Energy ​disruptions due to the Iran war will weigh heavily on Gulf oil and gas exporters' economies, while the Middle ‌East's oil importers like Egypt and Jordan face shocks from higher commodity prices and possible falls in income from remittances from Gulf-based workers,

The Marines in the photos are with the 11th Marine Expeditionary Unit, which deployed in March to support operations in the Middle East.

The surge comes as U.S. officials and Iranian representatives continue exchanging messages through mediators.

The ongoing conflict in the Middle East is impacting the U.S. economy, driving up gas prices, mortgage rates, and inflation across the country.

European companies are likely to deliver resilient first‑quarter earnings despite the Middle East conflict, but investors say that may ​mask mounting risks from higher energy prices, supply-chain disruption and weakening growth that could weigh on forecasts for the rest of the year.

The luxury industry has been struggling for years with faltering demand for high-end goods against the backdrop of rising prices, trade disputes and geopolitical instability.

USS George H.W. Bush may be avoiding the Bab el-Mandeb Strait, the ‘other” chokepoint in the Middle East, where U.S. Navy destroyers have come under attack in the past.

This is the introduction to Middle East Dispatch, a weekly, subscriber-only newsletter in which our correspondents take a look at the warfare, politics and economics of a region that is at the centre of the world’s affairs.

Andrew Thomas, Jessica Genauer, Kristian Coates Ulrichsen, and Scott Lucas do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

Barings, one of the world's leading alternative investment managers, today announced the opening of its new office in Abu Dhabi. This strategic expansion underscores Barings' commitment to the Middle East and its confidence in the region's long-term growth,