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July 8, 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

Saudi Arabia's King Salman bin Abdulaziz meets with Libyan military commander Khalifa Haftar in Riyadh, Saudi Arabia March 27, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC1909E0CC40

Saudi Arabia steps up role in Libya

Saudi Arabia is reported to be providing greater financing to forces associated with Libyan strongman Khalifa Hifter in order to counter Turkey's intervention on the side of Libya's Government of National Accord.

A man walks past the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh, Saudi Arabia October 27, 2013. REUTERS/Faisal Al Nasser/File Photo TPX IMAGES OF THE DAY - S1BETCCGREAA

Edelman strikes $6 million deal with Saudis to promote G-20 business summit

Saudi petrochemicals company SABIC has hired the Chicago-based PR giant to support this year’s Business 20 gathering in Riyadh.

Trump-linked lobbyist turns from Gulf Arabs to more toxic clients

Robert Stryk’s Sonoran Policy Group is hemorrhaging both clients and employees.

What do the Houthis need from Cairo?

Egypt made sure that Egyptian fishermen safely returned home from Yemen as Yemeni patients arrive in Cairo for treatment as part of efforts to resolve Yemen’s conflict.

Dar al-Ifta joins in Egypt-Turkey culture war

Amid heightened tensions between Cairo and Ankara, culture is emerging as the new battlefront as each party offers its own version of the Ottoman era.

Pro-government army soldiers ride on the back or a truck in Fardhat Nahm area, which has recently been taken by the army from Houthi rebels around 60km (40 miles) from Yemen's capital Sanaa, February 20, 2016. REUTERS/Ali Owidha - GF10000316618

How Houthi forces won key Yemeni district

Houthi rebels take over Yemen's strategic Nahm district, defeating Yemeni government forces backed by the Saudi-led coalition.

Peace with the region is not a peace plan

The Trump peace plan is flawed because it has more to do with building a coalition against Iran rather than with promoting peace between Israelis and the Palestinians.

WASHINGTON, UNITED STATES - JUNE 17: Mohammad Bin Salman Al Saud (L), Defense Minister of Saudi Arabia and US President Barack Obama meet at White House in Washington, D.C, USA on June 17, 2016. (Photo by Pool/Anadolu Agency/Getty Images)

Saudi Arabia turns to Democrat-tied lobbyists for Capitol Hill relationship advice

The Williams Group is the 10th firm hired by Saudi Arabia’s embassy in Washington and the ministry of foreign affairs.

Turkish Prime Minister Tayyip Erdogan (C, wearing dark glasses) inspects an honour guard during a welcoming ceremony at the prime minister's residence in Islamabad May 22, 2012. Erdogan is in Islamabad on a three-day official visit to meet Pakistani leaders. REUTERS/Mian Khursheed (PAKISTAN - Tags: POLITICS) - GM1E85M1HZ401

Erdogan to discuss trade, military plans in Pakistan

Pakistani and Turkish officials have a variety of topics to address when they meet this week, including investment, foreign policy, China and defense.

How Saudi Arabian farmers are trying to preserve traditional coffee production

Climate change, water shortages and newcomers are challenging the traditional coffee culture in Saudi Arabia, which has the 10th largest per capita consumption in the world.

U.S. President Barack Obama (seated) signs H.R. 6156, the Russia and Moldova Jackson-Vanik Repeal and Magnitsky Rule of Law Accountability Act, in the Oval Office of the White House in Washington, December 14, 2012. From L-R are: U.S. Sen. Ben Cardin, U.S. Sen. Joe Lieberman, U.S. Sen. Max Baucus, Obama, U.S. Rep. Steny Hoyer, U.S. Rep. Sandy Levin, U.S. Rep. Jim McGovern, and U.S. Rep. Gregory Meeks. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS) - GM1E8CF053K01

Magnitsky law spawns cottage industry of sanctions lobbying

The Magnitsky Act is being used in unexpected ways, with lobbyists pushing for human rights sanctions against nations on behalf of corporate clients.

Crown Prince of Saudi Arabia Mohammad bin Salman attends the Gulf Cooperation Council (GCC) summit in Mecca, Saudi Arabia May 30, 2019. Picture taken May 30, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC182A708080

Intel: Democrats push Trump administration to crack down on Saudi prince

Emboldened by the latest United Nations report implicating Crown Prince Mohammed bin Salman in hacking Amazon CEO Jeff Bezos’ phone, Democrats are pushing the Donald Trump administration to toughen up on the Saudi heir.