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
Egypt persuades Israel to extract Gaza’s natural gas Al-Monitor obtained information from Palestinian and Egyptian officials about the success of Egyptian mediation in pushing Israel to allow the start of extracting natural gas off the coast of the Gaza Strip. Egypt
Iraq, Jordan launch electrical grid connection project Iraq and Jordan launched a project for an electrical grid connection between the two countries in order to improve Iraq's electricity situation and boost economic ties between the two countries. Iraq
Israeli defense minister fosters security ties in Azerbaijan Israeli Defense Minister Benny Gantz traveled this week to Azerbaijan on the backdrop of growing tensions with Iran and Jerusalem’s desire to deepen strategic, security and economic ties with Baku. Israel
Turkey-Libya energy deal clouds waters in East Mediterranean An energy deal signed between Turkey and the Libyan administration of Abdul Hamid Dbeibah on Monday has brought a reaction from Greece, EU and Libya’s eastern-based parliament. Turkey
Israel, Cyprus to resolve disagreement over maritime gas field Most of the disagreement points between Israel and Cyprus over the joint Aphrodite-Yishai natural gas reservoir have been resolved, and an agreement is apparently imminent. Israel
Abu Dhabi port operator signs oil transport deal with Iraqi firm AD Ports Group is seeking to expand its international business, recently making agreements in Egypt and Uzbekistan to this end. Iraq
Breaking | Last Updated: September 29, 2022, 6:42 pm US unveils new sanctions targeting Iran’s oil sales The Biden administration on Thursday blacklisted entities in China, Hong Kong, Iran, India and the United Arab Emirates over their alleged involvement in Iran’s petrochemical trade. Iran
UAE to help Germany reduce dependence on Russian gas Qatar is also reportedly close to supplying the European country with natural gas amid the Ukraine war. United Arab Emirates
Iraqi prime minister emphasizes Iraq's role in regional stability at UN The Iraqi prime minister highlighted Iraq's main issues and the country's regional and international significance at the UN General Assembly. Iraq
Natural gas profits finally put Israel's wealth fund into business After four disappointing years, Israel’s wealth fund, based on tax revenues from natural gas companies, has enough money to begin making investments. Israel
Israeli natural gas revenues boom With a projected increase in output, Israel will have the opportunity to boost exports to Europe. Israel
Dubai supplier to replace coal with natural gas in bid to reduce carbon emissions The Abu Dhabi National Oil Company signed an agreement to provide Dubai with natural gas, which will be used to generate electricity. Natural gas is a relatively clean fuel but does lead to carbon emissions. United Arab Emirates
