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Economy & Business

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.

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."

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

Latest News

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Explainer

What US sanctions on Syria remain as Shibani, Barrack hold talks?

RAMI AL SAYED/AFP via Getty Images

UAE billionaire Habtoor takes aim at Ben Gvir’s Gaza rhetoric

A picture take on Sept. 13, 2017, shows Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, attending the World Premiere of La Perle in Dubai.

United Arab Emirates

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

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

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

AFP via Getty Images

Analysts skeptical new Iran-US arrangement would significantly impact oil market

Tehran has been increasing its output over the last year despite the sanctions on its oil industry.

ISTANBUL, TURKEY - MAY 03: People shop at a local street market on May 03, 2023 in Istanbul, Turkey. Persistently high inflation has led to a cost-of-living crisis in Turkey that has hurt President Erdogan's popularity ahead of the March 14 presidential election. (Photo by Burak Kara/Getty Images)

Turkey raises taxes up to 20% on basic goods as deficit, inflation linger

The move follows changes to Turkey’s monetary policy and a new cabinet following President Recep Tayyip Erdogan’s reelection.

This picture taken from the sea of Dubai on March 3, 2021 shows the skyline of the Gulf emirate with Burj Khalifa in the centre.

UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip

Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, according to a UNCTAD report released Wednesday.

United Arab Emirates

Sultan Al Jaber

UAE COP28 president calls on oil firms to 'deliver climate action'

Sultan Ahmed Al Jaber gave a televised address to delegates at the OPEC International Seminar in Vienna, a meeting of oil executives and OPEC ministers.

United Arab Emirates

OPEC Secretary-General Haitham Al Ghais

OPEC on hunt for new members, secretary-general says

The oil cartel currently has 13 members, and 10 more countries form the OPEC+ group.

Justin Rose of England and his caddy look on, on the 9th hole during Day Four of the Saudi International.

Saudi Arabia to launch new sports investment group: report

The Financial Times report follows the merger between the Saudi-funded LIV Golf and the PGA Tour, but challenges remain as the kingdom eyes investment in golf, tennis and possibly American football.

JOE KLAMAR/AFP via Getty Images

At OPEC, Saudi Arabia defends oil cuts with Russia despite mild market reaction

The kingdom's energy minister called for more industry transparency, despite several news organizations being prohibited from reporting on the OPEC conference he was speaking at.

Sheikh Mohammed bin Radhid Al-Maktoum

UAE establishes investment ministry, forms EV and green policies

Sheikh Mohammed bin Rashid Al Maktoum, the UAE Prime Minister and Ruler of Dubai, chaired a high-level cabinet meeting in Abu Dhabi on Monday and formed the country's Ministry of Investment.

United Arab Emirates

Zach LaVine (#8) of the Chicago Bulls goes up for a layup against Daniel Gafford (#21) of the Washington Wizards.

Analysis

After Saudi golf merger, will Qatar’s entry into NBA change US sports?

The Qatari Investment Authority’s bid to purchase stakes in Washington’s professional basketball and hockey teams could boost Qatar’s image and influence in the United States and coincides with similar moves by Saudi Arabia.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

ISTANBUL, TURKEY - JUNE 23: People walk past a currency exchange shop on June 23, 2023 in Istanbul, Turkey. The Turkish Lira weakened to a record low of 25.74 against the dollar, a day after the central bank hiked interest rates from 8.5 percent to 15 percent in the first rate decision since the appointment of new central bank governor Hafize Gaye Erkan and the re-election of President Recep Tayyip Erdogan last month. (Photo by Chris McGrath/Getty Images)

Turkish lira outlook: Policy shift indicates progress, but bolder rate hikes needed for investor confidence

The recent rise in interest rates in Turkey could potentially signal a turning point for the Turkish lira.

Piero Cingari

A picture shows the Iranian South Pars quarter one (SPQ1) gas platform in the Gulf near Qatar's territorial waters on Jan. 26, 2011.

Kuwait rejects Iran's drilling plans in disputed gas field in Gulf

Kuwait and Saudi Arabia have a longstanding dispute with Iran over the Durra gas field. The recent disagreement follows improvement in Iran's relations with both countries.

Iraq's Foreign Minister Fuad Hussein (R) shakes hands with his Saudi counterpart, Faisal bin Farhan Al Saud, in Baghdad on Feb. 2, 2023.

Saudi Arabia, UAE invest $6 billion in Iraq operations

The United Arab Emirates and Saudi Arabia will join together to boost trade and commerce in Iraq.