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
Oil prices rise by 5% after OPEC's surprise output cut decision Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output. Legacy: Gulf
OPEC+ likely to maintain output in light of Kurdish oil dispute Analysts say the OPEC+ alliance is unlikely to cut production and there could be be a oil glut in the second half of 2023. Legacy: Gulf
Saudi's Aramco could list in Hong Kong as China relations warm Aramco's latest deals in the Chinese market are fueling speculation that the Saudi giant could be set to list one of its subsidiary companies on the Hong Kong Stock Exchange (HKSE). Legacy: Gulf
Iraqi efforts underway to resolve Kurdish oil exports via Turkey Ankara, Baghdad and Erbil appear willing to negotiate a new mechanism after an international tribunal dealt a blow to Kurdistan’s drive to sell its oil independently. Turkey
Israeli, Cypriot, Greek FMs discuss Iran's IRGC in Cyprus meeting The Iranian threat, security cooperation, joint energy projects and tourism were all discussed at the three-way meeting of the Israeli, Cypriot and Greek foreign ministers in Nicosia. Israel
China settles first LNG trade in yuan with UAE deal China has held several discussions with countries in the Middle East and North Africa about conducting trade using its local currency. Legacy: Gulf
International oil firms stop operations as Iraqi-Kurdish oil dispute continues A Kurdish official told Al-Monitor that the Kurdistan Regional Government disagrees with an Iraqi government proposal to resolve the issue, as the stoppage of oil exports to Turkey threatens the autonomous region's economy. Iraq
Saudis joining Shanghai Cooperation Organization as China bromance blossoms Russia, China and a number of former Soviet states in Central Asia created the SCO in 2001 to counter US hegemony in the region. Legacy: Gulf
Analysis North Africa diesel exports to Europe surge as Russia digs deeper into Ukraine Europe has been looking for alternative sources of oil and gas in light of Western sanctions on Russia over the Ukraine war. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
UAE-Israel ties strengthen further with offer for NewMed Energy Abu Dhabi National Oil Company and British Petroleum are seeking a 50% stake in the firm. The news follows the activation of the Israel-UAE free trade agreement and another Emirati firm buying a stake in Israel's gas fields. Legacy: Gulf
Saudi Arabia, UAE court China in search for stability with Iran The Arab Gulf states remain cordial and diplomatic as the United States, Russia, China and Iran feud over spying and matters of international law. Legacy: Gulf
Oil spill hits Kuwait but production unaffected Oil production was unaffected but some people were injured, according to the state-owned oil firm. Kuwait
