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July 7, 2026

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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

U.S. Secretary of State Mike Pompeo is greeted by Bahraini Foreign Minister Khalid bin Ahmed Al Khalifa after arriving at Manama International Airport in Manama, Bahrain, January 11, 2019. Andrew Caballero-Reynolds/Pool via REUTERS - RC18014FB370

Bahrain would welcome 'new JCPOA' if Iran ends 'toxic' behavior

In an exclusive interview with Al-Monitor, Sheikh Khalid bin Ahmed Al Khalifa, the foreign minister of Bahrain, says his country is "not shy" about working with the United States to support peace and prosperity in the region.

US embassy charge d'affaires Jeffrey Hovenier (L) leaves the Caglayan courthouse on May 15, 2019, in Istanbul, after US consular staffer Metin Topuz was ordered to remain in custody after the latest hearing in his trial on espionage charges -- part of a growing rift between Washington and Ankara. - Topuz was arrested in 2017 and accused of contacts with police and a prosecutor suspected of ties to US-based Muslim preacher Fethullah Gulen, who Ankara says ordered an attempted coup in 2016. (Photo by Bulent

Intel: How Congress is trying to get US prisoners out of Saudi Arabia, Egypt and Turkey

Kuwait asks Saudi Arabia to release Palestinian detainees

Kuwait is negotiating to secure the release of dozens of Hamas members who have spent months in Saudi Arabian prisons with no explanation provided.

Will Houthis follow up on their threats to hit UAE targets?

The Houthis announced a halt in hostilities against Saudi Arabia but said nothing about the United Arab Emirates, raising questions about how serious the group is about carrying out threats to target the UAE.

French President Emmanuel Macron shakes hands with Iranian President Hassan Rouhani during their meeting on the sidelines of the United Nations General Assembly in New York, U.S., September 23, 2019. REUTERS/John Irish - RC1C497E08B0

Rouhani dismisses European statement on Iran role in Saudi attacks

The Iranian president is in New York with a "peace initiative" meant to resolve regional tensions at a time when pressure is building on Tehran over its alleged involvement in attacks on Saudi oil facilities.

Former diplomat: Iran attacks create opportunity for talks

The Donald Trump administration should use the investigation into suspected Iranian attacks on Saudi oil facilities to de-escalate regional tensions, a former top US diplomat said at an Al-Monitor event Sept. 24.

A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019. REUTERS/Hamad l Mohammed - RC1941E02750

Does Russia benefit from attack on Saudi oil facility?

The attacks on Saudi oil production facilities may bring Russia some short-term benefits, but the picture becomes more complicated in the long run.

F/A-18F aircrafts are seen on the deck of USS Abraham Lincoln in the Gulf of Oman near the Strait of Hormuz July 15, 2019. Picture taken July 15, 2019. REUTERS/Ahmed Jadallah TPX IMAGES OF THE DAY - RC1D37D6D440

Trump faces skepticism from allies amid troop deployment

The Donald Trump administration will deploy a fresh detachment of US troops to Saudi Arabia after blaming Iran for an attack against a major oil production facility just days ago.

Iran's Foreign Minister Javad Zarif attends a news conference with Russia's Foreign Minister Sergei Lavrov (not pictured) after their meeting in Moscow, Russia, September 2, 2019. REUTERS/Evgenia Novozhenina - RC1C1AE4C400

Zarif: Attack on Iran would mean 'all-out war'

Iranian officials have said that if the United States or Saudi Arabia strikes Iran over the recent attack on Saudi oil facilities, it is prepared to defend itself.

What is happening behind the scenes in the Yemen talks?

Saudi Arabia and the United Arab Emirates are trying to consolidate their military influence in Yemen through talks in Jeddah.

U.S. Secretary of State Mike Pompeo walks after stepping off his plane upon arrival at King Abdulaziz International Airport in Jeddah, Saudi Arabia, September 18, 2019. Mandel Ngan/Pool via REUTERS - RC1902D55130

Trump, Europeans push to keep space for Iran diplomacy after Saudi attacks

Following strikes on Saudi oil facilities, Donald Trump stated his desire to avoid escalation with Iran.

Iran's Foreign Minister Mohammad Javad Zarif speaks during a news conference in Tehran, Iran August 5, 2019. Nazanin Tabatabaee/WANA (West Asia News Agency) via REUTERS. ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. - RC1725B039F0

Iran defends strikes on Saudi oil facility but denies role

While flatly denying any role in the twin strikes on Saudi oil facilities, Iran finds no drawback in firmly standing by the Shiite Houthi rebels for what it views as their exercise of the right to retaliate against Saudi attacks.