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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

Loading docks at the port of Libya's northwestern city of Misrata during a ceremony marking the completion of the first phase of the Misrata Free Zone project, on June 25, 2022.

Qatari, Swiss firms to invest $2.7B in Libya's Misrata port: What to know

Libya is seeking to increase its non-oil shipping capacity amid rising oil production and signs of both economic progress and turmoil.

Somali Defense Minister Ahmed Moallim Fiqi and Qatar’s Deputy Prime Minister and Minister of State for Defense Affairs, Sheikh Saoud bin Abdulrahman bin Hassan Al Thani, meet on the sidelines of the Doha International Maritime Defense Exhibition and Conference (DIMDEX2026), Jan. 20, 2026.

Somalia, Qatar sign defense pact after Mogadishu scraps UAE deals: What to know

Somalia and Qatar signed a defense cooperation agreement in Doha on Monday to strengthen bilateral military ties and security collaboration, days after Mogadishu ended all its contracts with the United Arab Emirates.

Members of the Petroleum Oils and Lubricants squadron at the 379th Air Expeditionary Wing take a break from replacing a 50,000-gallon fuel bladder in support of Operation Enduring Freedom, on Dec. 30, 2002, in Al Udeid, Qatar.

US evacuates some personnel from Qatar air base amid Trump threat to strike Iran

Iran's Defense Minister Aziz Nasirzadeh warned Tuesday that Tehran will retaliate for any attacks on the country.

A Patriot missile battery is seen near Prince Sultan air base at al-Kharj on Feb. 20, 2020.

CENTCOM opens air defense cell at Qatar's Al Udeid base: What to know

Bringing together military officers from regional countries to coordinate air and missile defense marks a nascent step in CENTCOM’s decades-long push to diplomatically facilitate air defense cooperation between Gulf states against Iran.

Venezuelan President Nicolas Maduro (R) gestures next to Qatar's Emir Sheikh Tamim bin Hamad al-Thani (L) during a meeting at the Miraflores presidential palace in Caracas on November 25, 2015. AFP PHOTO/JUAN BARRETO / AFP / JUAN BARRETO (Photo credit should read JUAN BARRETO/AFP via Getty Images)

Analysis

With central role for Qatar, can Gulf states mediate between US and Venezuela?

Venezuela's ties improved with Gulf states under Maduro, and some in the region voiced concern about the US operation.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Yasir Al-Rumayyan, head of the Public Investment Fund, Saudi Arabia's influential sovereign wealth fund, addresses the opening ceremony of the Future Investment Initiative, in Riyadh, on Oct. 28, 2025.

Gulf accounted for 43% of global sovereign wealth fund investment in 2025

Saudi Arabia's Public Investment Fund was the world's highest spending sovereign wealth fund in 2025, investing some $36.2 billion.

Guests stand at the booth of Saudi AI company Humain during the Future Investment Initiative conference in Riyadh on Oct. 29, 2025.

Analysis

Middle East adapts to Trump’s tech agenda as Gulf AI gamble grows in 2025

This year saw a wave of dealmaking across data centers, chips, critical minerals and AI collaboration as Saudi Arabia, Qatar and the UAE eagerly aligned with President Trump’s tech agenda amid sharp swings in US foreign policy.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech