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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’

Middle East

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.

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

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

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

‘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

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.

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

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’

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 7 of 21

trump

Trump’s Iran War looks improvised. It isn’t. Here’s the playbook he’s been running for decades

By Jeffrey Sonnenfeld and Steven TianMarch 17, 2026

trump

Either Trump is lying or the 4 other living presidents are, about war on Iran

By Darlene Superville, Steven Sloan and The Associated PressMarch 17, 2026

constantine

The next energy superpower will make its own fuel

By Gregory ConstantineMarch 17, 2026

Jeremy Siegel, the Russell E. Palmer Professor of Finance at the Wharton School, speaks during the Wharton Global Alumni Forum in Madrid, Spain, on Thursday, June 24, 2010.

A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

By Eleanor PringleMarch 17, 2026

Photo: President Trump.

Backchannel talks between U.S. and Iran offer Trump an off-ramp—if he wants it

By Jim EdwardsMarch 17, 2026

Photo of Ray Dalio

Ray Dalio warns a brutal ‘final battle’ for the Strait of Hormuz is coming—and losing could end the American empire

By Eva RoytburgMarch 17, 2026

Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island.

Venezuela has the world’s largest proven oil reserves, but it can’t solve for the Strait of Hormuz ‘math problem’

By Jordan BlumMarch 17, 2026

Donald Trump

Trump’s ‘Art of the Deal’ can’t reopen the Strait of Hormuz—and it’s threatening a recession

By Nick LichtenbergMarch 16, 2026

U.S. President Donald Trump listens during a press conference with Ukrainian President Volodymyr Zelensky following their meeting at Trump’s Mar-a-Lago club on December 28, 2025 in Palm Beach, Florida.

‘Blackmail is also not what I wish for’: America’s allies are ghosting Trump on Strait of Hormuz

By Eva RoytburgMarch 16, 2026

President Donald Trump at the White House

The energy crisis isn’t recessionary yet, but there’s a scenario where oil prices could bring the US economy to a ‘standstill,’ Oxford Economics says

By Tristan BoveMarch 16, 2026

Iran’s attacks have collapsed, and the trend is ‘overwhelmingly positive,’ analysts say. But the military side is separate from politics and markets

Iran’s attacks have collapsed, and the trend is ‘overwhelmingly positive,’ analysts say. But the military side is separate from politics and markets

By Jason MaMarch 16, 2026

bessent

Bessent talks oil, accuses media of ‘trying to make it into some crisis that it’s not’

By The Associated PressMarch 16, 2026

iran

Iran minister mocks Trump for ‘begging’ for help on reopening Hormuz, claims attacks came from UAE

By Jon Gambrell, Sam Mednick, Konstantin Toropin, Samy Magdy and The Associated PressMarch 16, 2026

gutman, shah

Goldman’s top international execs say the Iran war has parallels to the Russia’s invasion of Ukraine, but there are key differences

By Nick LichtenbergMarch 16, 2026

Photo: Donald Trump

With Iran still in control of Hormuz, Trump threatens NATO and oil hits $106

By Jim EdwardsMarch 16, 2026

Despite Greenland crisis, Trump suggests NATO owes him help on Iran war after U.S. support for Ukraine. ‘We’ve been very sweet’

Despite Greenland crisis, Trump suggests NATO owes him help on Iran war after U.S. support for Ukraine. ‘We’ve been very sweet’

By Jason MaMarch 15, 2026

The closed Strait of Hormuz is testing Asia’s energy security. The answer lies across the Pacific—in Canada

The closed Strait of Hormuz is testing Asia’s energy security. The answer lies across the Pacific—in Canada

By Barrett BingleyMarch 15, 2026

President Donald Trump salutes as a U.S. Army carry team moves a flag-draped transfer case containing the remains of Sgt. Declan J. Coady at Dover Air Force Base on March 07, 2026 in Dover, Delaware.

The war with Iran has defense experts wondering if Khamenei will attempt to activate sleeper cells on U.S. soil

By Eleanor PringleMarch 15, 2026

1970s car waiting for gas during the gas crisis of the 1970s.

So, what happens during a gas crisis, anyway? Your older relatives have a reason to bring up what could come next

By Catherina GioinoMarch 15, 2026

‘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

‘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

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

By Jason MaMarch 14, 2026

iran

Iran stretches war into third week with missile strike on U.S. embassy compound in Baghdad

By Jon Gambrell, Sam Mednick, Konstantin Toropin, Mike Corder and The Associated PressMarch 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.

Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

By Jordan BlumMarch 14, 2026

photo of stage at conference

Flagship Dubai crypto conference Token2049, in sudden reversal, cancels due to Iran war

By Carlos GarciaMarch 13, 2026

President Donald Trump

The 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

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

By Jason MaMarch 13, 2026

Photo: President Trump

Wall 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.

Iran’s simplest weapon is now holding the global economy hostage

By Eva RoytburgMarch 13, 2026

grocery store

Oil 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.

Exxon, 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

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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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By Emma BurleighAugust 30, 2026

Personal Finance

Current price of oil as of September 1, 2026

placeholder alt text

By Joseph HostetlerSeptember 1, 2026

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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