Turkey launches first overseas drilling mission in Somalia: What to know A drilling ship has reached Somalia to start Turkey's first overseas drilling mission as regional rivalry heats up in the Horn of Africa. Turkey
Analysis How fast can Gulf energy production rebound after US-Iran ceasefire? The truce could pave the way for lost oil and LNG supplies to flow back to global markets, but restoring Gulf energy production to normal levels could take months, if not longer. By Samuel Wendel In Washington, DC, reporting on regional business and tech
EIA hikes 2026 oil price forecasts 22% as Hormuz fuels long-term market fallout In its latest update, the agency said international benchmark Brent crude is now expected to average $96 per barrel in 2026, up from $79 previously, with higher prices now expected to last through 2027. Iran
Iran threatens energy shock, ups Gulf strikes ahead of Trump deadline: What to know Majid Mousavi, head of the IRGC Aerospace Force, declared the start of a “new phase” of the war in response to US threats to target key Iranian civilian infrastructure. Iran
Analysis How the Iran war can help Syria manage Turkey and its regional rivals By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Turkey says tanker seized by Iran carrying Turkish oil purchased from Iraq The ship was seized by the Iranian navy off the coast of Oman. Turkey
UAE President MBZ in Azerbaijan eyeing energy, investment cooperation Emirati entities have inked several energy deals with Azerbaijan in the past year. Legacy: Gulf
BP, Equinor change oil shipment plans after Red Sea Houthi attacks The Iran-backed rebels have said the attacks are in retaliation for the war in Gaza. Yemen
Iran says ‘enemy conspiracy’ behind outage at 70% of gas stations The Oil Ministry’s Shana news agency reported that operations will be running again as normal within “a few hours” and until then fuel is being distributed offline. Iran
Middle East transparency on carbon emissions lags behind rest of world Turkey and the UAE led the pack for most transparent countries in the region regarding greenhouse gas emissions. United Arab Emirates
COP28: historic deal agreed for world to ‘transition away’ from fossil fuels The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event. United Arab Emirates
China-Saudi Investment Conference begins in Beijing China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil. Saudi Arabia
After US, India, UAE, World Economic Forum expects Brazil to enter green coalition India, the UAE and the United States are part of the First Movers Coalition, a green alliance that Rob van Riet, senior adviser at the WEF's Center for Nature and Climate, told Al-Monitor he hoped Brazil will be the next to join. United Arab Emirates
With world's eyes on Gaza, Turkey attacks Syria's Kurds again As of the beginning of 2023, at least 32 civilians have died in Turkish attacks in northeast Syria, including seven women and five children, according to local monitoring organizations. Syria
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. Iran
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. Legacy: Gulf
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. Legacy: Gulf
