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July 16, 2026

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

Interview

Why 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.

Latest News

Analysis

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

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

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

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

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 Minister of Foreign Affairs Prince Saud al-Faisal bin Abdulaziz al-Saud speaks during a news conference with Sartaj Aziz, Pakistan's prime minister Nawaz Sharif's adviser on foreign affairs, at Foreign Ministry in Islamabad January 7, 2014. REUTERS/Mian Khursheed (PAKISTAN - Tags: POLITICS ROYALS) - RTX1753R

Saudi strategy includes alliance with Pakistan

Saudi Arabia considers Pakistan a pivotal ally, both to contain Iran and to further Riyadh’s leadership bid in the Arab world.

Lakhdar Brahimi (C), the U.N. envoy on Syria, speaks with members of the French delegation prior to a meeting at the United Nations offices in Geneva December 20, 2013. REUTERS/Fabrice Coffrini/Pool (SWITZERLAND - Tags: POLITICS) - RTX16PMV

Geneva II must achieve peaceful solution

The Syrian government, the Syrian opposition and the world must take advantage of the opportunities afforded by Geneva II to bring peace to Syria.

Yemen-Saudi love story highlights political tensions

The recent story of a Yemeni man and a Saudi woman who fell in love and fled to Yemen highlights long-standing political and social tensions between their two neighboring states.

Saudi Arabia's Prince Salman Bin Abdulaziz Al Saoud (R) welcomes French President Francois Hollande (L) at the Saudi Royal palace in Riyadh December 29, 2013. REUTERS/Kenzo Tribouillard/Pool (SAUDI ARABIA - Tags: POLITICS ROYALS) - RTX16WSG

Saudi Arabia, France make their move in Lebanon

Hezbollah reacts to Saudi Arabia providing $3 billion in aid to the Lebanese army to buy French weapons.

U.S. Secretary of State John Kerry walks to his plane with Saudi Minister of Foreign Affairs Prince Saud al-Faisal bin Abdulaziz al-Saud at King Khalid International Airport in Riyadh January 5, 2014. REUTERS/Brendan Smialowski/Pool (SAUDI ARABIA - Tags: POLITICS ROYALS) - RTX1738Z

The Saudi challenge to US Syria policy

Saudi Arabia proposes a military force to deter Iran and assist rebel forces to overthrow the Syrian government.

Ethiopian migrants walk on the side of a road during their journey from the Red Sea Yemeni town of Medi to Haradh town on the border with Saudi Arabia March 22, 2012. Some 12,000 migrants, mostly from the Horn of Africa, are stranded in Haradh, which they use as a stepping stone to reach Saudi Arabia, according to the International Organization for Migration (IOM). REUTERS/Khaled Abdullah (YEMEN - Tags: POLITICS SOCIETY IMMIGRATION) - RTR2ZPE5

Saudi labor reform opens new opportunities for economy

Recent reforms enacted by the Saudi government aim to crack down on illegal immigrants and curb the use of migrant laborers.

A man gestures as he holds a wounded girl at the site of an explosion in Beirut's southern suburbs, January 2, 2014. A car bomb killed four people in Hezbollah's southern Beirut stronghold on Thursday, security and medical sources said, the latest in a series of deadly attacks on Shi'ite and Sunni targets in Lebanon. REUTERS/Issam Kobeisi (LEBANON - Tags: POLITICS CIVIL UNREST) - RTX17039

Was Thursday’s Beirut blast linked to Sidon attack?

A security source said that Thursday’s explosion in Beirut may have been prepared in a hurry and may be linked to the attack on a Lebanese army checkpoint in Sidon on Dec. 15, 2013.

A woman reacts during a mass funeral for former Lebanese minister Mohamad Chatah, who was killed in a bomb blast on Friday, at Al-Amin mosque in Martyrs' Square, downtown Beirut, December 29, 2013. Chatah, who opposed Syrian President Bashar al-Assad, was killed in the attack which one of his political allies blamed on Lebanon's Shi'ite Hezbollah militia. REUTERS/Jamal Saidi (LEBANON - Tags: POLITICS CIVIL UNREST OBITUARY) - RTX16WB3

Chatah's assassination marks rise of extremism

In Lebanon, Syria and Iraq, the forces of moderation are being displaced by the forces of extremism.

Saudi Arabia's Gulf Union project includes military dimension

Saudi Arabia begins 2014 with an assertive plan for regional leadership.

Saudi Arabian women, seeking a job, stand in line to talk with recruiters during a job fair in Riyadh January 25, 2012. It is Women's Day at the first of a series of job fairs launched by the Saudi government this year to find employment for its citizens. In coming months the scheme aims to arrange interviews for 15,000 men and women out of 100,000 applicants, holding similar fairs in the cities of Jeddah and Dammam. Picture taken January 25, 2012. To match Mideast Money SAUDI-ECONOMY/REFORMS REUTERS/

Saudi Arabia’s commercial class looks to future

Jiddah’s thriving business environment represents one of several competing visions of the kingdom’s future.

Saudi Arabia moving ahead with Gulf union

Opposition from Oman will not deter Saudi King Abdullah bin Abdulaziz Al Saud from seeking strength in GCC unity.

Arab League-United Nations envoy Lakhdar Brahimi gestures while answering journalists' questions at the end of a news conference after a meeting on Syria at the United Nations European headquarters in Geneva December 20, 2013. REUTERS/Denis Balibouse (SWITZERLAND - Tags: POLITICS) - RTX16PPL

Iran, Saudi Arabia key to Syria peace conference

The Islamic Front snubs US Ambassador Robert Ford; Turkey rocked by scandal; reactions to the American Studies Association vote to boycott academic exchanges with Israel.