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United Arab Emirates

July 6, 2026

Abu Dhabi 11:52 pm

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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.

An aerial view shows port of the western Syrian port city of Latakia, on Dec. 18, 2024.

Analysis

Can a UAE-backed Syria-Iraq corridor become Gulf's next trade route?

On June 26, Emirati and Syrian officials discussed plans for a logistics corridor connecting Syrian ports to Gulf markets via Iraq.

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

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.

Analysis

How Iran war shaped divergent paths to security among GCC states

The Iran war left the Gulf more fragmented than united, with competing security strategies replacing any prospect of a common regional defense.

Sabena Siddiqui

By Sabena Siddiqui

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

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

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

The project is the latest in a series of Gulf-backed investments aimed at rebuilding Syria's energy sector after the ouster of President Bashar al-Assad in December 2024.

Latest News

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.

Trump earns $810M from UAE-backed crypto firm: What to know

People walk past a cryptocurrency exchange office with a screen featuring US President Donald Trump holding cryptocurrency coins in Hong Kong on March 12, 2025.

United Arab Emirates

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

Sabena Siddiqui

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

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Qatar's Emir Sheikh Tamim bin Hamad al-Thani speaks to the country's consultative Shoura council in Doha, Qatar, November 6, 2018. Qatar News Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC1FF5F57E20

Qatar’s first elections since 2017 reveal unexpected impact of GCC crisis

Turnout in the Qatari municipal elections has declined, suggesting a Qatari citizenry that is slightly less engaged in the formal political process in the wake of the GCC crisis.

Iran's Supreme Leader Ayatollah Ali Khamenei delivers a speech during a ceremony marking the death anniversary of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini, in Tehran, Iran, June 4, 2017. TIMA via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RC16ADBF0A50

Iran leadership shrugs off US oil sanctions, pledges response

Iran's supreme leader says the US plan to cap the flow of his country's oil will lead nowhere, pledging a "response to the US hostility."

Oman’s rising diplomatic role in Yemen met with mixed reaction in GCC

Oman's strategy of constructive engagement with the Houthis has been met with pushback from Saudi Arabia and the UAE.

Turkish Foreign Minister Mevlut Cavusoglu (C) and Iranian Foreign Minister Mohammad Javad Zarif (2L) give a press conference in Ankara, Turkey, on April 17, 2019. (Photo by Adem ALTAN / AFP) (Photo credit should read ADEM ALTAN/AFP/Getty Images)

Iran sets up trade vehicle with Turkey as Saudi, UAE send flood aid

Iranian Foreign Minister Mohammad Javad Zarif said relations with Turkey are the best they’ve been in decades, while Rouhani struck a conciliatory tone amid Saudi and Emirati flood aid.

Sudan’s President Omer Al Bashir welcomes Turkey's President Recep Tayyip Erdogan at Khartoum Airport, Sudan December 24, 2017. REUTERS/Mohamed Nureldin Abdallah - RC1EBBF69470

Erdogan claims Sudanese coup actually targeted Turkey

Now that the Sudanese military has ousted the president who ruled there for three decades, it will be interesting to see how the new administration will approach Omar al-Bashir's longtime friend, Turkish President Recep Tayyip Erdogan.

Members of the Southern Transitional Council (STC) gather for the second session of the STC's national assembly in Mukalla on February 16, 2019. (Photo by Saleh Al-OBEIDI / AFP) (Photo credit should read SALEH AL-OBEIDI/AFP/Getty Images)

Does Russia seek return of independent South Yemen?

Russia is tacitly stepping up its efforts to engage with the UAE in Yemen and reach out to the Southern Transitional Council, which favors the reestablishment of an independent South Yemen.

United Arab Emirates

A man walks past a currency exchange bureau advertisement showing images of the U.S. dollar and other currencies in Cairo, Egypt, April 2, 2019. REUTERS/Mohamed Abd El Ghany - RC1BF9442E80

Is debt answer to Middle East economic troubles?

The forecast for growth across the Middle East and North Africa is bleak. Unfortunately for the regions, heavy debt appears to be one way out.

New bollard-style U.S.-Mexico border fencing is seen next to vehicle barriers in Santa Teresa, New Mexico, U.S., March 5, 2019. Picture taken March 5, 2019. REUTERS/Lucy Nicholson TPX IMAGES OF THE DAY - RC16D209A700

Border wall fight could jeopardize funding for US bases in the Middle East

The fight over funding for President Donald Trump’s proposed border wall could impact key US bases in the Middle East.

United Arab Emirates

Interview

Qatar says divisions within GCC have become ‘lose-lose’ situation for the region

Qatari spokesperson says the split among the Gulf states compromises the security of the region and that thousands of families are already paying a price.

A general view of the Eastern Company SAE, which is engaged in manufacturing tobacco products, in Cairo, Egypt September 27, 2018. REUTERS/Amr Abdallah Dalsh - RC12D2E17460

Egypt’s Eastern Company listed 4.5% of shares on stock market

The Eastern Company’s public offering, which resulted in Saudi investors buying 25% of the listing worth $23 million, raises questions about illicit profits within the government.

Despite friction, Egypt retains economic ties with Turkey, Qatar

Some Egyptians have been calling for the government to seize Turkish and Qatari assets, but so far that hasn't seemed to sour foreigners on Egypt's investment offerings.

United Arab Emirates

Russia's foreign minister Sergei Lavrov is seen during a news conference with United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi, UAE, March 6, 2019. REUTERS/Satish Kumar - RC19A7AA4720

How did Lavrov do on his Gulf tour?

During his tour of the Gulf, Russia's Foreign Minister Sergey Lavrov treaded carefully around politics, opting to speak publicly about a safer topic, economics.