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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

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Current price of oil as of June 22, 2026

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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'

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Current price of oil as of June 22, 2026
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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.
iran
The Strait of Hormuz is ‘open’ — but it’s mined, half-empty, and subject to tolls both sides say they might charge

Iran and the U.S. both threatened to tax ships crossing the world’s most critical oil chokepoint — an action experts say violates international law.

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
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” 
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’
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
Oil keeps flowing through Hormuz despite Iran saying it’s shut
Oil keeps flowing through Hormuz despite Iran saying it’s shut
By Weilun Soon, Julian Lee and BloombergJune 21, 2026
Vice President JD Vance heads to Switzerland for talks with Iran but says he will only be there ‘for a day or two’
Vice President JD Vance heads to Switzerland for talks with Iran but says he will only be there ‘for a day or two’
By Kareem Chehayeb, Bassem Mroue, Seung Min Kim, Munir Ahmed and The Associated PressJune 20, 2026
Latest Stories
The hidden cost of your AI rollout: burning out the high performers running it
Workplace CultureThe hidden cost of your AI rollout: burning out the high performers running it
By Mikaela Cohen and HR BrewJune 23, 2026
Tom and Diane Peterman pose outside their home at Black Lake on Wednesday, April 29, 2026, in Grant Township, Mich.
EnvironmentFEMA told these families they weren’t in a flood zone. Then ice came through the windows
By Tammy Webber, M.K. Wildeman and The Associated PressJune 23, 2026
Olympic rings at the Tesero Cross-Country Skiing Stadium ahead of the Milano Cortina 2026 Winter Olympics on February 03, 2026 in Tesero, Italy.
North AmericaAfter the Knicks and World Cup, New York is ready for another challenge: the Olympics
By The Associated PressJune 23, 2026
Quantum computing stocks surge after Trump signed executive orders backing the sector
InvestingQuantum computing stocks surge after Trump signed executive orders backing the sector
By Marco Quiroz-GutierrezJune 23, 2026
UPS workers process boxes in a sorting facility.
North AmericaUPS is shelling out nearly $50 million on temperature-controlled facilities to meet the booming demand for GLP-1 deliveries
By Sasha RogelbergJune 23, 2026
Alan Greenspan testifying before the Senate Banking Committee.
BankingThe man who invented the Fed’s magic trick just died. His successor is about to try it again
By Eva RoytburgJune 23, 2026
Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersDefections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
dr
HealthThe U.S. cut cancer deaths by 34% since 1991—but not in 458 rural counties
By Arthur Cosby and The ConversationJune 23, 2026
More Middle EastPage 6 of 15
An explosion in Tehran.
EnergyOil 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
EnergyIran 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
CommentaryBypassing Hormuz: how technology, not territory, will win the new energy war
By Siddharth MisraMarch 6, 2026
Photo: US President Donald Trump during an event with Inter Miami CF in the East Room of the White House in Washington, DC, US, on Thursday, March 5, 2026. Inter Miami CF is visiting the White House to celebrate their 2025 championship win.
PoliticsIran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war
By Jim EdwardsMarch 6, 2026
The President is surprised by the lack of European support for military action against Iran—he shouldn’t be
EuropeThe President is surprised by the lack of European support for military action against Iran—he shouldn’t be
By Kamal AhmedMarch 6, 2026
hegseth
Middle EastPete Hegseth called it ‘quiet death’—the first time a U.S. sub fired a torpedo and hit an enemy ship since the 1940s
By James Dwyer and The ConversationMarch 6, 2026
An older and younger man embrace at an airport.
Middle East23,000 canceled flights and debris raining on Dubai hotels: The Iran war is jeopardizing the $12 trillion global travel industry
By Sasha RogelbergMarch 6, 2026
Paul Krugman speaking while seated on stage.
Middle EastThe Iran conflict will be the ’straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns
By Tristan BoveMarch 6, 2026
Photo: Volunteers stand amid the debris of destroyed buildings at the site of an Israeli airstrike in the southern Lebanese city of Nabatieh on March 5, 2026. Israel launched on March 5 a fresh wave of strikes on Iran, which stepped up its attacks on Gulf nations Qatar and Bahrain, as the Middle East war spread throughout the region and beyond. (Photo by Mouhammad al-ZANATY / AFP)
PoliticsIn the Iran war, it’s not the oil that’s important—it’s the water
By Jim EdwardsMarch 5, 2026
