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Saudi Arabia

September 3, 2026

Riyadh 2:45 pm

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A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026.

Saudi oil exports hit nine-year low as tanker attacks threaten recovery

The country’s oil exports were around 3 million barrels per day in August.

Mecca Alliance

Saudi Arabia, Turkey, Pakistan set Mecca Alliance into motion

The three countries are moving to formalize military coordination under the newly named Mecca Alliance amid renewed hostilities between Iran and the US.

Latest News

Iraq reinforces Saudi border security amid militia tensions: What to know

Iraqi army troops patrol the Iraq-Saudi Arabia border

Samuel Wendel

Senior Analyst, Middle East Business & Tech

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

A trader works on the floor of the New York Stock Exchange on July 24, 2026, in New York.

Oil jumps 8% as US-Iran war pressures Saudi Arabia, explosions hit Egypt

The price of benchmark Brent crude climbed past $90 per barrel on Wednesday after a renewed round of US-Iran hostilities shattered a days-long lull in fighting and the Houthis targeted Saudi oil exports.

Houthi soldiers stand guard on a missile carrier during an official military parade marking the ninth anniversary of the Houthi takeover of the capital, Sanaa, on Sept. 21, 2023.

Exclusive

Saudi Arabia to announce Red Sea coalition to counter Houthi threats

Around 50 countries have been invited to join the Saudi-led initiative aimed at countering Houthi threats to Red Sea shipping and preventing a repeat of recent disruptions in the Strait of Hormuz.

Amberin Zaman

Jared Szuba

By Amberin Zaman , Jared Szuba

An EA-18G Growler assigned to Electric Attack Squadron (VAQ) 137 lands aboard the aircraft carrier USS Theodore Roosevelt (CVN-71) while the ship is moored in Honolulu, Hawaii, during Exercise RIMPAC (Rim of the Pacific) 2026 on July 17, 2026.

US, Saudi Arabia strike Iran-aligned militias in Iraq as IRGC targets US forces in Jordan

The IRGC’s attempt to redraw the status quo amid an uneasy stalemate comes as White House hedges its military options and Omani officials seek to bring the two enemies back to the negotiating table.

A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026.

Explainer

Tankers keep sailing Red Sea despite Houthi threats as Saudi oil lifeline faces strains

Roughly a dozen oil tankers were sailing in the vicinity of the Bab el-Mandeb Strait as of Tuesday evening, following an uptick in traffic the day before as shippers bet on new US-Iran diplomacy.

Sailors from the navy of Yemen's Aden-based internationally recognized government stand at machine-gun positions aboard a vessel patrolling a shipping lane off Hanish Island in the Red Sea on July 27, 2026.

Aramco turns to Egypt as Houthis disrupt Saudi oil exports: What to know

Riyadh is now looking to use the Mediterranean route more extensively after the Houthis on July 20 threatened to target oil exports passing through the Bab el-Mandeb Strait.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Oil falls 9.5% in steepest drop in months as Iran, US pause attacks

Iran says it is still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States after President Donald Trump halted a two-week bombing campaign.

A man counts Saudi riyal banknotes in the capital, Riyadh, Oct. 3, 2016.

Analysis

How Gulf banks are absorbing Iran war shocks

GCC lenders had a strong hand when the Iran war erupted, affording them resilience to shocks, but risks remain.

In Bristol, reporting on regional business, climate change, AI, tech