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July 15, 2026

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A ship sails off the coast of Ajman on July 10, 2026.

Interview

Why the Strait of Hormuz no longer rattles oil markets as much: IMF

The fund's Middle East director, Jihad Azour, told Al-Monitor that the big Gulf energy producers now have more capacity to absorb the shock.

Jihad Azour

Jihad Azour

Director of the Middle East and Central Asia Department at the International Monetary Fund

Mohammed HUWAIS / AFP via Getty Images

Yemen’s Houthis accuse Saudi Arabia of striking Sanaa airport: What to know

The Yemeni government claimed that its armed forces struck the Sanaa International Airport to prevent an Iranian plane from landing, while the Houthis accused the government's ally, Saudi Arabia, of carrying out the strikes.

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

Latest News

Analysis

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

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.

Adam Lucente

By Adam Lucente

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

How Iran war could impact oil markets in 2027

Igor IVANKO / AFP via Getty Images

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

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

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

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

Iraqi Prime Minister Haider al-Abadi walks to a meeting with the Senate leadership at the U.S. Capitol in Washington April 15, 2015. REUTERS/James Lawler Duggan - RTR4XHQA

Iraqi PM walks back criticism of Saudi Arabia

On his first official visit to Washington, Iraqi Prime Minister Haider al-Abadi showed how hard it is for his country to juggle conflicting outside powers.

Saudi Foreign Minister Saud al-Faisal gestures during a joint news conference with his French counterpart Laurent Fabius in Riyadh April 12, 2015. Saudi Arabia dismissed Iranian calls to end air strikes on neighbouring Yemen on Sunday as Saudi-led attacks hit a military camp in the Yemeni city of Taiz, killing eight civilians according to a medical source. REUTERS/Faisal Al Nasser - RTR4X0EF

Iran defense minister: Saudi Arabia will fail in Yemen

Iranian defense minister says that Saudi Arabia's military campaign in Yemen will fail and that it will prepare the collapse of the Saudi government.

Saudi army artillery fire shells towards Houthi movement positions at the Saudi border with Yemen April 15, 2015. REUTERS/Stringer TPX IMAGES OF THE DAY - RTR4XHTX

Qaradaghi: We support action against Houthis

In this interview with Al-Monitor, the secretary-general of the International Union of Muslim Scholars, Ali Mohiuddin Al Qaradaghi, shares the union’s relations to Hamas, views on Operation Decisive Storm and other Muslim affairs.

Iranians scuffle with security forces during a demonstration outside the Saudi embassy in Tehran on April 11, 2015, to protest against alleged sexual harassment against Iranian youths by Saudi police. Media reported that two Iranian teenagers who had gone on pilgrimage to holy sites in Saudi Arabia had been sexually harassed by police at the Red Sea airport of Jeddah, as they prepared to return home. AFP PHOTO / ATTA KENARE (Photo credit should read ATTA KENARE/AFP/Getty Images)

Saudi airport incident incites social media outrage in Iran

Iranian social media users have erupted in anger over the two Iranian pilgrims allegedly assaulted in Saudi Arabia, prompting calls for calm from journalists.

Paramilitary soldiers walk past the Parliament building during a joint sitting of the parliament in Islamabad April 10, 2015. Pakistan's parliament adopted a draft resolution on Yemen on Friday urging Pakistan to stay neutral in the conflict, as expected, expressing support for Saudi Arabia and calling on all factions to resolve their differences peacefully. REUTERS/Faisal Mahmood - RTR4WS99

Why Pakistan said no to King Salman

Pakistan's unanimous decision to stay out of the conflict brewing in Yemen, and to push for a political resolution rather than a military one, puts significant strain on bilateral relations, complicating Saudi-Pakistani diplomatic relations.

