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Saudi Arabia

July 12, 2026

Riyadh 3:39 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

Protesters shout slogans and hold a banner that reads in Arabic 'two Red Sea islands are Egyptian', against a deal that sees Egypt cede sovereignty over two Red Sea islands to Saudi Arabia currently being debated in parliament in downtown Cairo, Egypt June 13, 2017. REUTERS/Mohamed Abd El Ghany - RTS16WQH

Egypt's legislature thumbs nose at court, approves islands deal

Egypt’s parliament shoved through approval of a deal to transfer Tiran and Sanafir islands to Saudi Arabia, but experts say the move violates the constitution and is likely to fuel public resentment.

Iran's Foreign Minister Mohammad Javad Zarif attends a press conference in Berlin, Germany, June 15, 2016. REUTERS/Axel Schmidt - RTX2GGHH

Iran seizes high ground in Saudi-Qatar dispute

Iran probably can’t believe its luck; is it time for a second look at the Aleppo “narrative”?

Members of Iranian forces take position during an attack on the Iranian parliament in central Tehran, Iran, June 7, 2017. Omid Vahabzadeh/TIMA via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RTX39EMR

The real reason Iran is pointing finger at Riyadh for IS attack

Iranian officials have pointed the finger at Saudi Arabia as the culprit behind the attack by the Islamic State on Tehran.

Saudi Arabia's King Salman bin Abdulaziz Al Saud waits to greet U.S. President Donald Trump, as he arrives to attend a summit of Gulf Cooperation Council leaders in Riyadh, Saudi Arabia May 21, 2017. REUTERS/Jonathan Ernst - RTX36T3Y

Influence-rich Saudis blow through Sunni unity

Just a month after hosting the US president and the leaders of dozens of Muslim countries, Saudi Arabia apparently cares more about putting Qatar in its place than maintaining the alliance it built.

The pictures of Qatarís Emir Sheikh Tamim Bin Hamad Al-Thani (L) and Turkish President Tayyip Erdogan are seen on a car during a demonstration in support of him in Doha, Qatar June 11, 2017. REUTERS/Naseem Zeitoon - RTS16KYO

Turkey's economic interests dictate balanced stance in Gulf crisis

Through analyzing Gulf investment into Turkey, it is obvious that taking sides in the GCC dispute could have a detrimental effect on Turkey's economy.

A man sits on the rubble of a house of his relatives, destroyed by a Saudi-led air strike in Sanaa, Yemen June 9, 2017. REUTERS/Khaled Abdullah - RTX39RM6

Gulf rift sends tremors through Yemen

The decision by Gulf countries involved in the Yemen war to sever ties with Qatar has created complexities on both sides of the Yemen conflict.

U.S President Donald Trump listens to Turkey's President Recep Tayyip Erdogan as they give statements to reporters in the Roosevelt Room of the White House in Washington, U.S. May 16, 2017. REUTERS/Kevin Lamarque - RTX363JL

Qatar crisis opens gates of anti-Trumpism in Turkey

Pro-government Turks who support Qatar have been hesitant to directly blame Saudi Arabia for the recent intra-GCC rift, preferring instead to scapegoat US intelligence services and President Donald Trump.

WASHINGTON, DC - SEPTEMBER 19: Sen. Rand Paul (R-KY) participates in a discussion about legislation to halt the sale of some weapons to Saudi Arabia at the Center for the National Interest September 19, 2016 in Washington, DC. After the Department of Defense announced the sale of $1.5 billion of arms to Saudi Arabia, Senators Paul, Chris Murphy (D-CT), Al Franken (D-MN) and Mike Lee (R-UT) are attempting to block the sale by using a provision of the Arms Export Control Act of 1976 that "provides for specia

Congress rebukes Trump over pro-Saudi stance

The US Senate came close to passing a bill prohibiting bomb sales to Riyadh for its war in Yemen amid growing concern about sectarian entanglement.

Iranian Foreign Minister Mohammad Javad Zarif speaks to the media in Tbilisi, Georgia, April 18, 2017. REUTERS/David Mdzinarishvili - RTS12PQO

Iran maneuvers to capitalize on Qatar crisis

Iran has so far cautiously stood with Qatar amid the Saudi-led confrontation with Doha, but there are indications of this caution's giving way to more assertive Iranian support.

Turkish President Tayyip Erdogan addresses members of parliament from his ruling AK Party (AKP) during a meeting at the Turkish parliament in Ankara, Turkey, May 30, 2017. REUTERS/Umit Bektas - RTX387FQ

Erdogan tries to juggle Iran, Saudi Arabia amid Qatar crisis

Retired diplomats say Erdogan’s Qatar policy is driven more by his survival instinct than a rational foreign policy and that Ankara has squandered an opportunity to play a positive role in this crisis.

A Palestinian man and his son hold a Qatari flag during a rally in support of Qatar, inside Qatari-funded construction project 'Hamad City', in the southern Gaza Strip June 9, 2017. REUTERS/Ibraheem Abu Mustafa - RTX39TEW

Palestinians divided over GCC-Qatar crisis

The Palestinians are divided over the recent announcement by four Arab nations to cut ties with Qatar, as Hamas seems to be worried about its relationship with its main backer in the region.

Saudi-Hamas relations on verge of complete rupture

Relations between Saudi Arabia and the Hamas movement in the Gaza Strip are witnessing deep tension that risks further escalation in light of the Arab nation's decision to cut ties with Qatar, one of Hamas’ main financial backers.