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In this picture obtained from Iran's ISNA news agency on May 4, 2026, the Iran-flagged tugboat Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran.

What to know about Iran's 'Persian Gulf Strait Authority' to control Hormuz traffic

The establishment of an entity seeking to control maritime transportation in the Strait of Hormuz is the latest sign that Iran wants to formalize authority in the strategic waterway.

Egyptian Prime Minister Mostafa Madbouly speaks in Beirut on Dec. 19, 2025.

Egypt ramps up energy investments amid war-driven price pressures

Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years.

Tankers are seen at the Khor Fakkan Container Terminal in the Sharjah Emirate, along the Strait of Hormuz on June 23, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Few ships pass Hormuz despite US efforts to break Iran's hold

Only four commercial vessels had transited the strait in the 24 hours before Tuesday morning, according to ship-tracking data.

Latest News

Iran strikes UAE’s Fujairah oil hub as US pushes Hormuz reopening

Meysam MIRZADEH / TASNIM NEWS / AFP via Getty Images

United Arab Emirates

Analysis

MENA wheat importers face food security risks as Hormuz crisis festers

Crops of wheat and barley in Terbol village on May 10, 2022, in Bekaa Valley, Lebanon.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Oman enters Gulf AI race with new special economic zone in Muscat

Haitham AL-SHUKAIRI / AFP via Getty Images

Oil surges past $120 to war-time high as Trump rejects Iran overture

A pumpjack stands idle in the Huntington Beach oil field, with port cranes visible in the distance, on April 23, 2026, in Huntington Beach, California.

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

Justin Setterfield/Getty Images

Interview

Saudi foreign ownership property law won't overheat market, says Dar Global CEO

Saudi Crown Prince Mohammed bin Salman has frozen rent in Riyadh for five years to contain soaring prices.

Ziad El Chaar

CEO of Dar Global

HECTOR RETAMAL/AFP via Getty Images

Middle East commercial aircraft fleet will double in 20 years, Airbus says

The European planemaker predicted the Middle East will be one of the world’s fastest-growing aviation regions with 4,080 new passenger aircraft deliveries in the next 20 years.

United Arab Emirates

ABDEL MAJID BZIOUAT/AFP via Getty Images

Analysis

Morocco's UN-backed Western Sahara plan offers investors some reassurance

Last week, the UN Security Council voted in favor of a resolution backing Rabat’s plan for Western Sahara, describing autonomy under Moroccan sovereignty as the “most feasible solution” to the 50-year disagreement over the disputed territory.

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

Minister of Industry, Mine, and Trade Seyed Mohammad Atabak departed Tehran for Tashkent.

Iran, Uzbekistan eye $5B in trade, mining investment: What to know

Iranian Minister of Industry, Mining and Trade Seyed Mohammad Atabak made deals with his counterparts in Uzbekistan in Tashkent this week.

An Israeli El Al Airlines Boeing 787-9 Dreamliner aircraft bound for Los Angeles takes off from Israel's central Ben Gurion Airport on June 25, 2025.

Israel's El Al posts record $203M Q3 profit as foreign airlines trickle back

Many international airlines have now resumed flights to Israel following a truce to end the Gaza war.

KHALED DESOUKI/AFP via Getty Images

Egypt's foreign reserves exceed $50B mark for first time: What to know

The stronger reserve position signals that Egypt has largely emerged from its worst economic crunch in decades.

France's President Emmanuel Macron and Syria's President Ahmed al-Sharaa look on during a bilateral meeting within the framework of the COP30 UN climate conference in Belem, Brazil, Nov. 6, 2025.

Syria attends Brazil’s COP30 as most Middle East leaders skip talks

Two years after the UAE and Egypt hosted back-to-back climate conferences, global headwinds are threatening climate action as talks begin in Belem amid notable absences.

United Arab Emirates

DAMASCUS, SYRIA - JULY 16: Members of Syria's civil defense work amid the aftermath of an Israeli airstrike on Syria's defence ministry headquarters on July 16, 2025 in Damascus, Syria. A spokesperson from the Israeli Defense Forces (IDF) confirmed Wednesday that Israeli airstrikes have targeted the headquarters of Syria's defence ministry and a site near the presidential palace in Damascus. The strikes come amid an escalation in conflict between Syrian government forces and Druze militia in the southern Sy

Analysis

Sharaa in Washington: Can US charm offensive boost Syria’s reconstruction?

The trip signals strong support for the new Syrian government, as President Sharaa seeks the breakthroughs needed to end economic isolation and speed up reconstruction, while US sanctions continue to paralyze investment.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

This picture taken on July 10, 2022, shows a view of the thermal natural gas and fuel oil power plant serving Syria's northern city of Aleppo.

Syria advances Qatar-backed $7B power project amid soaring electricity prices

According to the state-run Syrian Arab News Agency, the plants will use a combination of natural gas and solar energy.

People sit listening as the Chairman and CEO of TotalEnergies Patrick Pouyanne speaks during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, on Nov. 3, 2025.

Egypt courts investors, signs new gas deals at Abu Dhabi ADIPEC summit

Minister Karim Badawi met with executives from companies including Abu Dhabi sovereign wealth fund Mubadala, UAE state energy holding company TAQA, US conglomerate Halliburton and British Petroleum.

Former Director General of Lafarge Bruno Lafont (C) and French lawyer Jacqueline Laffont arrive on the opening day of the trial.

French cement giant Lafarge on trial for ‘funding terrorism’ in Syria: What to know

The French company is accused of funneling millions of dollars via its subsidiary Lafarge Cement Syria to jihadi groups and intermediaries to keep its cement plant operating in northern Syria.

AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on Jan. 8, 2024.

Malaysia's AirAsia bets Bahrain can fuel Mideast growth, challenging Gulf hubs

The Malaysian carrier signed a preliminary pact with Bahrain to explore establishing the kingdom as its Middle East hub, with plans for dozens of daily flights by 2030.