Business
Aramco's $67.2bn Half Year Was Built on a Supply Shock
Profit rose 29 percent as Hormuz disruption pushed crude to $108 a barrel in the second quarter. The number says more about the strait than about the company.
Aug 6, 2026
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11 stories for“crude oil price 2026”
Business
Oil Is Back Near $100, but the Outlook Splits Between Shipping Risk and Weak Demand
Brent's renewed jump toward $100 reflects Middle East shipping danger, while IEA and EIA forecasts point to demand destruction and lower prices if supply routes normalize.
Jul 25, 2026
Business
Oil Is Flowing Again, but the Fuel Market Is Still Far From Normal
Crude shipments through the Gulf have recovered sharply, yet refineries and fuel supply remain constrained. That gap explains why cheaper oil may not quickly reach consumers.
Jul 31, 2026
Business
The Gulf Was Forecast a Terrible Year. Brent Is at 84 Dollars
Early in the conflict the projections ran to 150 dollar oil and contracting Gulf economies. Halfway through August the numbers are less dramatic and more interesting than either the panic or the relief.
Aug 16, 2026
Business
Red Sea Tanker Attacks Push Oil Above $96 a Barrel
Houthi claims against two Saudi tankers have exposed the weakness in plans to bypass Hormuz, sending Brent higher as two vital shipping routes face risk.
Jul 23, 2026
Business
The Strait of Hormuz Has Been Shut for Almost Six Months. Oil Is at $93, Not $200, and That Gap Is the Story.
A potential war is the wrong frame. Fighting began on 28 February and the strait closed on 4 March. The economic damage is real and measurable, and it is far smaller than the forecasts issued in the first month, for reasons worth understanding.
Aug 22, 2026
Business
Why the Gulf Economy Held When the Region Didn't
A war that closed the Strait of Hormuz and hit every GCC state should have broken the region's economics. Reserves and diversification kept it standing.
Jul 16, 2026
Business
Oil Below $100 Still Leaves Central Banks With a Difficult Week
Energy prices have eased from their sharpest fears, but the Fed, Bank of England and Bank of Japan still face inflation signals pulling against softer growth.
Jul 28, 2026
Business
The Gulf's Next Decade Will Be Decided by Capital, Not Barrels
Roughly six trillion dollars of sovereign wealth now sits behind the region's funds. What that money buys, and where it is deployed, matters more to the next ten years than the oil price does.
Aug 8, 2026
Business
The UAE Now Earns Four Fifths of Its Economy Outside Oil
Non-oil activity reached 79.4 percent of national output in the first quarter, growing at 4.8 percent while the overall economy grew 3. The gap between those figures is the story.
Aug 6, 2026
Travel
Gulf Aviation Is Heading for a $4.3 Billion Loss, and the Airspace Advisory Still Runs to 31 August
Middle East carriers earned 7.2 billion dollars in 2025 and are forecast to lose 4.3 billion this year. Emirates is flying at three quarters of capacity, jet fuel is up nearly half, and European regulators still advise avoiding four countries' airspace.
Aug 22, 2026
