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Economy & Business

Refueling trucks are seen at Southend Airport on April 17, 2026, in Southend, England.

Which airlines are cutting flights amid Hormuz fuel disruption?

European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies.

BAY ISMOYO / AFP via Getty Images

How are Iran-linked tankers still moving through Hormuz blockade?

At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa.

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on Feb. 6, 2017.

Analysis

Gulf energy deals face Iran war stress test as global expansion meets oil shock

ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Haruna Furuhashi /Getty Images

Could UAE tap US currency swap line as Iran war strains Gulf economies?

The Gulf country apparently wanted reassurances from Washington in case its economy is severely damaged by the Iran war.

United Arab Emirates

Latest News

EU to restore Syria cooperation pact ahead of May talks: What to know

Tobias SCHWARZ / AFP via Getty Images

Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt

A man walks past a screen displaying stock indices at the Dubai Financial Market stock exchange in Dubai, March 4, 2026.

What LIV Golf’s woes suggest about Saudi Arabia’s economic headwinds

Bryson DeChambeau of Crushers GC plays his shot from the 17th tee prior to LIV Golf Mexico City at Club de Golf Chapultepec on April 15, 2026, in Mexico City.

Eurozone's inflation jumps 2.6%, jet fuel shortages loom amid Iran war

A fuel truck CarbOil services an Easyjet aircraft at Milan's Malpensa Airport on April 13, 2026.

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

KHALED DESOUKI/AFP via Getty Images

Analysis

Egypt’s stocks boom 20% as global investors bet on economic turnaround

Powered by banking, tobacco and building companies, the North African country's EGX30 index has soared to new records in August.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Michael M. Santiago/Getty Images

Diverging Gulf bets: PIF exits US tech stocks as Mubadala reshuffles portfolio

During a quarter in which US stocks began surging toward record highs, two of the Gulf's most influential investors took different approaches to the market.

United Arab Emirates

AFP via Getty Images

China expands auto investment in Egypt with $1B Suez tire plant

Egyptian Prime Minister Mostafa Madbouly said the project aligned with his country’s strategy to localize the automotive industry and manufacturing supply chains.

purple lambos

Saudi Ferrari among $9.4M in cars seized during London 'supercar season'

Dozens of supercars were seized by London police last week during a popular time for the world's wealthy vehicle owners to tour the city.

Buildings destroyed in Israeli strikes surround makeshift shelters for displaced Palestinians in Gaza City, on Aug. 8, 2025.

Norway's wealth fund vows to stay invested in Israel after selling shares in 11 firms

In a press conference on Tuesday, the fund said it had sold the stake in Bet Shemesh Engines Ltd, a group that provides services to the Israeli military, including the maintenance of fighter jets.

Oil tankers and cranes at Merchants Harbor, Saint Petersburg, Russia.

Analysis

As Trump plays Russia oil sanctions gambit, will Middle East profit or pay?

A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

adnoc

Landmark $18.7B Santos-ADNOC takeover delayed: What to know

Santos said in a statement that the due diligence period, initially set for six weeks, has been extended until Aug. 22.

United Arab Emirates

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nahsholim, on Aug. 29, 2022.

$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions

Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza.

GAVRIIL GRIGOROV/AFP via Getty Images

UAE looks to boost Russia trade to $23B despite Trump tariff threats

The two countries signed a trade agreement focusing on several key sectors, including fintech, health care, logistics, transportation and services.

United Arab Emirates

People wait for the arrival of relatives at King Khalid International Airport in the Saudi capital of Riyadh on the first commercial flight from Qatar on Jan. 11, 2021.

Saudi Arabia’s King Khalid airport sets record with 3.9M passengers in July

Air travel is a part of the Vision 2030 plan to diversify the economy, though challenges remain in attracting tourists and catching up to other Gulf airports.

A ship loaded with oil docks at a pier with the help of a tugboat at the port of Qingdao, in eastern China's Shandong province on June 12, 2025.

China's oil imports fall 5.4% as Iranian flows recede from June highs

US President Donald Trump has intensified pressure on Iran’s economy, clamping down on its oil sector, a critical component of the state budget.

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin (R) meets with UAE President Sheikh Mohamed bin Zayed bin Sultan al-Nahyan (L) at the Novo-Ogaryovo state residence outside Moscow on October 20, 2024. (Photo by Artem Geodakyan / POOL / AFP) (Photo by ARTEM GEODAKYAN/POOL/AFP via Getty Images)

UAE president heads to Russia to meet Putin as ties grow: What to know

UAE President Sheikh Mohammed bin Zayed al-Nahyan is heading to Moscow on Thursday for an official visit, his second in less than a year as Russian-Emirati relations continue to develop rapidly.

United Arab Emirates