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United Arab Emirates

July 7, 2026

Abu Dhabi 4:19 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 Sheikh Tamim bin Hamad al Thani attends the opening meeting of the Arab Summit in Sharm el-Sheikh, in the South Sinai governorate, south of Cairo, March 28, 2015. Arab League heads of state are holding a two-day summit to discuss a range of conflicts in the region, including Yemen and Libya, as well as the threat posed by Islamic State militants. REUTERS/Amr Abdallah Dalsh - RTR4V93X

Can Saudis ease Egypt-Qatar tension after Al Jazeera death sentences?

Saudis want to bridge the divide between Qatar and Egypt so that its Sunni coalition can focus on Iran.

Is it Eid or not? Muslims take step toward resolving calendar dispute

Religious representatives from Islamic countries agree to embrace a common calendar to overcome a long-standing conflict on the start of Ramadan, but their past record inspires little optimism for a genuine compromise.

U.S. President Barack Obama speaks with Oman's Deputy Prime Minister Sayyid Fahd bin Mahmoud al Said (L), Saudi Arabia's King Salman (2nd R) and Bahrain's King Hamad bin Isa al-Khalifa (R) during the summit of the Gulf Cooperation Council (GCC) in Riyadh, Saudi Arabia, April 21, 2016. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY - RTX2AYPD

Congress rolls out red carpet in Washington for jilted GCC

The Senate is getting ready to extend diplomatic courtesies to the Gulf Cooperation Council as it prepares to open a Washington office.

Will 'free financial center' lure foreign banks to Iran?

Iranian authorities are weighing whether to launch a free financial center to encourage capital inflow into the economy.

Erdogan, Davutoglu shed tears for Gaza, but do little else

Turkey as well as the oil-rich Gulf states have still not fulfilled their pledges to help with the reconstruction and development of Gaza.

Saudi-Iran rivalry spills into UN Human Rights Council

While Iran was unhappy with the renewal of Ahmed Shaheed’s mandate as special rapporteur for Iran, it appears to be even more irritated over how Saudi Arabia, the UAE and Qatar voted in favor of the measure at the UN Human Rights Council.

A picture shows a view of the untouched Yemeni Island of Socotra, a site of global importance for biodiversity conservation, located in the northwestern Indian Ocean, some 350km south of the Arabian Peninsula on March 27, 2008. Socotra is the main island of an archipelago of the same name, sometimes referred to as "the Galapagos of the Indian Ocean." The island is historically famous for its unique and spectacular vegetation -- botanists rank the flora of Socotra among the ten most endangered island flora

Welcome to one of the most exotic islands in the world

Socotra, a Yemeni island in the Indian Ocean known for its vast biodiversity, seeks to regain its strategic role to support the country’s economy.

United Arab Emirates

Secretary-General of the Gulf Cooperation Council (GCC) Abdullatif bin Rashid Al Zayani, Kuwait's Foreign Minister Sheikh Sabah al Khalid al Sabah, Qatar's Foreign Minister Khaled al-Attiyah, Oman's Foreign Minister Yusuf bin Alawi bin Abdullah, Saudi Arabia's Foreign Minister Adel al-Jubeir, Bahrain's Foreign Minister Khalid bin Ahmed Al Khalifa and UAE'S Foreign Minister Abdullah bin Zayed Al Nahyan (L-R) pose for a group photo during an extraordinary meeting in Riyadh January 9, 2016. REUTERS/Faisal Al N

How united is the GCC?

While Gulf states may all be united under the Gulf Cooperation Council name, their individual policies on foreign intervention vary greatly.

Is this the man who will replace Abbas?

It seems dismissed Fatah leader Mohammed Dahlan is expanding his regional and international influence to become the potential successor to Palestinian President Mahmoud Abbas.

Do gas condensate exports represent new beginning for Iraq's hydrocarbon industry?

As the first shipment of gas condensate reached the UAE, Iraq is seemingly on the right path to develop its energy sector despite some difficulties in the sector.

United Arab Emirates

Lebanon's Central Bank Governor Riad Salameh speaks during an interview with Reuters in Beirut, Lebanon November 3, 2015. It is essential that Lebanon's parliament meets soon to pass laws for development loans, debt issuance and banks, Salameh said on Tuesday, urging politicians to break political deadlock harming the economy. REUTERS/Mohamed Azakir - RTX1ULQ5

Will Gulf sanctions impact Lebanon’s banking sector?

Although the recent decisions by Gulf states to impose political and economic measures on Lebanon’s Hezbollah sparked concerns about the impact on the country’s economy, experts in the field say Lebanese banks will be able to overcome this phase.

How far will the Saudis go against Hezbollah?

With Saudi Arabia labeling Hezbollah a terrorist organization, a decision that was endorsed by the GCC, the kingdom hopes to legally pursue the Lebanese movement in international forums.