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Saudi Arabia

July 10, 2026

Riyadh 10:27 pm

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How Iran war could impact oil markets in 2027

The International Energy Agency forecasts global oil supply will exceed demand by 4.62 million barrels per day in 2027.

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.

Latest News

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

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

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

A member of the Islamist Syrian opposition group Ahrar al-Sham fires against a position of the Committees for the Protection of the Kurdish People (YPG), a militia set up to protect Kurdish areas in Syria from opposing forces, during clashes in the countryside of the northern Syrian Raqqa province on August 25, 2013. Syrian Foreign Minister Walid Muallem said on August 27 the UN mission investigating alleged chemical weapons attacks in Damascus has been delayed until the following after rebels failed to gu

Complex deal frees kidnapped Qatari royals, two Saudis

Various versions of a recent hostage deal are circulating that include, potentially, political motivations, millions of dollars in ransom, exchanged military prisoners and relocated civilians.

Iranian Foreign Minister Mohammad Javad Zarif (L) listens to his Jordanian counterpart Nasser Judeh during a joint news conference in Amman, Jordan January 14, 2014. REUTERS/Mohammad Hannon/Pool (JORDAN - Tags: POLITICS) - RTX17E5V

War of words escalates between Jordan, Iran

Jordan’s 1994 peace treaty with Israel along with its pro-US orientation seems to have put the country on a collision course with Iran.

Turkish President Tayyip Erdogan addresses his supporters at the Presidential Palace in Ankara, Turkey, April 17, 2017. REUTERS/Umit Bektas - RTS12NRL

Does Erdogan expect Trump to ditch Syrian Kurds?

US and Turkish presidents talk, agree to meeting in Washington; Saudi-Iraqi ties hit Iranian ceiling; Turkey sees al-Bab as safe haven for displaced Syrians.

Foreign Ministers, Sergei Lavrov (C) of Russia, Walid al-Muallem (L) of Syria and Mohammad Javad Zarif of Iran, attend a news conference in Moscow, Russia, April 14, 2017. REUTERS/Sergei Karpukhin - RTX35J4R

Russia steps up its game in Mideast diplomacy

The heavy traffic between Moscow and the Middle East after US Secretary of State Rex Tillerson visited Russia last week signals that Russia is looking to quickly solidify its relationships with regional partners.

Saudi Foreign Minister Adel al-Jubeir attends the opening of a meeting of the coalition to defeat the Islamic State group at the State Department in Washington, DC, on March 22, 2017.
Ministers from the 68-nation US-led coalition fighting the Islamic State group are meeting in Washington Wednesday to hear more about US President Donald Trump's plan to destroy the jihadists' remaining strongholds in Iraq and Syria. / AFP PHOTO / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)

Is Saudi Arabia really willing to normalize ties with Iraq?

Despite some progress in Saudi-Iraqi ties, further improvement is hindered by Iranian influence in Iraq and Baghdad's inability to control Shiite militias.

Battle damage assessment image of Shayrat Airfield, Syria, is seen in this DigitalGlobe satellite image, released by the Pentagon following U.S. Tomahawk Land Attack Missile strikes from Arleigh Burke-class guided-missile destroyers, the USS Ross and USS Porter on April 7, 2017. DigitalGlobe/Courtesy U.S. Department of Defense/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. MANDATORY CREDIT. TPX IMAGES OF THE DAY - RTX34MOP

After US missile strikes, can Tillerson find common ground with Russia in Syria?

US strategy to defeat Islamic State in play as secretary of state heads to Moscow and UN secretary-general calls for restraint.

U.S. President Donald Trump and Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman meet at the White House in Washington, U.S., March 14, 2017. REUTERS/Kevin Lamarque - RTX30ZV3

Saudis have high hopes for Trump following Syria airstrike

After failing in efforts to push Obama toward further involvement against Damascus in the Syrian conflict, Saudi Arabia is hoping the airstrike launched by Trump against a Syrian air base early this morning is not a one-off.

Is freedom of expression on the rise in Saudi Arabia?

The decision to list 5% of Saudi Aramco’s shares has raised wide criticism from the Saudi public while sheding light on the issue of freedom of expression and disapproval in Saudi Arabia.

(front R-L) Yemen's President Abd-Rabbu Mansour Hadi, Palestinian President Mahmoud Abbas, Djibouti's President Ismail Omar Guelleh, Qatari Emir Sheikh Tamim bin Hamad al-Thani, Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah, Jordan's King Abdullah II, Saudi Arabia's King Salman bin Abdulaziz Al Saud, Bahrain's King Hamad bin Isa Al Khalifa, Sudan's President Omar Al Bashir, Egypt's President Abdel Fattah al-Sisi, and Mauritania's President Mohamed Ould Abdel Aziz pose for a group photograph during the 28t

Ineptitude meets low altitude at Arab League summit

Few major breakthroughs were reached at this year's Arab League Summit held in Jordan.

U.S. Secretary of State Rex Tillerson and Turkish Foreign Minister Mevlut Cavusoglu attend a news conference in Ankara, Turkey, March 30, 2017. REUTERS/Umit Bektas - RTX33DCF

Did the US, Turkey reach understanding on Assad?

Turkey declares an end to Syrian military intervention; alarm over possible US military support to Gulf coalition in Yemen war.

Iran's Foreign Minister Mohammad Javad Zarif makes a pledge during the second makes a pledge during the second 'Thematic Pledging Session' at the donors Conference for Syria in London, Britain February 4, 2016. REUTERS/Matt Dunham/pool - RTX25FTG

Iran in crosshairs as Syrian war winds down

As a resolution to the Syrian conflict grows closer, it is becoming clear that Iran is increasingly in the crosshairs of the Damascus regime's opponents and their backers.

A man walks on the rubble of houses at the site of a Saudi-led air strike in the Red Sea port city of Hodeidah, Yemen September 22, 2016. REUTERS/Abduljabbar Zeyad - RTSOWXB

Critics say operation to take port could spell more catastrophe for Yemen

As the Trump administration considers providing support for a UAE/Saudi operation to take a Yemeni port, some UN, former US officials warn it could tip Yemen into famine.