Pilgrims queue upon their arrival at Jeddah airport November 10, 2009. Expecting an approximate three million pilgrims from over 160 countries to congregate around Mecca's holy sites for the annual haj pilgrimage, Saudi authorities have tightened health measures at the airports and sea ports as well as created the 300-bed capacity King Saud Hospital especially for H1N1 flu cases. About 580,000 pilgrims have arrived so far to the Western region of Saudi Arabia. REUTERS/Susan Baaghil (SAUDI ARABIA HEAL

Iran suspends Saudi pilgrimages over youth assault allegations

After assault accusations of Iranian pilgrims in Saudi Arabia, Iran has suspended umrah pilgrimages.

Khamenei: Nuclear deal could allow talks 'on other issues'

Iran’s supreme leader hints at engagement with the West beyond the nuclear talks; al-Qaeda winning in Yemen; Turkey backs Iran framework agreement; questions about Morocco’s contribution to Clinton Foundation; lobbying series updates.

Supporters of Egypt's deposed Islamist President Mohamed Mursi pray during a rally in protest against the recent violence in Egypt, in Sanaa August 16, 2013. Protests by Mursi supporters turned violent across Egypt on Friday, with witnesses reporting four dead in central Cairo and at least 12 killed in northern cities as the Muslim Brotherhood staged a "Day of Rage". REUTERS/Khaled Abdullah (YEMEN - Tags: POLITICS CIVIL UNREST RELIGION) - RTX12NKR

Muslim Brotherhood split on Saudi strikes in Yemen

Sunni parties in Egypt support Saudi Arabia's airstrikes on Yemen, while the Muslim Brotherhood’s reaction remains ambiguous.

Iranian Foreign Minister Javad Zarif (L) speaks at a news conference with Advisor to Pakistan's Prime Minister on National Security and Foreign Affairs Sartaj Aziz at the Foreign Ministry in Islamabad April 8, 2015. Zarif said on Wednesday that Pakistan and Iran should cooperate to solve the crisis in Yemen. REUTERS/Caren Firouz - RTR4WKMY

Is Iran outmaneuvering Saudi Arabia in Yemen?

Accusations that Iran is aiding Yemen's Houthis increased dramatically in 2009, in large part due to Saudi and Iranian media, though little evidence exists for direct Iranian influence.

Iranian Foreign Minister Javad Zarif (L) speaks at a news conference with Advisor to Pakistan's Prime Minister on National Security and Foreign Affairs Sartaj Aziz at the Foreign Ministry in Islamabad April 8, 2015. Zarif said on Wednesday that Pakistan and Iran should cooperate to solve the crisis in Yemen. REUTERS/Caren Firouz - RTR4WJOA

Iran dispatches diplomats to tackle Yemen crisis

Iran's President Hassan Rouhani has presented steps to be taken to end the crisis in Yemen as Iran's diplomats have been dispatched to the region.

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to film or take pictures in Tehran.

Iran's Supreme Leader Ayatollah Ali Khamenei waves to the crowd in the holy city of Qom, 120 km (75 miles) south of Tehran, October 19, 2010. REUTERS/Khamenei.ir (IRAN - Tags: POLITICS) THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS - RTXTL7O

Khamenei criticizes Saudi airstrikes, nuclear agreement

In addition to opposing recent Saudi strikes on Yemen, Iran's Supreme Leader Ayatollah Ali Khamenei voiced dissatisfaction with the recent Iran nuclear talks milestone, expressing skepticism that coming talks will result in adequate sanctions relief.

Ammar al-Hakim, leader of the Islamic Supreme Council of Iraq (ISCI), speaks during a news conference with radical Shi'ite cleric Muqtada al-Sadr in Najaf, south of Baghdad, January 23, 2015. REUTERS/Alaa Al-Marjani (IRAQ - Tags - Tags: POLITICS RELIGION CONFLICT) - RTR4MOPE

Yemen war fuels Iraqi sectarianism

Operation Decisive Storm has stirred different positions within the Iraqi religious and political circles, be they Sunnis or Shiites.