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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

Netanyahu acting responsibly against calls for Gaza war

Despite calls for a military operation from critics, Prime Minister Benjamin Netanyahu has acted responsibly in refusing to engage in another Gaza war.

New bollard-style U.S.-Mexico border fencing is seen next to vehicle barriers in Santa Teresa, New Mexico, U.S., March 5, 2019. Picture taken March 5, 2019. REUTERS/Lucy Nicholson TPX IMAGES OF THE DAY - RC16D209A700

Border wall fight could jeopardize funding for US bases in the Middle East

The fight over funding for President Donald Trump’s proposed border wall could impact key US bases in the Middle East.

United Arab Emirates

Interview

Qatar says divisions within GCC have become ‘lose-lose’ situation for the region

Qatari spokesperson says the split among the Gulf states compromises the security of the region and that thousands of families are already paying a price.

Arab League Secretary General Ahmed Aboul Gheit (L) with Palestinian National Authority Minister of Foreign Affairs Riyad Al Maliki are seen after a meeting with Palestine President Mahmoud Abbas in Cairo, Egypt December 11, 2017. REUTERS/Mohamed Abd El Ghany - RC170C9BBE90

Abbas making rounds to drum up financial support

Steeped in debt, the Palestinian Authority is doggedly pursuing Arab support, among other options.

Despite friction, Egypt retains economic ties with Turkey, Qatar

Some Egyptians have been calling for the government to seize Turkish and Qatari assets, but so far that hasn't seemed to sour foreigners on Egypt's investment offerings.

United Arab Emirates

Gaza aid cannot wait while Israel holds elections

On the backdrop of the growing crisis in the Gaza Strip, Israel, Qatar and Egypt are discussing the idea of humanitarian aid supplies financed by Qatar.

Russia's foreign minister Sergei Lavrov is seen during a news conference with United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi, UAE, March 6, 2019. REUTERS/Satish Kumar - RC19A7AA4720

How did Lavrov do on his Gulf tour?

During his tour of the Gulf, Russia's Foreign Minister Sergey Lavrov treaded carefully around politics, opting to speak publicly about a safer topic, economics.

Kuwait’s steady hand in Gulf affairs

Amid disputes among the GCC states and beyond, Kuwait's efforts to bridge regional and international approaches to diplomacy remain vital.

Saudi Arabia's King Salman bin Abdulaziz meets with Russia's Foreign Minister Sergei Lavrov in Riyadh, Saudi Arabia March 5, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC13B1B19C40

Russian FM puts politics above economics on GCC tour

Foreign Minister Sergey Lavrov has kicked off his tour of the Gulf, reflecting Moscow's ambition to capitalize on its regional recognition as a great power.

Israel to withhold PA taxes, quietly ask donors to make up difference

Israel intends to cut tax revenues owed to the Palestinian Authority but will need foreign intervention to save the Palestinian Authority from collapse.

U.S. President Donald Trump heads back to the Oval Office after declaring a national emergency at the U.S.-Mexico border during remarks about border security in the Rose Garden of the White House in Washington, U.S., February 15, 2019. REUTERS/Carlos Barria - RC17F0AE0D30

Trump introduced Qatari to donor pursuing nuclear power project, report says

A Tennessee businessman says US President Donald Trump introduced him to a potential Qatari investor at his Mar-a-Lago resort in spring 2018.

Qatar pledges to keep money pipeline open to Gaza Strip

Qatar seems adamant about continuing its financial support to the Gaza Strip, disregarding the Palestinian Authority’s resentment.