Iran-Israel

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.

A man counts Saudi riyal banknotes in the capital, Riyadh, Oct. 3, 2016.

Analysis

How Gulf banks are absorbing Iran war shocks

GCC lenders had a strong hand when the Iran war erupted, affording them resilience to shocks, but risks remain.

In Bristol, reporting on regional business, climate change, AI, tech

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.

Latest News

Oil tops $90 as Iran warns Hormuz 'will not be safe'

Amir Hossein KHORGOOEI / ISNA / AFP via Getty Images

Chevron, ConocoPhillips advance Iraq's Hormuz alternatives

Hussein FALEH / AFP via Getty Images

Vance says Israeli intelligence had ties to Epstein: What to know

US Vice President JD Vance speaks at the Wisconsin Air National Guard facility at Milwaukee Mitchell International Airport on July 8, 2026, in Milwaukee, Wisconsin.

Israeli PM Netanyahu 'will not travel' to US next week, his office says

Israel's Prime Minister Benjamin Netanyahu attends a cornerstone laying ceremony for the Atarot Heritage Center at an abandon airport in East Jerusalem near the separation wall with the Israeli occupied West Bank city of Ramallah on July 5, 2026.

Cars drive past billboards showing Iran's new Supreme Leader Ayatollah Mojtaba Khamenei (L) and his late father Ali Khamenei (R), with the slogan "Thank you, loyal Iran," erected along the highway leading to Rafik Hariri International Airport, Beirut, Lebanon, June 22, 2026.

US, Iran to form 'deconflicting cell' on Lebanon, sidelining Lebanese state

The agreement came during talks between Iran and the United States following a preliminary deal reached last week to end the war across the Middle East, including in Lebanon.

MUSCAT, OMAN - JUNE 21: Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 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 reopening is unclear amid continued fighting in Lebano

Oil falls more than 3% after Iran, US signal progress in talks

International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.

French Trade & Invest Commissioner for United Arab Emirates and Middle East and Business France's regional director for the Middle East Axel Baroux. — Business France

Interview

Franco-Gulf investment holds firm despite Iran war, French official says

French investors are reallocating capital toward strategic sectors such as artificial intelligence and technology rather than pulling out of the region altogether.

Axel Baroux

France’s trade and investment commissioner for the UAE and Middle East

A picture taken on June 5, 2017, shows a man walking past the Qatar National Bank branch in the Saudi capital Riyadh.

Gulf investment to turn inward to rebuild postwar infrastructure: QNB

Charles-Emmanuel de Beauregard, Qatar National Bank’s head of corporate and institutional banking, said that the Gulf countries will need to rebuild their logistics capabilities after the closure of the Strait of Hormuz.

Veiled women in black Chadors wave Iran and Hezbollah flags during commemoration at the Iranian embassy in Beirut, Lebanon, on April 22, 2026.

Gulf cautiously welcomes US-Iran deal as Hezbollah congratulates Tehran

Arab and regional countries welcomed the deal to end the war between Iran and the United States.

Kazuhiro NOGI / AFP via Getty Images

Oil falls below $80 as markets rally on Iran-US peace deal: What to know

Brent crude futures, the international benchmark for oil prices, fell around 3.15% to $79.99 as of 6:55 a.m. EDT on Monday.

Aluminum from Dubai sits in the BMW Landshut factory on Oct. 25, 2024 in Ergolding, Germany.

Analysis

Gulf aluminum pursues global deals as Hormuz crisis accelerates shift

Gulf aluminum exporters are targeting global deals amid fallout from the US-Israel-Iran war, which has pushed prices to multiyear highs in early June.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Punit PARANJPE / AFP via Getty Images

US strikes on Indian-crewed tankers spark tensions with New Delhi

India summoned the US deputy chief of mission in Delhi on Friday to protest American strikes on commercial vessels off the coast of Oman.

US President Donald Trump talks with Israeli Prime Minister Benjamin Netanyahu in the Knesset, Jerusalem, Oct. 13, 2025.

Analysis

'A complete disaster': Israel scrambles for clarity as Trump touts emerging Iran deal

Prime Minister Benjamin Netanyahu relayed Israel’s red lines to Trump, but given the current rift between the two leaders, the demands may be little more than a wish list.

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

TOPSHOT - People cross the street past a large billboard showing portraits of Iran's late supreme leader, Ayatollah Ruhollah Khomeini (L) and slain supreme leader Ayatollah Ali Khamenei (R) in central Tehran on June 8, 2026. Iran said on June 8 that the resumption of hostilities in the Middle East war will have consequences for ongoing talks with the United States to reach peace in the region. "It is perfectly natural that the diplomatic process initiated to put an end to this imposed war would be affected,

Iran-US draft deal would release $24B in funds, ensure Lebanon ceasefire: Iranian media

The draft circulating in Iranian state media, which Trump denied on Friday, would grant Tehran sanctions relief and access to billions in frozen funds while limiting final talks to nuclear issues and excluding its missile program and proxies.

Chip Somodevilla/Getty Images

Bessent says Iran's frozen assets will pay for Gulf damage, Hormuz tolls

US Treasury Secretary Scott Bessent said that any damage Iran inflicts on Gulf allies will be paid for with funds extracted from Iranian accounts.

Scott Olson/Getty Images

Explainer

US strategic oil stockpile nears four-decade low as Iran war drags on

The US Strategic Petroleum Reserve fell to 349.2 million barrels amid the global energy shock caused by the war in Iran.