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Saudi Arabia

July 12, 2026

Riyadh 12:21 pm

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A man crosses a street while returning home from work, in Dubai on June 23, 2026. (Photo by FADEL SENNA / AFP via Getty Images)

Analysis

Saudi-UAE payment blocks could imperil billions in trade: What to know

Delayed bank transfers from Saudi Arabia to accounts in the United Arab Emirates could suggest the rivalry between the region's largest economies is entering a new financial phase.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Canada's Mark Carney (L) and Saudi Arabia's Crown Prince Mohammed bin Salman (R) met on the heels of the NATO summit in Riyadh on July 9, 2026.

Analysis

Carney bets on Saudi Arabia to help reduce dependence on US: What to know

Canada is seeking to diversify away from the United States, with Saudi Arabia and other Gulf states offering key energy and industrial benefits.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

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.

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.

Latest News

Analysis

How Iran war shaped divergent paths to security among GCC states

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.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Syria launches gas project with Saudi firm in latest Gulf energy partnership

Oil drilling near Dakhiliyah in the desert region of Hasakah, Syria, Jan. 25, 2026.

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.

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

Turkish President Recep Tayyip Erdogan gestures during a news conference to present the outcome of the G20 leaders summit in Hamburg, Germany July 8, 2017. REUTERS/Wolfgang Rattay - RTX3ANDI

Erdogan hopes to woo Saudi Arabia with Gulf damage-control tour

Turkish President Recep Tayyip Erdogan said his visit to the Gulf was mainly about the GCC-Qatar crisis, but analysts indicate Ankara is also trying to curry favor with Saudi Arabia.

Qatari Crown Prince Sheikh Tamim bin Hamad bin Khalifa al-Thani (2ndL) and Turkish President Recep Tayyip Erdogan (L), walk past a guard of honor during an official welcoming ceremony prior to their meeting at the presidential palace in Ankara, Turkey, on December 19, 2014. AFP PHOTO / ADEM ALTAN (Photo credit should read ADEM ALTAN/AFP/Getty Images)

Turkey flexing military muscle in Qatar

Turkey is signaling a shift to "hard power" foreign policy by incrementally building its military presence in Qatar to a brigade-level force.

Oman's Foreign Minister Yusuf bin Alawi waves as he arrives to attend a meeting of Foreign Ministers of the Gulf Cooperation Council (GCC) member states, in Riyadh, Saudi Arabia March 30, 2017. REUTERS/Faisal Al Nasser - RTX33EVF

Trump administration looks to Oman for help navigating Middle East

US officials, while wary about Oman's ties with Iran, seek Oman's assistance in resolving Qatar dispute.

U.S. Secretary of State Rex Tillerson testifies before the Senate Foreign Relations Committee on Capitol Hill in Washington, D.C., U.S., June 13, 2017. REUTERS/Aaron P. Bernstein - RTS16WM2

Tillerson calls on Saudi bloc to lift blockade on Qatar

The US secretary of state, after meeting Omani Foreign Minister Yusuf bin Alawi today in Washington, called for the lifting of the blockade on Qatar as a sign of good faith.

Turkey’s economic dilemma: Win Qatar or lose the Gulf?

By backing Qatar, Turkey faces economic losses in the Gulf but improved economic ties with Iran

Palestinian President Mahmoud Abbas (L) holds a news conference after a meeting with European Union foreign policy chief Federica Mogherini in Brussels, Belgium, March 27, 2017. REUTERS/Yves Herman - RTX32WQI

Abu Mazen plays losing hand badly in Gaza Strip

The Palestinian president faces a challenge from a bitter rival backed by Egypt and the United Arab Emirates; what is Saddam Hussein’s family doing in Qatar?; Russia and the United States wary of Turkish military intervention in Syria.

Saudi Arabia's dependent fees leave Egyptian expats in dire straits

Dependents of expat workers in Saudi Arabia will be charged a dependent fee starting in 2017, which is a further strain on the salaries of foreign workers and will likely result in large numbers of families going back home.

An Egyptian woman celebrates with a national flag defaced with the words "Tiran" and "Sanafir" after the High Administrative Court upheld on January 16, 2017 a ruling voiding a government agreement to hand over the two Red Sea islands of Tiran and Sanafir to Saudi Arabia in a deal that had sparked protests in Egypt. / AFP / MOHAMED EL-SHAHED (Photo credit should read MOHAMED EL-SHAHED/AFP/Getty Images)

Egypt opposition MP: Resigning over island transfer 'no longer useful'

Nadia Henry, a member of Egypt’s opposition 25-30 bloc in parliament, tells Al-Monitor that the opposition will continue to fight the transfer of Tiran and Sanafir islands to Saudi Arabia, and that a larger opposition coalition could be created.

Rise of new Saudi crown prince stirs serious concerns in Iran

While the elevation of Mohammed bin Salman was no surprise to many observers in Tehran, his de facto rule over Saudi Arabia is raising serious concerns in Iran.

People hold up pictures of the victims of the AMIA Jewish center bombing during a ceremony to mark the 22nd anniversary of the 1994 attack that left 85 dead in Buenos Aires, Argentina, July 18, 2016. REUTERS/Enrique Marcarian - RTSIJ2R

Iran ready to work with Interpol over 1994 Argentina bombing

Iran expressed readiness to start talks over its alleged involvement in a 1994 bombing in Argentina.

Saudi Arabia's King Salman bin Abdulaziz Al Saud (front seat) arrives to greet U.S. President Donald Trump for his address to the Arab Islamic American Summit in Riyadh, Saudi Arabia May 21, 2017. REUTERS/Jonathan Ernst - RTX36VOB

Saudi king shows no signs of slowing aggressive foreign policy

Saudi Arabia has overextended itself militarily and economically and it would behoove it to return to a more traditional approach in its foreign policy.

Women pose with Turkish and Qatari flags during a demonstration in favour of Qatar in central Istanbul, Turkey, late June 7, 2017. REUTERS/Murad Sezer - RTX39JA3

Qatar becoming another diplomatic debacle for Turkey

Experts question the logic behind Ankara’s decision to station troops in Qatar and anger key Arab powers, just as matters are coming to a head in Syria and Iraq.