Oil and gas

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on Aug. 29, 2022.

As Iran ceasefire holds, Israel gas fields resume production: What to know

Egypt and Jordan are increasingly reliant on Israel for gas despite tensions over Gaza, but the conflict with Iran threatened their imports.

Aziz Nasirzadeh

Iran defense chief visits China, first trip after war with Israel: What to know

While Iran and China maintain a deepening military and economic partnership, Beijing offered only rhetorical support during Iran’s 12-day war with Israel.

Portraits of Iranian military generals and nuclear scientists, killed in Israel's June 13 attack are displayed above a road, as a plume of heavy smoke and fire rise from an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025.

Analysis

Israel-Iran war fuels risks for Mideast economies, energy flows after US strikes

The global economic fallout from the Israel-Iran clash has been limited but US strikes are adding to the risk.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Flags flutter along a bridge as a plume of heavy smoke and fire rise from an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025. Iran fired a fresh barrage of missiles at Israel, state television announced early on June 15, as the rivals exchanged fire for a third day. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Analysis

With over 85% imported, Turkey braces for energy ripples of Iran-Israel war

Rising oil prices threaten Turkey’s fragile economy amid escalating regional tensions, while energy supply risks grow.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

Latest News

Exodus, shortages and strikes: Tehran reels under weight of Israel-Iran war

TOPSHOT - Vehicles jam a highway as a fire blazes nearby in the oil depots of Shahran, northwest of Tehran, on June 15, 2025. Israel and Iran exchanged fire on June 14, a day after Israel unleashed an unprecedented aerial bombing campaign that Iran said hit its nuclear facilities, "martyred" top commanders and killed dozens of civilians. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Analysis

As Israel-Iran strikes escalate, Russia weighs risks and opportunities

TEHRAN, IRAN - JUNE 15: People observe fire and smoke from an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Iran's foreign minister said the country would respond "decisively and proportionally" to a wave of attacks that Israel launched beginning in the early hours of June 13. The attacks targeted multiple military, scientific and residential locations, as well as senior government officials. (Photo by Stringer/Getty Images)

Nikita Smagin

By Nikita Smagin

Israel closes Leviathan gas field after strikes on Iran, cutting supply to Egypt

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022.

Iran oil exports to China fall sharply amid US sanctions, weakened demand

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022.

Greece's prime minister Kyriakos Mitsotakis and the President of Egypt Abdel Fattah El-Sisi during the 1st High Cooperation Council between Greece and Egypt at the Maximos Mansion in Athens, Greece on May 7, 2025. (Photo by Dimitris Kapantais / SOOC / SOOC via AFP) (Photo by DIMITRIS KAPANTAIS/SOOC/AFP via Getty Images)

Analysis

Egypt walks tightrope between Turkey thaw and warmer Cyprus, Greece ties

Analysts believe Egypt's rapprochement with Turkey will not affect its long-standing relations with Cyprus and Greece given the mutual benefits they share.

Sara Sherif

Syria electrical poles

Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity

Syria’s electricity grid needs extensive expansion after 14 years of civil war.

US Energy Secretary Chris Wright speaks with Al-Monitor president Andrew Parasiliti at an Al-Monitor Global Institute event in Washington, DC, May 22, 2025.

US backs more energy investment in Kurdistan region: Energy secretary

Speaking at the Al-Monitor Global Institute event, US Energy Secretary Chris Wright signaled American support for further investment in Iraqi Kurdistan’s hydrocarbon resources.

BRENDAN SMIALOWSKI/AFP via Getty Images

AI chips, drones, jets: A look at Trump's $3.2 trillion megadeals during Gulf trip

Amid photo ops and lavish receptions, President Donald Trump’s Gulf trip yielded $3.2 trillion in announced deals with Saudi Arabia, Qatar, and the UAE — though some details remain vague.

Turkish President Recep Tayyip Erdogan (front-R) and Iraqi Prime Minister Mohammed Shia al-Sudani (front-L) clap after sponsoring the signing ceremony of memoranda of understanding between Iraq and Turkey, in Ankara on May 8, 2025.

Turkey, Iraq leaders tout cooperation in Ankara, but major disputes persist

The Turkish and Iraqi leaders signed 11 cooperation deals in Ankara, but talks yield no apparent breakthrough on suspended oil exports or electricity flow.

Nodding donkey rig pumping crude oil up from the ground of an oil field in the desert.

Goldman Sachs lowers oil forecast after OPEC+ boosts production: What to know

Saudi Arabia, Russia and other members of OPEC+ announced another major production increase, sending oil prices below $60 a barrel.

Brandon Bell/Getty Images

OPEC+ moves up meeting as oil prices continue to drop: What to know

Saudi Arabia has signaled it is willing to live with lower oil prices as US President Donald Trump calls for more production.

A worker is seen at the Gathering Center 15 (GC 15) oil facility 28 March 2005 in the northern Al-Rawdhatain oilfield, 80 Kms from Kuwait City.

Kuwait renews Shell deal as it seeks to hit 4-million-bpd capacity target

Kuwait, which has one of the lowest costs of production in the world, has lagged behind its regional peers in expanding oil production capacity.

This picture shows a poster depicting King Abdulaziz bin Saud (L), the founder of the modern kingdom of Saudi Arabia, King Salman bin Abdulaziz (C), and Crown Prince Mohammed in Riyadh on April 16, 2023.

China’s Sinopec, Saudi Aramco to establish $4B energy venture: What to know

The joint venture will engage in port operations, crude oil transportation and other activities at the refinery and petrochemical complex in the Gulei Port Economic Development Zone in Zhangzhou, in China's Fujian province.

Demonstrators gather outside the thermal power station in Nasiriyah in Iraq's southern Dhi Qar province to demand the construction of a new station for their region, to allow the province to deal with the chronic power cuts and palliate electricity outage that weight on the daily life, on Sept. 4, 2024.

Exclusive

Turkey stops electricity sales to Iraq after Baghdad fails to settle $70M+ bill

Turkey halted electricity exports to Iraq over unpaid dues, straining ties as Baghdad faces a summer power crunch and unresolved Kurdish oil disputes.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Saudi Arabia, UAE, Qatar face uneven 2025 growth as trade tensions rise: IMF

While Gulf economies face only the Trump administration’s baseline 10% tariffs, the levies have already impacted oil prices and revenue, especially for rentier states like Saudi Arabia.

COONC

UAE’s ADNOC inks deal with China’s largest offshore producer as US tariffs bite

A third LNG deal has been struck between a Chinese entity and the Abu Dhabi National Oil Company as Beijing scrambles for alternative sources to replace the US supply.

United Arab Emirates