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
Erdogan touts potential gas deal ahead of Turkmenistan summit At Wednesday's summit in Turkmenistan, Turkish President Recep Tayyip Erdogan is eyeing a gas deal that would extend into Europe. Turkey
Egypt’s non-oil private sector records two years of contraction The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020. Egypt
TotalEnergies proceeds with gas exploration plans in Lebanon Lebanon has been eagerly working with the French energy giant since reaching a historic maritime border agreement with Israel in October. Lebanon
Israeli gas sector strengthens with Chevron, Morocco deals Israel is already exporting gas to Egypt and Jordan and is now eyeing greater energy ties with Morocco following the Abraham Accords. Israel
Oil prices fall to lowest since January despite Saudi-backed production cut The price decrease could be worrisome for Saudi Arabia and its investment plans. Legacy: Gulf
US unveils sanctions on Turkish businessman over IRGC oil sales The United States designated what it described as an international oil smuggling and money laundering network led by Turkish businessman Sitki Ayan. Turkey
Analysis The Takeaway: Xi's Saudi Arabia trip sends a message to US Plus, the Biden administration gears up for next week’s summit of African leaders and warns that Iran is still fueling Yemen’s war. By Elizabeth Hagedorn In Washington, DC, reporting on diplomacy, regional politics, human rights
Malaysia’s Petronas to explore for 'unconventional oil' in Abu Dhabi Unconventional oil, which is extracted via relatively complex methods, is found in the Western Hemisphere and Russia. Abu Dhabi is also seeking to extract some after successfully obtaining unconventional gas. Legacy: Gulf
China’s Xi heads to Saudi Arabia, adding strain to US ties Xi's visit to Saudi, the first in six years, will include two summits with Arab and GCC leaders and could see an agreement on nuclear technology Legacy: Gulf
OPEC+ decision to maintain production marks end of oil’s turbulent year The Saudi- and Russian-led cartel has both increased and decreased oil production this year, affecting global oil prices and relations with the United States in the process. Legacy: Gulf
International oil assets reported hit as Turkey strikes Syria's Kurdish zone Turkey’s wave of air attacks against Kurdish-controlled northeast Syria have reportedly hit oil assets run by international oil companies. Syria
Iran, Iraq sign $4 billion engineering agreement The deal comes at a notable time in Iran-Iraq relations, as the Islamic Republic continues to threaten and attack Kurdish groups in Iraq. Iran
