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July 6, 2026

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Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 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 reo

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28.

A man walks past the flags of the countries attending the Gulf Cooperation Council summit at Bayan palace in Kuwait City on Dec. 5, 2017.

Analysis

How Iran war shaped divergent paths to security among GCC states

The Iran war left the Gulf more fragmented than united, with competing security strategies replacing any prospect of a common regional defense.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

Syria launches gas project with Saudi firm in latest Gulf energy partnership

The project is the latest in a series of Gulf-backed investments aimed at rebuilding Syria's energy sector after the ouster of President Bashar al-Assad in December 2024.

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

Latest News

Explainer

Saudi FM concludes China visit amid Trump-MBS friction: What to know

China's Foreign Minister Wang Yi (R) shakes hands with Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023. The international community must take urgent action to stop the "humanitarian disaster" unfolding in Gaza, Chinese Foreign Minister Wang Yi told visiting diplomats from Arab and Muslim-majority nations on Novembe

Saudi Arabia's FM heads to China amid differences with US on Iran war

PEDRO PARDO/AFP via Getty Images

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

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

A woman reacts during a mass funeral for former Lebanese minister Mohamad Chatah, who was killed in a bomb blast on Friday, at Al-Amin mosque in Martyrs' Square, downtown Beirut, December 29, 2013. Chatah, who opposed Syrian President Bashar al-Assad, was killed in the attack which one of his political allies blamed on Lebanon's Shi'ite Hezbollah militia. REUTERS/Jamal Saidi (LEBANON - Tags: POLITICS CIVIL UNREST OBITUARY) - RTX16WB3

Chatah's assassination marks rise of extremism

In Lebanon, Syria and Iraq, the forces of moderation are being displaced by the forces of extremism.

Saudi Arabia's Gulf Union project includes military dimension

Saudi Arabia begins 2014 with an assertive plan for regional leadership.

Saudi Arabian women, seeking a job, stand in line to talk with recruiters during a job fair in Riyadh January 25, 2012. It is Women's Day at the first of a series of job fairs launched by the Saudi government this year to find employment for its citizens. In coming months the scheme aims to arrange interviews for 15,000 men and women out of 100,000 applicants, holding similar fairs in the cities of Jeddah and Dammam. Picture taken January 25, 2012. To match Mideast Money SAUDI-ECONOMY/REFORMS REUTERS/

Saudi Arabia’s commercial class looks to future

Jiddah’s thriving business environment represents one of several competing visions of the kingdom’s future.

Saudi Arabia moving ahead with Gulf union

Opposition from Oman will not deter Saudi King Abdullah bin Abdulaziz Al Saud from seeking strength in GCC unity.

Arab League-United Nations envoy Lakhdar Brahimi gestures while answering journalists' questions at the end of a news conference after a meeting on Syria at the United Nations European headquarters in Geneva December 20, 2013. REUTERS/Denis Balibouse (SWITZERLAND - Tags: POLITICS) - RTX16PPL

Iran, Saudi Arabia key to Syria peace conference

The Islamic Front snubs US Ambassador Robert Ford; Turkey rocked by scandal; reactions to the American Studies Association vote to boycott academic exchanges with Israel.

Twitter sheikhs of Saudi Arabia

From the “Dear Abby” sheikh to the more conservative, a wide range of Saudi clerics now have millions of Twitter followers.

An Iranian woman puts on make up as she waits for a concert by the Iranian singer Hamid Asgari at the Interior Ministry building in Tehran April 24, 2008. REUTERS/Morteza Nikoubazl (IRAN) - RTR1ZUV4

Cosmetics boom in Iran

Iranian woman use cosmetics at an increasing pace, increasing the demand even for counterfeit products.

Residents look for survivors at a damaged site after what activists said was an air strike from forces loyal to Syria's President Bashar al-Assad in Takeek Al-Bab area of Aleppo, December 15, 2013. REUTERS/Molhem Barakat (SYRIA - Tags: POLITICS CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY) - RTX16JRO

Rise of Islamic Front a disaster for Syria

The ascendance of the Islamic Front threatens a political transition in Syria; Lebanon paralyzed by Syria conflict; Farea al-Muslimi named FP Leading Global Thinker.

Free Syrian Army fighters walk with their weapons in the Umayyad mosque of Old Aleppo, December 15, 2013. REUTERS/Molhem Barakat (SYRIA - Tags: POLITICS CIVIL UNREST CONFLICT RELIGION) - RTX16JWX

US, Turkey to rethink Syria policies

For starters, the United States and Turkey need to change their approaches to the Syrian Kurdish Democratic Union Party.

Brunei's Sultan Hassanal Bolkiah (L), Saudi Arabia's King Abdullah (C) and Turkey's President Abdullah Gul (R) pose for the official photo before the opening ceremony of the Organisation of Islamic Conference (OIC) summit in Mecca August 14, 2012. REUTERS/Susan Baaghil (SAUDI ARABIA - Tags: POLITICS ROYALS) - RTR36ULN

Turkey, Saudi ties less than meet the eye

Despite a shared interest in supporting opposition groups against Syrian President Bashar al-Assad, Riyadh and Ankara are unlikely to become allies.

Hezbollah contemplates next move

Israel’s president extends a hand to Iran, putting the ball in Hezbollah and Tehran's court.

Lebanon's anti-Syrian Christian Leader Michel Aoun speaks during an interview with Reuters in his house near Beirut. Lebanon's anti-Syrian Christian Leader Michel Aoun speaks during an interview with Reuters in his house near Beirut May 11,2005. Former general Michel Aoun, a leading opponent of Syria influence, said on Wednesday he was willing to join forces with allies of Damascus,including Hizbollah, to contest elections starting this month. REUTERS/Jamal Saidi - RTRAU5B

Michel Aoun: Lebanon 'paralyzed' by Syria war

In an exclusive interview with Al-Monitor, Gen. Michel Aoun, leader of Lebanon’s Free Patriotic Movement, blames Saudi Arabia for the deadlock in Lebanese politics.