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May 6, 2026

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EU says energy costs tied to Hormuz crisis have surged past $35B

Global energy price increases tied to the Hormuz disruption are driving higher import costs in Europe, despite limited reliance on gas flowing through the strait.

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

Analysis

Israel fears Trump seeking Hormuz win while sidestepping Iran nuclear issue

While President Donald Trump keeps pressuring Iran on reopening the Strait of Hormuz, Israel fears the American leader will decide to cut his losses and sideline the nuclear threat.

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

US Defense Secretary Pete Hegseth speaks at a press briefing at the Pentagon in Washington, DC, on April 24, 2026.

Pentagon says Iran ceasefire continues despite UAE attack

"We expected there would be some churn at the beginning," Defense Secretary Pete Hegseth said of the US Navy-led operation to open the Strait of Hormuz to commercial shipping.

Latest News

Macron casts doubt on Trump’s Hormuz operation as France-US gap grows

WASHINGTON, DC - AUGUST 18: U.S. President Donald Trump speaks during a meeting with Ukrainian President Volodymyr Zelensky (R), French President Emmanuel Macron (L), and European leaders at the White House on August 18, 2025 in Washington, DC. President Trump hosted President Zelensky at the White House for a bilateral meeting and an expanded meeting with European leaders to discuss a peace deal between Russia and Ukraine. (Photo by Win McNamee/Getty Images)

US sanctions Iran’s shadow banking channels moving oil proceeds from China

US Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC.

Analysis

Without exit strategy, Israel faces emboldened Hezbollah, limited options on Iran

Ibrahim AMRO / AFP via Getty Images

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

Adam Lucente

News and Business Correspondent

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

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Jared Szuba

Defense and Security Correspondent

In Washington, DC, reporting on defense, national security, military

Joyce Karam

Editor-in-Chief

Rosaleen Carroll

News Reporter and Supporting Editor

In Washington, DC, US, reporting on the Middle East

Paul J. Saunders

In Washington, DC, reporting on Russia in the Middle East

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Picture taken November 24, 2019. REUTERS/Angus Mordant - RC23NF9H59Z2

Amid Saudi-Russia price war, US on track to become net oil importer: Report

The coronavirus and the Saudi-Russia oil price war are contributing to a fall in US oil production and the United States is expected to become a net oil importer again in the fall.

Iran's Rouhani pushes for IMF loan, slams US 'medical terrorism'

US points to medical and humanitarian exceptions to sanctions policies, blames Iran's mismanagement of economy.

Intel: Saudis to discuss oil price war with new Republican detractors

Saudi officials will hold a phone call to discuss the kingdom’s record high oil output with two Republican senators that have become the ringleaders in conservative efforts to pressure Riyadh into ending the price war.

Islamic State seeks comeback under cover of coronavirus

Iraqi authorities are worried the Islamic State will rear its head again now that the US-led coalition's anti-terror efforts have been put on hold, in part due to the coronavirus pandemic.

An airline employee walks through Reagan National Airport during the coronavirus disease (COVID-19) outbreak in Washington, U.S., April 5, 2020. REUTERS/Joshua Roberts - RC2KYF955PLJ

‘All hands on deck:’ Middle East embassies inundated with citizens stranded in US

Middle East embassies are overwhelmed with calls from citizens trying to return home as COVID-19 spreads in the United States.

Chairman of the House Armed Forces Committee Adam Smith (D-WA) awaits the arrival of Acting U.S. Secretary of Defense Patrick Shanahan and Chairman of the Joint Chiefs of Staff General Joseph Dunford to testify on the Fiscal Year 2020 National Defense Budget Request from the Department of Defense on Capitol Hill in Washington, U.S., March 26, 2019. REUTERS/Joshua Roberts - RC1BF79E5F30

Intel: Key Democrat says Yemen war restrictions 'on the table' in major defense bill

House Armed Services Chairman Adam Smith, D-Wash., told Al-Monitor today that Democrats are considering renewing last year’s push to cut off US support to the Saudi-led coalition that is fighting Yemen’s Iran-backed Houthi rebels as part of Congress’ annual defense authorization bill.

A woman wears a protective face mask and gloves, amid fear of the coronavirus disease (COVID-19), as she sells the masks in Tajrish square in Tehran, Iran April 2, 2020. WANA (West Asia News Agency)/Ali Khara via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY - RC2DWF9I0AKY

Intel: US comes out against emergency COVID-19 IMF loan for Iran

The United States opposes Iran’s request for a $5 billion emergency loan request from the International Monetary Fund (IMF) to help it cope with the coronavirus pandemic, Al-Monitor has learned.

A fighter of Syrian Democratic Forces stands amidst the ruins of buildings near the Clock Square in Raqqa, Syria October 18, 2017. Picture taken October 18, 2017. REUTERS/Erik De Castro - RC1E4E003870

US-led coalition ally targets State Department-funded Syrian Arab activists

Syrian civil society activists in the country's largely Kurdish northeast are being arrested and held by the Syrian Democratic Forces, possibly as part of a campaign of intimidation.

Intel: US, Iraq to meet on American troop presence

Secretary of State Mike Pompeo announced today that the United States and Iraq will convene next month to hammer out several thorny issues, including the status of US troops who remain stationed in Iraq.

Houses in the Israeli settlement of settlement of Kedumim are seen in the foreground as part of the Palestinian city of Nablus is seen in the background (far left) in the Israeli-occupied West Bank February 20, 2020. Picture taken February 20, 2020. REUTERS/Ronen Zvulun - RC2R7F9HN66O

Intel: Netanyahu, Gantz strike West Bank annexation deal

Israeli Prime Minister Benjamin Netanyahu and his rival, Blue and White leader Benny Gantz, struck a deal today to annex parts of the West Bank as part of their bid to form a unity government.

A volunteer from Basij forces wearing a protective suit and face mask sprays disinfectant as he sanitizes a bus station, amid the coronavirus disease (COVID-19) fears, in Tehran, Iran April 3, 2020. WANA (West Asia News Agency)/Ali Khara via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY - RC2YWF9PA44V

Intel: Iran accuses US of blocking IMF loan request to fight coronavirus

The secretary of Iran’s Supreme National Security Council publicly accused the United States on Sunday of blocking Iran’s request for a $5 million emergency loan request from the International Monetary Fund to help fight the COVID-19 pandemic that has ravaged the country.

Many Iraqi politicians resent IRGC meddling in their affairs

The new Quds Force commander visited Baghdad in an attempt to resume his predecessor's work, but he faced resistance from Iraqi politicians, who opposed his interference in domestic affairs.