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Saudi Arabia

July 10, 2026

Riyadh 5:59 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.

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.

Crude oil tankers, bulk carriers and vessels sit anchored around Qaboos Port on June 22, 2026, in Muscat, Oman.

Oil falls below $71 as US-Iran talks continue, Gulf exports rebound

Qatar’s Foreign Ministry spokesperson said in an X post on Wednesday that Iran and the United States had made "positive progress."

Latest News

Explainer

Saudi FM concludes China visit amid Trump-MBS friction: What to know

China's Foreign Minister Wang Yi (R) shakes hands with Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023. The international community must take urgent action to stop the "humanitarian disaster" unfolding in Gaza, Chinese Foreign Minister Wang Yi told visiting diplomats from Arab and Muslim-majority nations on Novembe

Saudi Arabia's FM heads to China amid differences with US on Iran war

PEDRO PARDO/AFP via Getty Images

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

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

FADEL SENNA/AFP via Getty Images

Explainer

Gulf states push incentives for investors, expats after war dents image

Several Gulf states are working to recover their images as global havens of stability in the wake of the Iran war.

United Arab Emirates

French Trade & Invest Commissioner for United Arab Emirates and Middle East and Business France's regional director for the Middle East Axel Baroux. — Business France

Interview

Franco-Gulf investment holds firm despite Iran war, French official says

French investors are reallocating capital toward strategic sectors such as artificial intelligence and technology rather than pulling out of the region altogether.

Axel Baroux

France’s trade and investment commissioner for the UAE and Middle East

FAYEZ NURELDINE/AFP via Getty Images

Saudi Aramco's VC arm sees boom in emerging technologies, retail

Anas Alqahtani, CEO of Wa'ed Ventures, expects strong growth in Saudi Arabia’s emerging technology and retail sectors over the coming years.

Lebanese Foreign Minister Youssef Rajji meets with Fahd bin Abdulrahman bin Hathloul Al-Dosari, the new Saudi ambassador to Lebanon, in Beirut on June 17, 2026.

Who is Fahd Al-Dosari, Saudi Arabia’s new ambassador to Lebanon?

Ambassador Fahd bin Abdulrahman bin Hathloul Al-Dosari, a seasoned diplomat, arrives in Beirut as Saudi Arabia seeks to strengthen its ties with Lebanon.

A Boeing 787-9 Dreamliner aircraft of Saudi airline Riyadh Air is pictured on the tarmac at King Khalid International Airport in Riyadh on June 7, 2026.

Saudi Arabia's Riyadh Air wins US flight approval: What to know

The approval follows Riyadh Air’s first commercial flights as the carrier pushes to establish a foothold in lucrative global aviation markets despite industry turbulence linked to the US-Israel-Iran war.

Veiled women in black Chadors wave Iran and Hezbollah flags during commemoration at the Iranian embassy in Beirut, Lebanon, on April 22, 2026.

Gulf cautiously welcomes US-Iran deal as Hezbollah congratulates Tehran

Arab and regional countries welcomed the deal to end the war between Iran and the United States.

Lebanese Prime Minister-designate Nawaf Salam (R) shakes hands with Saudi Arabia's Foreign Minister Faisal bin Farhan before their meeting in Beirut on Jan. 23, 2025.

Saudi Arabia lifts 5-year ban on Lebanon imports: What to know

Saudi Arabia had been a main donor for Lebanon before ties strained during Hezbollah’s rising influence in the country.