MIDDLE EAST ECONOMY

Mohammed al-Farah, a member of the political bureau of the Houthi movement, said Yemen's armed forces were prepared to close the Bab el-Mandeb Strait if Saudi Arabia continued military operations against Yemen.

Though sanctions on Iranian oil exports have been waived as part of the ceasefire deal with the U.S., Tehran could face not having any interested buyers.

Ships moving through the Strait of Hormuz are now subject to a multi-tiered clearance process by Iran's Islamic Revolutionary Guard Corps, which can include affiliation checks, inspections, and diplomatic intervention, according to a new report.

While sanctions and inflation already battered the Iranian economy before the war with the United States and Israel, the conflict has pushed millions of Iranians closer to unemployment and poverty, according to a new report.

Mounting geopolitical tensions are amplifying Iran's economic instability, with ripple effects expected across global energy markets.

Treasury Secretary Scott Bessent said that the United States will "retake control" of the Strait of Hormuz over time, to restore freedom of navigation through one of the world's most critical energy chokepoints.

Treasury Secretary Scott Bessent said that the Trump administration is considering temporarily lifting sanctions on roughly 140 million barrels of Iranian crude already sitting on tankers at sea.

Oil prices tumbled by roughly $10 a barrel then rebounded by about $11 from intraday lows, with Brent crude trading back around the $90 mark.

U.S. crude oil prices surged past $80 per barrel this week as escalating military conflict involving Iran disrupted global energy supply chains.

Sultan Ahmed Bin Sulayem has resigned as CEO of Dubai-based company, DP World, after being exposed as having been involved in a disturbing email exchange with late sex trafficker, Jeffrey Epstein.

Mohammed discerns two of the most common types of businesses entering Saudi Arabia: those invited by the government and smaller investors looking to join the market.

A key natural gas facility resumes production as energy providers in Egypt breathe a sigh of relief.

At Davos, Saudi Arabia says curbing oil dependency a priority

Anonymous shared a plethora of tips and tricks on how to connect to blocked services, connect to DNS servers, how to stay anonymous, among others, to help Iranians.