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July 15, 2026

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A ship sails off the coast of Ajman on July 10, 2026.

Interview

Why the Strait of Hormuz no longer rattles oil markets as much: IMF

The fund's Middle East director, Jihad Azour, told Al-Monitor that the big Gulf energy producers now have more capacity to absorb the shock.

Jihad Azour

Jihad Azour

director of the Middle East and Central Asia Department at the International Monetary Fund

Mohammed HUWAIS / AFP via Getty Images

Yemen’s Houthis accuse Saudi Arabia of striking Sanaa airport: What to know

The Yemeni government claimed that its armed forces struck the Sanaa International Airport to prevent an Iranian plane from landing, while the Houthis accused the government's ally, Saudi Arabia, of carrying out the strikes.

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

Latest News

Analysis

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

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.

Adam Lucente

By Adam Lucente

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

How Iran war could impact oil markets in 2027

Igor IVANKO / AFP via Getty Images

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

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

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

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

Iraq's Foreign Minister Hoshiyar Zebari (back) receives the newly appointed ambassador of Saudi Arabia to Iraq, Mohanned Sleman al-Zaid, at the headquarters of the Foreign Ministry in Baghdad March 26, 2012. REUTERS/Mohammed Ameen (IRAQ - Tags: POLITICS) - RTR2ZWZ0

Saudi Arabia Vies For Influence in Iraq

Riyadh has reached out to tribal sheikhs in southern Iraq in what some see as a continuation of the ongoing Saudi-Iranian competition for influence in the region.

A man celebrates the country's National Day in Riyadh September 23, 2012. REUTERS/Fahad Shadeed (SAUDI ARABIA - Tags: ANNIVERSARY SOCIETY) - RTR38BR3

Saudi National Day Masks Contradictions in Culture and Identity

The power and pomp that will be on display on Saudi National Day on Sept. 23 will mask broader contradictions in the Kingdom’s national identity.

Saudi Arabia's Foreign Minister Prince Saud al-Faisal (C) arrives before the opening of an emergency meeting among the Arab League foreign ministers, held to discuss the Syrian crisis and the potential military strike on President Bashar al-Assad's regime, at the Arab League headquarters in Cairo, September 1, 2013. Saudi Arabia told fellow Arab League states on Sunday that opposing international intervention against the Syrian government would only encourage Damascus to use weapons of mass destruction. REU

Saudi Arabia Pushes US Toward Military Strike in Syria

Saudi Arabia is advocating for a US military strike in Syria to advance its own regional and sectarian agenda.

A woman cries at the site of an explosion in Beirut's southern suburbs, August 15, 2013. Rescue workers in the southern Beirut district hit by an explosion on Thursday have found nine bodies, a witness at the scene said. The powerful blast engulfed several cars in flames and also trapped people in a nearby building. REUTERS/Mahmoud Kheir (LEBANON - Tags: CIVIL UNREST POLITICS TPX IMAGES OF THE DAY) - RTX12MIN

Lebanon Caught in Middle Of Iranian-Saudi 'Cold War'

Lebanon’s unique position in the Arab Levant means it has been inevitably caught up in the back and forth of Iran and Saudi Arabia’s proxy war in the region.

Ekmeleddin Ihsanoglu, secretary-general of the Organisation of the Islamic Conference (L) speaks with Gulf Cooperation Council (GCC) Secretary-General Abdul-Rahman al-Attiyah before a news conference in Riyadh March 28, 2011. Qatar's support for the rebel Libyan National Council shows the group is the only legitimate representative of the Libyan people, the secretary general of the political and economic bloc of Gulf countries said on Monday. REUTERS/Fahad Shadeed (SAUDI ARABIA - Tags: POLITICS) - RTR2K

Turkish Leader Lashes Out on Twitter

Turkey is engaged in a covert war with Riyadh over the Turkish origins of the Organization of Islamic Cooperation's chief.

Saudi Arabia's King Abdullah (L), Turkey's President Abdullah Gul (C) and Bahrain's King Hamad bin Isa al-Khalifa are seen after the official photo taking session of the Organisation of Islamic Conference (OIC) summit in Mecca August 14, 2012. REUTERS/Hassan Ali (SAUDI ARABIA - Tags: POLITICS ROYALS) - RTR36UJ4

Saudi Arabia and Turkey Falter Over Egypt

Though Saudi Arabia and Turkey share strategic goals in the region, the Egyptian coup is testing the strength of the two countries' relations.

Egyptian President Mohamed Mursi (R) meets with Turkish Prime Minister Tayyip Erdogan at the Presidential Palace in Cairo November 17, 2012. REUTERS/Egyptian Presidency/Handout (EGYPT - Tags: POLITICS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTR3AINS

Turkey’s 'Precious Isolation' In the Middle East

Foreign policy decisions by the Erdogan government, including on Egypt and Syria, have left Turkey without any influence over events in the Middle East.

Supporters of Egypt's deposed Islamist President Mohamed Mursi pray during a rally in protest against the recent violence in Egypt, in Sanaa August 16, 2013. Protests by Mursi supporters turned violent across Egypt on Friday, with witnesses reporting four dead in central Cairo and at least 12 killed in northern cities as the Muslim Brotherhood staged a "Day of Rage". REUTERS/Khaled Abdullah (YEMEN - Tags: POLITICS CIVIL UNREST RELIGION) - RTX12NKO

Qatar Encroaches on Saudi Influence In Yemen

As elsewhere in the Middle East post-Arab Spring, Qatar and Saudi Arabia are vying for influence in an unstable and economically weak Yemen.

Iraqi Foreign Minister Hoshyar Zebari speaks at the Diplomatic and Political Joint Coordinating Committee meeting hosted by U.S. Secretary of State John Kerry at the State Department in Washington August 15, 2013. REUTERS/Kevin Lamarque (UNITED STATES - Tags: POLITICS) - RTX12MHG

Iraqi Official: Rouhani 'Means Serious Business' With US

Iraqi Foreign Minister Hoshyar Zebari says the Iranian leadership could have prevented Hassan Rouhani from becoming president if it wanted to continue hard-line policies toward the United States.

Russia's President Vladimir Putin (R) and Secretary General of Saudi Arabia's National Security Council Prince Bandar Bin Sultan meet in Moscow, August 2, 2007. REUTERS/Alexander Natruskin (RUSSIA) - RTR1SGI2

Saudi Arabia and The Illusory Counterrevolution

Washington and Riyadh no longer share the same assessment of the threat and the need for reform in the region.

An honour guard carries coffins of military personnel killed after tribal militants shot down a military helicopter In Marib province, 173 km east of the capital Sanaa. August 7, 2013. REUTERS/Mohamed al-Sayaghi (YEMEN - Tags: MILITARY OBITUARY) - RTX12CV5

Saudi Arabia Keeps Tight Grip on Yemen

Saudi Arabia is treading carefully in Yemen, especially following the overthrow of Mohammed Morsi in Egypt.

U.S. President Barack Obama sits next to Qatar Emir Sheikh Hamad bin Khalifa al-Thaniat (not pictured) as he speaks in the Oval Office of the White House in Washington, April 23, 2013. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS) - RTXYXDL

Back to the Future for US Policy In Egypt and Syria

The Obama administration gives priority to containing Islamic extremism, not promoting democracy, in the Middle East.