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
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
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. Turkey
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. Saudi Arabia
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. Iran
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. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
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. Legacy: Gulf
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. Turkey
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. Saudi Arabia
Kuwait's Durra gas dispute puts Iran in new showdown with Gulf rivals The issue has added to a list of already existing tensions between Iran and other Persian Gulf states, with Kuwait and Saudi Arabia upping the rhetoric over the past year, denying any Iranian share in the vast reserve. Iran
Iran, Algeria to build closer energy, tourism ties Europe is increasingly interested in Algeria as an alternative to Russia for gas supplies, while Iran is seeking to boost its own gas output amid continued US sanctions. Iran
South Sudan’s oil at risk due to Sudan civil war South Sudan depends on its northern neighbor to export its oil and is facing difficulties with the exports due to the war there and the conflict in the Red Sea. Sudan
Qatar places major bet on gas as Saudi Aramco scores new find in Jafurah Asian liquefied natural gas prices have fallen to a nearly three-year low as warmer winter temperatures have dampened demand. Qatar
