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Saudi Arabia

July 12, 2026

Riyadh 4:05 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

Shiite Muslim pilgrims, mostly from Iran, walk near the shrine of Imam Abbas 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 Iraqi 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 row that has prevented I

Saudi Arabia launches Persian-language hajj TV program for Iranians

The Muslim festival to mark Eid al-Adha has done little to reduce tensions between regional rivals Iran and Saudi Arabia.

Flames rise from Saudi Arabia's embassy after it was stormed by Iranian protesters during a demonstration in Tehran, Iran, January 2, 2016. REUTERS/TIMA/Mehdi Ghasemi/ISNA/File Photo ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. REUTERS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS IMAGE. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. NO THIRD PARTY SALES. NOT FOR USE BY REUTERS THIRD PARTY DISTRIBUTORS. THIS PICTURE IS

Are Saudis open to rapprochement with Iran?

Despite a war of words between Iran and Saudi Arabia and other tensions, some observers believe relations between Riyadh and Tehran could improve.

Anti-Wahhabism spreading in Muslim world

The Shiism-Wahhabism conflict is expanding among other Islamic denominations, as several Sunni schools are taking actions against Wahhabism.

An aircraft fires missiles during the Northern Thunder exercises, in Hafr Al-Batin, near Saudi Arabia's border with Iraq, March 10, 2016. REUTERS/Abedullah al-Desori EDITORIAL USE ONLY. NO RESALES. NO ARCHIVE - RTSA6JM

Will 9/11 lawsuit vote sabotage US arms sales to Riyadh?

The Obama administration has offered to sell Saudi Arabia a record $115 billion in weapons. Does the Sept. 9 vote to allow the families of terrorist victims to sue the kingdom mean an end to business as usual?

An armed man loyal to the Houthi movement holds up ammunition as he gathers to protest against the Saudi-backed exiled government deciding to cut off the Yemeni central bank from the outside world, in the capital Sanaa, Yemen August 25, 2016. REUTERS/Mohamed al-Sayaghi - RTX2N19E

How long can the Houthis hold on to Yemen?

It seems the Houthi rebels are the only ones benefiting from the ongoing war in Yemen, as Saudi Arabia’s and Yemen’s economies have been badly affected.

A man holds a banner that reads "God's curse on Al Saud (Saudi royal family)" during the funeral of victims killed in Saudi Arabia in a stampede at the haj pilgrimage, in Tehran October 4, 2015. More than 464 Iranian nationals were killed in last month's crush in Mina, Saudi Arabia, Iran's Haj Organization says. Iranian officials have alleged the overall total death toll is more than 1,000. Saudi Arabia has confirmed the deaths of 769 people. REUTERS/Raheb Homavandi/TIMAATTENTION EDITORS - THIS PICTURE WAS

Khamenei calls for international investigation into hajj stampede

One year after the hajj disaster that killed nearly 500 Iranians out of more than 2,000 people, Iran’s Supreme Leader Ayatollah Ali Khamenei is calling for an international body to investigate.

Palestinian Hamas leader in Gaza Ismail Haniyeh waves to his supporters during an anti-Israeli rally in Gaza city April 28, 2016. REUTERS/Suhaib Salem - RTX2C2YQ

Qatar or Iran: Who will save Hamas?

The Hamas delegation will split forces after performing the hajj in Mecca, with Ismail Haniyeh heading to Qatar and Mahmoud al-Zahar visiting Iran.

Iran's Supreme Leader Ayatollah Ali Khamenei speaks during Friday prayers in Tehran September 14, 2007. REUTERS/Morteza Nikoubazl/File Photo - RTX2FG6B

Upcoming hajj pilgrimage again inflames Saudi-Iran tensions

Iran’s Supreme Leader Ayatollah Ali Khamenei issued his strongest condemnation of Saudi Arabia yet in response to the stampede during last year’s hajj pilgrimage.

Member from Hashid Shaabi hold a banner of Abdulmalik al-Huthi during a demonstration to show support for Yemen's Shi'ite Houthis and in protest of an air campaign in Yemen by a Saudi-led coalition, in Baghdad March 31, 2015. Saudi troops clashed with Yemeni Houthi fighters on Tuesday in the heaviest exchange of cross-border fire since the start of a Saudi-led air offensive last week, while Yemen's foreign minister called for a rapid Arab intervention on the ground. REUTERS/Thaier Al-Sudani - RTR4VNMI

Shiite alliance against Saudis grows tighter

As the sectarian conflict intensifies, Shiite forces expand their cooperation against Saudi Arabia while Iraq plays a key role in this regard.

Supporters of Shi'ite cleric Moqtada al-Sadr protest against the execution of Shi'ite Muslim cleric Nimr al-Nimr in Saudi Arabia, during a demonstration in Baghdad January 4, 2016. The poster reads, "Innocent blood on your hands, Al-Saud". REUTERS/Thaier Al-Sudani - RTX20ZAD

Why did Iraq ask Riyadh to change its ambassador?

Baghdad has asked Riyadh to replace its ambassador over his interference in Iraq's internal affairs, stirring a new crisis between the two countries.

Saudi Deputy Crown Prince Mohammad bin Salman (L) meets with Japan's Prime Minister Shinzo Abe at Abe's official residence in Tokyo, Japan September 1, 2016. REUTERS/Issei Kato - RTX2NR86

Prince Salman gets jump on G-20 as Saudi 'Mr. Everything' tours Asia

Deputy Crown Prince Mohammed bin Salman is set to be the youngest representative at the upcoming G-20 summit, his most significant step on the global stage to date, but can the spotlight on "Mr. Everything" distract from Yemen?

A Saudi money exchanger counts Saudi riyals in Riyadh August 4, 2008. Saudi Arabia's annual inflation rose 10.6% in June to a 30-year high due primarily to increases in food and housing costs, official data released on Sunday showed. The cost of living index for the largest Arab economy rose to 115.5 points on June 30 from 115 points in May, the Saudi Press Agency cited a report by the Ministry of Economy and Planning's Central Department of Statistics. REUTERS/Fahad Shadeed (SAUDI ARABIA) - RTR20M01

Costs of Saudi economic failures show up in electric bills

Saudis are complaining openly about their electricity bills that have doubled overnight, a dire sign for their economic future.