Oil and gas

https://www.al-monitor.com/originals/2026/06/will-pashinyans-victory-armenia-be-enough-unlock-peace-turkey-azerbaijan

Explainer

Venezuela’s Delcy Rodriguez meets Erdogan in surprise Turkey visit: What to know

Venezuelan acting President Delcy Rodriguez visited Turkey as part of Caracas' post-Maduro diplomatic outreach, seeking to deepen ties with Ankara in energy, trade and mining despite the continued constraints of remaining US sanctions.

BOUREIMA HAMA/AFP via Getty Images

Algeria begins work on Trans-Saharan gas pipeline to Europe

Algerian state-owned energy giant Sonatrach will build a section of the pipeline and connect it to an existing system in the southwestern Aoulef region that supplies Europe.

AFP via Getty Images

Oman denies disruption at key oil hub after reported drone attack

Oman’s state-owned oil company rebuffed reports about the suspension of oil loading operations at a key port following an alleged drone attack.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

How Iran war created unexpected economic beneficiaries

The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East.

Latest News

After Gulf attacks, Rubio faces pushback on 'war is over' claim

US Secretary of State Marco Rubio testifies during a House Committee on Foreign Affairs hearing in the Rayburn House Office Building on June 03, 2026, in Washington. The hearing was held to examine the State Department's budget request for fiscal year 2027.

Egypt, Turkey push energy ties in Azerbaijan talks amid Hormuz crisis

A photo of Karim Badawi, Minister of Petroleum and Mineral Resources, speaking at the high-level ministerial session of Baku Energy Week in the Azerbaijani capital.

UAE eyes first multifuel pipeline as Hormuz crisis drags on

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025.

United Arab Emirates

Oil tumbles as Iran signals Hormuz could open within 30 days

Vessels are anchored off the coast of Sharjah in the United Arab Emirates on May 21, 2026.

Lorries roll along the highway between Riyadh and al-Ahsa, some 200 kilometers east of the Saudi capital, on March 15, 2026. The war sparked by US-Israel strikes on Iran on February 28 has sparked chaos on global markets, and sent the price of oil soaring after the Islamic republic imposed control by force over the crucial artery. (Photo by Fayez NURELDINE / AFP via Getty Images) /

US tells citizens to leave Saudi Arabia as Iran strikes energy sites: What to know

The US Embassy in Riyadh urged its citizens to leave Saudi Arabia after a spike in Iranian attacks targeting energy facilities in the kingdom.

A view of the oil refinery on March 17, 2026 in Erbil, Iraq.

Exclusive

Iraqi oil flows to Turkey after US pledges role in Baghdad-Kurds customs dispute

A US-brokered breakthrough between Baghdad and Erbil has restarted Iraqi oil exports through Turkey after a weeklong standoff.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

A picture shows smoke billowing from the Central Production Facility 1 gas refinery in Iraq's southern Maysan province on May 29, 2022.

Exclusive

Dana Gas evacuates Khor Mor staff in Iraq's Kurdistan Region after Iran threats

Tehran has warned it will target Gulf oil and gas facilities following Israel's strike on South Pars.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Lin Jian

China to send aid to Iran, Lebanon, Iraq, Jordan as Trump delays Beijing summit

The aid announcement comes as President Donald Trump said Tuesday that his late March visit to China would be postponed.

The city skyline is pictured in Dubai on March 11, 2026.

Analysis

How long can markets hold their bet on Gulf resilience as war drags on?

A prolonged closure of the Strait of Hormuz and continued assaults on Gulf energy infrastructure are likely to lead to regionwide credit deterioration, experts say.

In Bristol, reporting on regional business, climate change, AI, tech

An Iraqi oil tanker waits at the Khawr Abd Allah canal leading up to Al-Faw port in southern Iraq, on June 6, 2024.

Desperate to sell its oil, Iraq turns to Turkey amid standoff with Kurds

As Iraq looks to reroute oil to Turkey, Baghdad is also using the plan to push the Iraqi Kurds to greenlight exports through their territory.

A fuel pump is seen while refuelling a car at a gas station on March 13, 2026 in Kobe, Japan. Japan will release oil reserves to address the rise in gasoline and other petroleum products prices starting next Monday, said Prime Minister Takaichi Sanae. The International Energy Agency (IEA) stated that its member countries agreed to release the largest volume of emergency oil reserves in its history, responding to the disruption in energy markets caused by the Middle East War. (Photo by Buddhika Weerasinghe/G

IEA's Asian members begin deploying emergency oil reserves

International Energy Agency head Fatih Birol said Asian members were releasing more than 100 million barrels of crude to stabilize markets.

Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP via Getty Images

Oil jumps above $100 as energy crisis called worst in history: What to know

The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.

People sit in a cafe outside the Apple Store in Dubai on May 8, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Citi, HSBC order Gulf evacuations after Iran threatens US tech, banks

The United Arab Emirates is home to Dubai Internet City, which hosts more than 4,000 businesses, including US tech giants such as Google, Microsoft, Oracle, Dell, Amazon, Mastercard and Visa. Several of these companies also have offices in Abu Dhabi.

Sakis Mitrolidis / AFP via Getty Images

Group of 32 states to release 400M barrels of oil reserves: What to know

The move would mark the agency's largest ever release of oil reserves to stabilize the global market.

In Bristol, reporting on regional business, climate change, AI, tech

Gavriil Grigorov / AFP via Getty Images

Russia denied sharing intelligence with Iran in Trump call, Witkoff says

Russia denied US reports that it may have provided Tehran with targeting information on American assets in the region.

The sun sets behind burning gas flares at the Dora Oil Refinery Complex in Baghdad on Nov. 24, 2025.

Exclusive

Baghdad, US turn to Iraqi Kurds for oil exports as Iran war hits supplies

Baghdad wants Kurdish pipelines to move up to 200,000 barrels per day to global markets, but Erbil is demanding relief from a dollar embargo and greater autonomy over trade.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture