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Economy & Business

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.

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."

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

Latest News

Turkey looks to expand Syria energy footprint into oil, gas

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Leon Neal/Getty Images

United Arab Emirates

Explainer

What US sanctions on Syria remain as Shibani, Barrack hold talks?

RAMI AL SAYED/AFP via Getty Images

UAE billionaire Habtoor takes aim at Ben Gvir’s Gaza rhetoric

A picture take on Sept. 13, 2017, shows Khalaf Ahmad Al Habtoor, chairman of the Al Habtoor Group, attending the World Premiere of La Perle in Dubai.

United Arab Emirates

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

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

Indian vessel Nanda Devi, carrying liquefied petroleum gas, arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026, after Iran allowed it to pass through the Strait of Hormuz, a

From France to India: Who is Iran allowing through the Strait of Hormuz?

Ships from Qatar turned around on Monday after sailing toward the Strait of Hormuz, while a growing number of countries have received permission to traverse the waterway.

AirAsia aircraft with two engines landing on Kota Kinabalu International airport runway, Kota Kinabalu Sabah, Malaysia, March 4, 2017.

AirAsia stays course on Bahrain hub as Iran war clouds aviation growth plans

The low-cost carrier’s commitment, while conditional on how the conflict evolves, stands out as most global airlines scale back routes, delay launches and reroute flights to avoid the Middle East.

A picture taken on May 5, 2020 shows the Acropolis overlooking the Koukaki district of Athens, during a lockdown aimed at curbing the spread of the COVID-19 pandemic, caused by the novel coronavirus. - At the foot of the Acropolis, the Koukaki district, usually popular with tourists from all over the world, has been a sad place since the pandemic, with its deserted terraces and pedestrian walkways and Airbnb accommodations emptied of their clientele. Directly hit, the dozens of small landlords who had chose

How Athens became haven for Israeli investment

In Athens, rising Israeli investment in the real estate market has been contributing to declining housing affordability.

A police speed boat patrols the port as oil tankers and high speed crafts sit anchored at Muscat Anchorage near the Strait of Hormuz on March 30, 2026 in Muscat, Oman.

Analysis

Hostage to Hormuz, can Gulf rewire future energy flows to bypass Iran’s chokepoint?

As the US-Israel-Iran war disrupts around 20% of global oil supply, experts point to opportunities and challenges facing a renewed push to develop alternatives to the Strait of Hormuz.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

This photograph shows a sign displaying the daily price panel for SP98, SP95 and diesel at a gas station in Paris on April 2, 2026.

Europe diesel at four-year high above $200 as Iran war disrupts supply

Futures traded as high as $1,498 a ton, or more than $200 a barrel, soaring as much as 9.7% in London on Thursday.

A member of the Popular Mobilization Forces patrols along a concrete wall at the Iraqi-Syrian border in Al-Qaim, west of Iraq, on Jan. 23, 2026.

Syria reopens key crossing after 11 years, aiding Iraq's oil exports amid war

Iraq and Syria have shown a desire to cooperate on oil exports, and the matter has become more urgent due to the disruptions in the Strait of Hormuz.

Exhaust emits from the engine of a passenger jet as it prepares for take off at Heathrow Airport on March 30, 2006, in London, England.

Jet fuel squeeze exposes Europe’s reliance on Middle East supply

Lawmakers on the continent have been told to make "timely preparations in anticipation of a potentially prolonged disruption" in energy flows from the region.

Shops close early, on March 28, 2026, in Cairo, Egypt.

Egypt closes stores early, Jordan bans AC as Iran war takes toll

Jordanian Prime Minister Jafar Hassan announced Monday that the use of air conditioning and heating equipment in ministries, government departments and public institutions will now be prohibited.

Golden Pass

QatarEnergy begins LNG production at major US project amid global supply strain

The development paves the way for sustained liquefaction operations and the facility's first cargo, expected in the second quarter of 2026.

Jean-Christophe VERHAEGEN / AFP via Getty Images

TotalEnergies reaped more than $1B profit from Iran war: What to know

Non-Middle Eastern energy firms have been particularly benefiting as energy flows have been choked off from the Gulf.

A general view of South Pars gas field facilities in the southern Iranian port town of Assaluyeh, on the Gulf, Nov. 19, 2015.

Analysis

Oil-rich Gulf states could face power crunch as Iran war hits energy security

While the conflict fuels a global oil price shock, the Gulf states must contend with growing threats to their own energy security, from power cuts to desalinated water loss.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech