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
Renewable energy industry not ready to shoulder global demand, Aramco says The boss of the world's largest oil company doubled down on investing more in oil and gas, despite Greta Thunberg and other climate activists protesting outside the conference he was speaking at in London. Saudi Arabia
Oil, gold climb amid Israeli-Hamas war, tighter Russian sanctions One analyst predicts gold could reach $4,000 per ounce by year-end amid uncertainty caused by the Middle East conflict. Israel
Analysis Gaza war tests fragile Israel-Turkey rapprochement as Erdogan ups rhetoric Seen once as a champion for the Palestinians, Erdogan has lambasted the Israeli airstrikes in Gaza even as his government has tried to mend ties with Israel. By Ezgi Akin In Ankara, reporting on diplomacy, EU-Turkey ties, NATO
Israel-Gaza war: Oil prices spike, Israel begins sell-off to support shekel Israel's currency tumbled to its lowest level against the dollar since 2016 and the central bank is selling foreign reserves to prop up its value. Israel
Analysis As Armenia's ties strain with Turkey, France pushes EU to stand with Yerevan France has positioned itself strictly on Armenia’s side on the Nagorno-Karabakh dispute, but can it avoid generating another crisis with Turkey? By Rina Bassist In Paris, reporting on Israeli politics and European affairs
Turkey’s energy minister to visit Israel as talks advance on gas transfers to Europe The Turkish energy minister says his country’s priority is to bring Israeli gas to Turkey. Turkey
Israel, Azerbaijan announce landmark deal for sale of two satellites Israel Aerospace Industries and Azeri space agency Azercosmos announced the signing of an agreement for the sale of two Israeli-developed satellites. Israel
Saudi Arabia, Russia to extend voluntary oil cuts to tighten supply The announcement from the two most powerful members of the OPEC+ group came hours before ministers from the cartel of oil-producing nations were set to meet virtually on Wednesday. Saudi Arabia
Eni, Qatar Energy, TotalEnergies bid for Lebanon offshore gas exploration fields The three energy companies, which are already operating in another block in Lebanese waters in the Eastern Mediterranean, submitted their tenders for offshore exploration in blocks 8 and 10. Lebanon
Saudi Arabia projects $21 billion deficit as economy diversifies from oil The kingdom was among the world’s fastest-growing economies last year with almost 9% GDP growth after a petrodollar boom amid a global rise in energy prices due to inflation and the Ukraine war. Saudi Arabia
Saudi Aramco makes first global LNG investment with US MidOcean stake MidOcean Energy is in the midst of buying interests in four LNG projects in Australia as part of its growth strategy. Saudi Arabia
UAE’s Masdar to triple Southeast Asia’s largest floating solar plant The new agreement between Masdar and Indonesian power utility PLN Nusantara Power will launch Phase II of the Cirata floating solar plant in the Indonesian province of West Java. United Arab Emirates
