Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Explainer Rubio says Iran ‘lost’ Hormuz. Has it? US Secretary of State Marco Rubio said Wednesday that Iran has “lost complete control” of the waterway, pointing to the recovery in Gulf oil exports in September. Iran
Turkey, Pakistan to deploy forces to Saudi Arabia amid Houthi attacks Turkish, Saudi and Pakistani officials agreed to bolster military cooperation under the Mecca defense pact as Houthi attacks and fighting in Yemen intensify. Turkey
Mideast oil exports surpass prewar levels despite pipeline, ship attacks Bloomberg reported on Monday, citing sources, that Saudi Arabia’s key East-West Pipeline was flowing as normal, despite an earlier report that it had closed again following a new attack. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis As Iran’s grip on Hormuz weakens, what leverage does Tehran have left? By A correspondent in Tehran In Tehran, reporting on politics
Israel energy minister says gas flowing to Egypt, Jordan despite shutdown reports Israeli Energy Minister Eli Cohen told Al-Monitor that despite security concerns and partial shut down of marine gas platforms, Israel continues to supply gas to Egypt, Jordan and Israeli consumers. Israel
Turkey in talks with Iran to clear 11 ships stuck in Hormuz: What to know Turkey's transport minister says that 11 vessels await passage from Hormuz pending talks with Iran. Turkey
Jet fuel squeeze exposes Europe’s reliance on Middle East supply Lawmakers on the continent have been told to make "timely preparations in anticipation of a potentially prolonged disruption" in energy flows from the region. Iran
Egypt closes stores early, Jordan bans AC as Iran war takes toll Jordanian Prime Minister Jafar Hassan announced Monday that the use of air conditioning and heating equipment in ministries, government departments and public institutions will now be prohibited. Egypt
TotalEnergies reaped more than $1B profit from Iran war: What to know Non-Middle Eastern energy firms have been particularly benefiting as energy flows have been choked off from the Gulf. Iran
Analysis Energy storage keeps Turkey stable, but long war risks fragile economy Turkey avoids an immediate energy crunch thanks to storage and diversified supply, but soaring prices and prolonged disruption threaten inflation. By Barin Kayaoglu In Ankara, reporting on geopolitics and national security
No ships transit Hormuz as Iran plans safe-passage tolls: What to know An Iranian lawmaker told Fars News Agency that Tehran plans to charge ships tolls to ensure safe passage through the Strait of Hormuz, formalizing the country’s control over the strategic waterway. Iran
Analysis Italy, Spain eye Algerian gas as Iran war slashes Gulf supplies Italian Prime Minister Giorgia Meloni met Algerian President Abdelmadjid Tebboune in Algiers Wednesday in an effort maximize additional gas supplies from the North African nation. By Samuel Wendel In Washington, DC, reporting on regional business and tech
US ramps up emergency oil flows as prices swing on Iran strike pause US Energy Secretary Chis Wright announced Monday that the United States started releasing 1 million to 1.5 million barrels of oil per day last week from the Strategic Petroleum Reserve. Iran
Oil plunges 8% after Trump extends Iran ultimatum In a Truth Social post, US President Trump said that Washington and Tehran “have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.” Iran
Iran’s Hormuz choke hold leaves West divided as energy markets reel Between March 1 and March 19, there were only 114 crossings of the strait, according to analytics firm Kpler — 95% less than prewar traffic. Iran
Why a Kharg Island blockade could be Iran’s greatest economic threat The island is an energy hub that accounts for 90% of Iran's oil exports and is home to key Iranian military installations. Iran
