Iran-Israel

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."

Ships are anchored in the Strait of Hormuz on Aug. 10, 2026, off the coast of Bandar Abbas, Iran.

Iran says understanding reached with Oman over new Hormuz route map

Iranian Foreign Ministry spokesperson Esmail Baghaei told reporters in Tehran on Monday that “an understanding has been reached regarding the map of the transit route.”

A photograph obtained from the Iranian Students’ News Agency shows an oil slick along the southern coast of Qeshm Island, Iran, August 13, 2026.

Oil spills off Oman, Iran's Qeshm Island reap environmental havoc amid war

One oil leak off the coast of Oman is estimated to cover more than 772 square miles, devastating local habitats.

port attack

Hormuz traffic sinks to one-week low as ships attacked, talks stagnate

The United States and Yemen's Houthi rebels carried out separate attacks on commercial ships on Tuesday in the Gulf of Oman and the Red Sea.

Latest News

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.

Analysis

As US rethinks regional presence, Israel shifts focus to destabilizing Iran

Hussein FALEH / AFP via Getty Images

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

US stock markets soar to new records amid Hormuz deal hopes

Michael M. Santiago/Getty Images

Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

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.

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

A general view of the Iranian Embassy on July 13, 2026, in London, England.

Analysis

How UK's IRGC designation raises stakes for Iran and Europe

Following Britain's designation, Iran has presented a unified front in which all institutions are projecting the IRGC as an integral component of national sovereignty.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

AFP via Getty Images

Oil prices climb to $85 as US-Iran attacks intensify, Hormuz traffic stalls

Brent crude traded at $85.02 a barrel at 11:44 a.m. EDT, up 2.06% from Monday's close after reaching $87.39 earlier on Tuesday.

Jim WATSON / AFP via Getty Images

Analysis

As US-Iran fighting resumes, Israel weighs 3 options with restraint winning, for now

Despite Israel's military readiness to resume strikes on Iran, officials say looming elections make Netanyahu more likely to stay out unless Tehran forces his hand.

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

US President Donald Trump walks to board Air Force One as he departs Bismarck Municipal Airport on July 01, 2026 in Bismarck, North Dakota.

Israel warns US of new Iran plot to assassinate Trump: What to know

US officials are reportedly still assessing the Israeli intelligence.

(Photo by ATTA KENARE / AFP via Getty Images) /

US strikes strategic railway bridge linking Iran to China: What to know

The railway bridge also links Tehran and other southern cities to Mashhad, where large crowds are gathering for the burial ceremony on Thursday of Ayatollah Ali Khamenei.

Armenia's Prime Minister Nikol Pashinyan (R) shakes hands with Iran's President Masoud Pezeshkian during his visit in Yerevan on July 19, 2025. (Photo by KAREN MINASYAN / AFP) (Photo by KAREN MINASYAN/AFP via Getty Images)

Feature

Armenia's Pashinyan keeps Iran close while wooing Trump, Turkey and Azerbaijan

As Yerevan pursues normalization with Turkey and Azerbaijan and backs a US-led transport corridor, Prime Minister Nikol Pashinyan is working to reassure an increasingly assertive Iran that its interests won't be threatened.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

A cargo ship is pictured off coast of the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on June 28, 2026.

Oil soars more than 6% as Trump rules out Iran deal, threatens more strikes

Oil prices had been recovering following a memorandum of understanding signed last month to end the war, but they rose by more than 6% early on Wednesday.

U.S. President Donald Trump meets with NATO Secretary General Mark Rutte (not shown) for bilateral talks at Beştepe Presidential Compound during the NATO Summit on July 08, 2026 in Ankara, Turkey. Leaders from NATO's 32 countries, plus NATO allies like Ukraine, gathered in the Turkish capital to discuss a range of issues involving spending targets, defense industrial production, and support for Ukraine, among other topics. (Photo by Win McNamee/Getty Images)

Trump declares MoU with Iran 'over' as Hegseth cancels trip to Israel

Trump said diplomacy with Tehran was “a waste of time” after renewed attacks around Hormuz, as US defense chief reportedly cancels Israel visit.

Froun

Explainer

Lebanon's latest damage estimate outlines reconstruction challenge

More than 1 million Lebanese residents fled their homes after Israeli attacks in southern Lebanon intensified in March, when Hezbollah entered the conflict.

Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 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 reo

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28.

An aerial view shows port of the western Syrian port city of Latakia, on Dec. 18, 2024.

Analysis

Can a UAE-backed Syria-Iraq corridor become Gulf's next trade route?

On June 26, Emirati and Syrian officials discussed plans for a logistics corridor connecting Syrian ports to Gulf markets via Iraq.

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