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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

Members of the paramilitary Popular Mobilisation Forces (PMF) take part in their graduation ceremony at a military camp in Kerbala, Iraq August 30, 2019. REUTERS/Abdullah Dhiaa Al-Deen - RC1D99820E90

US pushes Iraq to integrate Iran-backed PMU militias after strikes

The Donald Trump administration is calling on Iraq to demobilize Iranian-backed Popular Mobilization Units after renewed rocket strikes hit near the US Embassy in Baghdad.

NEW YORK, NEW YORK - SEPTEMBER 24: Lolwah Rashid Al-Khater, Spokesperson of the Ministry of Foreign Affairs of the State of Qatar, speaks at the APCO backstage studio during the 2019 Concordia Annual Summit - Day 2 at Grand Hyatt New York on September 24, 2019 in New York City. (Photo by Leigh Vogel/Getty Images for Concordia Summit)

Interview

Qatar spokesperson: Blockade 'existential threat' to GCC

In an exclusive interview with Al-Monitor, Qatar’s Foreign Ministry spokesperson remains optimistic that diplomacy in Afghanistan remains possible.

U.S. Secretary of State Mike Pompeo is greeted by Bahraini Foreign Minister Khalid bin Ahmed Al Khalifa after arriving at Manama International Airport in Manama, Bahrain, January 11, 2019. Andrew Caballero-Reynolds/Pool via REUTERS - RC18014FB370

Bahrain would welcome 'new JCPOA' if Iran ends 'toxic' behavior

In an exclusive interview with Al-Monitor, Sheikh Khalid bin Ahmed Al Khalifa, the foreign minister of Bahrain, says his country is "not shy" about working with the United States to support peace and prosperity in the region.

US embassy charge d'affaires Jeffrey Hovenier (L) leaves the Caglayan courthouse on May 15, 2019, in Istanbul, after US consular staffer Metin Topuz was ordered to remain in custody after the latest hearing in his trial on espionage charges -- part of a growing rift between Washington and Ankara. - Topuz was arrested in 2017 and accused of contacts with police and a prosecutor suspected of ties to US-based Muslim preacher Fethullah Gulen, who Ankara says ordered an attempted coup in 2016. (Photo by Bulent

Intel: How Congress is trying to get US prisoners out of Saudi Arabia, Egypt and Turkey

Kuwait asks Saudi Arabia to release Palestinian detainees

Kuwait is negotiating to secure the release of dozens of Hamas members who have spent months in Saudi Arabian prisons with no explanation provided.

Will Houthis follow up on their threats to hit UAE targets?

The Houthis announced a halt in hostilities against Saudi Arabia but said nothing about the United Arab Emirates, raising questions about how serious the group is about carrying out threats to target the UAE.

French President Emmanuel Macron shakes hands with Iranian President Hassan Rouhani during their meeting on the sidelines of the United Nations General Assembly in New York, U.S., September 23, 2019. REUTERS/John Irish - RC1C497E08B0

Rouhani dismisses European statement on Iran role in Saudi attacks

The Iranian president is in New York with a "peace initiative" meant to resolve regional tensions at a time when pressure is building on Tehran over its alleged involvement in attacks on Saudi oil facilities.

Former diplomat: Iran attacks create opportunity for talks

The Donald Trump administration should use the investigation into suspected Iranian attacks on Saudi oil facilities to de-escalate regional tensions, a former top US diplomat said at an Al-Monitor event Sept. 24.

A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019. REUTERS/Hamad l Mohammed - RC1941E02750

Does Russia benefit from attack on Saudi oil facility?

The attacks on Saudi oil production facilities may bring Russia some short-term benefits, but the picture becomes more complicated in the long run.

F/A-18F aircrafts are seen on the deck of USS Abraham Lincoln in the Gulf of Oman near the Strait of Hormuz July 15, 2019. Picture taken July 15, 2019. REUTERS/Ahmed Jadallah TPX IMAGES OF THE DAY - RC1D37D6D440

Trump faces skepticism from allies amid troop deployment

The Donald Trump administration will deploy a fresh detachment of US troops to Saudi Arabia after blaming Iran for an attack against a major oil production facility just days ago.

Iran's Foreign Minister Javad Zarif attends a news conference with Russia's Foreign Minister Sergei Lavrov (not pictured) after their meeting in Moscow, Russia, September 2, 2019. REUTERS/Evgenia Novozhenina - RC1C1AE4C400

Zarif: Attack on Iran would mean 'all-out war'

Iranian officials have said that if the United States or Saudi Arabia strikes Iran over the recent attack on Saudi oil facilities, it is prepared to defend itself.

What is happening behind the scenes in the Yemen talks?

Saudi Arabia and the United Arab Emirates are trying to consolidate their military influence in Yemen through talks in Jeddah.