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July 25, 2026

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A ship sails off the coast of Ajman on July 10, 2026.

Interview

Why Strait of Hormuz no longer rattles oil markets as much: IMF

The fund's Middle East director, Jihad Azour, told Al-Monitor that the big Gulf energy producers now have more capacity to absorb the shock.

Jihad Azour

Jihad Azour

Director of the Middle East and Central Asia Department at the International Monetary Fund

Latest News

Oil soars more than 6% as Trump rules out Iran deal, threatens more strikes

A cargo ship is pictured off coast of the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on June 28, 2026.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Karen Young

In Washington, DC, reporting on regional energy

Reve Chaaban

In Doha reporting on culture

A Qatar Airways Airbus A350-900 aircraft takes off in Colomiers near Toulouse, France, October 19, 2017. REUTERS/Regis Duvignau - RC1784E6CD40

Qatar Airways to cut jobs

The Gulf airline continues to fly to destinations worldwide while other regional carriers have stopped nearly all of their flights.

Women wear protective face masks, as they walk, after Saudi Arabia imposed a temporary lockdown on the province of Qatif, following the spread of coronavirus, in Qatif, Saudi Arabia March 10, 2020. REUTERS/Stringer - RC25HF9S55OY

China ramps up COVID-19 diplomacy in Mideast

As the Trump administration tries to link the coronavirus to a Chinese laboratory, Beijing is using the pandemic to strengthen ties in the Gulf.

U.S. President Donald Trump meets with Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman in the Oval Office of the White House in Washington, U.S., March 14, 2017. REUTERS/Kevin Lamarque - RC1BEFE58C00

Was Trump’s call about oil with Saudi leader the start of a reset in relations?

US-Saudi partnership faces both old and new challenges in post-COVID-19 Middle East.

Intel: Trump calls on Qatar to work toward resolving Gulf dispute

President Donald Trump has asked Qatari Emir Sheikh Tamim bin Hamad Al Thani to take steps to resolve the ongoing dispute with Saudi Arabia, Bahrain and the UAE, which blockaded Qatar in 2017.

A Qatar Airways aircraft takes off at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau - RC177F8675F0

Qatar Airways defers some employees' pay to save costs and keep flying

Qatar Airways is still offering many passenger flights, unlike other major Middle Eastern carriers. The drop in international travel due to the coronavirus has resulted in major losses for airlines.

Intel: Pompeo and Gulf ministers coordinate on Iran, COVID-19

Secretary of State Mike Pompeo held a flurry of phone calls on Thursday with his counterparts in Qatar, Kuwait and the United Arab Emirates to discuss Iran and the COVID-19 pandemic.

United Arab Emirates

A general view of Business Bay area, after a curfew was imposed to prevent the spread of the coronavirus disease (COVID-19), in Dubai, United Arab Emirates, March 28, 2020. REUTERS/Satish Kumar - RC2VSF94JGLQ

How COVID-19 will change GCC labor markets

A siren is blaring for local labor markets as the global pandemic and falling oil revenues begin to upend the Gulf states' economies.

RAFAH, GAZA â MARCH 26: Members of Saraya al-Quds, armed wing of the Palestinian Islamic Jihad, carry out disinfection works as a preventive measure against the coronavirus (COVID-19) pandemic in Rafah, Gaza on March 26, 2020. (Photo by Abed Rahim Khatib/Anadolu Agency via Getty Images)

As coronavirus spreads to Gaza, Israel can offer little

The nightmare scenario of the coronavirus reaching the Gaza Strip has become a reality, with Israel and Palestinians fearing a mega-catastrophe in the most crowded spot on earth.

U.S. President Donald Trump and Turkey's President Tayyip Erdogan pose for a family photo during the annual NATO heads of government summit at the Grove Hotel in Watford, Britain December 4, 2019. REUTERS/Peter Nicholls/Pool - RC2COD9N7WI1

Justice Department ordered Turkish TV station to register as foreign agent

The decision came amid an intensifying push by the Donald Trump administration and Congress to get foreign media outlets to register.

People wear protective face masks, following the outbreak of coronavirus, as they sit in a metro in Tehran, Iran March 17, 2020. WANA (West Asia News Agency)/Ali Khara via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY - RC2PLF9NILL2

Coronavirus spurs regional humanitarian outreach to Iran

The UAE, Kuwait and Qatar provide help to Coronavirus-stricken Iran, while there is talk that the United States could ease the way for aid to Iran while Iran released American prisoners who could be prime COVID-19 targets.

United Arab Emirates

Flames emerge from flare stacks at Nahr Bin Umar oil field, as a man is seen wearing a protective face mask, following the outbreak of the coronavirus, north of Basra, Iraq March 9, 2020. REUTERS/Essam Al-Sudani - RC2IGF9A1IYO

Mideast oil producers brace for impact of price slide

The global coronavirus outbreak and falling oil prices could spell a massive economic slowdown for oil-producing countries in the Middle East.

Egypt breaks ice with Hamas

Egypt invited Hamas to Cairo after months of rupture between the parties, indicating Egypt’s efforts to maintain its role in the Palestinian cause.