Oil and gas

This picture taken on Oct. 19, 2020 in Istanbul shows Turkey's third drilling ship 'Kanuni' as it enters the bosphorus near Haydarpasa port.

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.

picture of Qatar Energy's operating facilities on March 3, 2026, in Ras Laffan Industrial City, Qatar.

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.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Gas prices over $6.00 are displayed at a Shell station across from the Marathon Petroleum Corp's Los Angeles Refinery on April 02, 2026, in Carson, California.

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.

A family sits against the backdrop of a dockyard in Khor Fakkan in the Gulf emirate of Sharjah, off the coast of the Gulf of Oman, on Feb. 25, 2026.

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.

Latest News

US strikes Iran’s Kharg Island as Trump threatens 'whole civilization'

Motorists ride scooters near a large political banner, depicting missiles being fired behind Iranian demonstrators in solidarity with the government, at Valiasr Square in Tehran on April 6, 2026.

From France to India: Who is Iran allowing through the Strait of Hormuz?

Indian vessel Nanda Devi, carrying liquefied petroleum gas, arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026, after Iran allowed it to pass through the Strait of Hormuz, a

Analysis

How the Iran war can help Syria manage Turkey and its regional rivals

This handout photograph provided by the Turkish Foreign Ministry press service shows Turkish Foreign Minister Hakan Fidan (L) meeting with Syria's Foreign Minister Asaad al-Shaibani (R) in Damascus on Dec. 22, 2025.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Iran rejects latest ceasefire proposal as Trump deadline looms

WASHINGTON, DC - APRIL 06: U.S. President Donald Trump speaks to the media as he attends the White House Easter Egg Roll on the South Lawn of the White House on April 06, 2026 in Washington, DC. The Easter Egg Roll is a White House tradition dating back to 1878. The Trumps also honored the 250th anniversary of the United States during the event. (Photo by Andrew Harnik/Getty Images)

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the 186th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna on June 3, 2023. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images)

OPEC oil export revenues surpass $870 billion, highest in decade

The revenues from the Organization of Oil Petroleum Exporting Countries peaked in 2012, when they reached $1.2 trillion.

Security ship crew members of Ministry of Maritime Affairs and Fisheries monitor radar during a patrol in the South China Sea, Natuna, Ranai, Indonesia, Aug. 17, 2016.

Indonesia seizes Iran-flagged ship suspected of transferring oil illegally

The 26-year-old tanker was seized and its crew were detained after the vessel was spotted in Indonesia’s North Natuna Sea, suspected of moving oil to Cameroon-flagged MT S Tinos without a permit on Friday.

Basra Oil Company's Director General Bassem Abdul Karim (R).

In Iraq and Algeria, TotalEnergies signs major deals

The deal between Iraq and TotalEnergies has been delayed for years and aims to help Iraq fix its longstanding power issues.

Iranian Revolutionary Guard speedboats cruise past an oil tanker off the port of Bandar Abbas, southern Iran, on July 2, 2012. Iran has come up with several methods to foil the European insurance embargo on ships loaded with its crude, a sanction which may harm its vital exports as much as the EU oil embargo itself. AFP PHOTO/ATTA KENARE (Photo credit should read ATTA KENARE/AFP/GettyImages)

US confirms Iran’s IRGC seized tanker smuggling fuel in Gulf

The seizure by the Islamic Revolutionary Guard Corps came just a day the US Navy thwarted attempts by Iran's navy to seize two commercial tankers in the Gulf of Oman.

A picture taken on October 13, 2021 shows Kuwait's largest oil refinery at the Al-Ahmadi complex, about 40 kilometres (25 miles) south of the capital Kuwait City. - A fire broke out on October 18, 2021 in Al-Ahmadi refinery, with no interruptions to site operations or petrol exports. The fire was reported at the site of Mina al-Ahmadi, located on the Gulf coast just opposite Iran, according to an AFP photojournalist. (Photo by AFP) (Photo by -/AFP via Getty Images)

Analysis

Saudi Arabia, Kuwait's gas dispute with Iran tests recent detente

Kuwait and Saudi Arabia consider the Durra gas field to be theirs, but Iran claims a part of it. The issue shows disagreements remain between Riyadh and Tehran following the resumption of diplomatic relations.

Adam Lucente

By Adam Lucente

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

ALEX HALADA/AFP via Getty Images

Iran boasts to OPEC of growing crude sales despite sanctions

Iran's top energy official told oil-exporting nations that the Islamic Republic is in good shape bypassing sanctions to sell its lifeline product as he advertised an attractive investment market in his country.

AFP via Getty Images

Analysts skeptical new Iran-US arrangement would significantly impact oil market

Tehran has been increasing its output over the last year despite the sanctions on its oil industry.

This picture taken from the sea of Dubai on March 3, 2021 shows the skyline of the Gulf emirate with Burj Khalifa in the centre.

UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip

Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, according to a UNCTAD report released Wednesday.

United Arab Emirates

Sultan Al Jaber

UAE COP28 president calls on oil firms to 'deliver climate action'

Sultan Ahmed Al Jaber gave a televised address to delegates at the OPEC International Seminar in Vienna, a meeting of oil executives and OPEC ministers.

United Arab Emirates

Israeli Foreign Minister Eli Cohen meets with Greek Foreign Minister Giorgos Gerapetritis, Athens, July 6 2023

Israel’s FM Cohen discusses Iran threat, energy cooperation in Greece

Israel’s Foreign Minister Eli Cohen met Thursday with newly his appointed Greek counterpart Giorgos Gerapetritis.

OPEC Secretary-General Haitham Al Ghais

OPEC on hunt for new members, secretary-general says

The oil cartel currently has 13 members, and 10 more countries form the OPEC+ group.

Screenshot of video captured of M/T Richmond Voyager being approached by an Iranian naval vessel during an attempt to unlawfully seize the commercial tanker in the Gulf of Oman, July 5, 2023.

Shots fired as Iran tries to seize oil tankers in Gulf of Oman, US Navy says

The United States said Iran’s navy opened fire on a commercial tanker while attempting to seize it off the coast of Oman, in the latest tense encounter since Washington has moved to block sanctioned exports of Iranian petroleum.