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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

Saudi Foreign Minister Saud al Faisal (L) talks with Qatar Foreign Minister Khalid Al Attiya following their meeting with U.S. Secretary of State John Kerry and members of the Arab Peace Initiative at the United States Embassy in Paris, September 8, 2013. REUTERS/Susan Walsh/Pool (FRANCE - Tags: POLITICS) - RTX13CWG

Saudi-Qatar divide means reset for GCC

Saudi Arabia and Qatar have different ideas about what constitutes internal and external threats to the Gulf region, making their partnership within the Gulf Cooperation Council difficult.

Turkey's Prime Minister Tayyip Erdogan (C) cuts the ribbon during the opening ceremony of the new building of the Turkish Embassy in Doha December 4, 2013. REUTERS/Mohammed Dabbous (QATAR - Tags: POLITICS) - RTX163G5

GCC rift another blow to Erdogan’s Mideast policies

Turkey is increasingly isolated in the region, more so as Qatar is on the outs with other members of the Gulf Cooperation Council.

The Blue Nile flows into Ethiopia's Great Renaissance Dam in Guba Woreda, some 40 km (25 miles) from Ethiopia's border with Sudan, June 28, 2013. Egypt fears the $4.7 billion dam, that the Horn of Africa nation is building on the Nile, will reduce a water supply vital for its 84 million people, who mostly live in the Nile valley and delta. Picture taken June 28, 2013. REUTERS/Tiksa Negeri (ETHIOPIA - Tags: POLITICS SOCIETY ENERGY ENVIRONMENT) - RTX115K7

Egypt seeks Saudi help on Ethiopia water dispute

Egypt has turned to Saudi Arabia to help pressure Ethiopia into compromising on the Renaissance Dam, which Cairo fears will cut off vital water supplies from the Nile River.

Saudi Foreign Minister Prince Saud al-Faisal bin Abdulaziz (R) is greeted by an officer upon his arrival to attend the 130th meeting of the Foreign Ministers of the Gulf Cooperation Council (GCC) in Riyadh on March 4, 2014. AFP PHOTO / FAYEZ NURELDINE (Photo credit should read FAYEZ NURELDINE/AFP/Getty Images)

Saudi-Qatar tensions divide GCC

The announcement by Saudi Arabia, Bahrain and the United Arab Emirates that they are withdrawing their ambassadors to Qatar is a further sign of the deterioration in Saudi-Qatar ties and the fragmentation of the Gulf Cooperation Council.

Hamas leader Khaled Meshaal uses his mobile phone in his office in Doha November 29, 2012. Meshaal said the de facto recognition of a sovereign Palestinian state won by his rival Mahmoud Abbas should be seen alongside Gaza's latest conflict with Israel as a single, bold strategy that could empower all Palestinians. Meshaal said the short war which claimed 162 Palestinian lives and five Israelis was concluded on terms set by the Palestinian Islamist movement and ended its isolation, creating a new mood that

The Qatar channel between Gaza and Israel

Qatar, which has taken upon itself major construction projects in the Gaza Strip, has become an indirect communication channel between Israel and Hamas.

Journalists from the foreign correspondence organisation participate in a protest demanding the release of four Al Jazeera correspondents outside the Egyptian Embassy premises in Kenya's capital Nairobi February 4, 2014. Three of the Qatar-based television network's journalists - Peter Greste, an Australian; Mohamed Fahmy, a Canadian-Egyptian national; and Baher Mohamed - were detained in Cairo on Dec. 29 and remain in custody, Al Jazeera said. REUTERS/George Philipas (KENYA - Tags: CRIME LAW POLITICS MEDIA

Journalists become the story in Egypt

International and social media coverage may have resulted in improved prison conditions for detained journalists.

Gaza youth dream of jobs in Qatar

Amid increasing unemployment rates in the Gaza Strip, youth have warmly welcomed an agreement between the Palestinian and Qatari governments to employ 20,000 additional Palestinians in Qatar.

Egyptians cut a Qatari flag during a protest against what they say is Qatar's backing of ousted Egyptian president Mohamed Mursi's government, outside the Qatari Embassy in Cairo November 30, 2013. REUTERS/Stringer (EGYPT - Tags: POLITICS CIVIL UNREST) - RTX15Z60

Egypt warns Qatar about interference

Egyptian authorities have been frustrated by official statements from Doha expressing Qatari concern about increasing violence in Egypt, as Cairo considers it interfering in its internal affairs.

Syria's Foreign Minister Walid al-Moualem listens to EU foreign policy chief Catherine Ashton (R) as they wait for lunch during a break in the Geneva-2 peace talks in Montreux January 22, 2014. Syria's government and opposition, meeting for the first time, angrily spelled out their mutual hostility on Wednesday at a U.N. peace conference where world powers also offered sharply divergent views on forcing out Bashar al-Assad. REUTERS/Arnd Wiegmann (SWITZERLAND - Tags: CIVIL UNREST POLITICS CONFLICT) - RTX17PZ

Moallem: Aleppo proposal a response to Kerry's call for local cease-fires

In an exclusive interview with Al-Monitor, Syrian Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Walid Moallem said he proposed a plan for ending military operations in Aleppo last week in response to US Secretary of State John Kerry's appeal for a cease-fire there.

U.S. Secretary of State John Kerry speaks with Qatar's Foreign Minister Khalid al-Attiyah (L) before the opening session of the Syrian Donors Conference at Bayan Palace in Kuwait City January 15, 2014. Kuwait's emir Sheikh Sabah al-Ahmed al-Sabah promised $500 million on Wednesday for U.N. humanitarian efforts in Syria, devastated by almost three years of civil war. The emir made the pledge at an international donor conference intended to help the world body reach a $6.5 billion aid target for the crisis in

Qatar's foreign minister: Iran has 'crucial role' in Syria

In an exclusive interview with Al-Monitor, Qatari Foreign Minister Khalid bin Mohammad Al-Attiyah calls for a unified Syrian opposition and describes the plight of the Syrian people as "unprecedented."

Faithful Christians pray at the monument of our Lady of Lebanon in Harissa village, north of Beirut, August 18, 2012, marking the Assumption of the Virgin Mary. Pope Benedict XVI will be visiting Lebanon from September 14 to 16. REUTERS/Jamal Saidi (LEBANON - Tags: RELIGION) - RTR36YAB

Fate of Maaloula nuns hangs over gathering of region's Christians

A conference in Harissa, north of Beirut, will discuss the dangers faced by the region’s Christians, especially as a result of the Syrian war.

U.S. Secretary of Defense Chuck Hagel (L) meets with Qatar's Emir Sheikh Tamim bin Hamad in Doha December 10, 2013. Hagel briefed Qatari leaders on Tuesday about the effort to destroy Syria's chemical weapons, and he underscored U.S. support for Syria's moderate opposition. Picture taken December 10, 2013, REUTERS/Mark Wilson/Pool (QATAR - Tags: POLITICS) - RTX16DFR

Qatar resets its Syria policy

Doha tilts away from regime change in Syria and opens up a channel to Hezbollah.