Economy and trade

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Brent crude sails past $100 as Middle East war intensifies

The Iran war escalated this week as Yemen’s Iran-backed Houthi rebels attacked four southern Saudi Arabian cities and oil facilities.

West Bank settlements

12 countries including France, UK, Canada end trade with West Bank settlements

The decision comes against the backdrop of an escalation in settler violence and settlement expansion in the occupied West Bank.

The former chief of Iran's Islamic Revolutionary Guard Corps, Mohsen Rezaei, takes part in a demonstration against American "crimes" following the killing of IRGC Maj. Gen. Qasem Soleimani in a US strike on his convoy at Baghdad international airport, Tehran, Iran, Jan. 3, 2020.

Iran to announce new Gulf restricted zone, Hormuz route: What we know

Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said the restricted zone would begin at the point where the US blockade of Iranian ports starts and extend into the Gulf.

Vehicles drive beneath a large screen displaying portraits of Egypt's President Abdel Fattah al-Sisi (R) and his Chinese counterpart, Xi Jinping, in Cairo on Aug. 31, 2026.

Xi makes first Egypt visit in decade as Cairo gets caught in US-China AI row

China's Huawei last month submitted a bid to build advanced AI data centers and supply more than 2,000 AI chips for Egyptian government systems.

Latest News

UAE investment fuels Syria's postwar economic recovery with $7B property deal

Ongoing construction work is pictured at a site in Marota City, a new mixed-use development project near the Umayyad Square in Damascus on July 22, 2026. Syria's new leaders, who inherited a dilapidated economy, are trying to attract capital without waiting for the full lifting of international sanctions. (Photo by LOUAI BESHARA / AFP via Getty Images)

Israel, Greece sign $3.5 billion air-defense deal: What to know

Mecca Alliance

Lebanon, UAE ink deals, deepen economic ties on Emirati Beirut visit

UAE Foreign Trade Minister Thani bin Ahmed Al Zeyoudi (L) and Lebanese Economy Minister Amr al-Bisat after signing a memorandum of understanding, Beirut, Aug. 27, 2026.

China's Xi to visit Egypt for first time in decade as military, Huawei ties grow

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BAY ISMOYO / AFP via Getty Images

China warns US not to interfere with Iran trade: What to know

China's Foreign Ministry said Beijing was firmly opposed to what it called “illegal unilateral sanctions” and would take “all necessary measures” to safeguard its rights.

Lebanese Presidency

Large UAE delegation set to arrive in Lebanon in major investment push

A large Emirati delegation of around 70 business leaders and government officials is heading to Beirut, in the latest sign of thaw between the United Arab Emirates and Lebanon.

France's President Emmanuel Macron and Saudi Arabia's Crown Prince Mohammed bin Salman shake hands

France, Saudi Arabia announce more than $10B in deals on MBS visit

Among the deals included a 6 billion euro ($7 billion) pledge from the Public Investment Fund in three manga-themed amusement parks on the outskirts of Paris.

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

China slams Trump over economic war on Iran: What to know

China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions.

King Abdullah II arrives in Beijing, Aug. 20, 2026. Photo from Xinhua/Chen Yehua.

Explainer

King Abdullah visits China as region hedges against US unpredictability

With no end in sight to the war in Iran and an unchecked Israeli policy across the region, the kingdom is hedging against future uncertainty and a less predictable US policy.

Iranians drive past an anti-US billboard at Enghelab Square in central Tehran, Aug. 3, 2026.

Trump’s Iran ‘economic D-Day’ threat sends oil prices above $94

In a Truth Social post, the president threatened that any country that provides a financial lifeline to Iran will face "tremendous economic consequences."

Chinese President Xi Jinping (R) shakes hands with King of Jordan Abdullah II during a signing ceremony at The Great Hall Of The People on Sept. 9, 2015, in Beijing, China.

Jordan's King Abdullah heads to China in first visit since 2015: What to know

Ahead of the visit, King Abdullah said that Jordan hopes to expand cooperation with China in green energy, tourism and aviation.

The Al-Riqqa oil tanker (L) and Al-Yarmouk oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Kuwait's LNG imports climb to highest level since start of Iran war

The country's domestic gas production has fallen drastically since the beginning of the US-Israel-Iran war in February.

Building construction at the Red Sea in Egypt.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war.

US President Donald Trump (R) meets with Jordanian King Abdullah II in the Oval Office of the White House, Washington, DC, Feb. 11, 2025.

Analysis

Jordan shores up US lifelines as Iran targets Amman’s reliance on Washington

Already a leading recipient of US aid, Jordan has secured fresh funds from the United States as the Iran war tests Amman and Washington's partnerships.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Michael M. Santiago/Getty Images

US stock markets soar to new records amid Hormuz deal hopes

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average are on track for their best five-day performance since April 2025.

Iranian Foreign Minister Abbas Araghchi (L), Iranian parliament speaker Mohammad Bagher Ghalibaf (2nd L) and Omani Foreign Minister Badr bin Hamad Al Busaidi (R) attend a meeting in Muscat, Oman, on June 22, 2026.

Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

The new framework would give Iran a greater role in managing one of the world’s most strategically important maritime choke points.