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July 7, 2026

Riyadh 10:30 am

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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

Why this TV series causes high drama between Cairo, Ankara

After a decade of Ottoman splendors shown in popular Turkish soap operas, "Kingdoms of Fire" casts Selim, the Grim as the villain.

Riyadh agreement neglects Yemen’s 'manmade' humanitarian crisis

Since the Saudi-led coalition intervened against Houthis in Yemen in 2015, both warring sides have deliberately targeted medical facilities, while few if any projects are being carried out to revive the health care system in a country where millions are suffering.

Houthi police troopers ride on the back of a patrol truck in Sanaa, Yemen November 5, 2019. REUTERS/Khaled Abdullah - RC1558A55720

Is Saudi Arabia finally seeking peace with Houthis?

After years of fighting, it seems that Saudi Arabia, which is leading a military coalition in Yemen, is holding indirect talks with Houthi rebels to possibly reach a solution.

Saudi and Israeli tourism campaigns offer stark contrast in transparency

Public relations firms working to promote travel to foreign countries are all over the map when it comes to lobbying and PR disclosures.

East Yemen former ruling dynasty calls to revive Mahra Sultanate

Amid Saudi Arabia’s growing military influence over the easternmost corner of Yemen, Al Mahrah’s former ruling dynasty wants independence.

An Iraqi demonstrator gestures during the ongoing anti-government protests in Najaf, Iraq November 18, 2019. REUTERS/Alaa al-Marjani - RC2ODD9WBX48

Djerejian: In addressing uprisings in Middle East, first 'do no harm'

Former US diplomat Edward Djerejian also sees opportunity for US diplomacy in Gulf crisis.

Riyadh Agreement divides Yemenis in Sanaa

Civilians in Sanaa feel frustrated at the Riyadh Agreement recently signed between the main partners of the Saudi-led coalition that will unite them against the Houthis.

Colonel Abdullah al-Sahian (C), who commands the Saudi forces in Yemen's southern port city of Aden, talks to his soldiers in their base in Aden September 28, 2015. REUTERS/Faisal Al Nasser - GF10000225295

Efforts to tie Trump’s hands on Iran, Saudi Arabia hold up key defense bill

Congressional efforts to tie President Donald Trump’s hands on Middle East policy have helped stall negotiations as Democrats and Republicans struggle to pass annual spending and defense authorization legislation.

A sign of Saudi Aramco's initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed TPX IMAGES OF THE DAY - RC1925242170

Where are the other IPOs in the Mideast?

The Middle East needs to grow companies that do not depend on the state as a key investor.

Representatives of Yemen's government and southern separatists sign a Saudi-brokered deal to end a power struggle in the southern port of Aden , as Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan (L), Saudi Crown Prince Mohammed bin Salman (C) and Yemen's President Abd-Rabbu Mansour Hadi (R) celebrate in Riyadh, Saudi Arabia, November 5, 2019. Saudi Press Agency/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. - RC18F22C1C90

Iran displeased by deal between Yemeni government, southern separatists

Although Tehran has been one of the most outspoken critics of the Saudi-led intervention in Yemen, it also doesn’t want a Riyadh-led resolution to the war.

Iranian President Hassan Rouhani attends a meeting with Russian President Vladimir Putin on the sidelines of a session of the Supreme Eurasian Economic Council In Yerevan, Armenia October 1, 2019. Sputnik/Alexei Druzhinin/Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC125DBD8560

Iran's Rouhani offers to talk with Saudi, Bahraini leaders

Iranian President Hassan Rouhani has sent letters to the kings of Saudi Arabia and Bahrain in what is viewed as a step toward de-escalating regional tensions.

The UAE still has military ambitions in Yemen despite ‘withdrawal’

The United Arab Emirates seems to be staging a withdrawal from Yemen’s southern city of Aden while increasing its influence elsewhere in the southern provinces.