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Current price of oil as of June 17, 2026

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The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

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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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Current price of oil as of June 17, 2026

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The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

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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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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.
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The G7 has some special lunchtime guests this year: Sam Altman, Demis Hassabis and Dario Amodei 

When the White House forced Anthropic to cut off all non-American access to its most advanced models, it handed European leaders an argument.

By Kelvin Chan and The Associated PressJune 17, 2026
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
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
Latest Stories
A $5.6 billion valuation and rapid global expansion—this AI European-scaler is reaping the benefits of its celebrity connection 
EuropeA $5.6 billion valuation and rapid global expansion—this AI European-scaler is reaping the benefits of its celebrity connection 
By Kamal AhmedJune 18, 2026
Top CD rates today, June 18, 2026: Lock in up to up to 4.30%
Personal FinanceTop CD rates today, June 18, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganJune 18, 2026
Today’s top high-yield savings rates: Up to 5.00% on June 18, 2026
Personal FinanceToday’s top high-yield savings rates: Up to 5.00% on June 18, 2026
By Glen Luke FlanaganJune 18, 2026
Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
NewslettersKevin Warsh’s hawkish tone: What CEOs need to know about rates today
By Diane BradyJune 18, 2026
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
NewslettersWhatnot is worth $11.5 billion—and its sellers just hit one billion orders
By Allie GarfinkleJune 18, 2026
A wave of CFO retirements is reshaping the Fortune 500—AT&T’s Pascal Desroches is the latest
AIA wave of CFO retirements is reshaping the Fortune 500—AT&T’s Pascal Desroches is the latest
By Sheryl EstradaJune 18, 2026
France's President Emmanuel Macron (center) with Salesforce CEO Marc Benioff (left) and Anthropic CEO Dario Amodei (right) at a working lunch meeting at the G7 summit in Evian, France, on June 17, 2026.(Photo: Ludovic Marin/AFP/Getty Images)
NewslettersAI chiefs call for regulation collaboration at the G7 summit
By Andrew NuscaJune 18, 2026
Current refi mortgage rates report for June 18, 2026
Personal FinanceCurrent refi mortgage rates report for June 18, 2026
By Glen Luke FlanaganJune 18, 2026
More Middle EastPage 4 of 14
‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet
Energy‘Peak war panic’ will likely hit financial markets in 1-3 weeks, strategist predicts, as Trump says he doesn’t want to make a deal with Iran yet
By Jason MaMarch 14, 2026
Trump’s AI czar calls for U.S. to ‘get out’ of war and warns Iran has a ‘dead man’s switch’ that could render Gulf states almost uninhabitable
Middle EastTrump’s AI czar calls for U.S. to ‘get out’ of war and warns Iran has a ‘dead man’s switch’ that could render Gulf states almost uninhabitable
By Jason MaMarch 14, 2026
Handout photo taken on March 11, 2026 and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack. A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked March 11, with 20 crew members rescued so far, the Thai navy said.
EnergySkyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in
By Jordan BlumMarch 14, 2026
photo of stage at conference
CryptoFlagship Dubai crypto conference Token2049, in sudden reversal, cancels due to Iran war
By Carlos GarciaMarch 13, 2026
President Donald Trump
EnergyThe war in Iran has caused the biggest oil supply disruption in history, energy watchdog says, and a swift end to the conflict might not change that
By Tristan BoveMarch 13, 2026
The Strait of Hormuz is an Iranian ‘kill box,’ preventing the U.S. Navy from securing it right now and letting tankers pass through freely
EnergyThe Strait of Hormuz is an Iranian ‘kill box,’ preventing the U.S. Navy from securing it right now and letting tankers pass through freely
By Jason MaMarch 13, 2026
Photo: President Trump
EconomyWall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’
By Jim EdwardsMarch 13, 2026
A bomb disposal officer in 1945 pulling a mine from the sea on the South East coast of Britain near Hythe.
Middle EastIran’s simplest weapon is now holding the global economy hostage
By Eva RoytburgMarch 13, 2026
grocery store
EnergyOil and fertilizer prices are climbing. Your grocery bill may follow
By Jake AngeloMarch 13, 2026
Nepali consumers wait in line carrying empty LPG cylinders as they rush to gas depots to refill them as growing tensions in West Asia halt the supply in Kathmandu, Nepal, on March 12, 2026. People wait for hours hoping to refill their gas cylinders. While some manage to purchase filled cylinders, many others return empty-handed as supplies remain limited. The disruption follows the escalating conflict involving the United States, Israel, and Iran, which heightens tensions across the Gulf region. Shipping through the Strait of Hormuz, a key maritime route bordering Iran, the United Arab Emirates, and Oman, is also affected by the conflict, disrupting the transport of gas and petroleum products. The impact is now felt in markets around the world.
EnergyExxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price
By Jordan BlumMarch 12, 2026
A man stands amidst a field of corn.
EconomyFertilizer prices soar as Strait of Hormuz tensions rise—forcing U.S. farmers to rethink spring planting
By Sasha RogelbergMarch 12, 2026
A sign reading 'out of stock' is displayed at a gas station amid rising petrol prices in Manila, the Philippines
EconomyThe Iran war is reviving remote work across the world — from Denmark to Vietnam
By Tristan BoveMarch 12, 2026
The latest accounting on Trump’s Iran war show it could spike the national debt by $65 billion over 60 days
EconomyThe latest accounting on Trump’s Iran war show it could spike the national debt by $65 billion over 60 days
By Shawn TullyMarch 12, 2026
trump
EnergyTrump just put Republicans’ hold on the Senate at risk while sending the national debt higher, Morgan Stanley says
By Nick LichtenbergMarch 12, 2026
U.S. President Donald Trump speaks to the press after landing on Air Force One on March 11, 2026 at Joint Base Andrews, Maryland.
EconomyStagflation risks are rising due to Iran conflict, as economist warns it’s ‘getting harder to argue disruption will be temporary’
By Eleanor PringleMarch 12, 2026
Photo: Infographic with map showing the Strait of Hormuz, locating floating objects (generally boats) captured by the Sentinel-1 radar satellite, before and after the announcement of the blockade of the strait by the Iranian Revolutionary Guard, according to an AFP analysis (Graphic by Valentin RAKOVSKY and Julie PEREIRA / AFP)
EnergyOil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz
By Jim EdwardsMarch 12, 2026
fleet
CommentaryThe shadow fleet and illegal oil are still moving through the Strait of Hormuz
By Charles Edward GehrkeMarch 11, 2026
picture of Bitcoin.
CryptoBitcoin outperforms gold and stocks since beginning of Iran war
By Carlos GarciaMarch 11, 2026
gas prices
EnergyTop economist says Iran war could trigger an economic ‘butterfly effect’—and keep inflation elevated for years
By Jake AngeloMarch 11, 2026
barrel
EnergyPlastics, fertilizers, clothing, medicines and electronics: $100-a-barrel oil has huge downstream consequences
By André O. Hudson and The ConversationMarch 11, 2026
trump
CommentaryThere’s one particular way the Iran War is different from all the others in American history
By Charles Walldorf and The ConversationMarch 11, 2026
strait
Middle EastThe Strait of Hormuz isn’t totally closed. Meet the ‘shadow fleet’
By Charles Edward Gehrke and The ConversationMarch 11, 2026
A livestream shows Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026.
EconomyTrump may claim the war is ‘complete,’ but Wall Street expects the Fed to stay hawkish long after the conflict has ended
By Eleanor PringleMarch 11, 2026
Photo: A man walks near a banner displayed at Valiasr Square in central Tehran on March 10, 2026, depicting Iran's late supreme leader Ayatollah Ruhollah Khomeini (L) watching as his successor the late Ayatollah Ali Khamenei (C) hands over a national flag to his son and new supreme leader Mojtaba Khamenei (R). Iran marked the appointment of Ayatollah Mojtaba Khamenei to replace his father as its supreme leader with a new barrage of missiles against Israel and the Gulf states on March 9, as the Middle East war sent oil prices soaring. (Photo by AFP) / Attention editors: AFP covers the war in the Middle East through its extensive regional network, including bureaus in Tehran, Jerusalem, and several neighboring countries. Since the start of the conflict, journalists have been working under increasingly restrictive conditions. Authorities in several countries have limited reporters' movements, photo and live video coverage from sensitive locations. Some governments and armed groups have banned images of missile or drone strikes and other security-related sites. /
PoliticsIran’s new supreme leader is injured but reportedly ‘safe’ as traders sour on war exit strategy
By Jim EdwardsMarch 11, 2026
Israeli president’s message to CEOs in D.C.: ‘We need to be steadfast, take a deep breath, and finish the undermining of Iran’
Middle EastIsraeli president’s message to CEOs in D.C.: ‘We need to be steadfast, take a deep breath, and finish the undermining of Iran’
By Diane BradyMarch 11, 2026
trump
Middle EastHow the Iran War is related to the real winner of the Iraq War 20 years ago
By Farah N. Jan and The ConversationMarch 10, 2026
strait of hormuz
EnergyIran is reportedly laying mines in the Strait of Hormuz—Trump threatens to hit back ’20 times harder’
By Jake AngeloMarch 10, 2026
trump
Middle EastSomething’s different about America since the early 2000s and it has to do with drill, baby, drill
By Amy Myers Jaffe and The ConversationMarch 10, 2026
trump
EconomyTrump’s economy was already exploding the national debt before his $1 billion-a-day war in Iran. Analysts warn about what comes next
By Nick LichtenbergMarch 10, 2026
Current price of oil as of March 10, 2026
Personal FinanceCurrent price of oil as of March 10, 2026
By Joseph HostetlerMarch 10, 2026
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Personal Finance
Current price of oil as of June 17, 2026placeholder alt text
By Joseph HostetlerJune 17, 2026
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American familiesplaceholder alt text
By Jacqueline MunisJune 17, 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
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