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July 23, 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

Prime Minister Muhammad Shehbaz Sharif is being received by Minister of State for Foreign Affairs of State of Qatar Muhammad bin Abdulaziz Al-Khulaifi at King Hammad International Airport, as he arrives in Qatar on two day official visit, on Feb. 23, 2026.

In Qatar, Pakistan’s Sharif seeks to bolster trade ties, woo foreign capital

The South Asian country is seeking to attract international investment as it recovers from a severe economic crisis.

Brendan SMIALOWSKI / AFP via Getty Images

How did FIFA become part of Trump’s Gaza reconstruction effort?

FIFA signed a deal on Thursday that marks the global soccer association's most significant postwar intervention in the Middle East yet.

Venezuela

Qatar PM arrives in Venezuela on first trip since Maduro’s ouster: What to know

Qatar is moving to shore up ties with Venezuela as the US seeks greater control over the South American country’s oil revenues.

This photograph taken on Jan. 20, 2026, organized by the Saudi-backed Yemeni government, shows Saudi-backed Yemeni forces in the city of Mukalla in Yemen's coastal southern Hadhramaut province.

Saudi-UAE rift complicates Israel's counter-Iran efforts, normalization

Israel fears that the rivalry between the UAE and Saudi Arabia will further push Riyadh toward countries that espouse political Islam policies.

A handout photo made available by Iran's Supreme National Security Council office shows Secretary of the Supreme National Security Council Ali Larijani (C) arriving in Muscat, Oman, on Feb. 10, 2026.

Iran’s Larijani in Qatar, meets Hamas leadership: What to know

Qatar and Oman have played a vital role in mediating between Iran and the United States to avoid military confrontation that would spill over to the rest of the region.

Merz

Merz courts Gulf as Germany seeks energy alternatives to US, China

Berlin is seeking to capitalize on ties with Gulf energy giants as relations with the United States have cooled amid strains over transatlantic defense commitments, Washington’s pursuit of Greenland and tariffs.

Platform Edith, the largest of Chevron's USA's offshore production platforms, is seen off the southern California coast, on Oct. 6, 2021.

Syria to develop first offshore oil, gas field with US’s Chevron, Qatar’s UCC

In 2013, Russian firm Soyuzneftegaz signed a deal to explore for oil and gas in Syrian waters, but the project was dropped two years later due to the civil war.

A woman checks a window shop at a jewelry store in Dubai, on March 10, 2025.

Gulf markets recover after gold rout, buoyed by Iran de-escalation hopes

Saudi Arabia’s benchmark stock index, TASI, rose 1.4%, a day after falling the most in nearly 10 months amid a broad sell-off in the commodities market.

United Arab Emirates