Welcome to this week’s Fortune Gulf Brief. We’ll be covering:
- From truce to turmoil: Hormuz traffic plunges as U.S.-Iran conflict reignites
- Saudi-backed Lucid Motors taps restructuring firm in latest cost-cutting drive
- Uber’s $14.8 billion acquisition puts Gulf champion Talabat in the spotlight
- UAE and Saudi Arabia cushion MENA’s dealmaking slowdown
- And, the three things we enjoyed reading this week