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Economy & Business

Indian vessel 'Nanda Devi' carrying liquefied petroleum gas (LPG) arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026 after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that remains disrupted by the Middle East war.

Iran’s Hormuz choke hold leaves West divided as energy markets reel

Between March 1 and March 19, there were only 114 crossings of the strait, according to analytics firm Kpler — 95% less than prewar traffic.

Excess gas is burned at the oil refinery in Israel's northern city of Haifa late on March 19, 2026.

Analysis

Iran expands energy targets beyond Gulf as Red Sea and East Med come into play

In retaliation for strikes on its energy sector, Tehran's campaign against regional oil and gas infrastructure has intensified and broadened to include Saudi Arabia's Yanbu port and an Israeli refinery in Haifa.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

US Treasury Secretary Scott Bessent arrives to attend an event in the East Room of the White House, Washington, DC, March 5, 2026.

US weighs easing Iran oil sanctions amid Hormuz crisis: What to know

A possible move by the Treasury would reduce pressure on Iranian crude as Washington seeks to offset supply losses tied to Iran's virtual closure of the strait.

A picture of Qatar Energy's operating facilities on March 3, 2026 in Ras Laffan Industrial City, Qatar.

Analysis

How Iran's strike on Qatar gas field could impact LNG market for years

Damage from an Iranian strike on the world's largest LNG export hub could take significant supply offline for years as Qatar considers whether to declare force majeure on long-term contracts supplying Europe and Asia.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

After 35% surge, how far could Gulf disruptions push European gas?

In this aerial view, Storage tanks at Grain LNG importation terminal, operated by National Grid Plc sit near the River Medway in the Thames Estuary on March 12, 2026, in Isle of Grain, England.

UAE steps in to support banks as war pressure builds: What to know

AFP via Getty Images

United Arab Emirates

Analysis

Iran war tests Gulf dealmaking as foreign investors assess risks

The city skyline is pictued in Dubai on March 11, 2026. The oil-rich Gulf has borne the brunt of Iran's attacks in response to US-Israeli strikes that sparked the Middle East war, with Tehran targeting US assets but also civilian infrastructure. (Photo by Giuseppe CACACE / AFP via Getty Images)

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

This picture taken on Nov. 17, 2019, shows the Hong Kong-flagged container ship CSCL STAR sailing through Egypt's Suez Canal.

Egypt-Chinese consortium to run terminals in Red Sea, Mediterranean ports

The Egyptian government signed new concessions with a Chinese alliance to build and operate two world-class container terminals in the ports of Sokhna and Dekhila, as part of a container logistics project to link the Red and Mediterranean seas.

A photo taken on March 14, 2022, shows the logos of Visa, Mastercard and Russian Mir payment systems on bank cards in Moscow.

Iran, Russia use own currencies for trade

Saudi Arabia and India have also signaled moving away from the US dollar.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal city of Caesarea on January 25, 2022. (Photo by JACK GUEZ / AFP) (Photo by JACK GUEZ/AFP via Getty Images)

Middle East is building a big lead in global hydrocarbon investments

Gerald Kepes

In Washington, DC, reporting on regional energy trends

Egypt economy

UAE more than doubles investment in Egypt

Egypt is seeking to sell state companies, which has attracted Gulf investors.

A picture taken on Nov. 18, 2020, shows an electronic billboard bearing portraits.

Saudi Central Bank approves fintech companies Lean Technologies, Mod5r

Saudi Arabia recently launched a fintech strategy with the goal of becoming a regional hub for financial technology.

A view of construction work ongoing at the business and finance district of the New Administrative Capital megaproject, some 45 kilometers east of Cairo, Egypt, Aug. 3, 2021.

Egypt’s foreign reserves drop 19% due to economic crisis caused by Russia-Ukraine war

Egypt’s public budget is facing a major deficit due to the increase in expenditures and national currency depreciation.

Chris McGrath/Getty Images

Tourism up 128% in Turkey with travelers from Germany, Russia

Turkey's foreign visitors are up despite concern that the Russian invasion of Ukraine would hurt its tourism industry this year.

US dollar banknotes and Turkish lira banknotes, photo taken in Istanbul, Turkey, Dec. 7, 2021.

Turkey’s 'covert' interest payments on course to exceed regular ones

The cost of state safeguards in a deposit scheme meant to curb dollarization in Turkey has ballooned to alarming levels as the Turkish lira continues to tumble.

A picture taken in the Saudi Red Sea coastal city of Jeddah on July 14, 2022 shows a Saudi host addressing guests

UAE non-oil trade increases as Gulf state seeks reduced oil dependence

The news follows trade agreements the Gulf state made with Israel and India.

United Arab Emirates

Central Bank of Egypt Gov. Tarek Amer speaks during a press conference, Cairo, Egypt, Nov. 3, 2016.

Egypt's Central Bank governor resigns amid economic crisis

The resignation of Egypt's central bank governor has put the country's economy under pressure.

ABBAS MOMANI/AFP via Getty Images

Israel raises interest rates

The Bank of Israel's latest hike to battle inflation was the biggest in 20 years.

ATTA KENARE/AFP via Getty Images

Iran-Pakistan ties tighten in economic commission

Iran has been seeking better ties with the South Asian country since the Taliban takeover in Afghanistan.