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August 7, 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

A first: Hamas partakes in presidential elections

Hamas has announced that it is seeking a consensus candidate for the presidential elections, raising questions about the possibility of agreeing with Fatah on a name.

BOSTON, USA - MARCH 25: (----EDITORIAL USE ONLY MANDATORY CREDIT - "BANDAR ALGALOUD / SAUDI KINGDOM COUNCIL / HANDOUT" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (C) visits Innovation and Technology fair at Massachusetts Institute of Technology in Boston, Massachusetts, USA on March 25, 2018. (Photo by Bandar Algaloud / Saudi Kingdom Council / Handout/Anadolu Agency/Getty Images)

Gulf donors drawn into controversy over foreign influence at US campuses

Six US universities are under investigation for allegedly failing to report $1.3 billion in gifts and contracts from Middle Eastern and other foreign sources.

Israeli singers form bridge to Arab countries

Israeli Middle Eastern music is popular in various parts of the Arab world, where it forms a bridge through a common musical heritage.

DOHA, QATAR - NOVEMBER 25: Turkeys Foreign Minister Mevlut Cavusoglu and Qatari counterpart Mohammed bin Abdulrahman Al-Thani take part in an agreement signing ceremony, held after inter-delegation working meal with Turkish President Recep Tayyip Erdogan and Emir of Qatar Tamim bin Hamad Al Thani in Doha, Qatar on November 25, 2019.

(Photo by Mustafa Kamaci/Anadolu Agency via Getty Images)

Turkey sees greater partnership with Qatar than is apparent

Turkey's commercial gains from its partnership with Qatar have been modest and the media fanfare over fresh bilateral accords is hard to comprehend.

General view of the Gulf Cooperation Council (GCC) summit in Mecca, Saudi Arabia, May 30, 2019. Picture taken May 30, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC14404B7D30

Concerns over finances, not Iran, will end Qatar crisis

Citizens of Gulf States leading the embargo against Qatar are having to make economic sacrifices while their leaders continue their "ill-advised" and "unsupervised" spending.

Palestinian Islamic Jihad militants take part in the funeral of their comrade in the southern Gaza Strip November 14, 2019. REUTERS/Ibraheem Abu Mustafa - RC2XAD9J6T7X

Hamas, Islamic Jihad — an unbreakable bond

The recent escalation between Israel and Islamic Jihad in the Gaza Strip has raised questions as Hamas refrained from partaking in the fighting.

Palestinians await presidential decree to hold general elections

The PA’s call for general elections seems to have gained traction in Palestine, especially with Hamas' approval for them to be held.

Qatar's continued assistance to Gaza Strip in question

Hamas says it hasn't been informed of any Qatari intention to discontinue financial aid to the Gaza Strip next year.

Turkey's defense industry sees rise of 'the president’s men'

Decision-making power in Turkey's defense industry is shifting from the military to businessmen close to President Recep Tayyip Erdogan.

With Qatar’s money, Israeli gas set to bring Gaza light

Palestinian President Mahmoud Abbas has finally given his consent for Qatar to pay to extend an Israeli gas pipeline to the Gaza Strip's power station — a project that's expected to ameliorate the electricity crisis there while boosting Qatari influence in Gaza and giving Hamas standing as a successful mediator.

Interview

Saudi Arabia still awaiting signs of ‘goodwill’ from Iran

In an exclusive interview with Al-Monitor, Prince Turki bin Faisal bin Abdul-Aziz Al Saud talks about the "dramatic effect" of the September attacks on Saudi Arabia’s oil fields, and says there will be no official Saudi contacts with Israel until the Palestinian issue is resolved.

Prince Turki bin Faisal bin Abdul-Aziz Al Saud

Prince Turki bin Faisal bin Abdul-Aziz Al Saud

Former Saudi Arabian Ambassador to the US

Al Jazeera spends more than $500,000 defending itself against attacks

The Qatari broadcaster is under attack from Doha’s Gulf rivals.