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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Current price of oil as of September 1, 2026

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The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’

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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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Current price of oil as of September 1, 2026

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The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’
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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.
Saudi fires up Gulf AI race with $15 billion tech deals at LEAP 
Saudi fires up Gulf AI race with $15 billion tech deals at LEAP 

In this week’s Fortune Gulf Brief.

By Melissa HancockSeptember 2, 2026
War knocked Dubai’s airport traffic down 31%. Its CEO says its global hub ambitions haven’t changed
War knocked Dubai’s airport traffic down 31%. Its CEO says its global hub ambitions haven’t changed
By Inzamam RashidSeptember 1, 2026
Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz
Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz
By Jason MaAugust 30, 2026
New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests
New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests
By Jason MaAugust 29, 2026
Why Dubai has become a city of retail traders
Why Dubai has become a city of retail traders
By Inzamam RashidAugust 26, 2026
Trump’s pronouncements are triggering instant trades in the Middle East as UAE investors place bigger bets
Trump’s pronouncements are triggering instant trades in the Middle East as UAE investors place bigger bets
By Inzamam RashidAugust 25, 2026
Latest stories from Fortune
Suze Orman
Success
Despite being a multimillionaire, Suze Orman still cooks at home whenever possible—and says eating out is one of the biggest wastes of money
By Preston ForeSeptember 2, 2026
As Apple gets a new CEO in John Ternus, Tim Cook shares the 4 a.m. morning ritual he stuck by for 15 years in the top job
Success
As Apple gets a new CEO in John Ternus, Tim Cook shares the 4 a.m. morning ritual he stuck by for 15 years in the top job
By Emma BurleighSeptember 2, 2026
‘If you can’t beat ’em, eat ’em’: Italy is turning its hated invasive crab into a multimillion-dollar business
Environment
‘If you can’t beat ’em, eat ’em’: Italy is turning its hated invasive crab into a multimillion-dollar business
By Tatiana SatauaSeptember 2, 2026
From a German airport to a Polish drone factory fire, the EU confronts a wave of suspected Russian sabotage
Politics
From a German airport to a Polish drone factory fire, the EU confronts a wave of suspected Russian sabotage
By Lorne Cook and The Associated PressSeptember 2, 2026
Stan Kroenke, wearing a blue suit and sunglasses, smiles.
Investing
New LA Angels owner Stan Kroenke is quietly America’s largest private landowner, boasting 2.7 million acres and besting Bill Gates and Jeff Bezos
By Sasha RogelbergSeptember 2, 2026
Photo of wildfire
Environment
World to surpass 1.5-degree climate goal ‘in the next few years,’ UN warns
By The Associated Press and Seth BorensteinSeptember 2, 2026
Scott Bessent says 19 of the G20 finance ministers agreed to address ‘cheap imports’ but ‘China was the dissenter’
Economy
Scott Bessent says 19 of the G20 finance ministers agreed to address ‘cheap imports’ but ‘China was the dissenter’
By The Associated Press, Fatima Hussein and Chris RugaberSeptember 2, 2026
Current price of gold as of September 2, 2026
Personal Finance
Current price of gold as of September 2, 2026
By Danny BakstSeptember 2, 2026
More Middle EastPage 2 of 21
Iran just crossed Trump’s red line for resuming all-out war as fighting continues to escalate with no end in sight
Middle East
Iran just crossed Trump’s red line for resuming all-out war as fighting continues to escalate with no end in sight
By Jason MaJuly 18, 2026
U.S. military launches new airstrikes to ‘swiftly punish’ Iran for attack on Jordan that killed American troops
Middle East
U.S. military launches new airstrikes to ‘swiftly punish’ Iran for attack on Jordan that killed American troops
By Jon Gambrell, Toqa Ezzidin, Konstantin Toropin and The Associated PressJuly 18, 2026
Amid the Gulf’s increasingly competitive landscape, Bahrain is carving out a distinct investment strategy
Middle East
Amid the Gulf’s increasingly competitive landscape, Bahrain is carving out a distinct investment strategy
By Melissa HancockJuly 14, 2026
Bahrain EDB bids to win investors despite mounting headwinds 
Newsletters
Bahrain EDB bids to win investors despite mounting headwinds 
By Melissa HancockJuly 14, 2026
Trump takes a page from Iran’s playbook on the Strait of Hormuz, leveraging U.S. influence over the contested chokepoint to generate revenue
Middle East
Trump takes a page from Iran’s playbook on the Strait of Hormuz, leveraging U.S. influence over the contested chokepoint to generate revenue
By Jason MaJuly 13, 2026
The ‘facade’ of the U.S.-Iran ceasefire crumbles after largest round of fighting in months — ‘an undeclared naval war can escalate’
Middle East
The ‘facade’ of the U.S.-Iran ceasefire crumbles after largest round of fighting in months — ‘an undeclared naval war can escalate’
By Jason MaJuly 12, 2026
The U.S. and Iran can’t agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
Middle East
The U.S. and Iran can’t agree on fully reopening the Strait of Hormuz. The solution could be straight out of the Old Testament
