gulf investment holds firm despite Iran war, French official says

French Trade & Invest Commissioner for United Arab Emirates and Middle East and Business France's regional director for the Middle East Axel Baroux. — Business France

Axel Baroux

France’s trade and investment commissioner for the UAE and Middle East

Gulf investment to turn inward to rebuild postwar infrastructure: QNB

A picture taken on June 5, 2017, shows a man walking past the Qatar National Bank branch in the Saudi capital Riyadh.

ALAIN JOCARD/AFP via Getty Images

France blocks Israeli weapons display at Paris airshow: What to know

After their exclusion from the Eurosatory and Euronaval fairs, Israeli armament companies have now been prevented from participating in the Bourget defense show in Paris.

Lebanese Minister of Economy Amin Salam (R) vists the port of the capital Beirut, as a corner of the silos which were destroyed in a massive explosion on August 4, 2020, burns on July 14, 2022. - The fire at the port's blast-hit grain silos, at risk of collapse due to severe damage, ignited at the start of the month because of fermentation of remaining grain stocks paired with rising temperatures. (Photo by ANWAR AMRO / AFP) (Photo by ANWAR AMRO/AFP via Getty Images)

Lebanon arrests fmr economy minister Amin Salam on embezzlement charges

The arrest comes nearly a year after the former central bank chief was arrested on charges of embezzlement and money laundering, among other things.

A child crouches over cracked earth at al-Massira dam in Ouled Essi Masseoud village, some 140 kilometres (85 miles) south from Morocco's economic capital Casablanca, on Aug. 8, 2022 amidst the country's worst drought in at least four decades.

Morocco’s agricultural, fishing sectors plunge in 2024 amid drought, climate strain

Agriculture is a pillar of the Moroccan economy, and in 2023, it amounted to more than 11% of the country’s gross domestic product.

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egyptian President Abdel Fattah al-Sisi meet in Abu Dhabi on Jan. 17, 2025.

Egypt's Sisi in UAE to talk Gaza, regional security: What to know

Egypt and the UAE are close allies, coordinating in various regional issues while maintaining close economic relations.

Israeli Prime Minister Benjamin Netanyahu gives a press conference in Jerusalem, May 21, 2025.

Analysis

As Israel faces 'avalanche' of global criticism, Netanyahu fixated on Trump

Prime Minister Benjamin Netanyahu seems to be oblivious to the growing diplomatic isolation Israel is facing and possible repercussions on the country’s economy.

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

JAM STA ROSA/AFP via Getty Images

China expands visa-free policy to Saudi Arabia, Oman, Bahrain, Kuwait

During a landmark summit in Malaysia, China announced an exemption for nationals from Saudi Arabia, Oman, Bahrain and Kuwait from the need for entry visas.

Malaysia's Prime Minister Anwar Ibrahim (L) greets Saudi Arabia's Foreign Minister Prince Faisal bin Farhan al-Saud as he arrives for the 2nd ASEAN-Gulf Cooperation Council (GCC) Summit after the 46th Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur on May 27, 2025.

Gulf states court China, ASEAN at landmark Malaysia summit: What to know

The Gulf Cooperation Council’s summit with the Southeast Asia bloc was expanded to include China, bringing the emir of Qatar and Saudi Arabia’s top diplomat to Malaysia.

MARTIN BERTRAND/Hans Lucas/AFP via Getty Images

Exclusive

EU could partially suspend Israel's association agreement within weeks: Sources

European diplomats told Al-Monitor that in view of the worsening humanitarian crisis in Gaza, the European Commission is expected to present options to member states for pressuring Israel on the issue.

Rina Bassist

By Rina Bassist

In Paris, reporting on Israeli politics and European affairs

US Energy Secretary Chris Wright speaks with Al-Monitor president Andrew Parasiliti at an Al-Monitor Global Institute event in Washington, DC, May 22, 2025.

US backs more energy investment in Kurdistan region: Energy secretary

Speaking at the Al-Monitor Global Institute event, US Energy Secretary Chris Wright signaled American support for further investment in Iraqi Kurdistan’s hydrocarbon resources.

Qatar's Emir Sheikh Tamim bin Hamad Al Thani (R) sits next to US President Donald Trump as he speaks to Boeing CEO Kelly Ortberg (L).

Analysis

Trump’s Gulf trip lifts embattled Boeing with Qatar, UAE deals

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

BRENDAN SMIALOWSKI/AFP via Getty Images

AI chips, drones, jets: A look at Trump's $3.2 trillion megadeals during Gulf trip

Amid photo ops and lavish receptions, President Donald Trump’s Gulf trip yielded $3.2 trillion in announced deals with Saudi Arabia, Qatar, and the UAE — though some details remain vague.

Trump

In Gulf trip, Trump to prioritize blockbuster deals amid regional turmoil

President Donald Trump is set to land in Saudi Arabia on Tuesday, the first stop in a Gulf tour focused on securing massive investments.