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Saudi Arabia

July 10, 2026

Riyadh 11:34 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

Houthi rebels parade during a rally held to mobilize fighters for battles against government forces, in Sanaa, Yemen December 1, 2016. REUTERS/Mohamed al-Sayaghi - RTSU7TC

Congress raises alarm over US confrontation with Yemen's Houthis

House members want the legislative branch to sign off before any escalation against the Iran-backed group.

PA, Jordan compete for aid at Arab League Summit

Both the Palestinian and Jordanian governments took advantage of the Arab League Summit in Amman to present their cases for why they deserve more financial aid from the rich Gulf countries.

The GCC’s three options for dealing with Iran

Against the backdrop of heightened tensions with Iran in past years, the Gulf Cooperation Council stands at a crossroads in how it chooses to deal with the Islamic Republic.

U.S. President Donald Trump meets with Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman in the Oval Office of the White House in Washington, U.S., March 14, 2017. REUTERS/Kevin Lamarque - RTX30ZWC

Saudis jump on Trump bandwagon

After a deep disillusionment with the United States during Obama’s terms in office, the Saudis are now looking toward a better relationship with the Trump administration.

The shadows of men walking are seen in front of graffiti depicting relations between Egypt and Saudi Arabia in Cairo, Egypt, October 12, 2016. Picture taken October 12, 2016. REUTERS/Amr Abdallah Dalsh - RTSS9QV

Do oil shipments to Egypt mark new chapter for Egypt, Saudi relations?

Egypt has announced the resumption of Saudi oil shipments in what appears to be a move toward reducing the tension between both countries that has escalated over the past years, mainly over the Syrian crisis.

Egypt's Minister of Trade and Industry Tarek Kabil attends an agreement signing ceremony with President Abdel Fattah al-Sisi at the El-Thadiya presidential palace in Cairo, Egypt October 5, 2016. Picture taken October 5, 2016. REUTERS/Amr Abdallah Dalsh - RTX2Q7VA

Why Egypt is moving forward on free trade

Experts consider Egypt's recent actions supporting the Agadir Agreement significant, as Egypt has the largest market among the free-trade agreement's member countries, which will enjoy greater trade and investment opportunities with the help of Egyptian labor and investment opportunities.

Women hold a banner as they take part in a protest marking the International Women's Day outside the United Nations offices in Sanaa, Yemen March 8, 2017. REUTERS/Khaled Abdullah - RTS11XSB

Yemen war turns two

Saudi Arabia and the United States need to put more thought into the endgame for the war in Yemen.

TOPSHOT - Smoke billows on September 14, 2016 following a reported airstrike carried out by the Saudi-led coalition in the Yemeni capital Sanaa.
Saudi Arabia has faced repeated criticism from rights groups over civilian casualties in the coalition's military campaign against rebels in Yemen that was launched in March 2015. More than 6,600 people, mostly civilians, have been killed since the intervention of the Saudi-led Arab coalition, according to UN figures.

/ AFP / MOHAMMED HUWAIS (Photo credi

Congress prepares for another showdown over Saudi arms sales

Senators of both parties are determined to keep US bombs out of Yemen.

Iranian Foreign Minister Mohammad Javad Zarif delivers his speech during the 53rd Munich Security Conference in Munich, Germany, February 19, 2017. REUTERS/Michaela Rehle - RTSZC11

Zarif visits Qatar as Iran, Saudi Arabia continue hajj talks

Iran’s Foreign Minister Mohammad Javad Zarif traveled to Qatar to discuss bilateral relations after a flurry of diplomatic activity recently between Iran and Gulf Cooperation Council member states.

Egypt's President Abdel Fattah al-Sisi attends during signing of agreements ceremony with Sudanese President Omar Hassan al-Bashir (unseen) at the El-Thadiya presidential palace in Cairo, Egypt October 5, 2016. Picture taken October 5, 2016. REUTERS/Amr Abdallah Dalsh - RTX2Q29F

Can Arab Quartet advance two-state solution?

Egyptian President Abdel Fattah al-Sisi might propose that President Donald Trump meet with the Arab Quartet in order to advance the two-state solution.

Secretary-General of the Gulf Cooperation Council (GCC) Abdullatif bin Rashid Al Zayani, Kuwait's Foreign Minister Sheikh Sabah al Khalid al Sabah, Qatar's Foreign Minister Khaled al-Attiyah, Oman's Foreign Minister Yusuf bin Alawi bin Abdullah, Saudi Arabia's Foreign Minister Adel al-Jubeir, Bahrain's Foreign Minister Khalid bin Ahmed Al Khalifa and UAE'S Foreign Minister Abdullah bin Zayed Al Nahyan (L-R) pose for a group photo during an extraordinary meeting in Riyadh January 9, 2016. REUTERS/Faisal Al N

Gulf countries take back seat on Syria route

It seems Saudi Arabia is more interested in Yemen than in Syria these days, which explains dwindling Gulf support for Syrian rebels.

Saudi Arabia's Foreign Minister Adel al-Jubeir delivers his speech during the 53rd Munich Security Conference in Munich, Germany, February 19, 2017. REUTERS/Michaela Rehle - RTSZCG2

Saudis make surprise trip to Iraq: Why now?

Saudi Arabia is making overtures to Iraq as Iran's influence expands in the region.