Oil and gas

Building construction at the Red Sea in Egypt.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war.

ABDULLAH DOMA/AFP via Getty Images

Explainer

Egypt, Libya begin studying $1B oil pipeline: What to know

The two countries are nearing the launch of a joint project to build a pipeline linking the Egyptian city of Alexandria with the Libyan city of Tobruk, Asharq Bloomberg reported.

Khaled ZIAD / AFP via Getty Images

Explainer

Iran-Oman deal spurs Hormuz hopes as Red Sea threats evolve

Iran has signaled that an agreement was reached with Oman establishing a Hormuz shipping route even as Houthi attacks in the Red Sea expand.

Iranian Foreign Minister Abbas Araghchi (L), Iranian parliament speaker Mohammad Bagher Ghalibaf (2nd L) and Omani Foreign Minister Badr bin Hamad Al Busaidi (R) attend a meeting in Muscat, Oman, on June 22, 2026.

Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

The new framework would give Iran a greater role in managing one of the world’s most strategically important maritime choke points.

Latest News

Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know

Fayez Nureldine / AFP via Getty Images

Oil jumps 8% as US-Iran war pressures Saudi Arabia, explosions hit Egypt

A trader works on the floor of the New York Stock Exchange on July 24, 2026, in New York.

Explainer

Tankers keep sailing Red Sea despite Houthi threats as Saudi oil lifeline faces strains

A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026.

Aramco turns to Egypt as Houthis disrupt Saudi oil exports: What to know

Sailors from the navy of Yemen's Aden-based internationally recognized government stand at machine-gun positions aboard a vessel patrolling a shipping lane off Hanish Island in the Red Sea on July 27, 2026.

This photograph taken on Sept. 22, 2022, shows logos of TotalEnergies.

Oman LNG deal spree continues with France's TotalEnergies

The French energy major is also working on the Marsa project in Oman, which it claims is the first LNG bunkering hub in the Middle East.

ncreased tensions in the region benefit Gulf states' bottom lines in the short term, while undercutting their longer-term economic visions.

Soaring regional tensions boost Gulf budgets, threaten long-term goals

Most of the Gulf’s economic diversification plans still rely heavily on oil and gas revenues, especially in Saudi Arabia, where the most speculative parts of Vision 2030 face a lack of interest by foreign investors.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

Workers tasked with putting out the fire in an oil well, set ablaze by retreating Islamic State (IS) jihadists, assemble a water pipeline in the town of Qayyarah.

Iraq plans to reopen own oil pipeline as talks to restart Kurdish route stall

The move to reopen the pipeline will irk the Kurdistan Regional Government, as it introduces a rival route to a section of the pipeline in Kurdistan that has been shut for a year and is a crucial economic source for the semi-autonomous region.

Workers walk along at refinery No. 2 (Phases 2, 3) of the South Pars Gas-Condensate field.

Turkey, Iran launch talks on energy cooperation

The talks, aiming to enhance energy cooperation between the two countries, kicked off in Tehran.

Office building of ADNOC (Abu Dhabi National Oil Company) in Abu Dhabi.

What’s behind Abu Dhabi’s $13 billion investment in gas?

The Abu Dhabi National Oil Company (ADNOC) is seeking more foreign partners as it aims to boost gas production capacity.

United Arab Emirates

ADEM ALTAN/AFP via Getty Images

From PKK to corridor project: Ambitious agenda awaits Turkey’s Erdogan in Iraq

Security cooperation and transport corridor plans are expected to top the agenda of the Turkish president’s visit to Iraq in April, the first of its kind since 2011.

A miner from Gold Fields South Africa company walks near the exit of the South Deep gold mine in Westonaria, Gauteng, on Oct. 12, 2022.

Saudi Arabia, UAE amp up Africa investments amid growing competition

Africa is seeing a major uptick in investments from the UAE, Qatar and Saudi Arabia, which presents the possibility of 'greater returns' for the Gulf states.

A view of refinery No. 2 (Phases 2, 3) of the South Pars Gas-Condensate field in Asalouyeh Seaport, north of the Persian Gulf in Iran.

What’s behind Iran’s $13B investment in domestic oil industry?

Iran’s oil exports are on the rise, particularly to China, though the country faces challenges in maintaining its oil production levels.

An engineer walks across the Zubair oil field in southern Iraq on Jan. 21, 2010.

Analysis

What does US sanctions waiver mean for Iraq’s energy dependence on Iran?

Iraq is seeking to boost its domestic natural gas sector and find alternatives to Iranian electricity but has not made significant progress, according to one expert.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

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

Israel’s NewMed Energy says UAE deal suspended amid Gaza 'uncertainty'

Israel-UAE relations have been negatively impacted by the war but still remain intact.

BULENT KILIC/AFP via Getty Images

Turkey doubles down on coal despite European efforts to decarbonize

Turkey has been importing around three quarters of its coal from Russia as prices have fallen since the Ukraine war began in Feb. 2022.

President and CEO of Saudi Aramco Amin Nasser speaks during a press conference in the eastern region of Dhahran, Saudi Arabia, Nov. 3, 2019.

Saudi Aramco turns to China for future oil demand as profits fall 25%

China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035.