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April 20, 2026

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A man walks past a screen displaying stock indices at the Dubai Financial Market stock exchange in Dubai, March 4, 2026.

Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt

In a post on Truth Social on Sunday, US President Trump said the US Navy fired at and seized an Iranian-flagged cargo ship in the Gulf of Oman.

Pakistan Air Force J-10 fighter jets over Islamabad, March 23, 2025.

Analysis

Pakistan’s quiet fighter jet deployment to Saudi Arabia signals Gulf anxiety

As US-Iran talks unfold, Islamabad balances mediation with a growing military role in the kingdom.

Sabena Siddiqui

By Sabena Siddiqui

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

Abdulla Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability, United Arab Emirates

Interview

UAE official says opening Hormuz integral to any Iran deal, describes infrastructure damage 'manageable'

Abdulla Balalaa, UAE assistant minister of foreign affairs for energy and sustainability, spoke to Al-Monitor about the situation in the Gulf along with the UAE's focus on promoting privatization in the water sector and the 2026 UN Water Conference.

STRAIT OF HORMUZ - NOVEMBER 19: In this handout photo provided by the US Navy, The aircraft carrier USS Abraham Lincoln (CVN 72) transits the Strait of Hormuz as an MH-60S Sea Hawk helicopter from the Nightdippers of Helicopter Sea Combat Squadron (HSC) 5 lifts off from the flight deck November 19, 2019. The Abraham Lincoln Carrier Strike Group is deployed to the U.S. 5th Fleet area of operations in support of naval operations to ensure maritime stability and security in the Central Region, connecting the M

'The reach is global': Pentagon vows pursuit of ships tied to Iran trade

A top admiral said the US Navy will pursue any vessels "providing material support to Iran" anywhere in the world.

Latest News

Analysis

How long can Iran's economy weather US naval blockade?

Getty Images

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

Analysis

Why Netanyahu caved to Trump on Lebanon and what it means for Israel

Israel's Prime Minister Benjamin Netanyahu speaks during a joint press conference with his Indian counterpart Narendra Modi in Jerusalem on February 26, 2026. (Photo by GIL COHEN-MAGEN / POOL / AFP via Getty Images)

In Tel Aviv, reporting on national security, Israeli politics, defense

Iran says Strait of Hormuz 'completely open' to ships

MUSCAT, OMAN - MARCH 25: Locals take photos of two bulk carriers anchored at Muscat Anchorage on March 25, 2026 in Muscat, Oman. Maritime traffic through the Strait of Hormuz, which conveys about 20% of the world's oil and gas, has mostly come to a halt after the joint U.S.-Israeli war with Iran that began on February 28. Iran, in a defiant reply to a ceasefire proposal from the United States, has claimed that sovereignty over the Strait of Hormuz "is its natural and legal right." Under international law, t

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Sabena Siddiqui

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

A correspondent in Tehran

In Tehran, reporting on politics

Benjamin Houghton

In Durham, reporting on China in the Middle East

Rahim Rahimov

In Baku, reporting on Middle East-Caucasus ties

Mehrnaz Samimi

In Washington, DC, reporting on Iranian culture

Why Iran’s auto ambitions will benefit economy, not consumers

Iran appears focused on transforming itself into a regional car manufacturing hub in the coming years — but at what price?

Iran's President Mahmoud Ahmadinejad visits Imam Ali shrine in Najaf, Iraq, July 19, 2013. REUTERS/Karim Kadim/Pool (IRAQ - Tags: POLITICS) - RTX11RSP

Ahmadinejad blamed as US rulings freeze more Iranian assets

A new freeze of Iranian assets as a result of US court rulings over terrorist attacks sparks ire in Iran.

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

Gulf countries take back seat on Syria route

It seems Saudi Arabia is more interested in Yemen than in Syria these days, which explains dwindling Gulf support for Syrian rebels.

Iranian-made Emad missile is displayed during a ceremony marking the 37th anniversary of the Islamic Revolution, in Tehran February 11, 2016. REUTERS/Raheb Homavandi/TIMA ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RTX26GRZ

Can Congress compromise on bipartisan Iran sanctions law?

Senate Foreign Relations Committee leaders say they're getting closer to an agreement on non-nuclear sanctions.

Iranian youth sit at the Jee Café in the capital Tehran on February 25, 2016. / AFP / BEHROUZ MEHRI (Photo credit should read BEHROUZ MEHRI/AFP/Getty Images)

Allure of riches draws young Iranians to network marketing

Network marketing is growing increasingly popular among young Iranians looking for new ways to make a quick buck.

Iranian President Hassan Rouhani speaks at a news conference near the United Nations General Assembly in the Manhattan borough of New York, U.S., September 22, 2016. REUTERS/Lucas Jackson - RTSP0TU

Iran’s Rouhani moves to form campaign headquarters

In a move to perhaps end rumors of his reluctance to run in Iran’s upcoming presidential vote, incumbent Hassan Rouhani has set up a formal campaign headquarters.

Intrigue surrounds arrest, release of Iranian dissident cleric’s son

The arrest and release of Ahmad Montazeri, the son of Ayatollah Hussein Ali Montazeri, sheds light on behind-the-scenes maneuvering by clerics in Iran.

U.S. President Donald Trump delivers remarks aboard the pre-commissioned U.S. Navy aircraft carrier Gerald R. Ford at Huntington Ingalls Newport News Shipbuilding facilities in Newport News, Virginia, U.S. March 2, 2017. REUTERS/Jonathan Ernst - RTS1177C

What’s stopping Rouhani from reaching out to Trump?

While some Iranians argue that more should have been done to improve relations with the United States under former President Barack Obama, not everyone in Iran agrees.

An Iranian shopkeeper counts money as he waits for customers in front of his shop at a bazar in northern Tehran January 16, 2016. REUTERS/Raheb Homavandi/TIMA ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RTX22MU3

Iran’s private sector having hard time financing expansion

While the Iranian debt market has greatly expanded in past years, providing an alternative to banks for financing, private sector firms are left out of this boom.

Russian President Vladimir Putin (L) and his Iranian counterpart Hassan Rouhani attend a news conference after the talks in Tehran, Iran, November 23, 2015. To match Insight RUSSIA-IRAN/ Alexei Druzhinin/Sputnik/Kremlin/File Photo via Reuters ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. - RTX2BOG5

Why Iran won’t work as a bargaining chip between Russia, US

Russia and Iran have enough overlapping interests to keep their relationship strong, even if the United States tries to interfere.

Flames are seen at Baba Gurgur oil field in Kirkuk, 250 km (155 miles) north of Baghdad August 3, 2009. Picture taken August 3, 2009. REUTERS/Ako Rasheed (IRAQ ENERGY) - RTR26E2R

Iraq, Iran agree to resolve dispute on joint oil fields

After many years, Iraq and Iran have decided to form a joint committee to resolve differences about the oil fields between the two countries and the supply of a new oil pipeline to Iran.

Hezbollah members on motorbikes and vehicles parade during a procession ahead of the day of Ashura, in the Saksakieh village, in southern Lebanon, October 9, 2016. REUTERS/Ali Hashisho - RTSRH2G

Will Hezbollah join Palestinian factions in confrontation with Israel?

Amid calls to unify fronts between Palestinian resistance factions in Gaza and Hezbollah in Lebanon, experts envision many difficulties in this possibility of coordination.