Oil and gas

https://www.al-monitor.com/originals/2026/06/will-pashinyans-victory-armenia-be-enough-unlock-peace-turkey-azerbaijan

Explainer

Venezuela’s Delcy Rodriguez meets Erdogan in surprise Turkey visit: What to know

Venezuelan acting President Delcy Rodriguez visited Turkey as part of Caracas' post-Maduro diplomatic outreach, seeking to deepen ties with Ankara in energy, trade and mining despite the continued constraints of remaining US sanctions.

BOUREIMA HAMA/AFP via Getty Images

Algeria begins work on Trans-Saharan gas pipeline to Europe

Algerian state-owned energy giant Sonatrach will build a section of the pipeline and connect it to an existing system in the southwestern Aoulef region that supplies Europe.

AFP via Getty Images

Oman denies disruption at key oil hub after reported drone attack

Oman’s state-owned oil company rebuffed reports about the suspension of oil loading operations at a key port following an alleged drone attack.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

How Iran war created unexpected economic beneficiaries

The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East.

Latest News

After Gulf attacks, Rubio faces pushback on 'war is over' claim

US Secretary of State Marco Rubio testifies during a House Committee on Foreign Affairs hearing in the Rayburn House Office Building on June 03, 2026, in Washington. The hearing was held to examine the State Department's budget request for fiscal year 2027.

Egypt, Turkey push energy ties in Azerbaijan talks amid Hormuz crisis

A photo of Karim Badawi, Minister of Petroleum and Mineral Resources, speaking at the high-level ministerial session of Baku Energy Week in the Azerbaijani capital.

UAE eyes first multifuel pipeline as Hormuz crisis drags on

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025.

United Arab Emirates

Oil tumbles as Iran signals Hormuz could open within 30 days

Vessels are anchored off the coast of Sharjah in the United Arab Emirates on May 21, 2026.

This picture shows pumpjacks in an oil field and smoke plumes rising in the background, following reported Turkish drone strikes near the town of al-Qahtaniyah in Syria's northeastern Hasakah province, close to the border with Turkey, on Nov. 23, 2022.

Exclusive

UK-based oil firm victim of standoff between Damascus, Syria’s Kurds

Gulfsands Managing Director John Bell outlines his company’s plans and Syria’s energy prospects in an exclusive interview.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Al Drago/Getty Images

US sanctions network smuggling Iranian oil diguised as Iraqi: What to know

The move come on the heels of the E3’s push to reimpose UN sanctions on Iran.

HUSSEIN FALEH/AFP via Getty Images

Syria exports first oil in 14 years after sanctions lifted: What to know

The shipment marks a major step forward for Syria, which has been embroiled in a civil war for 14 years and under Western sanctions for more than four decades.

Saudi companies signed agreements with Syria’s Ministry of Energy during the kingdom’s participation in the Damascus International Fair in Damascus, on Aug. 28, 2025.

ACWA Power, TAQA among Saudi firms backing Syria's energy comeback

Some 14 years of civil war have wiped at least $800 billion from the country’s gross domestic product, according to UN figures.

Saudi Investment Minister Khalid al-Faleh speaks during the fourth edition of the Future Investment Initiative (FII) conference at the capital Riyadh's Ritz-Carlton hotel on Jan. 27, 2021.

In China, Saudi investment minister looks to build on $100B+ trade ties

China is the kingdom’s largest trade partner, with bilateral trade between the two reaching roughly $107.5 billion in 2024.

Lebanese President Joseph Aoun, right, meets with US Ambassador to Turkey and Special Envoy to Syria Tom Barrack, in Baabda, east of Beirut, July 7, 2025.

Analysis

Lebanon key to Trump plan for turnaround in Middle East

The final "This Week" column reflects on US policy toward Lebanon, Syria, Iraq and Gaza.

Andrew Parasiliti

By Andrew Parasiliti

In Washington, DC, reporting on diplomacy, regional politics, national security

Oil tankers and cranes at Merchants Harbor, Saint Petersburg, Russia.

Analysis

As Trump plays Russia oil sanctions gambit, will Middle East profit or pay?

A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

adnoc

Landmark $18.7B Santos-ADNOC takeover delayed: What to know

Santos said in a statement that the due diligence period, initially set for six weeks, has been extended until Aug. 22.

United Arab Emirates

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

$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions

Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza.

A ship loaded with oil docks at a pier with the help of a tugboat at the port of Qingdao, in eastern China's Shandong province on June 12, 2025.

China's oil imports fall 5.4% as Iranian flows recede from June highs

US President Donald Trump has intensified pressure on Iran’s economy, clamping down on its oil sector, a critical component of the state budget.

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin (R) meets with UAE President Sheikh Mohamed bin Zayed bin Sultan al-Nahyan (L) at the Novo-Ogaryovo state residence outside Moscow on October 20, 2024. (Photo by Artem Geodakyan / POOL / AFP) (Photo by ARTEM GEODAKYAN/POOL/AFP via Getty Images)

UAE president heads to Russia to meet Putin as ties grow: What to know

UAE President Sheikh Mohammed bin Zayed al-Nahyan is heading to Moscow on Thursday for an official visit, his second in less than a year as Russian-Emirati relations continue to develop rapidly.

United Arab Emirates

An Iranian taxi driver cools down by splashing water on his face on a street amid soaring temperatures in Tehran on July 22, 2025.

Iran to close public offices as temperatures pass 105 F: What to know

Iranian officials are seeking to reduce public energy consumption as water levels decrease throughout the country and power cuts persist.