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August 8, 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

Amid financial hardship, Erdogan looks to Qatar as 'rich daddy'

Turkey’s leadership, increasingly isolated in the region amid spats with Russia and Iraq, knocks on the doors of Israel and Qatar, with the latter providing much-needed foreign investment.

A soldier from the Saudi-led coalition walks past a broken-down tank on a street in Yemen's southern port city of Aden September 27, 2015. As Gulf-backed forces assemble in Marib province east of Sanaa ahead of a widely expected thrust towards the Houthi-held capital, the fate of Aden and its hinterland may offer a glimpse at whether some form of central government can be resurrected. To match Insight YEMEN-SECURITY/ADEN REUTERS/Faisal Al Nasser - RTX1SQ8T

What's Saudi's new Islamic coalition really up to?

Not a lot is known about Saudi Arabia's newly announced Islamic Military Alliance, leaving observers to ponder its prospects.

Will Qatar's investment in ancient pyramids bring tourists to Sudan?

With funding from Qatar, archaeologists from around the world are gathering in Sudan to excavate the country's forgotten pyramids.

A man looks as the world's biggest Liquefied Natural Gas (LNG) tanker DUHAIL as she crosses through the Suez Canal April 1, 2008. The Qatari tanker, which was built to transfer LNG from Qatar to Europe and the U.S., is on her first trip ever from Qatar to Spain. REUTERS/Stringer (EGYPT) - RTR1YZYN

Will Turkey be able to replace Russian gas with Qatari imports?

Although Qatar cannot replace Russian gas for Turkey, it is promising to see that Ankara is exploring new strategies for diversifying its long‐term energy supply.

Russia's President Vladimir Putin (R) and his French counterpart Francois Hollande speak after a news conference at the Kremlin in Moscow, Russia, November 26, 2015. France and Russia agreed on Thursday to exchange intelligence on Islamic State and other militant groups in Syria to help improve the effectiveness of their aerial bombing campaigns in the country, French President Francois Hollande said. REUTERS/Alexander Zemlianichenko/Pool - RTX1W0QV

Erdogan more isolated than ever on Syria

The Turkish president is on the defensive after Turkey’s shooting down of a Russian warplane; the Syrian war enters a more dangerous phase.

Sudan gets $2.2B for joining Saudi Arabia, Qatar in Yemen war

After providing financial support, Saudi Arabia is collecting on its IOU from Sudan, which now finds itself enmeshed in Yemen's civil war.

Qatar launches initiative to ease power crisis in Gaza

As Palestinians in the Gaza Strip continue to suffer from daily power cuts, Qatar proposed to Israelis supplying Gaza with natural gas.

Qatar adopts cultural diplomacy to combat 'clash of ignorance'

Cultural diplomacy is a tool needed now more than ever to develop dialogue and respect among different peoples and nations, and Qatar is moving on several fronts in this regard.

Qatar's Emir Sheikh Tamim bin Hamad al-Thani waits for U.S. Secretary of State John Kerry before their meeting at the Diwan Palace in Doha, August 3, 2015. Kerry is meeting his Gulf Arab counterparts for talks in Qatar as he attempts to ease the concerns of key allies over the Iran nuclear deal. REUTERS/Brendan Smialowski/Pool - RTX1MTEV

Is Qatar Iran's door to the Gulf?

The recent Iranian-Qatari rapprochement has created further controversy in the Middle East but some countries see it as a positive step in alleviating the ongoing conflict.

Iranian olive branch offers diplomatic paradigm shift

To resolve regional crises before they become even worse, Iran and its Arab neighbors must engage in dialogue based on a new paradigm for conflict resolution.

After Iranian, Russian military advances Syrian opposition suffers setback in Aleppo

Regime forces were able to retake large swathes of Aleppo’s southern countryside from the opposition, whose weaponry is insufficient in the face of Iranian and Russian ground and air support.

Former U.S ambassador Thomas Pickering speaks at the International Economic Alliance Global Investment Symposium in New York September 24, 2008. REUTERS/Jacob Silberberg (UNITED STATES) - RTX8VYI

Gulf-funded think tank to make Capitol Hill debut

The Arab Gulf States Institute in Washington promises a broader view of Gulf affairs.