Economy and trade

Trucks loaded with goods wait to cross over to Syria

Analysis

How Hormuz crisis is reshaping economic ties between Iraq and Syria

Iraq and Syria are expanding trade and energy cooperation, but security risks, economic challenges and longstanding mistrust raise questions about whether their growing partnership can endure.

Shelly Kittleson

By Shelly Kittleson

In Baghdad, reporting on Iraqi politics

An attendee walks past signage displayed inside the venue for the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 14, 2026. (Photo by ANTHONY WALLACE / AFP via Getty Images)

Syria to rejoin Arab group at IMF, leaving Russian-led constituency

Syria will rejoin the Arab constituency at the International Monetary Fund beginning Nov. 1 and has applied for membership in the EBRD.

Russia's Ekaterina Alexandrova returns the ball to Kazakhstan's Elena Rybakina during their WTA Finals tennis tournament in Riyadh on November 5, 2025. (Photo by Fayez NURELDINE / AFP via Getty Images)

Explainer

From Six Kings Slam to FIFAe finals, Saudi Arabia's events derailed by war

Some of Saudi Arabia’s flagship events — across sectors including culture, entertainment and sports — have been canceled or postponed following deadly Houthi attacks over the weekend.

Flames burn at a facility belonging to Saudi oil giant Aramco south of Riyadh

Explainer

Aramco HQ attack exposes Saudi defense gaps, infrastructure vulnerabilities

The Iran-linked Yemeni militants struck at the heart of Saudi Arabia’s oil industry this week amid an expanding campaign against key infrastructure.

Latest News

Explainer

IMF projects Gulf rebound in 2027. Can energy production keep pace?

TOPSHOT - Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /

Jeddah airport flights disrupted as Houthis escalate threats

Men walk at a terminal at Saudi Arabia's King Abdulaziz International Airport in Jeddah on December 12, 2019. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Saudi Arabia outlines oil export plans amid escalating Houthi attacks

Guests attend the 25th WPC Energy Congress, Riyadh, Saudi Arabia, Oct. 12, 2026.

Iraq devalues dinar 13% as Hormuz disruption hits oil revenue

A man walks past a closed foreign exchange office in Baghdad on October 7, 2026. Iraq's central bank devalued the dinar currency against the dollar on October 7, with the country facing a deepening crisis brought on by the Middle East war. (Photo by AHMAD AL-RUBAYE / AFP via Getty Images)

France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

France, Saudi Arabia announce more than $10B in deals on MBS visit

Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris.

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

King Abdullah II arrives in Beijing, Aug. 20, 2026. Photo from Xinhua/Chen Yehua.

Explainer

King Abdullah visits China as region hedges against US unpredictability

With no end in sight to the war in Iran and an unchecked Israeli policy across the region, the kingdom is hedging against future uncertainty and a less predictable US policy.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

Chinese President Xi Jinping (R) shakes hands with King of Jordan Abdullah II during a signing ceremony at The Great Hall Of The People on Sept. 9, 2015, in Beijing, China.

Jordan's King Abdullah heads to China in first visit since 2015: What to know

Ahead of the visit, King Abdullah said that Jordan hopes to expand cooperation with China in green energy, tourism and aviation.

The Al-Riqqa oil tanker (L) and Al-Yarmouk oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Kuwait's LNG imports climb to highest level since start of Iran war

The country's domestic gas production has fallen drastically since the beginning of the US-Israel-Iran war in February.

Building construction at the Red Sea in Egypt.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war.

US President Donald Trump (R) meets with Jordanian King Abdullah II in the Oval Office of the White House, Washington, DC, Feb. 11, 2025.

Analysis

Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington

Already a leading recipient of US aid, Jordan has secured fresh funds from the United States as the Iran war tests Amman and Washington's partnerships.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Michael M. Santiago/Getty Images

US stock markets soar to new records amid Hormuz deal hopes

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are on track for their best five-day performance since April 2025.

Iranian Foreign Minister Abbas Araghchi (L), Iranian parliament speaker Mohammad Bagher Ghalibaf (2nd L) and Omani Foreign Minister Badr bin Hamad Al Busaidi (R) attend a meeting in Muscat, Oman, on June 22, 2026.

Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

The new framework would give Iran a greater role in managing one of the world’s most strategically important maritime choke points.

JOSEPH EID/AFP via Getty Images

Lebanon’s Riad Salameh hospitalized as arrest roils Beirut: What to know

Lebanon's former Central Bank governor, Riad Salameh, was taken from prison to a hospital over his deteriorating health.

Fayez Nureldine / AFP via Getty Images

Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know

The kingdom saw a 24.7% year-on-year decline in its oil sector for the April 1 to June 30 period due to the closure of the Strait of Hormuz.