By Jason MaJuly 11, 2026
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
Middle East
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
By Jason MaJuly 10, 2026
OPEC+ to pump more oil as market fears shift from shortage to glut 
Newsletters
OPEC+ to pump more oil as market fears shift from shortage to glut 
By Melissa HancockJuly 7, 2026
From missiles to malware: Why the Gulf is stepping up its operational resilience 
Cybersecurity
From missiles to malware: Why the Gulf is stepping up its operational resilience 
By Melissa HancockJuly 7, 2026
Mark Zandi, Moody's chief economist.
Economy
‘It’s fair to ask whether it was worth it’: The Iran war has cost Americans $1,000 per household—and that’s a conservative estimate, Mark Zandi says
By Tristan BoveJuly 1, 2026
DHL plane being refuelled at airport by man in high-vis jacket
Europe
The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)
By Sam ForsdickJuly 1, 2026
Gulf bond markets extend their rally despite uncertain outlook
Newsletters
Gulf bond markets extend their rally despite uncertain outlook
By Melissa HancockJune 30, 2026
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
Middle East
GCC debt markets have rallied since the ceasefire, but tight liquidity remains a key hurdle 
By Melissa HancockJune 30, 2026
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
Politics
U.S. official says $6 billion in frozen Iranian assets will be released, while Oman discusses possible Hormuz service fees with Tehran
By Jon Gambrell, Josh Boak and The Associated PressJune 29, 2026
Photo: Kevin Warsh
Economy
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
By Jim EdwardsJune 29, 2026
Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz
Energy
Markets feel relief as the U.S. and Iran agree to a ceasefire on their earlier ‘ceasefire’ that was looking at lot like a war over Hormuz
By Jason MaJune 28, 2026
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
Politics
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
Iran attacks Bahrain and Kuwait in response to U.S. airstrikes and threatens a ‘complete halt’ in peace talks as fighting over Hormuz continues
Politics
Iran attacks Bahrain and Kuwait in response to U.S. airstrikes and threatens a ‘complete halt’ in peace talks as fighting over Hormuz continues
By Jon Gambrell, Melanie Lidman and The Associated PressJune 28, 2026
Forget the ceasefire — The U.S. and Iran are still locked in combat over the Strait of Hormuz as Tehran tries to shut down a competing route
Middle East
Forget the ceasefire — The U.S. and Iran are still locked in combat over the Strait of Hormuz as Tehran tries to shut down a competing route
By Jason MaJune 27, 2026
U.S. aircraft attack Iran in response to drone strike on cargo ship that Tehran called ‘ceasefire management’ as both sides wrestle for Hormuz control
Politics
U.S. aircraft attack Iran in response to drone strike on cargo ship that Tehran called ‘ceasefire management’ as both sides wrestle for Hormuz control
By Collin Binkley, Jon Gambrell and The Associated PressJune 26, 2026
A man pumps his car with gas.
Economy
U.S. companies swallowed the oil shock. They’re not sure they can do it again
By Sasha RogelbergJune 25, 2026
The Iran war is accelerating the EV transition faster than any climate policy ever did—but it’s still just not that much
Energy
The Iran war is accelerating the EV transition faster than any climate policy ever did—but it’s still just not that much
By Catherina GioinoJune 25, 2026
Trump’s Iran war provoked the Senate enough to get it to symbolically vote to curb his war powers for the first time
Politics
Trump’s Iran war provoked the Senate enough to get it to symbolically vote to curb his war powers for the first time
By The Associated PressJune 24, 2026
Iran keeps contradicting Trump on whether it agreed to nuclear inspections, but he says there’s no rush anyway
Middle East
Iran keeps contradicting Trump on whether it agreed to nuclear inspections, but he says there’s no rush anyway
By Munir Ahmed, David Rising, Jon Gambrell and The Associated PressJune 24, 2026
Trump, Rubio, and Hegseth sit next to each other at a dark wooden table.
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
iran
Energy
The Strait of Hormuz is ‘open’ — but it’s mined, half-empty, and subject to tolls both sides say they might charge
By Wyatte Grantham-Philips, Mae Anderson and The Associated PressJune 23, 2026
Saudi PIF’s governor wants the kingdom to become a global investment center
Newsletters
Saudi PIF’s governor wants the kingdom to become a global investment center
By Melissa HancockJune 23, 2026
Saudi Aramco’s chairman calls for “energy realism” 
Middle East
Saudi Aramco’s chairman calls for “energy realism” 
By Melissa HancockJune 23, 2026
Dow futures drop as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: ‘You close it and you won’t have a country’
Energy
Dow futures drop as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: ‘You close it and you won’t have a country’
By Jason MaJune 21, 2026
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Success
The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economyplaceholder alt text
By Emma BurleighAugust 30, 2026
Personal Finance
Current price of oil as of September 1, 2026placeholder alt text
By Joseph HostetlerSeptember 1, 2026
AI
The Pentagon is giving 3 million military and civilian workers access to ChatGPT and Grok through a secure AI platform built for ‘warfighter needs’placeholder alt text
By Marco Quiroz-GutierrezSeptember 1, 2026
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