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Yemen

August 5, 2026

Sanaa 10:54 pm

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Khaled ZIAD / AFP via Getty Images

Explainer

Iran-Oman deal spurs Hormuz hopes as Red Sea threats evolve

Iran has signaled that an agreement was reached with Oman establishing a Hormuz shipping route even as Houthi attacks in the Red Sea expand.

An Egyptian man looks at the Qatari Liquefied Natural Gas (LNG) carrier "Duhail" as its passes through the Suez Canal near the Egyptian port city of Ismailia on April 1, 2008. The vessel has a capacity of 210,100 cu.m making it one of the largest LNG carriers constructed to date. AFP PHOTO/STR (Photo credit should read -/AFP via Getty Images)

Analysis

How strike on Damietta port exposes Egypt's energy infrastructure risks

The unclaimed attack on the port of Damietta could draw Egypt further into the US-Iran conflict as experts point to growing threats to critical infrastructure in the Eastern Mediterranean.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

This aerial photo shows a tanker unloading imported crude oil at a terminal port in Qingdao, in China's eastern Shandong province on June 25, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

China cuts deal with Houthis, adjusts for long US war with Iran

China is cutting its own deals and gaining wartime leverage as the Trump administration scrambles to contain the war and reopen Hormuz.

Latest News

Oil jumps 8% as US-Iran war pressures Saudi Arabia, explosions hit Egypt

A trader works on the floor of the New York Stock Exchange on July 24, 2026, in New York.

Deputy chairman of the Presidential Leadership Council Sultan Ali al-Aradah

Interview

Resumption in Yemen's oil exports 'possible' with security measures: VP

Deputy chairman of the Presidential Leadership Council Sultan Ali al-Aradah expressed confidence in US President Donald Trump's approach to the Houthis and Iran, though a military campaign against the group may face limitations.

A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026.

Explainer

Tankers keep sailing Red Sea despite Houthi threats as Saudi oil lifeline faces strains

Roughly a dozen oil tankers were sailing in the vicinity of the Bab el-Mandeb Strait as of Tuesday evening, following an uptick in traffic the day before as shippers bet on new US-Iran diplomacy.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Oil falls 9.5% in steepest drop in months as Iran, US pause attacks

Iran says it is still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States after President Donald Trump halted a two-week bombing campaign.

Mohammed HUWAIS / AFP via Getty Images

Dozens killed in Yemen clashes as Houthis escalate threats against Saudi Arabia

Sporadic clashes between Yemeni government forces and Houthi rebels have intensified with the US-Iran escalation in the region.

A vessel transits the Suez Canal toward the Red Sea amid Houthi attacks on shipping, Nov. 3, 2024.

Oil tops $100 for first time since May after Houthi tanker strikes, Trump threats

The Iran-backed rebels said they had targeted two Saudi tankers, the Encelia and the Layla.

A pickup truck carrying a turret is pictured as fighters supporting the Aden-based and internationally recognized Yemeni government gather along the Red Sea shore in Khokha, in Yemen's western Hodeidah province on July 20, 2026.

Houthis warn shipping firms to avoid Saudi ports or face attack: What to know

The Houthi militia reportedly emailed multiple shipping companies on Tuesday, warning them of the consequences of visiting Saudi ports.

Supporters of the Iran-backed Houthi movement brandish their weapons as they rally in solidarity with Iran and Lebanon in Sanaa on April 10, 2026.

Yemen's Houthis raise Red Sea stakes for Trump

With President Donald Trump ratcheting up his threats, will Iran play its Houthi card?