Iran-Israel conflict

Ships are anchored in the Strait of Hormuz on Aug. 10, 2026, off the coast of Bandar Abbas, Iran.

Iran says understanding reached with Oman over new Hormuz route map

Iranian Foreign Ministry spokesperson Esmail Baghaei told reporters in Tehran on Monday that “an understanding has been reached regarding the map of the transit route.”

A photograph obtained from the Iranian Students’ News Agency shows an oil slick along the southern coast of Qeshm Island, Iran, August 13, 2026.

Oil spills off Oman, Iran's Qeshm Island reap environmental havoc amid war

One oil leak off the coast of Oman is estimated to cover more than 772 square miles, devastating local habitats.

Libyan firefighting teams attempt to extinguish a fire at the Zawiya refinery, the second-largest oil refinery in Libya, with a refining capacity of 120,000 barrels per day, after a tank belonging to the state-owned Libyan Brega Oil Company was attacked by unknown perpetrators, in Zawiya, Libya, on Aug. 11, 2026.

Analysis

Libya’s oil revival faces new test as violence returns amid US peace push

A drone strike destroyed a power substation in Zawiya as a US-backed peace push appears to be roiling domestic tensions.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

port attack

Hormuz traffic sinks to one-week low as ships attacked, talks stagnate

The United States and Yemen's Houthi rebels carried out separate attacks on commercial ships on Tuesday in the Gulf of Oman and the Red Sea.

Latest News

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

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.

Iran’s Khamenei appoints six military commanders: What to know

image of Iran's Supreme Leader Mojtaba Khamenei

Explainer

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

Building construction at the Red Sea in Egypt.

Analysis

As US rethinks regional presence, Israel shifts focus to destabilizing Iran

Hussein FALEH / AFP via Getty Images

In Tel Aviv, reporting on national security, Israeli politics, defense

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

How Iran war created unexpected economic beneficiaries

The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East.

Smoke rises from an area of Kuwait's international airport after a reported drone strike on April 1, 2026.

Analysis

Why Iran strikes on Kuwait pose dilemma for US Navy’s blockade

By striking Kuwait's main airport, the IRGC has attempted to flip the escalation script after US aircraft fired Hellfire missiles to disable commercial oil tankers accused of trying to outrun the US Navy’s blockade.

Jared Szuba

In Washington, DC, reporting on defense, national security, military

A photo of Karim Badawi, Minister of Petroleum and Mineral Resources, speaking at the high-level ministerial session of Baku Energy Week in the Azerbaijani capital.

Egypt, Turkey push energy ties in Azerbaijan talks amid Hormuz crisis

Egypt and Turkey are moving to deepen energy cooperation as Iran’s de facto blockade of the Strait of Hormuz disrupts Gulf energy flows, increasing the significance of Eastern Mediterranean energy infrastructure.

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025.

UAE eyes first multifuel pipeline as Hormuz crisis drags on

State-owned Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the Strait of Hormuz.

United Arab Emirates

People stand in front of the Arrow 3 shield system during an event of the German Air Force to declare the Initial Operating Capability for the Arrow Weapon System for Germany at the Annaburger Heide Air Base in Schoenewalde / Holzdorf, eastern Germany, on Dec. 3, 2025.

Record Israeli arms exports highlight global rush for air defense

Rocket and air defense systems sales accounted for 29% of Israel's defense exports in 2025.

An undated image of Israeli Prime Minister Benjamin Netanyahu and Roman Gofman

Meet Roman Gofman, outsider now leading Israel's Mossad

Roman Gofman’s rapid rise from Netanyahu aide to Mossad chief marks a break with tradition in Israel’s intelligence community, coming amid scrutiny over past security failures and internal opposition to his appointment.

Smoke rises following Israeli bombardment in southern Lebanon as seen from a position across the border in the Upper Galilee in northern Israel on May 31, 2026.

Trump says Hezbollah, Israel agree to stop fighting after call with Netanyahu

The US president announced the ceasefire after Iran's IRGC threatened a major attack on northern Israel and warned it could close the Bab al-Mandeb strait if Israel followed through on plans to strike Beirut.

The symbols of bitcoin and the stablecoin Tether (USDT) are displayed at a cryptocurrency store in Hong Kong on July 29, 2025.

Interview

Saudi Arabia eyes state-backed stablecoin amid digital finance push

Tokenization in Saudi Arabia has rapidly evolved from concept to early-stage execution since the early 2020s.

Smoke rises following an Israeli airstrike in Jarjoua, southern Lebanon, on May 13, 2026.

Lebanon and Israel hold military talks at Pentagon despite Israeli offensive: What to know

A renewed Israeli offensive in southern Lebanon aims to extract concessions from Beirut in US-brokered diplomatic talks, but Lebanese military officials say there is no path forward until Israel halts its attacks and returns to the April ceasefire.

Mario Tama/Getty Images

Container rates climb as logistic firms scale up Hormuz alternatives

The Drewry World Container Index measuring container shipping prices has soared by more than 40% since the start of the US-Israel-Iran war.

United Arab Emirates

PALM BEACH, FLORIDA - DECEMBER 29: (EDITOR'S NOTE: Alternate crop) U.S. President Donald Trump welcomes Israeli Prime Minister Benjamin Netanyahu to his Mar-a-Lago club on December 29, 2025 in Palm Beach, Florida. The two leaders are scheduled to hold a bilateral meeting to discuss regional security in the Middle East as well as the U.S.-Israel partnership. (Photo by Joe Raedle/Getty Images)

Exclusive

Trump 'hit the brakes': Netanyahu's circle faults US president for failed Iran regime change, looming deal

With regime in Iran still standing and a possible US-Iran agreement, Israeli Prime Minister Benjamin Netanyahu stands to pay the ultimate political price as elections near in Israel.

In Tel Aviv, reporting on national security, Israeli politics, defense

Iran's Parliament Speaker Mohammad Bagher Ghalibaf speaks during an election campaign rally ahead of the presidential vote in Tehran on June 15, 2024.

Explainer

From China to Qatar: Where Iran’s frozen assets are held

Tehran is reportedly demanding some $24 billion in frozen funds be unblocked as part of a peace deal with the United States.