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
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13 stories for“strait of hormuz closure”
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
The Strait Reopens Every Few Weeks in the Headlines and Six Ships a Day in the Data
Day 187 brought more reporting on efforts to reopen the Strait of Hormuz. The transit count on the latest published day was six, against a pre-war baseline of about 85 a day, and the market puts one percent odds on normal traffic by 15 September.
Sep 4, 2026
Latest Trends
Putin Hosts Iran's President and Qatar's Emir in Moscow as Iran Says a Tanker Hit Mines Near Hormuz
Pezeshkian told Putin the region can solve its problems without the US, Putin backed Qatar's mediation, and Iran's army said a tanker was damaged crossing a zone Tehran had not authorised.
Oct 27, 2026
Business
Two Filipino Seafarers Were Killed on a Tanker in Hormuz, and the Retaliation Reached Kermanshah
The Saudi carrier Bahri says two crew died in a security incident aboard the SIDR while transiting the strait on 31 August. Iran says four IRGC aerospace personnel were killed in United States strikes days later.
Sep 5, 2026
Business
A Tanker Took Three Projectiles in the Strait, and This Time the Traffic Data Moved
Brent topped 92 dollars on Tuesday, up from just over 88 at Monday's close. A tanker was hit crossing the Strait of Hormuz on Monday by three unknown projectiles, and transits through the channel fell to 107 in the week to 30 August from 121.
Sep 1, 2026
Latest Trends
A Houthi Missile Was Shot Down Over Riyadh at Dawn, the First Alert There Since July, as Saudi Crude Went Through Hormuz
Smoke rose from a fuel depot by King Khalid airport and the coalition said nobody was hurt. Bisha, Taif, Farasan and Yanbu were targeted the same morning. Trump says he would meet Pezeshkian in New York; Iran says it knows of a planned attack.
Sep 22, 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
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
Travel
The World's Tourists Went Somewhere Else This Year, and the Gulf Is Counting the Difference
UN Tourism has global arrivals up two per cent in the first quarter and Middle East arrivals down fourteen. Bahrain lost more than a quarter of its visitors. Egypt, three hours away, gained sixteen per cent.
Aug 26, 2026
Business
G7 Leaders Agreed to Release 100 Million Barrels From Reserves, With Diesel Front-Loaded Into the First 20 Days
The G7 pledged to release 100 million barrels of diesel and crude over four months and not to ban fuel exports, as diesel hits record prices during the Iran war.
Oct 2, 2026
Latest Trends
The Exchange Stopped Being Between Two Countries and Started Landing in Four Others
American strikes on Revolutionary Guard sites drew missile and drone retaliation aimed at American assets in Bahrain, Jordan, Kuwait and Iraq. Iranian officials report at least eleven dead, including five at a wedding in the south.
Sep 2, 2026
Latest Trends
Italy Sends 500 Troops to Milan and Rewrites Protest Law After a Weekend of Rioting
Meloni's cabinet approved a new protest offence, fines of up to 20,000 euros and detention powers for 14 to 17 year olds, but stopped short of giving soldiers policing powers.
Oct 21, 2026
