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Saudi Arabia

August 5, 2026

Riyadh 11:27 pm

36°C

Khaled ZIAD / AFP via Getty Images

Explainer

Iran-Oman deal spurs Hormuz hopes as Red Sea threats evolve

Iran has signaled that an agreement was reached with Oman establishing a Hormuz shipping route even as Houthi attacks in the Red Sea expand.

SAEED KHAN / AFP via Getty Images

Oil falls 5% after Trump calls off Iran strikes, says Hormuz deal agreed

Oil prices fell after President Donald Trump said on Sunday that he had suspended planned strikes on Iran following a request from Tehran and other Middle Eastern countries.

Sudan's de facto leader and armed forces chief Abdel Fattah al-Burhan greets supporters in Port Sudan, Dec. 29, 2024.

Analysis

Amid realignment with Egypt, Turkey steps up support for Sudan’s Burhan

Turkey has been intensifying engagement with the Sudanese army leader as Red Sea security concerns grow and to protect its interests in the broader Africa region.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Latest News

Analysis

How strike on Damietta port exposes Egypt's energy infrastructure risks

An Egyptian man looks at the Qatari Liquefied Natural Gas (LNG) carrier "Duhail" as its passes through the Suez Canal near the Egyptian port city of Ismailia on April 1, 2008. The vessel has a capacity of 210,100 cu.m making it one of the largest LNG carriers constructed to date. AFP PHOTO/STR (Photo credit should read -/AFP via Getty Images)

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Turkey, Pakistan among 14 countries backing Saudi Arabia's anti-Houthi Red Sea alliance

A Saudi navy ship is pictured docked at King Faisal navy base in Jeddah before the departure of a team to Port Sudan to help with the evacuation efforts of people fleeing Sudan, on April 29, 2023.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

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

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Muslims perform the morning prayer around the Kaaba at the Grand Mosque in Saudi Arabia's holy city of Mecca, early on March 30, 2025.

Culture

In photos: Muslims celebrate Eid el-Fitr across the Middle East

Muslims in the Middle East came together on Sunday and Monday to celebrate the end of Ramadan.

A protestor waves a Turkish flag in front of riot police during a rally in support of Istanbul's arrested mayor in Istanbul, March 24, 2025.

Analysis

Turkey turmoil tests Gulf investors as crackdown fuels market unease

Improved relations with Saudi Arabia and the United Arab Emirates had raised Ankara's hopes for a dealmaking boom, but the arrest of Istanbul's mayor could jeopardize it.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Jared Kushner, founder and CEO of Affinity Partners, and Steve Witkoff, US Middle East envoy, during a panel discussion at the FII Priority summit, Miami Beach, Feb. 20, 2025.

UAE, Qatar investments fuel Jared Kushner's firm assets to $4.8 billion

Commitments from Abu Dhabi–based asset manager Lunate and the Qatar Investment Authority, the sovereign wealth fund, increased Affinity’s assets by $1.5 billion over a year.

United Arab Emirates

US President Donald Trump announces tariffs on auto imports in the Oval Office of the White House in Washington, on March 26, 2025.

Gulf markets dip after Trump announces 25% automotive tariffs

Donald Trump announced on Wednesday 25% tariffs on imported cars and light trucks entering the United States, set to take effect on April 2, further fueling the ongoing trade war and contributing to market volatility.

Solitaire Riyadh

Culture

AL-Monitor Riyadh: Explore Saudi tradition at Fanajil Exhibit

Men inspect an electric car at a showroom in Riyadh, on June 8, 2024.

Tesla to launch in Saudi Arabia next month as Musk-PIF tension cools

Tesla said it would hold a launch event in Riyadh on April 10 to display its electric vehicles and other products, including solar energy solutions and battery technology.

Yasser Hassan

Exclusive

'Cloud First' policies give Saudi Arabia, UAE edge in AI race: Amazon exec

In March 2024, AWS announced plans to invest $5.3 billion in Saudi Arabia to launch a cloud infrastructure region in the kingdom by 2026.

In Bristol, reporting on regional business, climate change, AI, tech

JAX 01.

Culture

AL-Monitor Riyadh: The Saudi capital prepares for inaugural Riyadh Art Week

This handout screen grab captured from a video shows Houthi fighters' takeover of the Galaxy Leader Cargo on the Red Sea coast off Hudaydah, Yemen, Nov. 20, 2023.

Analysis

Wary of Houthis, Gulf states fear blowback of US escalation in Yemen

The Houthis' identification with the Gaza conflict has also made it complicated for Gulf states to participate in operations against the group.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

In this handout image provided by the UK Ministry of Defence, a Royal Air Force Typhoon FRG4s is being prepared to conduct further strikes against Houthi military targets in Yemen at RAF Akrotiri on Feb. 3, 2024 in Akrotiri, Cyprus.

US strikes on Yemen's Houthis, China stimulus drive surge in oil prices

Brent crude was up 1.3% to $71.53 a barrel on Monday morning compared to close on Sunday.

NYSE

Analysis

US stock plunge poses dilemmas for Gulf investors while exposing PIF, Mubadala risks

Middle East investors are bracing for steep losses and questioning about their long-term investments in America amid a drop in the US stock market.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Participants arrive to attend the annual Future Investment Initiative (FII) conference in Riyadh on Oct. 29, 2024.

UAE, Egypt, Saudi Arabia finance startups lead Forbes Middle East Fintech50

Some 119 fintech startups across the Middle East and North Africa raised $700 million in 2024, accounting for 30% of the total MENA startup funding for last year.