Oil and gas

This picture taken on Oct. 19, 2020 in Istanbul shows Turkey's third drilling ship 'Kanuni' as it enters the bosphorus near Haydarpasa port.

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.

picture of Qatar Energy's operating facilities on March 3, 2026, in Ras Laffan Industrial City, Qatar.

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.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Gas prices over $6.00 are displayed at a Shell station across from the Marathon Petroleum Corp's Los Angeles Refinery on April 02, 2026, in Carson, California.

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.

A family sits against the backdrop of a dockyard in Khor Fakkan in the Gulf emirate of Sharjah, off the coast of the Gulf of Oman, on Feb. 25, 2026.

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.

Latest News

US strikes Iran’s Kharg Island as Trump threatens 'whole civilization'

Motorists ride scooters near a large political banner, depicting missiles being fired behind Iranian demonstrators in solidarity with the government, at Valiasr Square in Tehran on April 6, 2026.

From France to India: Who is Iran allowing through the Strait of Hormuz?

Indian vessel Nanda Devi, carrying liquefied petroleum gas, arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026, after Iran allowed it to pass through the Strait of Hormuz, a

Analysis

How the Iran war can help Syria manage Turkey and its regional rivals

This handout photograph provided by the Turkish Foreign Ministry press service shows Turkish Foreign Minister Hakan Fidan (L) meeting with Syria's Foreign Minister Asaad al-Shaibani (R) in Damascus on Dec. 22, 2025.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Iran rejects latest ceasefire proposal as Trump deadline looms

WASHINGTON, DC - APRIL 06: U.S. President Donald Trump speaks to the media as he attends the White House Easter Egg Roll on the South Lawn of the White House on April 06, 2026 in Washington, DC. The Easter Egg Roll is a White House tradition dating back to 1878. The Trumps also honored the 250th anniversary of the United States during the event. (Photo by Andrew Harnik/Getty Images)

(L-R) Russian President Vladimir Putin, Iranian President Ebrahim Raisi and Turkish President Recep Tayyip Erdogan.

Russia to invest $40 billion in Iran’s oil sector

The news came during Russian President Vladimir Putin’s visit to Iran and may have been motivated by US sanctions.

(L to R) Amos Hochstein, the US senior adviser for Energy Security, speaks with the Saudi Investment Minister Khalid al-Falih.

Venture capital investments in Saudi startups triple to $584 million

Saudi Arabia is proud of its emerging startup scene, but oil remains the bedrock of the Saudi economy.

A general view taken on April 9, 2014, shows the oil terminal of Marsa al-Hariga in Libya.

Explainer: Libya exports oil to Italy after end of shutdown in east

Tribes affiliated with Gen. Khalifa Hifter, who fought the government during the civil war, closed several oil fields due to a dispute with Libya’s state oil company.

US President Joe Biden takes notes while an usher serves coffee during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah on July 16, 2022.

Breaking | Last Updated: August 22, 2024, 10:46 am

Live Updates: Biden at GCC summit in Saudi Arabia 'the US is not going anywhere'

Follow along for the latest updates on the US president's trip to Israel, the West Bank and Saudi Arabia.

Egyptian workers wait for clients at a petrol station on July 5, 2014, in Cairo as the government drastically raised fuel prices to tackle a bloated subsidy system.

Egypt again raises fuel prices

The price of Brent crude oil actually recently fell to its lowest point in several months.

US President Joe Biden disembarks from his plane upon landing at Ben Gurion Airport,

Analysis

The Takeaway: Biden opens ‘new chapter’ with Middle East trip

Energy company touts oil for food for Syria; Ukraine’s ambassador in Turkey talks Russia; Iran’s unprecedented inflation; oil stoves make comeback in Lebanon; Sudanese civilians skeptical of moves by military leaders; and more.

Elizabeth Hagedorn

Andrew Parasiliti

By Elizabeth Hagedorn , Andrew Parasiliti

Iraqi Aqeel Hassan, one of the owners of private electric generators, is pictured on July 17, 2021, at his business in Baghdad's Sadr City.

Iraq diversifies, expands sources of energy and electricty

Iraq is looking to Arab partners to help expand energy production and imports to meet summer demand.

NIKOLAY DOYCHINOV/AFP via Getty Images

Turkey looks to import gas from Turkmenistan, test exports to Bulgaria

Turkey and Turkmenistan are working on a gas deal that will likely extend to Europe in a bid to reduce Western dependency on Russian gas.

A general view taken on January 6, 2015, shows the Mellitah Oil and Gas terminal on the outskirts of Zwara in western Libya.

Reports: Libya denies cutting gas exports to Italy

Italy wants Libya to boost its gas exports to Europe in an effort to reduce the continent’s energy dependence on Russia.

RAMI AL SAYED/AFP via Getty Images

Energy company touts oil-for-food scheme as Syrian aid route tightens

With Syria's sole remaining route for cross-border aid in peril, a London-based oil company is lobbying for an initiative that would see the proceeds of Syrian oil being used for aid, with the money going to the UN rather than Damascus.

Iran's Foreign Minister Hossein Amir-Abdollahian gives a joint press conference with his Russian counterpart Sergey Lavrov.

US unveils fresh sanctions on Iranian oil trade network

The Biden administration designated 15 individuals and entities located in Iran, Vietnam, Singapore, the United Arab Emirates and Hong Kong.

The beach in Beit Lahia looks out on the towers of an Israeli power plant in the city of Ashkelon, Gaza Strip, Dec. 15, 2021.

Egypt ready to help with Gaza Marine natural gas field

Palestnian officials claim the project has been complicated by Israel, which controls the coastal waters off Gaza.