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Economy & Business

Cars drive past the gates of King Khalid International Airport in Riyadh on Sept. 19, 2026.

Riyadh’s skies remain unsettled after deadly Houthi strikes

Saudi authorities confirmed Friday that Thursday’s first attack struck airport facilities and the second hit a Saudia aircraft.

Travelers queue to check in their luggage at the terminal at King Khalid International Airport in Riyadh, on March 10, 2026.

Riyadh airport issues travel alert as Yemen's Houthis claim fresh attack on Saudi Arabia

Hundreds of flights to and from the Saudi capital were canceled or delayed on Thursday, with passengers being urged to check with airlines before heading to the airport.

A man walks past a closed foreign exchange office in Baghdad on October 7, 2026. Iraq's central bank devalued the dinar currency against the dollar on October 7, with the country facing a deepening crisis brought on by the Middle East war. (Photo by AHMAD AL-RUBAYE / AFP via Getty Images)

Iraq devalues dinar 13% as Hormuz disruption hits oil revenue

The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320.

U.S. Secretary of State Marco Rubio speaks at the Pnyx hill, where ancient Athenians held democratic assemblies, with the ancient Parthenon temple atop the Acropolis seen in the background, in Athens on October 7, 2026. (Photo by Mark Schiefelbein / POOL / AFP via Getty Images)

Explainer

Rubio says Iran ‘lost’ Hormuz. Has it?

US Secretary of State Marco Rubio said Wednesday that Iran has “lost complete control” of the waterway, pointing to the recovery in Gulf oil exports in September.

Latest News

Flights continue in Saudi Arabia despite Houthi attacks, airspace threats

Travelers consult the departures screens at the terminal at King Khalid International Airport in Riyadh, on March 10, 2026.

UAE-Syria move ahead on $20 billion real estate mega-developments

A view of a traffic roundabout in central Latakia, Syria on June 12, 2025. The city's road network converges near the coast, forming one of the busiest urban intersections in the province. (Photo by Omar Albaw / Middle East Images via AFP) (Photo by OMAR ALBAW/Middle East Images/AFP via Getty Images)

Mideast oil exports surpass prewar levels despite pipeline, ship attacks

Vessels transit the Hormuz Strait off the coast of Iran's southern port city of Bandar Abbas on Sept. 7, 2026.

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

Analysis

Gulf oil exports are back, but how durable is recovery?

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Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

Neom

France's EDF reportedly dropped from Saudi Neom project: What to know

EDF was appointed by the Saudi government in January 2024 to carry out preliminary studies on the conception and construction of a hydroelectric power plant in Neom.

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

Portraits of Iranian military generals and nuclear scientists, killed in Israel's June 13 attack are displayed above a road, as a plume of heavy smoke and fire rise from an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025.

Analysis

Israel-Iran war fuels risks for Mideast economies, energy flows after US strikes

The global economic fallout from the Israel-Iran clash has been limited but US strikes are adding to the risk.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

An Airbus A380 passenger aircraft of Emirates airlines to Dubai prepares to take off at JFK International Airport, New York, Feb. 7, 2024.

More airlines nix flights, shippers express caution after US strikes Iran

A handful of carriers canceled more flights to key Middle Eastern transit hubs like Dubai and Doha on Monday.

A plume of heavy smoke and fire rise over an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025.

Oil prices stabilize after Trump hints at diplomatic off-ramp with Iran

European diplomats are pushing for eleventh-hour diplomacy with Iranian counterparts in Geneva on Friday, in a bid to reach a nuclear deal.

A view of the Dubai skyline, May 12, 2025.

Analysis

Gulf growth forecast bright but Israel-Iran war threatens to derail outlook

The World Bank had predicted economic growth among Gulf Cooperation Council states to increase in 2025 and 2026, but experts are skeptical due to the regional conflict.

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

ROMAIN COSTASECA/Hans Lucas/AFP via Getty Images

Crypto looted, TV hijacked: Iran grapples with wave of cyberstrikes

Iranian authorities had their work cut out for them on Wednesday, addressing at least three different cyberattacks linked to Israel.

In this handout photo provided by the US Navy, the aircraft carrier USS Abraham Lincoln transits the Strait of Hormuz as an MH-60S Sea Hawk helicopter from the Nightdippers of Helicopter Sea Combat Squadron 5 lifts off from the flight deck, Nov. 19, 2019.

First ships pull back from Hormuz as Israel-Iran war drags on: What to know

Missile fire between the Middle East’s two biggest foes continued into its fifth day on Tuesday, with more than 220 people killed in Iran and more than 20 in Israel.

Smoke billows from a site that was hit by an Iranian missile strike in the city of Haifa early on June 16, 2025.

Gas prices surge, oil stabilizes as Israel-Iran conflict hits energy infrastructure

Israel hit several energy facilities in Iran over the weekend while Iranian missiles struck an oil refinery in Haifa.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022.

Israel closes Leviathan gas field after strikes on Iran, cutting supply to Egypt

The shutdown comes after Israel launched a series of air strikes on Iranian military and nuclear sites as well as key nuclear scientists and officials.

Iranian soldiers take part in the "National Persian Gulf day" in the Strait of Hormuz, on April 30, 2019. The date coincides with the anniversary of a successful military campaign by Shah Abbas the Great of Persia in the 17th century, which drove the Portuguese navy out of the Hormuz Island, after which is named the waterway which separates the Gulf from the Sea of Oman. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Global shippers sound alarm over Strait of Hormuz amid Iran-US-Israel tensions

The critical waterway, which connects the Gulf, Gulf of Oman and the Arabian Sea, sees about a quarter of the world's oil shipments pass through it.

Cryptocurrency giant Binance opens trading access to Syria: What to know

Binance’s announcement comes after the United States and the European Union lifted most economic sanctions on Syria last month.