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July 7, 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

U.N. envoy to Syria, Lakhdar Brahimi (R), is welcomed by Iraqi Foreign Minister Hoshyar Zebari after arriving at Baghdad International Airport October 21, 2013. International envoy for Syria Brahimi was in Baghdad on Monday to discuss dates for peace talks aimed at ending the war in Syria. Brahimi said no date had yet been set for the long-delayed conference. International efforts to end the 2-1/2 year conflict that has killed more than 100,000 people have stuttered. But a deal last month for Syria to get r

Syria’s Race Against Time

UN-Arab League Joint Representative Lakhdar Brahimi presses for Geneva II, while Saudi women are on the road again.

(L to R) Saudi ambassador to the U.S. Prince Turki Al-Faisal, Saudi Foreign Minister Prince Saud al-Faisal, U.S. President George W. Bush and U.S. Secretary of State Condoleezza Rice meet in the Oval Office of the White House in Washington July 23, 2006. REUTERS/Yuri Gripas (UNITED STATES) - RTR1FRMW

Saudi Prince Turki: 'High Level of Disappointment' With US Over Syria

In an interview with Al-Monitor, the former intelligence chief for Saudi Arabia says it's “up to the Iranians to show that their sweet and sensible talk is going to be translated into action.”

Lebanese Army soldiers patrol in front of a poster depicting Saudi Arabia's King Abdullah in the Sunni Muslim Bab al-Tebbaneh neighbourhood, in Tripoli, northern Lebanon October 23, 2012. Four people were killed and 15 wounded in overnight gun battles in the Lebanese city of Tripoli in a second night of fighting between Sunni and Alawite gunmen loyal to different sides in the war in neighbouring Syria, a military source said on Tuesday. REUTERS/Omar Ibrahim (LEBANON - Tags: POLITICS CIVIL UNREST MILITARY)

Saudi Decision on Security Council Is About Syria

Saudi Arabia’s decision to decline a Security Council seat expresses anger in some Sunni Muslim quarters about the Syria war.

Canada's Minister of Foreign Affairs John Baird (L) shakes hands with Saudi Arabia's Foreign Minister Saud bin Faisal bin Abdulaziz Al Saud before a meeting of the Group of Friends of the Syrian People during 68th United Nations General Assembly at the U.N. headquarters in New York, September 26, 2013. REUTERS/Carlo Allegri (UNITED STATES - Tags: POLITICS) - RTX1418C

Can Saudi Withdrawal From Security Council Spark Dialogue?

While unfortunate, the withdrawal of Saudi Arabia from the UN Security Council may focus attention on the lack of an Arab voice at the UN.

Saudi Women on the Road Again

Saudi women are, as Willie Nelson sings, “on the road again.”

A U.N. vehicle returns to a hotel where experts from the Organisation for the Prohibition of Chemical Weapons (OPCW) are staying, in Damascus October 11, 2013. The global chemical weapons watchdog charged with overseeing destruction of Syria's chemical weapons stockpile during a civil war won the 2013 Nobel Peace Prize on Friday. The Organisation for the Prohibition of Chemical Weapons (OPCW), a relatively small organisation with a modest budget, dispatched its experts after a sarin gas attack killed more t

Is Saudi Arabia Holding Up The Geneva II Conference on Syria?

While Turkey may be shifting its Syria policy in response to domestic and international pressure, Saudi Arabia appears to be digging in to oppose the trend toward a diplomatic solution.

A child vendor waits for tourists to sell them souvenirs at the Giza Pyramids, on the outskirts of Cairo August 26, 2013. REUTERS/Youssef Boudlal (EGYPT - Tags: SOCIETY TRAVEL) - RTX12XFC

Gulf Cash Gives Jolt of Life To Egypt's Economy

About $12 billion in aid and bank deposits are helping the Egyptian economy in the short term, but structural reforms are needed to sustain the economy in the long term.

Saudi businesswoman Zizi Badar (L) who runs a beauty company, talks to another woman in a rest room in Jeddah February 11, 2006. REUTERS/Zohra Bensemra IMAGES ARE NOT AVAILABLE FOR ANY USE IN SAUDI ARABIA. Please contact your sales person at http://reut.rs/xwa0Hm for more information - RTR1BRRG

Saudi Women’s Slow Drive to Reform

The attention given to the demands of Saudi women to drive may miss the bigger picture of reform in the kingdom.

Saudi Arabia's Finance Minister Ibrahim Alassaf (front, 2nd R) walks with Gulf Cooperation Council (GCC) Secretary-General Abdulatif al-Zayani (front R) to attend a meeting of Gulf Arab monetary and finance officials in Riyadh October 5, 2013. The central bank of Saudi Arabia, one of the world's top holders of U.S. government bonds, said on Saturday it was not worried by the political deadlock in Washington that could cause the United States to default on its debt. The U.S. Congress must agree on a measure

Saudi Arabia Deepens Its Isolation

The kingdom’s rejection of UN Security Council seat does not convey more proactive foreign policy.

Saudi Foreign Minister Saud al Faisal (L) talks with Qatar Foreign Minister Khalid Al Attiya following their meeting with U.S. Secretary of State John Kerry and members of the Arab Peace Initiative at the United States Embassy in Paris, September 8, 2013. REUTERS/Susan Walsh/Pool (FRANCE - Tags: POLITICS) - RTX13CWG

Saudi Arabia Shifts to More Activist Foreign Policy Doctrine

The kingdom should give priority to a regional initiative in Syria and a collective security framework for maintaining order in the Arab world.

A weapons dealer checks AK-47 rifles before selling it to smugglers transferring it to Syria, at his house near the city of Mosul, 390km (240 miles) north of Baghdad, February 16, 2012. The weapons dealers sell a rifle for about $1000. REUTERS/Stringer (IRAQ - Tags: CONFLICT) - RTR2XY8B

Smugglers Easily Cross Iraq’s Border

Despite the efforts of Iraq and the six countries bordering it, Iraq’s borders are easily navigated by professional smugglers.

Muslim pilgrims pray atop Mount Thor in the holy city of Mecca ahead of the annual haj pilgrimage October 11, 2013. Mount Thor marks the start of the journey of the Prophet Mohammad and his companion Abu Bakr Al-Sadeeq from Mecca to Medina. It houses Thor cave where Prophet Mohammed is believed to have hid from the people of Quraish before his Hijra (migration) to Medina. REUTERS/Ibraheem Abu Mustafa (SAUDI ARABIA - Tags: RELIGION) - RTX147ME

Sacred Meets Profane During Hajj

Politics and profit mix with spirituality during the annual pilgrimage to Mecca.