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November 3, 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 man walks at the scene of an air strike that hit a gas station near a hospital in Kutaf district of the northwestern province of Saada, Yemen March 28, 2019. REUTERS/Naif Rahma - RC19E8A2B540

Democrats move to defund Yemen war after veto defeat

After failing to override a presidential veto on ending US support for the Saudi-led coalition in Yemen, Congress is looking for new ways to tie the Trump administration’s hands.

Yemeni members of the southern separatist movement, loyal to President Abedrabbo Mansour Hadi, stand next to a tank on April 15, 2015 in Aden's northern suburbs. Saudi-led coalition air strikes hit rebel targets in the Yemen's main southern city after overnight attacks by anti-government forces killed seven people, military sources and medics said. AFP PHOTO / SALEH AL-OBEIDI (Photo credit should read SALEH AL-OBEIDI/AFP/Getty Images)

Yemen's divided parliament growing further apart

Literally and figuratively, the two sides of Yemen's split parliament are miles away from each other and show no sign of reconciliation.

An undated picture taken in 2016 shows a man walking past images of executed Shiite cleric Nimr al-Nimr on a wall in the Awamiya area in Saudi Arabia's Eastern province.

In a Sunni-majority kingdom where banners of King Salman, his crown prince and deputy crown prince are widely displayed, the homage paid to Nimr is unusual and provocative.

/ AFP / STRINGER (Photo credit should read STRINGER/AFP/Getty Images)

Trump pressed to punish Saudi Arabia over religious intolerance

A federal commission on religious freedom wants the president to end a decadelong pass for Riyadh.

Case of runaway sisters highlights ongoing plight of Saudi women

After their case made international headlines this month, one of the Saudi sisters who fled abroad spoke to Al-Monitor about the kingdom’s “flawed justice system” and called on the leadership to carry through with better reforms.

Qatar's Emir Sheikh Tamim bin Hamad al-Thani speaks to the country's consultative Shoura council in Doha, Qatar, November 6, 2018. Qatar News Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC1FF5F57E20

Qatar’s first elections since 2017 reveal unexpected impact of GCC crisis

Turnout in the Qatari municipal elections has declined, suggesting a Qatari citizenry that is slightly less engaged in the formal political process in the wake of the GCC crisis.

Iran's Supreme Leader Ayatollah Ali Khamenei delivers a speech during a ceremony marking the death anniversary of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini, in Tehran, Iran, June 4, 2017. TIMA via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RC16ADBF0A50

Iran leadership shrugs off US oil sanctions, pledges response

Iran's supreme leader says the US plan to cap the flow of his country's oil will lead nowhere, pledging a "response to the US hostility."

Oman’s rising diplomatic role in Yemen met with mixed reaction in GCC

Oman's strategy of constructive engagement with the Houthis has been met with pushback from Saudi Arabia and the UAE.

Turkish Foreign Minister Mevlut Cavusoglu (C) and Iranian Foreign Minister Mohammad Javad Zarif (2L) give a press conference in Ankara, Turkey, on April 17, 2019. (Photo by Adem ALTAN / AFP) (Photo credit should read ADEM ALTAN/AFP/Getty Images)

Iran sets up trade vehicle with Turkey as Saudi, UAE send flood aid

Iranian Foreign Minister Mohammad Javad Zarif said relations with Turkey are the best they’ve been in decades, while Rouhani struck a conciliatory tone amid Saudi and Emirati flood aid.

Sudan’s President Omer Al Bashir welcomes Turkey's President Recep Tayyip Erdogan at Khartoum Airport, Sudan December 24, 2017. REUTERS/Mohamed Nureldin Abdallah - RC1EBBF69470

Erdogan claims Sudanese coup actually targeted Turkey

Now that the Sudanese military has ousted the president who ruled there for three decades, it will be interesting to see how the new administration will approach Omar al-Bashir's longtime friend, Turkish President Recep Tayyip Erdogan.

A man walks past a currency exchange bureau advertisement showing images of the U.S. dollar and other currencies in Cairo, Egypt, April 2, 2019. REUTERS/Mohamed Abd El Ghany - RC1BF9442E80

Is debt answer to Middle East economic troubles?

The forecast for growth across the Middle East and North Africa is bleak. Unfortunately for the regions, heavy debt appears to be one way out.

Tunisian President Beji Caid Essebsi stands with Saudi Arabia's King Salman bin Abdulaziz and Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah during the group photo with Arab leaders, ahead of the 30th Arab Summit in Tunis, Tunisia March 31, 2019. REUTERS/Zoubeir Souissi/Pool - RC17FA0F57C0

King Salman is back in the saddle

With the crown prince's international reputation tarnished, King Salman of Saudi Arabia has stepped in and resumed traveling, hoping to regain control of the kingdom's image abroad.

A supporter of the Houthi movement looks as he holds up a rifle during a rally to mark the 4th anniversary of the Saudi-led military intervention in Yemen's war, in Sanaa, Yemen March 26, 2019. REUTERS/Khaled Abdullah - RC1A7AFBD220

Congress stares down Trump on Yemen war

After five votes, Congress has finally passed a bill ending US support for the Saudi-led coalition fighting in Yemen, but it faces a likely veto from President Donald Trump.