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. By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
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. Iran
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. By Nikita Smagin
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. Israel
Israel, Cyprus, Greece leaders enhance cooperation on gas infrastructure The leaders of Israel, Greece and Cyprus met in Nicosia to discuss strengthening the trilateral strategic alliance between the countries and exploring options for exporting Israeli natural gas via Cyprus to Europe. Israel
Iran's oil production bounces back as exports to China rise despite sanctions Iran's oil industry was hurt by the reimposition of US sanctions in 2018, but has largely recovered since then, in part due to increased exports to China. Iran
Egypt to drill 35 gas wells by 2025 as BP invests The energy giant pledged $3.5 billion in investment into gas exploration in Egypt over the next three years. Egypt
Saudi Arabia’s foreign reserves shrink by $16B in July amid oil cuts The kingdom’s net foreign assets declined to 1.53 trillion riyals ($407 billion), according to the central bank’s monthly report published on Monday. Saudi Arabia
Turkey, Saudi Arabia ink critical mineral cooperation deal Green energy investments will have an important share in cooperation between Turkey and Saudi Arabia, said the Turkish energy minister. Turkey
Fossil fuel subsidies in Middle East nearly doubled since 2020, says IMF The fund said that fossil fuel companies globally benefited from $13 million in subsidies per minute last year. Legacy: Gulf
Israel to export more gas to Egypt as cooperation grows Israeli-Egyptian cooperation on gas matters has increased significantly in recent years, despite Egyptian criticism of Israeli policy towards the Palestinians. Egypt
Turkey’s FM tackles long-held disputes with Iraq in first official visit Hakan Fidan chose Iraq for his first official visit as Turkey's new foreign minister, but the visit appeared to yield little progress on long-standing disputes between Ankara and Baghdad. Turkey
US shale giant to invest $1.4B in Egyptian fossil fuel projects At the end of last year, Apache Corp's main interests in Egypt were in the Western Desert with 5.3 million gross acres in six separate concessions. Egypt
US finally unloads Iranian oil from seized tanker The Iranian oil aboard the Suez Rajan sat unloaded off the coast of the United States for months amid threats from Iran, causing concern in Congress. Iran
Israeli environmental report warns of threats to Eilat coral reef Following an alarming report by the Ministry of Environmental Protection, Israeli environmentalists are calling for tighter limits on oil shipping in the Gulf of Eilat. Israel
Hungary inks deal for Qatari gas Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources. Qatar
