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Fortune
Fortune
Melissa Hancock

Shipping transits slow to a trickle as Strait of Hormuz faces “worst-case scenario”

(Credit: Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2026)

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
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