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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

U.S. Secretary of State Mike Pompeo (L) meets with Saudi Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia January 14, 2019. Andrew Caballero-Reynolds/Pool via REUTERS - RC1E4A498AC0

Saudis’ troubled ties in region threaten Trump's anti-Iran agenda

The Trump administration is tightening the screws on Iran, but Saudi Arabia, Iran's archnemesis, may not be of help drumming up support for the US policy given the state of its current relations in the Arab world.

Qatar seeks to cement truce between Israel, Gaza factions

Qatar has mediated, along with Egypt and the UN, a cease-fire ending the latest round of hostilities between Israel and Palestinian factions in the Gaza Strip, after which it pledged to provide $480 million in support of Palestinians.

Omani Foreign Minister Yusuf bin Alawi bin Abdullah listens, alongside Omani Ambassador to the U.S. Hunaina Sultan Al-Mughairy, as U.S. Secretary of State Mike Pompeo (not pictured) speaks while attending a Gulf Cooperation Council summit on the sidelines of the United Nations General Assembly in New York City, U.S. September 28, 2018. REUTERS/Darren Ornitz - RC128EDE5A50

Interview

Yemen war 'does not serve any party' says Oman’s ambassador to US

Omani ambassador to Washington Hunaina Al-Mughairy spoke to Al-Monitor about US-Omani ties, her country's stance on Yemen, Mideast peace and the latest Washington-Tehran tensions.

Kuwaiti candidate and former parliament speaker Marzouq al-Ghanem speaks during a campaign rally in Kuwait City on November 22, 2016.
During the past decade, the parliament in the desert emirate has been dissolved five times by the emir due to political disputes and twice by courts over procedural flaws. The most recent occasion the emir exercised those powers was last month when he called a snap election following a crisis over petrol price hikes. / AFP / Yasser Al-Zayyat (Photo credit should read

Russia, Kuwait discuss common ground in regional conflicts

Russia embraces yet another US ally in the Gulf as Moscow seeks partners for its "inclusive collective security architecture" in the Middle East.

Qatar's Emir Sheikh Tamim bin Hamad al-Thani speaks to the country's consultative Shoura council in Doha, Qatar, November 6, 2018. Qatar News Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC1FF5F57E20

Qatar’s first elections since 2017 reveal unexpected impact of GCC crisis

Turnout in the Qatari municipal elections has declined, suggesting a Qatari citizenry that is slightly less engaged in the formal political process in the wake of the GCC crisis.

Iran's Supreme Leader Ayatollah Ali Khamenei delivers a speech during a ceremony marking the death anniversary of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini, in Tehran, Iran, June 4, 2017. TIMA via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RC16ADBF0A50

Iran leadership shrugs off US oil sanctions, pledges response

Iran's supreme leader says the US plan to cap the flow of his country's oil will lead nowhere, pledging a "response to the US hostility."

Oman’s rising diplomatic role in Yemen met with mixed reaction in GCC

Oman's strategy of constructive engagement with the Houthis has been met with pushback from Saudi Arabia and the UAE.

Qatar boosts its influence in Gaza

As Qatar works to alleviate the living conditions plaguing Palestinians due to the blockade, it also seeks to achieve greater influence in the Palestinian territories.

A man walks past a currency exchange bureau advertisement showing images of the U.S. dollar and other currencies in Cairo, Egypt, April 2, 2019. REUTERS/Mohamed Abd El Ghany - RC1BF9442E80

Is debt answer to Middle East economic troubles?

The forecast for growth across the Middle East and North Africa is bleak. Unfortunately for the regions, heavy debt appears to be one way out.

Palestinians take part in a rally marking the 31st anniversary of Hamas' founding, in Gaza City December 16, 2018. REUTERS/Ibraheem Abu Mustafa - RC1AF0B233A0

Will Hamas be partner to Trump’s Mideast plan?

Some see recent Israeli moves involving Gaza as part of a chess match having to do with President Donald Trump's reported "deal of the century" peace plan.

Netanyahu acting responsibly against calls for Gaza war

Despite calls for a military operation from critics, Prime Minister Benjamin Netanyahu has acted responsibly in refusing to engage in another Gaza war.

New bollard-style U.S.-Mexico border fencing is seen next to vehicle barriers in Santa Teresa, New Mexico, U.S., March 5, 2019. Picture taken March 5, 2019. REUTERS/Lucy Nicholson TPX IMAGES OF THE DAY - RC16D209A700

Border wall fight could jeopardize funding for US bases in the Middle East

The fight over funding for President Donald Trump’s proposed border wall could impact key US bases in the Middle East.

United Arab Emirates