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Saudi Arabia

July 8, 2026

Riyadh 5:10 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

Is the GCC dead?

The Gulf Cooperation Council is broken and may not be fixable.

Russian President Vladimir Putin shakes hands with Saudi Crown Prince Mohammed bin Salman during their meeting at the Kremlin in Moscow, Russia June 14, 2018. Yuri Kadobnov/Pool via REUTERS - RC1F6D500190

Saudi crown prince, Putin boost energy cooperation in Moscow meeting

The recent meeting between the Russian president and the Saudi crown prince appears to have moved the two countries closer to a grand bilateral energy deal.

Trump's Israel-Palestine deal targets Saudi alliance, not peace

President Donald Trump knows that in order to get the Saudis into a regional alliance with Israel against Iran, he must first present a peace deal between Israel and the Palestinians.

Does latest Gulf aid to Jordan come with strings?

Analysts wonder whether a Gulf aid package to help Jordan deal with its current economic crisis is in fact an attempt to pressure the kingdom into accepting the Israeli-Palestinian peace plan being developed by the United States.

Workers inspect damage at the site of an air strike on the maintenance hub at the Hodeida port, Yemen May 27, 2018. REUTERS/Abduljabbar Zeyad - RC1CB0640040

Congress seeks to hamstring US support for assault on Yemen port

The Trump administration denies supporting the UAE’s offensive on Hodeidah, but lawmakers are skeptical.

Smoke rises from a warehouse of the World Food Programme as fire engulfs it in Hodeida, Yemen March 31, 2018. REUTERS/Abduljabbar Zeyad - RC1F6A979000

US gives 'yellow light' to UAE assault on Yemen port

A top United Arab Emirates official urged the international community to pressure the Houthi rebels to withdraw from the key Yemeni port city.

Saudi Arabia bails out Jordan

In light of Jordan's latest protests that toppled the prime minister, Saudi Arabia initiated a summit June 10 where a $2.5 billion five-year aid program was agreed on to help the Hashemite Kingdom regain a position of stability in the region.

Egyptian MPs open Pandora's box on popular soccer team's finances

An exchange of accusations between Saudi soccer boss Turki al-Sheikh and Al-Ahly's board opens Pandora's box on the Egyptian soccer team's donations.

Workers inspect damage at the site of an air strike on the maintenance hub at the Hodeida port, Yemen May 27, 2018. REUTERS/Abduljabbar Zeyad - RC174C049830

US loses leverage to stop Yemen operation

Congress is calling on the Pentagon to try to prevent a UAE-backed attack against Yemen’s largest Houthi-held port, but analysts said it’s unclear whether the United States has much leverage.

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi/File Photo - S1AETIFZPBAC

Iran could become collateral damage of OPEC decision

If OPEC decides this month to increase oil output, it will probably be the result of a simple economic decision and not any desire by Riyadh and Moscow to cater to the United States.

A view of damage on a street where Houthis have recently clashed with forces loyal to slain Yemeni former president Ali Abdullah Saleh in Sanaa, Yemen December 6, 2017. REUTERS/Khaled Abdullah - RC1476393DB0

Congress seeks to insulate Oman from Yemen instability

As the 3-year-old proxy war between Saudi Arabia and Iran continues to destabilize Yemen, Congress seeks to shore up security in neighboring Oman.

Firefighters try to extinguish a fire engulfing warehouse of the World Food Programme in Hodeida, Yemen March 31, 2018. REUTERS/Abduljabbar Zeyad - RC141A5A1C40

Concern mounts as coalition forces advance on key Yemeni port

Has the United States lifted its “red light” on an Emirati- and Saudi-backed military operation to take the key Yemeni port?