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July 8, 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

Saudi Crown Prince Mohammed bin Salman looks out as leaders arrive for a family photo at the G20 in Buenos Aires, Argentina November 30, 2018. REUTERS/Kevin Lamarque - RC1CF27DCB60

Saudi Arabia's estrangement

Saudi Crown Prince Mohammed bin Salman got into the G-20 group photo, but his brand remains very toxic.

Turkish lira banknotes are pictured at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer - RC179263C1F0

Economists unmoved by pause in Turkish lira's plummet

Though the latest news about Turkey's currency is good, economists still believe Turkey could well be sailing into recession, while at the G-20 summit, the Turkish president is frustrated by how little is being made of the Jamal Khashoggi murder case.

People chant slogans and hold banners as they take part in a protest, opposing the visit of Saudi Arabia's Crown Prince Mohammed bin Salman in Tunis, Tunisia, November 27, 2018. REUTERS/Zoubeir Souissi - RC1CDFF239E0

Arab Spring memories fresh as Tunisians protest MBS

Crown Prince Mohammed bin Salman was greeted in Tunisia by hundreds of protesters, blaming him for the murder of journalist Jamal Khashoggi and calling for an end to the Saudi-led military campaign in Yemen.

Trump administration dusts off Cold War playbook to defend Saudi ties

The Donald Trump administration is using a popular 1980s theory to rationalize support for a friendly autocracy.

U.S. Senator Elizabeth Warren (D-MA) delivers a major policy speech on "Ending corruption in Washington" at the National Press Club, Washington, U.S., August 21, 2018. REUTERS/Yuri Gripas - RC1CC27B06B0

Intel: How Democratic 2020 hopefuls are making the most of anti-Saudi backlash

A U.S. Army Terminal High Altitude Area Defense (THAAD) weapon system is seen on Andersen Air Force Base, Guam, October 26, 2017. U.S. Army/Capt. Adan Cazarez/Handout via REUTERS. ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY - RC1F3FF590F0

Intel: Why the US and Saudi Arabia just inked $15 billion missile defense deal

Saudi Arabia's Crown Prince Mohammed bin Salman arrives at Ministro Pistarini in Buenos Aires, Argentina, November 28, 2018. Argentine G20/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC1B18A699F0

Will Erdogan, MBS meet at G-20?

The Turkish president hasn't ruled out meeting with the Saudi crown prince in Argentina, but what could the de facto Saudi leader offer for Turkey to bury the Jamal Khashoggi murder case?

Official handshakes, angry crowds greet Saudi crown prince in Tunis

Tunisian protesters say hosting the Saudi crown prince, who is accused of ordering journalist Jamal Khashoggi's murder last month, is the wrong move for a country striving to promote democratic gains and ensure human rights.

Israeli Prime Minister Benjamin Netanyahu and Czech President Milos Zeman attend the inauguration of the "Czech House" in Jerusalem November 27, 2018. REUTERS/Ronen Zvulun - RC12B86811C0

Netanyahu’s diplomacy: buying friends by selling weapons

Rather than basing its global standing on the principles of equality and justice, Israel exports cyber weaponry to tyrannical, racist rulers.

Hafidh Abdullah al-Khawlani, who survived a Saudi-led air strike stands with his father on the wreckage of a bus destroyed by the strike in Saada, Yemen September 4, 2018. His brother was killed by the air strike. Picture taken September 4, 2018. REUTERS/Naif Rahma - RC1FB49D40C0

Congress clears key hurdle in ending support for war in Yemen

In an unprecedented move, the Senate has cleared a key procedural hurdle that paves the way to end US support for the Saudi-led coalition’s intervention in Yemen.

U.S. Secretary of State Mike Pompeo speaks to the media after a closed briefing for senators about the latest developments related to the death of Saudi journalist Jamal Khashoggi on Capitol Hill in Washington, U.S., November 28, 2018. REUTERS/Joshua Roberts - RC151380CF00

Pompeo-Mattis briefing on Yemen to Senate bombs

Secretaries of State and Defense, Mike Pompeo and Jim Mattis, urged senators to stay the course on US support for the Saudi-led war in Yemen, but senators said they were inclined to vote for legislation to curtail US support.

Why Iran is also a strategic asset for Israel

A significant number of Arab and Muslim leaders in the Middle East and the world fear Iran. For them, Israel is the only real answer to the Iranian threat and the only country able to confront it.