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Current price of oil as of June 16, 2026

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'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

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Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

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Current price of oil as of June 16, 2026

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'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

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Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
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Middle East

Fortune Gulf Brief is Fortune's weekly Tuesday newsletter covering business, investment, and economic trends across the Middle East, written by Fortune writer Melissa Hancock. It delivers expert analysis on the deals, leaders, and policies shaping the GCC region for global executives. Sign up here.
The art of the bail: Iran got what it wanted. Did the U.S.? Everyone is judging Trump’s MIA MOU
The art of the bail: Iran got what it wanted. Did the U.S.? Everyone is judging Trump’s MIA MOU

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 17, 2026
Vessels lie at anchor in the Strait of Hormuz off Iran's coast.
Filling up your car won’t feel normal until next summer, S&P says
By Tristan BoveJune 16, 2026
trump
Iran, Trump have a common problem in their deal to end the war: Israel
By Jon Gambrell, Sam Metz, Samy Magdy and The Associated PressJune 16, 2026
U.S.-Iran interim deal: What could a Gulf bounce back look like?
U.S.-Iran interim deal: What could a Gulf bounce back look like?
By Melissa HancockJune 16, 2026
Gulf private credit opportunities shine amid global volatility 
Gulf private credit opportunities shine amid global volatility 
By Melissa HancockJune 16, 2026
The jet fuel crisis never existed, sources say
The jet fuel crisis never existed, sources say
By Jim EdwardsJune 16, 2026
Latest Stories
The global under-16 social media ban Is no longer a fringe policy
EuropeThe global under-16 social media ban Is no longer a fringe policy
By The Associated PressJune 17, 2026
retail
EconomyAmericans are still spending their tax refunds — for now, as retail sales jump in May
By Anne D'Innocenzio and The Associated PressJune 17, 2026
carney
Economy‘I wouldn’t see it as a snub’: Canada insists there’s nothing behind the lack of a Trump-Carney meeting
By Rob Gillies and The Associated PressJune 17, 2026
warsh
EconomyKevin Warsh spent a year calling for rate cuts. Now he’ll have to explain why he can’t
By The Associated Press and Christopher RugaberJune 17, 2026
y
Arts & EntertainmentMeet the YouTubers remaking Hollywood, one Gen Z box-office smash at a time
By The Associated PressJune 17, 2026
Current price of Bitcoin for June 17, 2026
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By Joseph HostetlerJune 17, 2026
Current price of Ethereum for June 17, 2026
Personal FinanceCurrent price of Ethereum for June 17, 2026
By Joseph HostetlerJune 17, 2026
Current price of gold as of June 17, 2026
Personal FinanceCurrent price of gold as of June 17, 2026
By Danny BakstJune 17, 2026
More Middle East
The Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
EnergyThe Strait of Hormuz is finally reopening, but energy flows may not get back to normal until next year
By Jason MaJune 15, 2026
Google CEO Sundar Pichai
Big TechHundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
Iran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’
EconomyIran emerges from war with its economy in free fall and inflation on some food items above 400%. If the regime doesn’t fix it, ‘there will be trouble’
By Jason MaJune 15, 2026
wh
Middle EastThe U.S. says Iran will give up its uranium. Iran says it won’t. They’re due to sign a deal on Friday
By Munir Ahmed, Will Weissert, Sam Mednick and The Associated PressJune 15, 2026
Trump gets the peace deal he wants and rages against Israel’s Netanyahu: ‘He has no f—ing judgement. I let him know that’
EconomyTrump gets the peace deal he wants and rages against Israel’s Netanyahu: ‘He has no f—ing judgement. I let him know that’
By Jim EdwardsJune 15, 2026
Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and ‘I never cared about regime change’
EnergyMarkets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and ‘I never cared about regime change’
By Jason MaJune 14, 2026
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
EnergyOil and gas supplies could take months to return to normal after Iran deal, energy experts say
By Cathy Bussewitz and The Associated PressJune 14, 2026
Trump says a deal has been reached with Iran and orders end to U.S. naval blockade as Hormuz to reopen — ‘Ships of the World, start your engines’
PoliticsTrump says a deal has been reached with Iran and orders end to U.S. naval blockade as Hormuz to reopen — ‘Ships of the World, start your engines’
By Julia Frankel, Abby Sewell, Munir Ahmed, Will Weissert and The Associated PressJune 14, 2026
Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world’s top superpower can at least punch open a hole
EnergyIran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world’s top superpower can at least punch open a hole
By Jason MaJune 14, 2026
Trump warns Israel and Iran not to ‘blow it’ after new strikes threaten ceasefire deal that he says will bring  peace to Lebanon
Middle EastTrump warns Israel and Iran not to ‘blow it’ after new strikes threaten ceasefire deal that he says will bring peace to Lebanon
By Julia Frankel, Abby Sewell, Munir Ahmed, Samy Magdy and The Associated PressJune 14, 2026
Israel strikes Hezbollah targets in Beirut, potentially complicating efforts to finalize a deal to end the U.S.-Iran war
Middle EastIsrael strikes Hezbollah targets in Beirut, potentially complicating efforts to finalize a deal to end the U.S.-Iran war
By Julia Frankel, Abby Sewell, Munir Ahmed, Samy Magdy and The Associated PressJune 14, 2026
Trump expects to sign a deal with Iran on Sunday, but Tehran may want to avoid giving him a gift on his birthday
Middle EastTrump expects to sign a deal with Iran on Sunday, but Tehran may want to avoid giving him a gift on his birthday
By Jason MaJune 13, 2026
Trump says he’ll sign deal with Iran to reopen Hormuz Sunday
PoliticsTrump says he’ll sign deal with Iran to reopen Hormuz Sunday
By Arsalan Shahla, Maria Paula Mijares Torres and BloombergJune 13, 2026
Trump to talk with allies at G7 summit in the coming week about removing mines from the Strait of Hormuz as deal to end Iran war nears
PoliticsTrump to talk with allies at G7 summit in the coming week about removing mines from the Strait of Hormuz as deal to end Iran war nears
By Munir Ahmed, Samy Magdy, Aamer Madhani and The Associated PressJune 13, 2026
A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’
Middle EastA deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’
By The Associated PressJune 13, 2026
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
EnergyU.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
By Jordan BlumJune 12, 2026
Elon Musk
InvestingWhen SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all
By Jim EdwardsJune 12, 2026
T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price
EconomyT-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price
By Jim EdwardsJune 11, 2026
A man guides a ship in the water.
EnergyAnalysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
Saudi economy redraws ambitions—‘going local’ is the new buzz phrase 
Middle EastSaudi economy redraws ambitions—‘going local’ is the new buzz phrase 
By Melissa HancockJune 10, 2026
The Gulf states are betting big on AI: who’s investing where?
Middle EastThe Gulf states are betting big on AI: who’s investing where?
By Melissa HancockJune 9, 2026
SpaceX IPO means more to the Gulf than you might expect
NewslettersSpaceX IPO means more to the Gulf than you might expect
By Melissa HancockJune 9, 2026
‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO
AI‘We expect it to leak’: OpenAI is frontrunning the narrative around its $1 trillion IPO
By Jim EdwardsJune 9, 2026
The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
EnergyThe global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
By Marco Quiroz-GutierrezJune 8, 2026
Pope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants
PoliticsPope Leo receives seven-minute standing ovation after calling for the public’s ‘moral renewal’ to respect migrants
By The Associated Press, Suman Naishadham and Nicole WinfieldJune 8, 2026
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
Economy‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
Iran fires missiles at Israel in first such bombardment since ceasefire as Trump says ‘I’m not happy about’ Israeli strikes on Lebanon
Middle EastIran fires missiles at Israel in first such bombardment since ceasefire as Trump says ‘I’m not happy about’ Israeli strikes on Lebanon
By Kareem Chehayeb, Samy Magdy, Melanie Lidman and The Associated PressJune 7, 2026
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
EnergyThe Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
By Jason MaJune 6, 2026
Why oil’s not at $200 after the biggest supply shock in history
EnergyWhy oil’s not at $200 after the biggest supply shock in history
By Devika Krishna Kumar, Alex Longley, Yongchang Chin, Mia Gindis and BloombergJune 6, 2026
denton
CommentaryICC Secretary General: The Hormuz clock that matters isn’t diplomatic — it’s agricultural
By John W.H. Denton AOJune 6, 2026
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Personal Finance
Current price of oil as of June 16, 2026placeholder alt text
By Joseph HostetlerJune 16, 2026
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dreamplaceholder alt text
By Nick LichtenbergJune 16, 2026
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceXplaceholder alt text
By Marco Quiroz-GutierrezJune 16, 2026
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