A family sits against the backdrop of a dockyard off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. (Photo by Giuseppe CACACE / AFP via Getty Images)
EnergyTrump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again
By Jordan BlumMarch 5, 2026
President Donald Trump gesturing during his State of the Union address
Middle EastDespite a $200 billion price tag, Trump admits the Iran war could just swap one bad leader for another
By Tristan BoveMarch 4, 2026
mossadegh
CommentaryOne key difference on America and Iran, then and now: the CIA had a plan for what would happen in 1953
By Gregory F. Treverton and The ConversationMarch 4, 2026
Wilbur Ross, former US commerce secretary.
Middle EastThe U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex–commerce secretary. Don’t expect them to get involved in Iran
By Eleanor PringleMarch 4, 2026
A view of the liquefied natural gas (LNG) production facility in Qatar's Ras Laffan Industrial City. Photo: Stringer/dpa (Photo by Stringer/picture alliance via Getty Images)
EnergyU.S. oil and gas exporters can’t fill the Middle East supply gap, but Trump’s pledge to insure and protect tankers stems the tide on surging prices
By Jordan BlumMarch 3, 2026
Trump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
AITrump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
By Jake AngeloMarch 3, 2026
Economist Mohamed El-Erian
EconomyTop economist Mohamed El-Erian warns of stagflation gripping the entire world economy the longer the Iran war goes on
By Tristan BoveMarch 3, 2026
Why the stock market thinks the Iran war will last 4 weeks, according to Goldman’s head of oil research
EnergyWhy the stock market thinks the Iran war will last 4 weeks, according to Goldman’s head of oil research
By Nick LichtenbergMarch 3, 2026
Photo of Jamie Dimon
EconomyJamie Dimon has a feeling inflation will be the ‘skunk at the party’—and the Iran conflict may already be enough to scare off the Fed for good
By Eleanor PringleMarch 3, 2026
The Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
EnergyThe Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
By Jason MaMarch 2, 2026
trump
Middle EastTrump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says
By Nick LichtenbergMarch 2, 2026
Commercial vessels in the Persian Gulf
EnergyEnergy markets offer ‘relatively small reaction’ to Iran war, but prices could spike if oil and gas aren’t flowing by the end of the week
By Jordan BlumMarch 2, 2026
A woman stands with her hand on her hip as she pumps gas into her car.
EnergyOil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but ‘three times the scale,’ analyst warns
By Sasha RogelbergMarch 2, 2026
A commercial ship anchored off the coast of Dubai.
EnergyThe war in Iran could lead to a ‘guaranteed global recession’ because of one chokepoint that is crucial to the world economy, analyst says
By Tristan BoveMarch 2, 2026
explosion in a middle eastern city
CryptoA brief collapse in Bitcoin price echoes earlier geopolitical conflicts—but a rapid bounceback shows the long term impact of Iran strikes are unclear
By Carlos GarciaMarch 2, 2026
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
Middle EastIran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
European markets slide as Iran ‘war trade’ joins the global AI ‘scare trade’
EuropeEuropean markets slide as Iran ‘war trade’ joins the global AI ‘scare trade’
By Kamal AhmedMarch 2, 2026
An intercepted projectile falls into the sea near Dubai's Palm Jumeirah archipelago on March 1, 2026. The United States and Israel launched strikes against Iran on February 28, killing Iran's supreme leader and top military leaders, prompting authorities to retaliate with strikes on Israel and US bases across the Gulf. (Photo by FADEL SENNA / AFP)
EnergyStocks enter global selloff, but some on Wall Street are looking for assets that respond well to war
By Jim EdwardsMarch 2, 2026
Dow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership
EnergyDow futures fall 350 points on U.S.-Iran conflict, but oil prices pare gains as Trump hints at sanctions relief for new leadership
By Jason Ma and Amanda GerutMarch 1, 2026
Asian aviation stocks plunge as Iran conflict forces airlines to cancel flights over Middle Eastern airspace
AsiaAsian aviation stocks plunge as Iran conflict forces airlines to cancel flights over Middle Eastern airspace
By Angelica AngMarch 1, 2026
A veiled Iranian woman holds her cellphone displaying a portrait of Iran's Supreme Leader, Ayatollah Ali Khamenei,
CybersecurityCyber retaliation from Iran is a problem for U.S. companies — ‘It’s in the hands of a 19-year-old hacker in a Telegram room,’ ex-NSA operative says
By Amanda GerutMarch 1, 2026
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Most Popular
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stockplaceholder alt text
By Jim EdwardsJune 23, 2026
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'placeholder alt text
By Sydney LakeJune 21, 2026
Personal Finance
Current price of oil as of June 22, 2026placeholder alt text
By Joseph HostetlerJune 22, 2026
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