Oil and gas

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

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)

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

Israeli strikes on Tehran have continued, prompting evacuation warnings, creating fuel and internet disruptions, and adding to the growing number of residents who are fleeing the capital.

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)

Analysis

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

With evacuations underway and investments at risk, the Kremlin still sees a chance to benefit by boosting gas exports and mediating US-Iran talks.

Nikita Smagin

By Nikita Smagin

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.

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

The shutdown comes after Israel launched a series of air strikes on Iranian military and nuclear sites as well as key nuclear scientists and officials.

Latest News

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.

Analysis

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

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)

Sara Sherif

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

Syria electrical poles

US backs more energy investment in Kurdistan region: Energy secretary

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.

Islamic Revolutionary Guard Corps speedboats cruise past an oil tanker off the port of Bandar Abbas, southern Iran, on July 2, 2012.

Iran says it seized ships in Gulf for alleged fuel smuggling

The seizure and arrest of the foreign crew members occurred south of the disputed Abu Musa island, according to Iranian state media.

High-level segment of the UNFCCC COP28 Climate Conference at Expo City Dubai on Dec. 2, 2023, in Dubai, United Arab Emirates.

Saudi Arabia’s ACWA Power to develop green hydrogen project in Indonesia

Green hydrogen has potential environmental benefits as well as drawbacks and is being pursued by Saudi Arabia, the United Arab Emirates and other Gulf states.

BUENOS AIRES, ARGENTINA - NOVEMBER 30: (L-R) Crown Prince of Saudi Arabia Mohammad bin Salman al-Saud and Russian President Vladimir Putin look on during the opening day of Argentina G20 Leaders' Summit 2018 at Costa Salguero on November 30, 2018 in Buenos Aires, Argentina. (Photo by Amilcar Orfali/Getty Images)

What’s on Putin’s agenda on rare trip to Saudi Arabia, UAE?

The Russian president's trip comes amid heightened tensions in the Middle East, where the Hamas-Israel war has threatened to spill into a wider regional conflict.

Kamala Harris

The COP28 scorecard: US leads methane charge, China to slash emissions

COP28 President Sultan Al Jaber also announced a deal to cut methane emissions from the fossil fuel industry, with ExxonMobil and Saudi Arabia's state-owned oil firm Aramco being among the 50 businesses that signed up.

United Arab Emirates

Police Officers stand in front of the Hofburg Palace, the venue of the 8th OPEC International Seminar, in Vienna, Austria, on July 5, 2023.

Breaking | Last Updated: November 30, 2023, 3:51 pm

Brazil to join OPEC+ as Saudi-led bloc agrees to oil cuts

Saudi Arabia, which leads the alliance of oil producers, has been instituting voluntary production cuts in an effort to keep prices up.

COP27 and COP28 presidents

COP28 opens in UAE amid intense scrutiny over fossil fuel links

A breakthrough was made on the first day of the UN climate summit as world leaders established a loss and damage fund to help developing countries adapt to climate change.

United Arab Emirates

COP28

Interview

IEA calls COP28 'big opportunity' to slash methane emissions

In an interview with Al-Monitor, the International Energy Agency's chief energy economist, Tim Gould, said the climate summit should focus on methane as well as climate finance for the developing world.

Tim Gould

Tim Gould

Chief Energy Economist of the International Energy Agency

Meloni MBS

Italy and Saudi Arabia in talks for major deals as ties grow under Meloni

The government of Italian Prime Minister Giorgia Meloni, which came into power in October 2022, has been working to deepen ties with energy- and cash-rich states in the Middle East and North Africa.

Fatih Birol

Middle East state oil firms ‘should set the tone’ for lowering emissions at COP28, IEA says

Chief energy economist Tim Gould said it was “a legitimate expectation that these companies should be doing more” to support the clean transition.

United Arab Emirates

Carbon capture

Oil & gas industry must not hide behind carbon capture 'illusion,' says IEA

Some of the major carbon emitters have ambitious plans to capture greenhouse gases, but those alone won't be enough to help the planet avert a climate crisis, the agency warned.

United Arab Emirates

COP28 President-Designate Dr. Sultan Al Jaber speaks onstage as COP28 President-Designate Dr. Sultan Ahmed Al Jaber and UN Special Envoy Michael R. Bloomberg Announce COP28 Local Climate Action Summit at COP28 In Dubai In December Alongside Local Leaders at The Plaza Hotel on Sept. 19, 2023 in New York City.

Business & Tech Briefing: Dubai gears up for COP28

In Bristol, reporting on regional business, climate change, AI, tech

US Special Presidential Coordinator for Global Infrastructure and Energy Security Amos Hochstein (R) arrives at the government palace for his meeting with Lebanon's caretaker prime minister in Beirut on August 30 2023. (Photo by ANWAR AMRO / AFP) (Photo by ANWAR AMRO/AFP via Getty Images)

Analysis

What does US envoy Hochstein’s trip to Israel mean for Gaza’s offshore gas?

Gaza’s offshore gas field could provide revenue to the Palestinians, but the estimated amount of gas in the area is relatively small.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change