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August 6, 2026

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Explainer

Qatar launches diamond exchange as Hormuz crisis chokes LNG exports

Qatar's new diamond exchange is an effort to diversify from the country's main exports, LNG and petroleum products, which have been severely cut as a result of the Iran war and the Strait of Hormuz crisis.

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

Latest News

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

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.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Karen Young

In Washington, DC, reporting on regional energy

Reve Chaaban

In Doha reporting on culture

Kuwaiti traders follow the stock market activity at Boursa Kuwait, in Kuwait City on April 7, 2025.

Middle East debt issuance near $200B record amid September borrowing surge

A borrowing boom driven by Saudi Arabia and Turkey arrives amid a broader wave of issuances in 2025, underlining the Middle East’s status as one of the busiest and most resilient players in international debt markets.

Ghazi Hamad is seen in this screengrab from an interview with Al Jazeera on Sept. 17. 2025.

Hamas leader gives first TV interview since Israel’s Doha attack: What to know

Ghazi Hamad is the first member of the Palestinian group who was present when Israel bombed their compound to appear in public.

Rubio lands in Qatar

Rubio pushes mediation in Qatar as Israel launches Gaza City assault

The top US diplomat arrived in Doha to meet with Qatari leaders as the country reels from the recent Israeli strike on its soil.

Reporters follow Qatar's Emir Sheikh Tamim bin Hamad Al-Thani's address at the media centre, during the opening of the 2025 Arab-Islamic emergency summit in Doha on Sept. 15, 2025.

Arab, Islamic leaders urge 'review' of Israel ties at emergency summit after Doha strikes

The meeting comes less than a week after Israel launched airstrikes targeting Hamas’ leadership in Doha, a move Gulf states say poses a serious threat to regional security.

Win McNamee/Getty Images

Analysis

Netanyahu scrambles as Gulf states push Trump to sanction Israel over Doha strikes

In an unusual move reflecting the difficult position Netanyahu placed the administration in, the United States supported a United Nations Security Council statement on Thursday condemning the Israeli strike.

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

Funeral prayers are held at the Mohammed bin Abdulwahab Mosque in Doha, on Sept. 11, 2025.

Qatari emir attends Hamas members’ funeral in Doha after Israeli strikes

The funeral for the Hamas members and the Qatari corporal killed in the Israeli strikes was held at a prominent mosque in Doha.

A worker fits solar panels onto frames during construction at South Africa's first municipally owned solar plant, during International World Environment Day, on June 5, 2025, in Atlantis near Cape Town.

Saudi firm to pump $700M into economic zone developer in Africa

The kingdom's Vision Invest will invest in pan-African developer Arise Integrated Industrial Platforms, which will use the funds to expand across the continent and develop green industrial ecosystems.

Sheikh Tamim bin Hamad Al Thani (L) welcomes Sheikh Mohammed Bin Zayed Al Nahyan (R) to Hamad International Airport in Doha, on Sept. 10, 2025.

UAE president visits Qatar, bans Israel from Dubai Airshow after Doha strikes

UAE President Sheikh Mohammed bin Zayed Al Nahyan threw his country’s support behind Qatar, saying the Israeli strikes on Qatari territory violated international laws.