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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

Can Qatar help Hamas without embarrassing Netanyahu?

The Qatari emissary asked the Hamas leadership to give him and Israel time to come up with creative ways to transfer the Gaza aid money without causing public opinion in Israel to explode.

Abbas attacks Netanyahu for letting Qatari funds into Gaza

Palestinian President Mahmoud Abbas says Israel is aiding attacks on its own people by acting as a conduit for money to reach Hamas.

Palestinians take part in a rally in support of Qatar, inside Qatari-funded construction project 'Hamad City', in the southern Gaza Strip, June 9, 2017. REUTERS/Ibraheem Abu Mustafa - RC1AB3A40800

Qatar deal expected to boost Palestinian trade

As part of Doha's continued efforts to boost the Palestinian economy, the Qatar Chamber of Commerce and Industry signed a cooperation agreement with the Palestinian Trade Center in a bid to strengthen their partnerships.

Is Qatar's Gaza airport plan a step too far?

Qatar’s ambassador to the Palestinian territories recently revealed that he has discussed with Israel the idea of building an airport in besieged Gaza.

Technicians construct a Turkish Attack and Tactical Reconnaissance Helicopter (ATAK) at the Turkish Aerospace Industries Inc (TAI) factory in Ankara, Turkey, April 28, 2015. TAI, which produces F-16 fighter jets and other military aircraft, could float on the Istanbul stock exchange in the second half of this year, its chief executive told Reuters. Ankara-based TAI was established to co-produce Lockheed Martin's F-16 for the Turkish Air Force in 1984. It is almost wholly owned by the Turkish Armed Forces Fo

Turkey's defense industry still striving for self-sufficiency

Turkey has made significant strides in developing its defense industry during the past four years, but it is still being held back by its dependence on other countries' goods and technologies.

Hamas goes on offense in West Bank

Palestinian protests continue in Ramallah over Israeli incursions.

The Gulf Cooperation Council's (GCC) Leaders are seen ahead of their Summit meeting in Riyadh, Saudi Arabia December 9, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY - RC1A2BB78CC0

What will 2019 have in store for dysfunctional GCC?

The Gulf Cooperation has essentially been split in, with Qatar, Kuwait and Oman resisting the actions of Saudi Arabia's Mohammed bin Salman and the UAE's Mohammed bin Zayed.

Gazans thankful for Qatar funds, worry about the future

Prime Minister Benjamin Netanyahu authorized the second transfer of Qatari funds to Gaza, while criticizing Palestinian President Mahmoud Abbas for generating a humanitarian crisis in the Strip.

Kuwait's Foreign Minister Sabah Al Khalid Al Sabah gestures during a news conference with Secretary-General of the Gulf Cooperation Council (GCC) Abdullatif bin Rashid Al Zayani, following the annual summit of GCC, in Kuwait City, Kuwait, December 5, 2017. REUTERS/Hamad I Mohammed - RC16BFA38D60

Is the GCC dead?

Although Saudi Arabia has invited Qatar to attend the Gulf Cooperation Council summit Dec. 9, a resolution to the dispute between Doha and its Gulf neighbors seems far off, threatening the entire council with irrelevancy.

Qatari grant provides temporary relief for some in Gaza

A $150 million Qatari grant shows signs of providing some respite to long-suffering Palestinians in Gaza and producing a slight boost to Gaza’s economy, but is not a solution to the humanitarian crisis plaguing the enclave.

How Saudi Arabia, Qatar are competing over Iraq

As the rivalry between Saudi Arabia and Qatar continues, each country seeks influence in Iraq in order to expand its economic and political power in the region.

Egypt sends mixed messages on possible thaw with Qatar

Though some officials in Cairo have stated the importance of a stable relationship with Qatar, so far there are no initiatives for reconciliation.