Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Explainer Rubio says Iran ‘lost’ Hormuz. Has it? US Secretary of State Marco Rubio said Wednesday that Iran has “lost complete control” of the waterway, pointing to the recovery in Gulf oil exports in September. Iran
Turkey, Pakistan to deploy forces to Saudi Arabia amid Houthi attacks Turkish, Saudi and Pakistani officials agreed to bolster military cooperation under the Mecca defense pact as Houthi attacks and fighting in Yemen intensify. Turkey
Mideast oil exports surpass prewar levels despite pipeline, ship attacks Bloomberg reported on Monday, citing sources, that Saudi Arabia’s key East-West Pipeline was flowing as normal, despite an earlier report that it had closed again following a new attack. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis As Iran’s grip on Hormuz weakens, what leverage does Tehran have left? By A correspondent in Tehran In Tehran, reporting on politics
Gas-rich Iran apologizes to citizens over chaotic shortages Despite sitting on the world's second-largest gas reserves, Iran has in recent days witnessed the chaotic management of its household gas heating, which is adding further to a host of unaddressed public grievances. Iran
Interview Oman banking on hydrogen, renewables in diversified energy strategy In an exclusive interview with Al-Monitor, Oman’s energy and minerals minister is charting a course for affordable, sustainable energy and welcomes international investors. Salim Al Aufi Oman Minister of Energy and Minerals
2022 in review: The year that broke US relations with OPEC+ After a tumultuous year for US-Saudi ties, there is little reason to expect US-OPEC+ tensions to ease in 2023. Legacy: Gulf
Israel expected to increase natural gas drilling in 2023 Faithful to his past energy policies and on the backdrop of the global energy crisis, Prime Minister-designate Benjamin Netanyahu is likely to expand exploration for natural gas off Israel's shores. Israel
Analysis 2022 in review: Saudi-China, Qatar-Germany deals cap Middle East's energy developments Hydrogen power, oil price fluctuations and electric vehicles could feature prominently in the region in 2023. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Iraqi PM stresses need for regional reconciliation at summit in Jordan Iraqi Prime Minister Mohammed Shia al-Sudani attended the second round of the Baghdad conference today in Jordan and expressed Iraq's willingness to push forward on regional cooperation and partnership. Iraq
Report: Israel may start exporting gas to Cyprus via new pipeline The comments from Cyprus’ energy minister come as Israel is eyeing more gas exports to Europe. Israel
Large gas field discovery brings Egypt closer to energy hub goal A newly discovered gas field is making Egypt's energy exporter hub vision more of a reality. Egypt
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
