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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

1

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

2

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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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.
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 7 of 15
U.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
Middle EastU.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
By Jason MaMarch 1, 2026
As Iran attacks Dubai, the tax-free haven for the global elite could see ‘catastrophic’ fallout — ‘this can also send shockwaves globally’
Middle EastAs Iran attacks Dubai, the tax-free haven for the global elite could see ‘catastrophic’ fallout — ‘this can also send shockwaves globally’
By Jason MaMarch 1, 2026
Oil prices soar 10% as tanker traffic halts near the Strait of Hormuz amid Iran attacks while IRGC warns against passage. ‘Our ships will stay put’
EnergyOil prices soar 10% as tanker traffic halts near the Strait of Hormuz amid Iran attacks while IRGC warns against passage. ‘Our ships will stay put’
By Jason MaMarch 1, 2026
trump
Middle EastTop diplomat on Middle Eastern regime change as a losing game: ‘U.S. history in that area of the world is not good with this’
By Donald Heflin and The ConversationMarch 1, 2026
trump
Middle EastFormer Trump security advisor sees no off-ramp this time around for Iran, Israel and America
By Javed Ali and The ConversationMarch 1, 2026
Trump says U.S. will bomb Iran uninterrupted ‘as long as necessary’ to achieve peace in Mideast and the world after confirming Khamenei’s death
Middle EastTrump says U.S. will bomb Iran uninterrupted ‘as long as necessary’ to achieve peace in Mideast and the world after confirming Khamenei’s death
By Jason MaFebruary 28, 2026
Iran is now on ‘death ground’ amid existential threat from U.S. attacks and could ‘go big’ in retaliation, former NATO commander warns
Middle EastIran is now on ‘death ground’ amid existential threat from U.S. attacks and could ‘go big’ in retaliation, former NATO commander warns
By Jason MaFebruary 28, 2026
Trump confirms ‘massive and ongoing’ attacks on Iran, warns of possible casualties, and calls on Iranian people to overthrow regime
Middle EastTrump confirms ‘massive and ongoing’ attacks on Iran, warns of possible casualties, and calls on Iranian people to overthrow regime
By Jason MaFebruary 28, 2026
Missiles produced by Iran's armed forces are displayed near a row of Iranian flags during commemorations to mark the anniversary of the 1979 Iranian Revolution on February 11, 2026 in Tehran, Iran. In that year, Ruhollah Khomeini led an overthrow of the Pahlavi dynasty in 1979 and established himself as Supreme Leader of the Islamic Republic of Iran.
EnergyTrump loves cheap gas—but a military conflict in Iran could nearly double your price at the pump
By Jordan BlumFebruary 21, 2026
putin
EuropeRussia’s violation of NATO airspace surged 200% in 2025, a warning of what may be coming
By Frederic Lemieux and The ConversationFebruary 19, 2026
greenland
North AmericaWhy America may not have won World War II without its secret weapon: Greenland
By Thomas Robertson and The ConversationFebruary 17, 2026
sid
CommentaryForget ‘peak oil’: the era of scarcity is dead, and now we’re drowning in abundance
By Siddharth MisraFebruary 12, 2026
A member of the Kurdish security forces guards an oil refinery on the outskirts of Mosul, Iraq, in June 2014.
EnergyBig Oil embraces global exploration again as Chevron returns to Libya
By Jordan BlumFebruary 11, 2026
In 2026, it’s time for CEOs to rethink HQs and look to Dubai’s playbook for growth
C-SuiteIn 2026, it’s time for CEOs to rethink HQs and look to Dubai’s playbook for growth
By Abdulla BelhoulFebruary 4, 2026
Devon Energy CEO: $26 billion Coterra merger marries two “crown jewels” as merger mania returns to the oilfield
EnergyDevon Energy CEO: $26 billion Coterra merger marries two “crown jewels” as merger mania returns to the oilfield
By Jordan BlumFebruary 2, 2026
Top energy expert says probability the U.S. will attack Iran soon is 75% as risk of major disruption to oil supply is priced in—‘this one is real’
EnergyTop energy expert says probability the U.S. will attack Iran soon is 75% as risk of major disruption to oil supply is priced in—‘this one is real’
By Jason MaFebruary 1, 2026
Oil prices rise as bloody crackdown on Iran protests suggests Tehran fears a ‘dire security threat to the regime’ with loyalty of forces in doubt
EnergyOil prices rise as bloody crackdown on Iran protests suggests Tehran fears a ‘dire security threat to the regime’ with loyalty of forces in doubt
By Jason MaJanuary 11, 2026
Iran’s $7 monthly payments fail to ease spiraling economic unrest as Trump weighs military options against Tehran a week after Venezuela raid
Middle EastIran’s $7 monthly payments fail to ease spiraling economic unrest as Trump weighs military options against Tehran a week after Venezuela raid
By Jason MaJanuary 11, 2026
Is Iran next for Trump? A currency collapse, energy crisis, and water shortage have exploded into unrest against the regime
Middle EastIs Iran next for Trump? A currency collapse, energy crisis, and water shortage have exploded into unrest against the regime
By Jason MaJanuary 5, 2026
Binance has been proudly nomadic for years. A new announcement suggests it’s finally chosen a headquarters
CryptoBinance has been proudly nomadic for years. A new announcement suggests it’s finally chosen a headquarters
By Ben WeissDecember 7, 2025
Trump/MBS
PoliticsThe same day as his Epstein humiliation in the House, Trump rages at media’s questions while sitting next to Saudi crown prince
By Eva Roytburg and Nick LichtenbergNovember 18, 2025
coal
EnergyIEA heralds ‘the Age of Electricity’ while warning that oil may not peak in 2030 after all
By Nick LichtenbergNovember 12, 2025
Cop30
CommentaryProgress but uneven: Energy transition reality check
By Chris Bradley, Mekala Krishnan and Humayun TaiNovember 6, 2025
Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows
EnergyExxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows
By Jordan BlumOctober 31, 2025
AI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders
CybersecurityAI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders
By Angelica AngOctober 31, 2025
Saudi Arabia wants to become a tourist hot spot and is building 300,000 new hotel rooms to get there
Middle EastSaudi Arabia wants to become a tourist hot spot and is building 300,000 new hotel rooms to get there
By Angelica AngOctober 30, 2025
Ton Han, wearing a dark suit and purple shirt, speaks in front of a dark background.
ConferencesWeRide CEO says autonomous driving can’t guarantee 100% safety—but could be 10x safer than human drivers within the decade
By Sasha RogelbergOctober 27, 2025
Saudi investment chief warns: Global business needs cooperation, not protectionism
ConferencesSaudi investment chief warns: Global business needs cooperation, not protectionism
By Marco Quiroz-GutierrezOctober 27, 2025
The world is headed for re-globalization not de-globalization, as ‘coalitions of the willing’ emerge, Mastercard chair and former USTR official says
ConferencesThe world is headed for re-globalization not de-globalization, as ‘coalitions of the willing’ emerge, Mastercard chair and former USTR official says
By Jason MaOctober 27, 2025
H.E. Hind Kabawat, Minister of Social and Labour Affairs, Syrian Arab Republic
Middle EastSyria’s only female minister on what she says to her new president about hiring women: ‘Quotas are so important’
By Nick LichtenbergOctober 27, 2025
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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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