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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

U.S. President Donald Trump signs the National Defense Authorization Act for Fiscal Year 2018 at the White House in Washington D.C., U.S. December 12, 2017. REUTERS/Carlos Barria - RC1DBA301210

US defense bill could impact arms exports to Middle East

This year’s US defense authorization bill calls for reforming America’s high-tech exports even as weapons sales to the region boom.

Will Riyadh-Tehran rivalry kill Iraqi Kurdistan's investment drive?

A visit to Erbil by a Saudi trade delegation in late July has the potential to bear fruit in advancing economic cooperation and investment in the region, helping ease its current financial crisis, but the Saudis' move has raised eyebrows in Tehran.

Dismissal of electricity minister fails to quell protests in Iraq

After a month of protests in Iraq over the lack of electricity and other public services, the Iraqi prime minister dismissed the minister of electricity, without any clear vision for a solution to the crisis.

People walk on a railway track as Egyptian army troops are deployed outside the of the presidential palace in Cairo on December 12, 2012, one day after thousands of Egyptians protested against the upcoming referendum on the new draft constitution. Egypt's powerful army has called for President Mohamed Morsi and the secular opposition to meet later in the day to stop a crisis over an imminent constitutional referendum from tearing the country apart. AFP PHOTO/GIANLUIGI GUERCIA (Photo credit should rea

Will public opposition stop proposed Egypt-Israel railway dead in its tracks?

Egyptian media outlets are making a fuss about a recent meeting between Israel's ambassador to Cairo, David Govrin, and the director of the Ibn Khaldun Center for Development Studies, Saad Eddin Ibrahim, discussing a railway between Egypt and Israel.

Yemen war escalates as Houthis threaten UAE, Saudi Arabia

Escalating threats by Yemen's Houthi rebels indicate the group is still not intimidated by the Saudi-led coalition, portending more suffering for Yemeni civilians.

People check damage at the site of an air strike in Amran, Yemen June 25, 2018. REUTERS/Khaled Abdullah - RC1520F24B70

UAE talks up diplomacy as Congress curtails US involvement in Yemen war

Emirati officials are taking to Capitol Hill to say they’re giving the UN-brokered peace in Yemen a shot, but their patience is running out.

A man walks towards the gate of the Red Sea port of Hodeidah, Yemen June 24, 2018. REUTERS/Abduljabbar Zeyad - RC1869894F80

Top Democrats urge Gulf to drop demand for Houthi surrender in Yemen

Some of the House’s most hawkish Democratic leaders rebuked Saudi Arabia and the United Arab Emirates over their offensive on the key port of Hodeidah.

Why Saudi Arabia's powerful crown prince still needs his father

The influential, yet polarizing, Mohammed bin Salman still relies on his father King Salman's legitimacy and credentials as the country faces challenges at home and abroad.

Architects from Middle East, beyond tear down barriers in Venice

Turkey’s national pavilion and other entries from the region are among the highlights at this year’s Venice Architecture Biennale, whose theme "Freespace" has prompted curators to investigate national boundaries, the human toll of migration and the concept of freedom.

Is Riyadh really pushing for control of Jerusalem holy sites?

Saudi Arabia is boosting its efforts to take over Jordan's administration of Jerusalem's holy sites, and many think the pressure is coming from Saudi efforts to drum up support for the US peace plan for the Mideast.

A tank belonging to Turkish soldiers and Ankara-backed Syrian Arab fighters is seen in the Kurdish-majority city of Afrin in northwestern Syria after they took control of it from Kurdish People's Protection Units (YPG) on March 18, 2018.
Turkish-backed rebels have seized the centre of Afrin city in northern Syria, Ankara said, as they made rapid gains in their campaign against Kurdish forces. A civilian inside Afrin said that rebels had deployed in the city centre and that the Kurdish People's Protection Un

Turkey’s Kurdish policies provoke backlash everywhere

The US-Turkish deal on Manbij sparks a Damascus opening to Syrian Kurds; Iran scolds Turkey on PKK operations in Syria; the HDP faces violence and an “uneven” playing field in elections; Iran is caught in the middle between Russia and Saudi Arabia.

MOSCOW, RUSSIA - JUNE 14: Mohammed bin Salman of Saudi Arabia, FIFA President Gianni Infantino and President Wladimir Putin of Russia look on during the 2018 FIFA World Cup Russia group A match between Russia and Saudi Arabia at Luzhniki Stadium on June 14, 2018 in Moscow, Russia. (Photo by Amin Mohammad Jamali/Getty Images)

Iran may become third wheel in Saudi-Russian relationship

Saudi Arabia and Russia have been overlooking their differences, focusing instead on their mutual energy interests, but it might prove hard to ignore the elephant in the room indefinitely.