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Saudi Arabia

July 7, 2026

Riyadh 6:42 pm

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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

Members of the UAE armed forces secure an area while searching for landmines in Al-Mokha, Yemen March 6, 2018. Picture taken March 6, 2018. Reuters/ Aziz El Yaakoubi - RC1C9EFFB000

Trump presses UAE on alleged human rights abuses in Yemen

The Defense Department says in a new strategy that it has pressed the United Arab Emirates to investigate allegations of torture in Yemeni detention centers.

Iraq electricity minister: US will continue exemptions for Iranian electricity imports

Iraqi Minister of Electricity Luay al-Khatteeb told Al-Monitor that US exemptions in the energy sector will continue amid tensions in US-Iran relations.

Why Arabs are pressuring PA to take part in Bahrain summit

Some Arab countries are placing political and financial pressure on the Palestinian Authority to reconsider its rejection of the Bahrain economic workshop, which the United States is holding later this month to kick off its peace plan.

General view of the Gulf Cooperation Council (GCC) summit in Mecca, Saudi Arabia, May 30, 2019. Picture taken May 30, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC14404B7D30

Saudi summits mask Gulf divisions

Saudi Arabia's three summits last week made for impressive imagery, but the unity they projected was superficial.

Why Khamenei’s 'no' on talks with US could lead to 'yes'

Expect chatter of Iran-US dialog to pick up in the coming weeks, even though Iran's Ayatollah Ali Khamenei says he adamantly refuses to negotiate with the Trump administration.

General view of the Natural Gas Liquids (NGL) facility in Saudi Aramco's Shaybah oilfield at the Empty Quarter in Saudi Arabia May 22, 2018. Picture taken May 22, 2018. REUTERS/Ahmed Jadallah TPX IMAGES OF THE DAY - RC1E18857C40

Saudi Arabia’s new 'freedom' gas

Saudi Arabia has partnered with a US company to export LNG from Texas, and is looking for more LNG deals.

Egypt boosts ties with Gulf countries amid Iranian threats

Egypt has expressed concerns over the growing Iranian threats in the region, fearing it might affect navigation in the Red Sea and the Suez Canal.

Saudi army artillery fire shells towards Houthi movement positions at the Saudi border with Yemen April 15, 2015. REUTERS/Stringer TPX IMAGES OF THE DAY - GF10000060379

Trump seeks to bypass Congress on Saudi weapons sales amid Yemen war dispute

Democrats are concerned the Donald Trump administration may use emergency powers to bypass Congress on arms sales to Riyadh.

US grants Iraq reprieve to continue buying Iranian gas

The US is allowing Iraq to keep purchasing gas from Iran without sanctions, to allow Baghdad time to develop alternate sources.

What does the UAE expect from Egypt?

Political analysts believe Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan’s visit to Cairo helps solidify UAE-Egypt relations as the situation escalates in the Gulf.

Can Palestinians survive PA's disengagement from Israel?

The Palestinian Authority's announced goal of disengaging from Israel appears to be dismissive of the geo-political environment in which it is operating and the devastating consequences such a move will have for Palestinians on the West Bank and in Gaza.

Turkey's Prime Minister Tayyip Erdogan speaks to Saudi businessmen during his visit to Riyadh's Chamber of Commerce January 19, 2010. REUTERS/Fahad Shadeed (SAUDI ARABIA - Tags: POLITICS BUSINESS) - GM1E61J1QCU01

Turkey groans under economic pressure from Saudis

Once Turkey's biggest foreign buyers of real estate, Saudis are increasingly boycotting the country as the kingdom's chamber of commerce warns citizens away.