Saudi Arabia - AL-MONITOR: The Middle Eastʼs leading independent news source since 2012

Saudi Arabia cover image

Saudi Arabia

July 7, 2026

Riyadh 3:14 am

31°C

Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reo

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28.

A man walks past the flags of the countries attending the Gulf Cooperation Council summit at Bayan palace in Kuwait City on Dec. 5, 2017.

Analysis

How Iran war shaped divergent paths to security among GCC states

The Iran war left the Gulf more fragmented than united, with competing security strategies replacing any prospect of a common regional defense.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

Syria launches gas project with Saudi firm in latest Gulf energy partnership

The project is the latest in a series of Gulf-backed investments aimed at rebuilding Syria's energy sector after the ouster of President Bashar al-Assad in December 2024.

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

Latest News

Explainer

Saudi FM concludes China visit amid Trump-MBS friction: What to know

China's Foreign Minister Wang Yi (R) shakes hands with Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023. The international community must take urgent action to stop the "humanitarian disaster" unfolding in Gaza, Chinese Foreign Minister Wang Yi told visiting diplomats from Arab and Muslim-majority nations on Novembe

Saudi Arabia's FM heads to China amid differences with US on Iran war

PEDRO PARDO/AFP via Getty Images

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Saudi Arabia to pay some private sector salaries amid coronavirus fallout

Riyadh has announced it will cover a portion of private sector salaries in the industries most impacted by the novel coronavirus pandemic.

A general view of Business Bay area, after a curfew was imposed to prevent the spread of the coronavirus disease (COVID-19), in Dubai, United Arab Emirates, March 28, 2020. REUTERS/Satish Kumar - RC2VSF94JGLQ

How COVID-19 will change GCC labor markets

A siren is blaring for local labor markets as the global pandemic and falling oil revenues begin to upend the Gulf states' economies.

Airstrikes on Yemen intensify, shatter hope for peace

The latest Saudi-led airstrikes against Houthi positions in the Yemeni capital Sanaa have ended all hopes for peace as the war-torn country braces for the coronavirus pandemic.

Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend a meeting in Riyadh, Saudi Arabia, October 14, 2019. Sputnik/Alexei Nikolsky/Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC16798088B0

Intel: Russia rebuts Trump’s claim that Saudis agreed to oil compromise

President Donald Trump tweeted on Thursday that Russia and Saudi Arabia agreed to a compromise to end the ongoing oil price war after a discussion between President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman.

Saudi Arabia imposes 24-hour coronavirus curfew in Mecca, Medina

Saudi Arabia has shut down virtually all activity in Mecca and Medina as it fights the global pandemic, and authorities are urging Muslims around the world to delay making travel plans for the hajj this summer.

A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov - RC2QVF91B7M0

Saudis risk losing last Republican defenders with oil price war

The oil price war places the Saudis at risk of losing their previously stalwart defenders on Capitol Hill, the last line of defense against legislation targeting the kingdom.

Intel: Trump laments oil price war as Saudis lose key defenders in Congress

President Donald Trump on Tuesday bemoaned the oil price war between Saudi Arabia and Russia that has rattled energy markets and exacerbated coronavirus-related layoffs throughout the United States.

Can Russia, Saudi Arabia strike new OPEC+ deal with US help?

As the OPEC+ deal has expired, Russia and Saudi Arabia remain at odds, though the United States offered encouraging words that production cuts might be negotiated.

Hamas, Houthis hope for deal with Saudi Arabia

Yemen’s Iran-aligned Houthi group is suggesting the release of Saudi captives in exchange for the release of Palestinians detained in Saudi jails, an unprecedented proposal that was widely welcomed by the Palestinian Hamas movement.

COVID-19 menaces oil market

The novel coronavirus pandemic could have an even greater impact on the global oil glut than the Saudi-Russian showdown over prices and output.

A man carries a sack of wheat flour he received at a camp for people recently displaced by fighting in Yemen's northern province of al-Jawf between government forces and Houthis, in Marib, Yemen March 8, 2020. Picture taken March 8, 2020. REUTERS/Ali Owidha - RC29GF9R1PMN

US slashes millions in Yemen aid despite pandemic

As Yemen stares down a coronavirus crisis, the United States is set to slash $73 million in humanitarian assistance because of worsening Houthi aid restrictions.

Saudi King Salman bin Abdulaziz speaks via video link during a virtual G20 summit on coronavirus disease (COVID-19), in Riyadh, Saudi Arabia March 26, 2020. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC2PRF9ANFVP

Saudi Arabia says it will pay for coronavirus patients' treatment

Saudi Arabia has the highest known rate of coronavirus infection in the Gulf, with eight deaths so far out of over a thousand cases.