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July 26, 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 member of the Islamist Syrian opposition group Ahrar al-Sham fires against a position of the Committees for the Protection of the Kurdish People (YPG), a militia set up to protect Kurdish areas in Syria from opposing forces, during clashes in the countryside of the northern Syrian Raqqa province on August 25, 2013. Syrian Foreign Minister Walid Muallem said on August 27 the UN mission investigating alleged chemical weapons attacks in Damascus has been delayed until the following after rebels failed to gu

Complex deal frees kidnapped Qatari royals, two Saudis

Various versions of a recent hostage deal are circulating that include, potentially, political motivations, millions of dollars in ransom, exchanged military prisoners and relocated civilians.

A Palestinian woman walks past Gaza's power station in the Gaza Strip March 15, 2014. The Gaza Strip's sole power station stopped generating electricity on Saturday, causing blackouts throughout the territory after it ran out of fuel, officials said. Gaza lacks much basic civil infrastructure and lives under an Egyptian-Israeli blockade meant to cut off arms flows but which also curbs imports of fuel and building supplies. REUTERS/Ibraheem Abu Mustafa (GAZA - Tags: POLITICS CIVIL UNREST ENERGY) - RTR3H86Y

Israel warns that Gaza will face power supply crisis

An Israeli major general has said that Gaza will face an imminent humanitarian crisis because of a shortage of diesel fuel that is needed to run its only power station.

Why was deal to evacuate Syrian towns brokered by Qatar and Iran?

A deal brokered by Qatar and Iran that ignores Turkey and Russia — the largest respective sponsors of the opposition and the regime in Syria — threatens to derail broader peace talks aimed at ending the tragic civil war.

(front R-L) Yemen's President Abd-Rabbu Mansour Hadi, Palestinian President Mahmoud Abbas, Djibouti's President Ismail Omar Guelleh, Qatari Emir Sheikh Tamim bin Hamad al-Thani, Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah, Jordan's King Abdullah II, Saudi Arabia's King Salman bin Abdulaziz Al Saud, Bahrain's King Hamad bin Isa Al Khalifa, Sudan's President Omar Al Bashir, Egypt's President Abdel Fattah al-Sisi, and Mauritania's President Mohamed Ould Abdel Aziz pose for a group photograph during the 28t

Ineptitude meets low altitude at Arab League summit

Few major breakthroughs were reached at this year's Arab League Summit held in Jordan.

PA, Jordan compete for aid at Arab League Summit

Both the Palestinian and Jordanian governments took advantage of the Arab League Summit in Amman to present their cases for why they deserve more financial aid from the rich Gulf countries.

Turkey's Prime Minister Tayyip Erdogan (C) cuts the ribbon during the opening ceremony of the new building of the Turkish Embassy in Doha December 4, 2013. REUTERS/Mohammed Dabbous (QATAR - Tags: POLITICS) - RTX163FZ

Why Qatar and Turkey are becoming an item

Turkey and Qatar are working to extend their relations beyond the friendship of the countries' leaders to address their shared uncertainties about the new US administration, security threats and the growing regional influence of Iran and Russia.

Iranian Foreign Minister Mohammad Javad Zarif delivers his speech during the 53rd Munich Security Conference in Munich, Germany, February 19, 2017. REUTERS/Michaela Rehle - RTSZC11

Zarif visits Qatar as Iran, Saudi Arabia continue hajj talks

Iran’s Foreign Minister Mohammad Javad Zarif traveled to Qatar to discuss bilateral relations after a flurry of diplomatic activity recently between Iran and Gulf Cooperation Council member states.

Secretary-General of the Gulf Cooperation Council (GCC) Abdullatif bin Rashid Al Zayani, Kuwait's Foreign Minister Sheikh Sabah al Khalid al Sabah, Qatar's Foreign Minister Khaled al-Attiyah, Oman's Foreign Minister Yusuf bin Alawi bin Abdullah, Saudi Arabia's Foreign Minister Adel al-Jubeir, Bahrain's Foreign Minister Khalid bin Ahmed Al Khalifa and UAE'S Foreign Minister Abdullah bin Zayed Al Nahyan (L-R) pose for a group photo during an extraordinary meeting in Riyadh January 9, 2016. REUTERS/Faisal Al N

Gulf countries take back seat on Syria route

It seems Saudi Arabia is more interested in Yemen than in Syria these days, which explains dwindling Gulf support for Syrian rebels.

Why GCC has been silent on Trump's 'Muslim ban'

Gulf states have failed to criticize the Trump administration for its recent "Muslim ban" in an attempt to keep the new US administration on their side in light of the economic and security challenge the Gulf region faces.

Incoming Trump administration cabinet secretary nominees including Secretary of State nominee Rex Tillerson (L-R), Central Intelligence Agency (CIA) Director nominee Mike Pompeo and Defense Secretary nominee James Mattis arrive for meetings at the Eisenhower Executive Office Building at the White House in Washington, U.S. January 13, 2017. REUTERS/Jonathan Ernst - RTX2YUEZ

How will Trump’s anti-Muslim Brotherhood inner circle view Qatar?

While Qatar’s support for groups such as Hamas has caused tense ties with the United States in the past, Donald Trump’s presidency could create even more challenges for Qatar.

Saudi King Salman (R) meets Turkish Foreign Minister Mevlut Cavusoglu and Turkish Economy Minister Nihat Zeybekci (L) in Riyadh, Saudi Arabia October 13, 2016. Saudi Press Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. NO RESALES. NO ARCHIVE. - RTSS3FP

Is Gulf money really a lifesaver for Turkish economy?

Despite assertions of impending major Gulf investment in Turkey, Europe continues to provide the bulk of external funds in the country

Palestinian activist Mohammed al-Taluli (top), 25, chants slogans during a protest at the Jabalia refugee camp in the northern Gaza Strip on January 12, 2017, against the Palestinian enclave's ongoing electricity crisis.
The 25-year-old nicknamed Guevara because of his admiration of the Latin American revolutionary has returned to his home despite warnings that Hamas security forces were looking for him due to his role as an organiser of recent protests over severe electricity shortages.
/ AFP / Mohammed A

Gaza's electricity protests are bold sign of dissent

Qatar pledged to donate $12 million to help ease the Gaza Strip's electricity crisis, following a wave of massive protests against Hamas' ineffectual running of the electricity sector in the Strip.