Economy and trade

Syrian President Ahmed al-Sharaa (L) welcomes France's President Emmanuel Macron for a joint press conference in Damascus on July 7, 2026.

Explainer

How Macron seeks to carve out France's role in new Syria

French President Emmanuel Macron became the first Western leader to visit Syria since the fall of the Assad regime, showcasing Paris' support for Syrian President Ahmed al-Sharaa while seeking to secure a share of the country's emerging reconstruction market.

Igor IVANKO / AFP via Getty Images

How Iran war could impact oil markets in 2027

The International Energy Agency forecasts global oil supply will exceed demand by 4.62 million barrels per day in 2027.

Majid Saeedi/Getty Images

Why US strikes on Iran rail bridge signal shift in Hormuz conflict

A US missile strike on the railway bridge linking Iran to Central and East Asia suggests the White House is once again flirting with politically coercive tactics after the June agreement failed to halt Iran's attacks on Hormuz shipping.

Syrian President Ahmed al-Sharaa (R) shakes hands with France's President Emmanuel Macron following a joint press conference in Damascus on July 7, 2026.

Explainer

French energy, shipping giants explore Syria deals during Macron visit

The two countries signed preliminary pacts spanning transport, healthcare, banking, infrastructure and development on Tuesday, even as twin explosions in the capital underscored the fragile investment environment.

Latest News

Analysis

How Syria’s wheat fields turned into first battleground over reconstruction

Farmers roast harvested wheat using fire in a field on the outskirts of Aleppo, Syria, on May 18, 2026.

Haddon Barth

By Haddon Barth

Analysis

Can a UAE-backed Syria-Iraq corridor become Gulf's next trade route?

An aerial view shows port of the western Syrian port city of Latakia, on Dec. 18, 2024.

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

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

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

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

Omar Albaw / Middle East Images / AFP via Getty Images

French President Emmanuel Macron (L) and Oman's Sultan Haitham bin Tarik pose during a meeting with business leaders in Paris on June 29, 2026.

Oman's sultan meets Macron in first France visit since 1989: What to know

French President Emmanuel Macron has been pushing against any form of toll for the Strait of Hormuz.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Analysis

Why the Hormuz oil shock never became an energy catastrophe

The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Elke Scholiers/Getty Images

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.

A picture shows the four seasons hotel in Beirut with the snow covered mountain of Sannine in the background on March 8, 2019.

Explainer

Lebanon advances controversial $500K golden visa law: What to know

While its supporters say the scheme would help Lebanon's economy recover, critics say it could offer a channel for corruption.

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.

A worker counts banknotes after filling up the tank of a vehicle at a petrol station in Giza on March 10, 2026.

Interview

US-Egypt fund makes case for economic statecraft in hard power era

As Washington focuses on war and deterrence, the Egyptian-American Enterprise Fund argues private-sector investment can advance US strategic interests.

Cornelius Queen

Cornelius Queen

Senior Vice President of the Egyptian-American Enterprise Fund

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.

A woman walks past a billboard displaying Iran's national flag at Enghelab Square in Tehran on June 14, 2026.

Analysis

US-Iran deal delivers $300 billion controversy, reconstruction questions

Under the US-Iran agreement signed on June 17, Tehran stands to receive sweeping sanctions relief, renewed oil sales, access to frozen assets abroad and perhaps the most controversial incentive of all: a proposed $300 billion investment fund.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

Interview

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

French investors are reallocating capital toward strategic sectors such as artificial intelligence and technology rather than pulling out of the region altogether.

Axel Baroux

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

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

Gulf investment to turn inward to rebuild postwar infrastructure: QNB

Charles-Emmanuel de Beauregard, Qatar National Bank’s head of corporate and institutional banking, said that the Gulf countries will need to rebuild their logistics capabilities after the closure of the Strait of Hormuz.