Forecasters are watching a pocket of the Gulf of Mexico that could brew up a tropical system right on the coastline, threatening to dump heavy rain across the Florida Panhandle and northern Gulf region starting this weekend.

By Wayne Cole SYDNEY, July 13 (Reuters) - Share markets sank in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally.

For many in the Gulf, the question is no longer whether Washington remains committed to their security, but whether the emerging Iran agreement leaves them better or worse off than they were before the war.

Last May, U.S. President Donald Trump paid a triumphant visit to Saudi Arabia, Qatar, and the United Arab Emirates. Over the course of a four-day tour, he admired the Gulf capitals’ “gleaming marvels,” cheered on their ambitious modernization plans ...

After the deadly Hill Country floods in July 2025, students in the University of Texas Jackson School of Geosciences “Climate System Modelling” class wanted to find the features in the atmosphere that contributed to the devastating nature of the floods.

A recovery in oil flows from the Persian Gulf and a pledge by OPEC Plus to pump more crude have put downward pressure on energy prices.

By Hadeel Al Sayegh and Federico Maccioni DUBAI, July 9 - Companies in the Gulf, some of the most directly affected by the Iran war, will provide one of the clearest insights so far of its regional financial impact when they begin reporting their second-quarter earnings this week.

Investors should focus closely on reports that the Gulf countries are considering canceling investment contracts and selling existing investments. As a percent of capital market or direct investments, Gulf countries represent a small percent of the total ...

The FOX Forecast Center is closely watching the eastern Gulf as multiple forecast models begin to indicate that a broad area of storms could attempt to spin up over the warm Gulf waters later this weekend.