Iran-Israel conflict

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Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

The deadly explosion marks an early test of Gulf efforts to revive oil and gas production following a historic energy supply shock caused by the US-Israel-Iran war.

Handout Photo by the US Navy via Getty Images

Explainer

What’s the status of Strait of Hormuz after US-Iran talks?

Oil tankers continued to transit the strait in both directions, but many turned off their transponders over the weekend after Iran's military declared Hormuz closed once again.

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.

Latest News

Analysis

How Netanyahu used Lebanon strikes to push back on Trump’s Iran deal

US President Donald Trump holds a press conference with Israeli Prime Minister Benjamin Netanyahu in Palm Beach, Florida, Dec. 29, 2025.

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

Interview

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

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

Axel Baroux

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

Analysis

Fears in Lebanon that US-Iran deal boosts Hezbollah without restraining Israel

Lebanese soldiers man a check point beside a Hezbollah flag at the entrance to Nabatieh on June 15, 2026.

Beatrice Farhat

By Beatrice Farhat

In Beirut, reporting on regional news, culture, conflict

Gulf investment to turn inward to rebuild postwar infrastructure: QNB

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

Analysis

Israel hopes for 3 'years of quiet’ under Trump even as Iran nuclear damage estimates vary

Conflicting US and Israeli assessments are casting doubt on whether Iran's nuclear sites were damaged or largely destroyed.

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

Reza Najafi, Iran's ambassador to the International Atomic Energy Agency.

Analysis

As parliament votes to suspend IAEA cooperation, can Iran afford to abandon NPT?

Following a fragile ceasefire, Iran-US nuclear negotiations could be back on the table — or as many fear, Iran could decide to exit the NPT.

By Rosaleen Carroll

In Washington, DC, US, reporting on the Middle East

Turkish President Recep Tayyip Erdogan and US President Donald Trump met in Hague, Netherlands on the sidelines of NATO’s leaders summit, June 25 2025.

Trump, Erdogan hold first meeting at NATO as ties warm: What to know

The first meeting between the two leaders since Trump's return to office focused on the Iran-Israel ceasefire, the Ukraine war and bilateral ties.

US President Donald Trump arrives for a social dinner at the 'Huis ten Bosch' Royal Palace during a North Atlantic Treaty Organization (NATO) Heads of State and Government summit in The Hague, on June 24, 2025. NATO leaders hold a two-day summit on June 24 and 25 in The Hague. (Photo by JOHN THYS / AFP) (Photo by JOHN THYS/AFP via Getty Images)

Analysis

Trump’s Iran gambit leaves door open for nuclear talks

With a ceasefire in place, can the United States and Iran finally come to terms on the Iranian nuclear program?

Elizabeth Hagedorn

By Elizabeth Hagedorn

In Washington, DC, reporting on diplomacy, regional politics, human rights

An Iranian man holds a portrait of supreme leader Ayatollah Ali Khamenei as people celebrate a ceasefire between Iran and Israel at Enghlab Square in the capital Tehran on June 24, 2025.

Analysis

Iran celebrates 'victory' over Israel, but what comes next for regime?

Though claiming triumph over Israel, Iran is emerging from a war that has left its nuclear program damaged, its air defenses exposed and its leadership facing deep uncertainties about the future of its decades-long hostilities against Israel.

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

Iraqi Air Force helicopters perform during Army Day celebrations, marking the 104th anniversary of the founding of the Iraqi army, at the Camp Taji military base north Baghdad, on January 6, 2025. The Iraqi armed forces were established by the United Kingdom during their mandate over Iraq after World War I. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

Iraq orders investigation after attacks on Taji, Imam Ali bases: What to know

The attacks were carried out with "several small suicide drones" and began hours after Iran targeted a US military base in Qatar.

AFP via Getty Images

Turkey's Fidan holds call with China FM as Iran-Israel ceasefire reached

The two top diplomats also discussed bilateral ties as well as the situation in Gaza.

YASSER AL-ZAYYAT/AFP via Getty Images

Global airlines suspend Middle East flights as Iran-Israel truce frays

Dozens of carriers have had to cancel or reroute flights as the conflict in the Middle East continues to escalate.

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

Smoke rises as Israel targets the notorious Evin Prison in north of Tehran, Iran, on June 23, 2025.

Iran empties Evin prison, reports fatalities after Israeli strike

Iran says it relocated inmates after the strike, while Trump blames both sides for breaking the truce.

US President Donald Trump speaks to the press before boarding Marine One from the South Lawn of the White House in Washington, DC on June 24, 2025, to attend the NATO's Heads of State and Government summit in The Hague. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Trump 'not happy' with Israel, Iran as ceasefire violated

Following an angry reaction from Trump, Israel scaled back planned strikes in Iran in retaliation for what it said were Iranian missile launches after a ceasefire began last night.

In this frame grab taken from a video, missiles and air-defense interceptors illuminate the night sky over Doha after Iran launched an attack on US forces at Al Udeid Air Base on June 23, 2025, in Doha, Qatar.

Trump announces Iran-Israel ceasefire as IRGC targets Qatar's Al-Udeid

The US president announced a ceasefire between Iran and Israe would start Tuesday 6:02 p.m. EST (1:02 a.m. Tel Aviv; 1:32 a.m. Tehran Wednesday) after 11 days of fighting.

Members of the Petroleum Oils and Lubricants squadron at the 379th Air Expeditionary Wing take a break from replacing a 50,000-gallon fuel bladder in support of Operation Enduring Freedom, on Dec. 30, 2002, in Al Udeid, Qatar.

No initial US casualties in Iran’s strike on US base in Qatar: Pentagon

Limited Iranian retaliation at the partially evacuated air base could leave off-ramp for political leaders on both sides.