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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

Posters depicting Qatar's former Emir Sheikh Hamad bin Khalifa al-Thani (R) and Emir of Qatar Tamim bin Hamad al-Thani (L) are seen on a building as a Palestinian man holding his son waves during the opening ceremony of Qatari-funded construction project "Hamad City", in Khan Younis in the southern Gaza Strip January 16, 2016. REUTERS/Ibraheem Abu Mustafa - RTX22NS9

Gazans rejoice as Qatar vows to pay one month of full salaries

Qatar has announced that it will provide about $31 million to the Gaza Strip, enough to cover one month's salary for Gaza's civil servants, who hope the aid will bypass the banks to avoid deductions for outstanding debts.

Senior Hamas leader Ismail Haniyeh (R) shakes hands with Palestinian Prime Minister Rami Hamdallah at Haniyeh's house in Gaza City October 9, 2014. Hamdallah arrived in the Hamas-dominated Gaza Strip on Thursday and convened the first meeting of a unity government there since a brief civil war in 2007 between Hamas and forces loyal to the Fatah party. REUTERS/Ibraheem Abu Mustafa (GAZA - Tags: POLITICS CIVIL UNREST) - RTR49J7M

Did Egypt obstruct Qatar's efforts for Fatah-Hamas reconciliation?

The latest Palestinian reconciliation efforts between Fatah and Hamas hosted by Qatar have failed, but the reason may have come from outside the talks.

Qatar Sheikh Tamim bin Hamad al Thani attends the opening meeting of the Arab Summit in Sharm el-Sheikh, in the South Sinai governorate, south of Cairo, March 28, 2015. Arab League heads of state are holding a two-day summit to discuss a range of conflicts in the region, including Yemen and Libya, as well as the threat posed by Islamic State militants. REUTERS/Amr Abdallah Dalsh - RTR4V93X

Can Saudis ease Egypt-Qatar tension after Al Jazeera death sentences?

Saudis want to bridge the divide between Qatar and Egypt so that its Sunni coalition can focus on Iran.

Why are some Palestinians upset over Nakba commemoration?

The organizers of this year's Nakba commemorations faced harsh criticism for their celebratory events on what is typically a solemn occasion.

Erdogan, Davutoglu shed tears for Gaza, but do little else

Turkey as well as the oil-rich Gulf states have still not fulfilled their pledges to help with the reconstruction and development of Gaza.

Saudi-Iran rivalry spills into UN Human Rights Council

While Iran was unhappy with the renewal of Ahmed Shaheed’s mandate as special rapporteur for Iran, it appears to be even more irritated over how Saudi Arabia, the UAE and Qatar voted in favor of the measure at the UN Human Rights Council.

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

How united is the GCC?

While Gulf states may all be united under the Gulf Cooperation Council name, their individual policies on foreign intervention vary greatly.

Why Iran wants Hamas to apologize

Hamas representatives remain busy trying to repair relations with Egypt and Iran while not offending anyone in the Gulf.

Iranian Revolutionary Guard Commander Qassem Soleimani (L) stands at the frontline during offensive operations against Islamic State militants in the town of Tal Ksaiba in Salahuddin province March 8, 2015. Picture taken March 8, 2015. REUTERS/Stringer (IRAQ - Tags: CIVIL UNREST CONFLICT POLITICS) - RTR4TTZ2

Qasem Soleimani defends Hezbollah

In a rare speech, the head of Iran's Quds Force defended his country against accusations that it might be looking for trouble in the region.

How far will the Saudis go against Hezbollah?

With Saudi Arabia labeling Hezbollah a terrorist organization, a decision that was endorsed by the GCC, the kingdom hopes to legally pursue the Lebanese movement in international forums.

A U.S. Air Force F-15E Strike Eagle takes off from Aviano Air Base, Italy, for an air strike mission in support of NATO Operation Allied Force, March 28. Operation Allied Force is the air operation against targets in the Federal Republic of Yugoslavia. - RTXIW23

Will Congress pick Qatar over Israel?

To the chagrin of Israel, lawmakers of both parties want the Obama administration to go through with jet sales to Gulf countries.

Palestinian Hamas militants stand guard during a rally in memory of their seven comrades, who were killed when a tunnel collapsed close to the Gaza Strip's eastern border with Israel, in the east of Gaza City January 31, 2016. REUTERS/Mohammed Salem - RTX24TSC

Hamas drags feet on choosing between Iran, Saudi Arabia

Since the Gulf Cooperation Council decided to label Hezbollah a terrorist organization, Hamas has remained silent and refrained from taking sides so as not to endanger its regional relations.