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
Saudi Aramco tops Middle East companies for 2023: Forbes The Saudi oil giant continues to perform well on the back of oil prices. The list also revealed strong performances by several Moroccan banks. Legacy: Gulf
Iran's president travels to Nicaragua, Cuba, Venezuela in anti-US blitz The visit will take the Iranian president to three leftist countries with which Tehran shares both American sanctions and a vigorous anti-American agenda. Iran
Israel advances EastMed undersea electricity cable connecting with Europe In Paris meetings with international bodies, Energy Minister Israel Katz is promoting Israel's plans for a subsea electricity cable that would connect to other countries in the region and Europe. Israel
MBS holds call with Putin, talks oil prices as Blinken visits Saudi Arabia The IMF projected that Saudi Arabia’s economic growth will slow to 2.1% in 2023 from its 3.1% forecast in May, after the kingdom cut more oil production on Sunday. Saudi Arabia
Analysis One year on, Algeria-Spain blockade shows little sign of easing Since Algeria imposed trade sanctions on Spain on June 8, 2022, both economies have lost out on billions of dollars in business. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Venezuela's Maduro visit to Saudi Arabia is another signal to US Venezuela’s Minister of Foreign Relations Yvan Gil said Monday that cooperation projects in oil and gas, petrochemicals and infrastructure were addressed in Jeddah. By Salim A. Essaid
Blinken heads to Saudi Arabia with Israel ties on agenda Secretary of State Antony Blinken’s much-anticipated visit to the kingdom comes after years of strain over the price of oil and human rights. Saudi Arabia
Why is Venezuela's Maduro visiting Saudi Arabia? The Venezuelan president's visit to the kingdom is the first since 2015, on his way back from Turkey where he attended Recep Tayyip Erdogan's inauguration. Legacy: Gulf
Israel announces new natural gas field off its coast The official announcement on the discovery of the Katlan-Orca natural gas field off Israel's coast paves the way for hydrocarbon exploration company Energian to seek development and exploitation permits. Israel
Qatar forum warns of economic downturn, shift in cryptocurrency One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power. Qatar
Germany, Italy hold talks with Saudi Arabia, Qatar to strengthen energy ties Italy is looking for capital from Saudi Arabia's Public Investment Fund for a new fund Rome is setting up to help domestic companies in strategically important sectors. Saudi Arabia
Russia’s Tatneft makes new oil discovery in Libya Russia and the controversial military contractor Wagner Group have longstanding interests in Libya’s oil, but instability has hurt the ability of Russian oil companies to operate in the North African country. Libya
