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Economy & Business

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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.

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.

Turkey looks to expand Syria energy footprint into oil, gas

Turkish Energy Minister Alparslan Bayraktar said state oil giant TPAO and private companies are ready to explore for oil and gas onshore and offshore in Syria.

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

Brent crude climbed near $92 a barrel on Tuesday, reaching its highest level this month amid new escalatory developments.

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Latest News

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.

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Iran says understanding reached with Oman over new Hormuz route map

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

Analysis

Beyond bases: Russia’s foothold in Syria shrinks even as ties endure

Russian President Vladimir Putin greets Syrian President Ahmed al-Sharaa at the Grand Kremlin Palace, Moscow, Oct. 15, 2025.

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

University student wave Turkish national flags as they gather in protest in Besiktas district in Istanbul on March 20, 2025 following Istanbul metropolitan Mayor Ekrem Imamoglu's detention over a corruption probe.

Analysis

Turkey’s shaky economy early casualty of Imamoglu’s arrest on terror charges

The arrest of Istanbul Mayor Ekrem Imamoglu on dubious terror charges has rattled investor confidence, sending the lira plunging, triggering market turmoil and raising fears of prolonged political instability.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

SUEZ, EGYPT - NOVEMBER 3: A ship transits the Suez Canal towards the Red Sea on November 3, 2024 in Suez, Egypt. The shipping giant A.P. Moller-Maersk recently said it did not expect to resume sailing through the Suez Canal until 2025 due to the continued threat of attacks in the Red Sea. The Iran-aligned Houthi movement in Yemen has launched regular attacks on vessels off its coast since late 2023, disrupting a vital shipping route in east-west trade. A report this summer indicated that Suez Canal traffic

Maersk raises rates as Red Sea crisis costs Egypt $800M per month

Yemen’s Houthi rebels have resumed attacks on ships in the Red Sea and the United States is escalating its military campaign against the Iran-backed group.

AHMAD GHARABLI/AFP via Getty Images

Ben & Jerry’s says CEO ousted by Unilever over activism: What to know

In an ongoing legal battle, the ice cream maker and its parent company, Unilever, have locked horns over Ben & Jerry’s social activism and particularly its advocacy for Palestinians during the Gaza war.

Sheikh tahnoon

UAE seals cloud deal with Microsoft, Core42 as Sheikh Tahnoon visits US

The deal follows Microsoft's $1.5 billion investment last year in G42 to accelerate AI development.

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In this handout image provided by the UK Ministry of Defence, a Royal Air Force Typhoon FRG4s is being prepared to conduct further strikes against Houthi military targets in Yemen at RAF Akrotiri on Feb. 3, 2024 in Akrotiri, Cyprus.

US strikes on Yemen's Houthis, China stimulus drive surge in oil prices

Brent crude was up 1.3% to $71.53 a barrel on Monday morning compared to close on Sunday.

KARIM SAHIB/AFP via Getty Images

UAE’s Sheikh Tahnoon makes first US visit since Trump reelection: What to know

The UAE's influential national security advisor, who chairs some of the country's most important funds and firms, will reportedly meet with White House officials and business leaders including Elon Musk and Jeff Bezos.

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NYSE

Analysis

US stock plunge poses dilemmas for Gulf investors while exposing PIF, Mubadala risks

Middle East investors are bracing for steep losses and questioning about their long-term investments in America amid a drop in the US stock market.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Participants arrive to attend the annual Future Investment Initiative (FII) conference in Riyadh on Oct. 29, 2024.

UAE, Egypt, Saudi Arabia finance startups lead Forbes Middle East Fintech50

Some 119 fintech startups across the Middle East and North Africa raised $700 million in 2024, accounting for 30% of the total MENA startup funding for last year.

Aerial view of shipyard dry dock maintenance and repair cargo ship transport and oil ships in Istanbul.

Turkey wants to export gas to Syria, Ukraine, energy minister says

In 2020, Turkey discovered the a massive gas field in Turkish waters of the Black Sea that would help it meet domestic needs and export the energy.

An oil refinery in the northern town of Ras Lanuf is seen in this photo, Libya, June 3, 2020.

Libya now politically stable, 'attractive' to foreign oil firms: NOC chairman

Since the ousting of longtime dictator Moammar Gadhafi in 2011, Libya’s oil sector has been unstable amid political unrest between two warring factions in the east and the west of the country.

Digital generated image of abstract AI chat icons over digital surface.

AL-Monitor FutureVerse: AI superpowers clash

An exclusive sneak peek of an interview with a top Saudi tech diplomat who is helping shape the future of AI collaboration among emerging economies.

Sultan Ahmed Al Jaber, President of COP28, speaks during the opening ceremony of the UNFCCC COP29 Climate Conference on Nov. 11, 2024 in Baku, Azerbaijan.

UAE’s XRG to make big investment in US energy, ADNOC chief says

Sultan Ahmed Al Jaber said his new low-carbon energy company wants to become a one-stop shop for gas in the United States.

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