Oil and gas

The Al-Riqqa oil tanker (L) and Al-Yarmouk oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026.

Kuwait's LNG imports climb to highest level since start of Iran war

The country's domestic gas production has fallen drastically since the beginning of the US-Israel-Iran war in February.

Building construction at the Red Sea in Egypt.

Explainer

UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape

An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war.

ABDULLAH DOMA/AFP via Getty Images

Explainer

Egypt, Libya begin studying $1B oil pipeline: What to know

The two countries are nearing the launch of a joint project to build a pipeline linking the Egyptian city of Alexandria with the Libyan city of Tobruk, Asharq Bloomberg reported.

Khaled ZIAD / AFP via Getty Images

Explainer

Iran-Oman deal spurs Hormuz hopes as Red Sea threats evolve

Iran has signaled that an agreement was reached with Oman establishing a Hormuz shipping route even as Houthi attacks in the Red Sea expand.

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Explainer

Iran-Oman Hormuz route talks near 'completion': What to know

Iranian Foreign Minister Abbas Araghchi (L), Iranian parliament speaker Mohammad Bagher Ghalibaf (2nd L) and Omani Foreign Minister Badr bin Hamad Al Busaidi (R) attend a meeting in Muscat, Oman, on June 22, 2026.

Saudi Arabia's economy shrinks by 4.8% amid Iran war: What to know

Fayez Nureldine / AFP via Getty Images

Oil jumps 8% as US-Iran war pressures Saudi Arabia, explosions hit Egypt

A trader works on the floor of the New York Stock Exchange on July 24, 2026, in New York.

Explainer

Tankers keep sailing Red Sea despite Houthi threats as Saudi oil lifeline faces strains

A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026.

Cars are seen driving past a sales office of Iranian auto manufacturer Saipa group, Tehran, Iran, Sept. 12, 2015.

Iranian carmaker Saipa prepares first export to Venezuela

Cooperation between Iran and Venezuela now goes beyond oil.

An Iraqi worker adjusts a control valve at the Daura oil refinery, Baghdad, Iraq, Nov. 5, 2009.

Iraq expands refining capacity to reduce oil product imports

Many of the refineries in Iraq are outdated and operate below capacity.

People wave flags of Libya (R) and Turkey (L) during a demonstration in Martyrs' Square, Tripoli, Libya, June 21, 2020.

Libya derails Egypt-Turkey rapprochement

Egypt-Turkey talks to normalize their relations were halted in the wake of Ankara’s recent oil deal with Libya's Tripoli-based government.

Libyan Foreign Minister Najla al-Mangoush (R) and Turkish Foreign Minister Mevlut Cavusoglu.

Libya differences stall Turkey-Egypt fence-mending

Turkey’s moves in Libya have undermined its fledgling dialogue with Egypt, even as Ankara took a number of measures to restrict Brotherhood exiles to please Cairo.

Supporters of Hezbollah hold up their phones and wave the party flag during a celebration marking the 40th anniversary of the Shiite movement creation in southern suburb of Beirut on Aug. 22, 2022.

US sanctions oil shipping network supporting Hezbollah, Quds Force

The Treasury Department accused a Gulf-based group of individuals and front companies of concealing the Iranian origins of oil shipments.

Aramco exhibition section at the Misk Global Forum on innovation and technology held in the Saudi capital, Riyadh, on Nov. 13, 2019.

Saudi Aramco continues to reap big profits

The Saudi oil giant has been investing in futuristic technology as it benefits from high oil prices.

Participants attend the Abu Dhabi International Petroleum Exhibition and Conference, Abu Dhabi, Emirates, Nov. 11, 2019.

US, UAE sign clean energy partnership

The agreement unlocks $100 billion in financing.

(From L to R) Moderator Joha Simpson, BBC world affairs editor broadcaster, author and columnist, UAE Energy Minister Suhail Al Mazrouei, Omani Oil and Gas Minister Mohamed Al Rumhi and Bahrain's Oil and Gas Affairs Minister Mohammed Bin Khalifa Al Khalifa sit on a panel during the Abu Dhabi International Petroleum Exhibition and Conference), Abu Dhabi, Emirates, Nov. 7, 2016.

UAE warns against underinvestment in oil, gas at Abu Dhabi conference

The Abu Dhabi International Petroleum Exhibition and Conference also features more focus on decarbonization and hydrogen.

Saudi Arabia's Minister of Energy Abdulaziz bin Salman.

Saudi Arabia criticizes Biden over oil reserve release

The US president recently announced that he would sell some emergency oil reserves in response to the Saudi-backed oil supply cut.

JALAA MAREY/AFP via Getty Images

Israel moves to reduce industrial greenhouse gas emissions

Ahead of the COP27 climate summit in Egypt next month, the Israeli government is focused on reducing greenhouse emissions within the industrial sector.

KHALED DESOUKI/AFP via Getty Images

How OPEC+ production cut will impact Egypt

Experts say the OPEC+ decision to cut oil production won't hit Egypt as hard as some other countries.

US President Joe Biden delivers remarks on energy.

Biden announces release of oil reserves following Saudi-backed oil cut

One analyst said the move will not elicit a reaction from Saudi Arabia, which is in a dispute with the Biden administration over the recent OPEC+ oil production decision.