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Saudi Arabia

July 12, 2026

Riyadh 2:54 pm

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A man crosses a street while returning home from work, in Dubai on June 23, 2026. (Photo by FADEL SENNA / AFP via Getty Images)

Analysis

Saudi-UAE payment blocks could imperil billions in trade: What to know

Delayed bank transfers from Saudi Arabia to accounts in the United Arab Emirates could suggest the rivalry between the region's largest economies is entering a new financial phase.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Canada's Mark Carney (L) and Saudi Arabia's Crown Prince Mohammed bin Salman (R) met on the heels of the NATO summit in Riyadh on July 9, 2026.

Analysis

Carney bets on Saudi Arabia to help reduce dependence on US: What to know

Canada is seeking to diversify away from the United States, with Saudi Arabia and other Gulf states offering key energy and industrial benefits.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Igor IVANKO / AFP via Getty Images

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.

Latest News

Analysis

How Iran war shaped divergent paths to security among GCC states

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.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Syria launches gas project with Saudi firm in latest Gulf energy partnership

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

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.

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

WASHINGTON, DC - MAY 9: Sen. Thom Tillis (R-NC) speaks with an aide after a vote at the U.S. Capitol, May 9, 2016, in Washington, DC. Senate Democrats defeated a procedural vote on an energy bill, which increases funding for the Department of Energy and Army Corps of Engineers. (Photo by Drew Angerer/Getty Images)

Congress sends Riyadh 'signal' with vote to allow terror lawsuits

Congress defeated President Barack Obama's effort to shield the US ally from terrorism-related lawsuits.

A Palestinian salesperson holds Apple's new iPhone 5 at a mobile phone store in Gaza City October 16, 2012. Apple's new iPhone 5 is selling well in the Gaza Strip despite inflated prices, reaching the Palestinian enclave via smuggling tunnels even before high-tech hub Israel next door. REUTERS/Mohammed Salem (GAZA - Tags: POLITICS SCIENCE TECHNOLOGY BUSINESS SOCIETY TELECOMS) - RTR3970R

Gazans aren't spared from iPhone frenzy

Despite the 10-year siege, iPhone mobile devices still make it into the Gaza Strip, where there is a high demand among the citizens who pay large amounts of money to own smartphones and keep up with technology.

A man looks from the roof of a house destroyed by a Saudi-led air strike in old Sanaa city, Yemen, September 24, 2016. REUTERS/Mohamed al-Sayaghi - RTSP8QJ

Will next US president shift Washington's Yemen policy?

To be seen as a legitimate peace broker, the United States must urge all sides in the Yemeni civil war to make necessary compromises.

A man walks inside a building destroyed by a Saudi-led air strike in the Red Sea port city of Houdieda, Yemen, September 5, 2016. REUTERS/Abduljabbar Zeyad - RTX2O5W7

Senate tacitly endorses US role in Yemen war

The upper chamber overwhelmingly defeated a bill to block US arms sales to Saudi Arabia.

Iranian protesters hold pictures of prominent Shi'ite cleric Sheikh Nimr al-Nimr during a demonstration against the execution of al-Nimr in Saudi Arabia, at Imam Hussein square in Tehran January 4, 2016. REUTERS/Raheb Homavandi/TIMA ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RTX20Z33

Why Iran and Saudi Arabia will jaw-jaw but not war-war

Despite increasingly tough rhetoric and a breakdown in diplomatic relations, neither Iran nor Saudi Arabia appears to be looking for a new fight.

Shiite Muslim pilgrims gather in front of the shrine of Imam Hussein, a grandson of the Prophet Mohammed, on Arafah day, referring to a prayer performed by Shiites in Saudi Arabia's Arafat plain on the second day of hajj, on September 11, 2016 in the holy city of Karbala, 80 kilometres south of the capital Baghdad.
Barred from Mecca amid an escalating spat between Tehran and Saudi Arabia, masses of Iranian Shiite faithful have converged on the holy Iraqi city of Karbala for an alternative pilgrimage. The r

Will Iranian pilgrims forsake Mecca for Karbala?

Iran and Saudi Arabia are expanding the conflict over Islamic religious sites as they continue to exploit religion for their political interests.

People stand on the rubble of a school destroyed by a Saudi-led air strike in an outskirt of the northwestern city of Saada, Yemen September 14, 2016. REUTERS/Naif Rahma - RTSNNEQ

Iran looms large over Senate fight to block arms sales for Saudi war in Yemen

Resolution sponsors insist: It’s a civil war, not a proxy war.

(L-R) Saudi Crown Prince Mohammed bin Nayef, Saudi King Salman, and Saudi Arabia's Deputy Crown Prince Mohammed bin Salman stand together as Saudi Arabia's cabinet agrees to implement a broad reform plan known as Vision 2030 in Riyadh, April 25, 2016. To match Insight SAUDI-PLAN/PRINCE Saudi Press Agency/Handout/File Photo via REUTERS. ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. NO RESALES. NO ARCHIVE. - RTX2CU2M

Riyadh's bold gamble

King Salman's costly foreign adventures and high-risk interventions are a significant departure from past Saudi foreign policy.

Palestinians shop as a mannequin displaying a headscarf and robe is seen at a market ahead of the Eid al-Adha festival in Khan Younis in the southern Gaza Strip September 23, 2015. Muslims across the world are preparing to celebrate the annual festival of Eid al-Adha or the Feast of the Sacrifice, which marks the end of the annual haj pilgrimage, by slaughtering goats, sheep, cows and camels in commemoration of the Prophet Abraham's readiness to sacrifice his son to show obedience to Allah. REUTERS/Ibraheem

Hajj is 'blessed season' for Gaza shop owners

Added expense and problems with transport are leading Gazans to buy hajj gifts from local markets rather than in Saudi Arabia.

Meet the likely successor of Islamic State’s Baghdadi

After IS spokesman and second-in-command Abu Mohamed al-Adnani was killed in an airstrike last month, there are indications that Bahraini citizen Turki al-Binali may replace him.

Iranian men holding a picture Bahraini Shiite cleric Sheikh Isa Qassim (R) and a caricature of the Saudi king, participate in an anti-Saudi demonstration in the capital Tehran on September 9, 2016.
With Iranians barred from the annual hajj pilgrimage, thousands protested in Tehran and officials criticised Saudi Arabia's refusal to discuss last year's deadly stampede during which more than 400 Iranians were among the nearly 2,300 pilgrims that were killed. The writing on the posters in Arabic read "Malicious

Iranian commander offers rare advice

The special military adviser to Iran’s supreme leader has called for Tehran to strengthen ties with the Gulf states and avoid increasing tensions with Saudi Arabia.

Saudi King Salman bin Abdulaziz (C-L) walks with Egypt's President Abdel Fattah al-Sisi during a welcoming ceremony upon al-Sisi's arrival to attend the Summit of South American-Arab Countries, in Riyadh November 10, 2015. REUTERS/Faisal Al Nasser TPX IMAGES OF THE DAY - RTS6BGC

Is Egypt-Saudi love affair on the rocks?

While some in Saudi Arabia are furious after the grand imam of Egypt’s Al-Azhar spoke at a Chechen conference that condemned Riyadh, others argue that ties between the two are stronger than ever.