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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 9 of 21
Current price of oil as of March 10, 2026
Personal Finance
Current price of oil as of March 10, 2026
By Joseph HostetlerMarch 10, 2026
‘It’s so impossible to live with’: Former Goldman Sachs CEO Blankfein says the Iran war won’t last long
Middle East
‘It’s so impossible to live with’: Former Goldman Sachs CEO Blankfein says the Iran war won’t last long
By Marco Quiroz-GutierrezMarch 10, 2026
Saudi Aramco CEO issues stark warning: Iran war could bring ‘catastrophic’ shock to global oil
Economy
Saudi Aramco CEO issues stark warning: Iran war could bring ‘catastrophic’ shock to global oil
By Tristan BoveMarch 10, 2026
trump
Economy
How Trump created a ‘nightmare scenario’ for the world economy
By Paul Wiseman and The Associated PressMarch 10, 2026
trump
Politics
Trump calls war in Iran ‘a little excursion … to get rid of some evil,’ predicting end to hostilities soon
By Jon Gambrell, Will Weissert, Samy Magdy and The Associated PressMarch 10, 2026
trump
Middle East
Trump admits Vance was ‘philosophically a little bit different than me’ about war in Iran
By Steven Sloan and The Associated PressMarch 10, 2026
Photo: President Donald Trump
Energy
Trump says Iran war is ‘very complete, pretty much’, sparking global stock rally
By Jim EdwardsMarch 10, 2026
Stocks stage massive upside reversal as oil plunges after Trump says Iran war could be over soon
Energy
Stocks stage massive upside reversal as oil plunges after Trump says Iran war could be over soon
By Eva RoytburgMarch 9, 2026
trump
Commentary
Something will cause inflation to go up this year, but it’s not oil
By Steve H. Hanke and John GreenwoodMarch 9, 2026
iran
Politics
U.S. intel assessment: Iran regime change was unlikely in either short or long war, sources say
By Michelle L. Price, Mary Clare Jalonick and The Associated PressMarch 9, 2026
Like Trump, Iran’s new supreme leader is a real estate mogul, with a house on ‘Billionaires’ Row,’ a villa in Dubai, and upscale European hotels
Middle East
Like Trump, Iran’s new supreme leader is a real estate mogul, with a house on ‘Billionaires’ Row,’ a villa in Dubai, and upscale European hotels
By Jason MaMarch 9, 2026
three men speak on conference stage
Crypto
Dubai’s signature Token2049 crypto event set to go forward even as other conferences hit pause amid growing conflict
By Carlos GarciaMarch 9, 2026
A plume of smoke rises from the port of Jebel Ali following a reported Iranian strike in Dubai on March 1, 2026.
Middle East
Iran’s attacks on Amazon data centers in UAE, Bahrain signal a new kind of war as AI plays an increasingly strategic role, analysts say
By Jeremy KahnMarch 9, 2026
Photo of Donald Trump
Energy
Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full
By Tristan BoveMarch 9, 2026
mission accomplished
Middle East
Investors priced in a 6-week Iraq War, but it lasted 8 years and cost $3 trillion. They’re doing it again
By Nick LichtenbergMarch 9, 2026
Odds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns
Economy
Odds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns
By Jason MaMarch 9, 2026
middle east
Politics
Saudi Arabia tells Iran it will be ‘the biggest loser’ as drone strikes spray Arab states
By The Associated PressMarch 9, 2026
macron
Energy
Oil price moderates after Macron, as leader of G7, confirms ‘the use of strategic reserves is an envisaged option’
By Alex Veiga, Elaine Kurtenbach and The Associated PressMarch 9, 2026
africa
Energy
The Iran oil shock is really bad for countries in a region where cars and roads transport almost all food: Africa
By The Associated PressMarch 9, 2026
iran
Politics
Iran’s Assembly of Experts picks 56-year-old Mojtaba Khamenei as next Supreme Leader
By Jon Gambrell, Sam Metz, Kareem Chehayeb, Samy Magdy and The Associated PressMarch 9, 2026
wall
Energy
Dow, Nasdaq, S&P all falling as oil spikes briefly over $120 per barrel
By Elaine Kurtenbach, Matt Ott and The Associated PressMarch 9, 2026
Oil over $100, markets in free fall, and Iran’s new supreme leader is Trump’s ‘worst case’ scenario
Energy
Oil over $100, markets in free fall, and Iran’s new supreme leader is Trump’s ‘worst case’ scenario
By Jim EdwardsMarch 9, 2026
US President Donald Trump salutes during a dignified transfer at Dover Air Force Base in Dover, Delaware, US, on Saturday, March 7, 2026.
Economy
When it comes to the war in Iran don’t go betting on the TACO trade, says top J.P. Morgan investment strategist
By Eleanor PringleMarch 9, 2026
Oil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission
Economy
Oil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission
By Jason MaMarch 8, 2026
Photo of burning gas flares at a refinery
Energy
‘Nightmare scenario’ looms as global markets head for the biggest oil output disruption in history, top energy guru warns
By Jason MaMarch 8, 2026
Fortune Archives: Iran’s heartbreakingly brief startup spring
Newsletters
Fortune Archives: Iran’s heartbreakingly brief startup spring
By Indrani SenMarch 8, 2026
Forget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
Energy
Forget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
By Jason MaMarch 7, 2026
An explosion in Tehran.
Energy
Oil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response
By Jordan BlumMarch 7, 2026
Saad Sherida al-Kaabi, Qatar's Energy Minister
Energy
Iran conflict could ‘bring down the economies of the world,’ warns one of the Middle East’s biggest energy exporters
By Tristan BoveMarch 6, 2026
iran
Commentary
Bypassing Hormuz: how technology, not territory, will win the new energy war
By Siddharth MisraMarch 6, 2026
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Most Popular
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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