Economy and trade

French President Emmanuel Macron (L) and Oman's Sultan Haitham bin Tarik pose during a meeting with business leaders in Paris on June 29, 2026.

Oman's sultan meets Macron in first France visit since 1989: What to know

French President Emmanuel Macron has been pushing against any form of toll for the Strait of Hormuz.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Analysis

Why the Hormuz oil shock never became an energy catastrophe

The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Oil falls below $74 as Hormuz traffic recovers after Iran war

Elke Scholiers/Getty Images

Explainer

Lebanon advances controversial $500K golden visa law: What to know

A picture shows the four seasons hotel in Beirut with the snow covered mountain of Sannine in the background on March 8, 2019.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Interview

US-Egypt fund makes case for economic statecraft in hard power era

A worker counts banknotes after filling up the tank of a vehicle at a petrol station in Giza on March 10, 2026.

Cornelius Queen

Cornelius Queen

Senior Vice President of the Egyptian-American Enterprise Fund

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to film or take pictures in Tehran.
Motorists travel on a highway in Tehran as the city is covered in dust July 6, 2009. The government closed private educational centres, state offices, industrial units and military bases for two days and raised its pollution alert status due to the dust, which an official from Tehran's environment office attributed the source to dust from dried marshland in Iraq blown towar

Iran prepares to boost jobs, clean air by revamping auto fleet

The vast fleet of dilapidated vehicles on Iranian roads may disappear sooner than thought, though not everyone is optimistic about Tehran's latest attempt to get it done.

Iran's currency crisis shakes Rouhani’s middle-class base

Following the nationwide protests led by the Iranian working class in late December, the return of fluctuations on the foreign exchange market is putting pressure on the minds of middle-class Iranians.

After big boom, Turkey’s aviation sector heads for turbulence

Led by national carrier Turkish Airlines, Turkey’s civil aviation sector has grown impressively since 2003, but its heyday may be over due to the strain of economic and political factors.

Turkey mulls 'national' bitcoin

A government-promoted push for the "native and national" in almost every realm has reached the sphere of cryptocurrency despite Turkey's lingering mistrust of bitcoin.

Congress skeptical of Saudi nuclear energy demands

Lawmakers are making it clear that any proposal to share civilian nuclear technology with Saudi Arabia must include robust nonproliferation safeguards.

An Iraqi money dealer counts Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, at an exchange office in Baghdad on February 3, 2012. Tens of thousands of Iranian visitors have been finding difficulty in using the Iranian currency in Iraq due to a depreciation of the rial against the dollar. AFP PHOTO/ ALI AL-SAADI (Photo credit should read ALI AL-SAADI/AFP/Getty Images)

Six factors driving Iran’s sudden currency devaluation

A confluence of political, economic and psychological factors appears to be behind the recent plunge in the Iranian currency’s value on the free market.

Anxious Turkish investors eyeing opportunities abroad

Mounting political tensions, uncertainties and declining rule of law in Turkey are pushing Turkish entrepreneurs to consider investing abroad.

United Arab Emirates

Turkey eyes Indian weddings to prop up tourism industry

The Turkish tourism industry, scrambling to recover from its worst crisis in years, seeks to grab a share from India’s lucrative wedding market.

A Bombardier CRJ 1000 of French low-cost Hop! airline company takes off the Toulouse-Blagnac airport, near Toulouse, on October 19, 2017. / AFP PHOTO / PASCAL PAVANI (Photo credit should read PASCAL PAVANI/AFP/Getty Images)

Questions abound as Iranians claim US Treasury licensing plane sales to Iran

The US Treasury Department is reportedly finally moving on issuing the necessary licenses for airplane sales to Iran after a long period of inactivity.

Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, sit on the stand of an Iraqi money dealer on June 19, 2014, in Arbil, the capital of the autonomous Kurdish region of northern Iraq. President Hassan Rouhani said on June 18 Iran would do whatever it takes to protect revered Shiite shrines in Iraq against Sunni militants fighting the Baghdad government. AFP PHOTO/KARIM SAHIB (Photo credit should read KARIM SAHIB/AFP/Getty Images

Iran’s police step in to contain foreign currency debacle

Iranian police enter the fray to contain an emerging foreign exchange crisis.

PA must take difficult road to financial freedom from Israel

Despite deciding to sever economic ties with Israel, the Palestinian Authority has yet to show it's willing to take the difficult steps that are essential to achieving economic independence.

Azerbaijan's Foreign Minister Elmar Mammadyarov (R) meets with his Iranian counterpart Mohammad Javad Zarif in Baku on December 20, 2017.
Foreign Ministers of Azerbaijan, Iran and Turkey hold the fifth trilateral meeting in Baku. / AFP PHOTO / Tofik BABAYEV (Photo credit should read TOFIK BABAYEV/AFP/Getty Images)

Iran, Azerbaijan warm up ties after years of frost

While Iran and Azerbaijan have had relatively chilly relations in past decades, the two neighbors finally appear to be on the path to closer ties.