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
RSF seizes Sudan’s largest oilfield: What to know The Heglig oil field is the largest in Sudan and a key facility for South Sudan, which relies heavily on Heglig to export its oil. Sudan
Exclusive Iraq's Kurds air fury over PM Sudani's stance after attack on gas field “We were shocked at Sudani’s audacity. Imagine the state we would have been in had he gotten his way,” a senior Iraqi Kurdish official speaking not for attribution told Al-Monitor. By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
UAE pledges up to $50B for Canada during Carney's Abu Dhabi visit The agreement was signed by Canadian Prime Minister Mark Carney and UAE President Mohammed bin Zayed Al Nahyan on Friday, during the former’s official visit to Abu Dhabi. United Arab Emirates
Syria signs deals with ConocoPhillips, Novaterra Energy: What to know Syria signed a memorandum of understanding with US energy companies ConocoPhillips and Novaterra Energy to develop and explore gas fields as Damascus works to revive the country’s battered natural gas sector. Syria
Egypt, Russia advance construction at Dabaa nuclear plant: What to know The Dabaa nuclear plant could help Egypt address its energy woes while boosting cooperation with Russia. Egypt
Iran doubles down on Venezuela support as Trump ups threats: What to know Iran is seeking to boost ties with Venezuela and has expressed solidarity following US strikes targeting drug smugglers off the country's coast, though their energy relationship has declined in recent years. Iran
Syria advances Qatar-backed $7B power project amid soaring electricity prices According to the state-run Syrian Arab News Agency, the plants will use a combination of natural gas and solar energy. Syria
Egypt courts investors, signs new gas deals at Abu Dhabi ADIPEC summit Minister Karim Badawi met with executives from companies including Abu Dhabi sovereign wealth fund Mubadala, UAE state energy holding company TAQA, US conglomerate Halliburton and British Petroleum. Egypt
Turkey, Iraq sign oil-for-water deal: What to know The landmark deal between Ankara and Baghdad sets out a finance mechanism to direct Iraqi oil proceeds into Turkish-built water infrastructure. Turkey
Oil prices fall for 3rd straight month as Saudi-led OPEC+ weighs more cuts The falling oil prices are being driven further down by China’s slowdown and are affecting Saudi Arabia’s diversification plans. Saudi Arabia
US energy secretary scraps visit after Israel puts $35B Egypt gas deal on hold Despite US pressure, Energy Minister Eli Cohen refuses to approve a $35 billion gas deal with Egypt until "a fair price for the Israeli market" is secured. Israel
Turkey seeks to bolster Eastern Med foothold in new Libya energy talks The talks between the Turkish ambassador in Libya and the Tripoli government’s energy minister come as Turkey seeks to reduce dependence on energy imports and bolster its energy security. Turkey
