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November 2, 2026

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Traders work on the floor of the New York Stock Exchange at the opening bell, New York City, Sept. 28, 2026.

Oil tops $114 as traders brace for Iran escalation after US midterms

On Friday, BP posted its highest profits in 18 years as a result of the Iran conflict, which has driven up oil and gas margins.

Security forces stand guard in front of a banner showing the Kaaba during a protest by supporters of the Houthi authorities against the Saudi intervention in Yemen and against Saudi Arabia's recent accusation that the Houthis fired at the holy city of Mecca, in Sanaa on Sept. 18, 2026.

Russian satellite data helped Yemen’s Houthis target Saudi Arabia: What to know

A report by The Associated Press found evidence that Russian satellites helped Yemen’s Houthis identify and target specific sites, including energy facilities and military bases, in Saudi Arabia.

A woman walks past a mural bearing the Iranian national flag

Analysis

How wartime urgency pushed Iran to court Saudi Arabia, Turkey, Pakistan

Tehran's push for a regional security order independent of Washington could be gaining diplomatic momentum, but the Islamic Republic has competing, if not conflicting, strategic priorities with the countries it hopes to engage.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

BILAL QABALAN/AFP via Getty Images

Saudi oil infrastructure in crosshairs as Houthis claim Ras Tanura strike

Ras Tanura is home to the kingdom’s largest refinery and one of the world’s most important oil export terminals.

Latest News

Explainer

As parliament approves, what's driving Egypt's 'defensive' support to Saudi Arabia?

Egyptian soldiers man an infantry fighting vehicle

Riyadh airport reopening faces turbulence as Houthis claim new strikes

A man looks at a screen displaying the flight schedule at the Hazrat Shahjalal International Airport in Dhaka, on Oct. 12, 2026, as Saudi Arabia-bound flights remain canceled a day after a Houthi strike at Riyadh's international airport.

Saudi Arabia’s KBS, top Turkish and Pakistani officials hold rare meeting in Iran: What to know

GEOFFROY VAN DER HASSELT/AFP via Getty Images

Samuel Wendel

Senior Analyst, Middle East Business & Tech

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

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

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

A delivery man wearing a protective face mask rides his bicycle, amid fear of coronavirus disease (COVID-19), in Sanaa, Yemen April 10, 2020. REUTERS/Mohamed al-Sayaghi - RC2Q1G92ES6L

Report: Yemen has more coronavirus cases than official numbers show

Houthi authorities have not reported test results for many suspected coronavirus cases, news organizations say.

An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov - RC23VF99O3SV

Saudi Aramco first-quarter revenues fall

The state-owned company still had a profit of $16.7 billion and gave its shareholders a big payout.

Yemeni government vows to confront southern rebellion

Yemen's internationally recognized government pledged to respond to any attacks from the UAE-backed Southern Transitional Council in the country's south.

Medical workers wait for mock victims to arrive by ambulance to Chaim Sheba Medical Center near Tel Aviv during a drill simulating a biological attack January 13, 2010. REUTERS/Gil Cohen Magen (ISRAEL - Tags: HEALTH) - GM1E61D1ME901

Coronavirus offers Israel opportunity to strengthen ties with Gulf states

Despite recent condemnation by Gulf states of Prime Minister Benjamin Netanyahu's plans to annex parts of the West Bank this summer, there are signs that Israeli-Gulf ties might benefit from shared concern over COVID-19.

U.S. Defense Secretary Mark Esper speaks with U.S. troops in front of a Patriot missile battery at Prince Sultan Air Base in Saudi Arabia October 22, 2019. REUTERS/Idrees Ali - RC1642C0F3F0

Intel: US to withdraw Patriot missile systems from Saudi Arabia

The Pentagon is set to pull Patriot missile defense systems from Saudi Arabia amid internal pressure to transfer military assets to counter China.

U.S. President Donald Trump speaks during a coronavirus response event in the Blue Room at the White House in Washington, U.S., May 1, 2020. REUTERS/Carlos Barria - RC2WFG9ZBEP0

Trump blasts Republicans who voted for Iran war powers bill as Senate fails to override veto

President Donald Trump laid into some of his close Senate allies for siding with Democrats on an Iran war powers bill even as Congress failed to override his veto.

A woman wearing a protective mask walks at a shopping mall after the Saudi government eased a curfew and allowed stores to open, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia May 2, 2020. REUTERS/Ahmed Yosri - RC2JGG9YJCK0

New police unit to enforce Saudi Arabia’s latest virus restrictions

The country's Interior Ministry also announced a new round of hefty fines for quarantine violators.

Sep 26, 2019; Doha, Qatar; General overall view of the Doha downtown city center skyline and cityscape and the Doha Bay. Doha is the site of the 2019 IAAF World Athletics Championships and the 2022 FIFA World Cup. Mandatory Credit: Kirby Lee-USA TODAY Sports - 13417265

Qatar coup rumors leave trail to regional rivals

An apparently doctored video made the rounds on Twitter Monday suggesting a coup was under way in Qatar.

A Saudi money exchanger wears a protective face mask and gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020. REUTERS/Ahmed Yosri - RC2ZGF9MUSEW

Saudi Arabia braces for economic impact

Saudi Arabia and other Gulf Cooperation Council states must make dramatic cuts in spending, and not just on megaprojects, as unsustainably large annual deficits have arrived.

Saudi-led coalition spokesman, Colonel Turki al-Malki, displays the debris of a ballistic missile which he says was launched by Yemen's Houthi group towards the capital Riyadh, during a news conference in Riyadh, Saudi Arabia March 29, 2020. REUTERS/Ahmed Yosri - RC2VTF9ERLB8

Houthis fire ballistic missiles despite Yemen cease-fire, say Saudis

A spokesperson for the Saudi-led coalition in Yemen has accused the Iran-aligned rebels of launching ballistic missiles in violation of a unilateral cease-fire.

A Saudi man stands in front of a screen of stock prices at ANB Bank in Riyadh, Saudi Arabia March 15, 2020. REUTERS/Ahmed Yosri - RC2AKF95RT3F

Report: Private sectors in UAE, Egyptian, Saudi economies suffer dramatic losses

IHS Markit, a global information provider, shows how the private sector has suffered major blows in the UAE, Egypt and Saudi Arabia.

A general view of the morning sky over the White House in Washington, U.S., May 6, 2019. REUTERS/Jonathan Ernst - RC1135DDD470

Intel: White House refuses to detail secretive Saudi nuclear talks to government watchdog

The Donald Trump administration refused to disclose details of its talks with Saudi Arabia about possible cooperation on a civil nuclear program, according to a Government Accountability Office report released on Monday.