Oil and gas

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

Brent crude prices briefly jumped back above $80 per barrel on Wednesday as traders digested conflicting signals about efforts to end the war and reopen Hormuz.

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

3 Iranian tankers with 4.8M barrels of oil pass US blockade: What to know

At least three US-sanctioned Iranian-flagged tankers have exited the Gulf of Oman as the Trump administration eyes Tehran's moves ahead of sanctions waivers expected to begin Friday.

Jared Szuba

In Washington, DC, reporting on defense, national security, military

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on February 9, 2026. (Photo by Amjad Kurdo / Middle East Images / AFP via Getty Images)

Exclusive

US firm HKN Energy takes over 7 oil fields from Syria's Kurds

HKN Energy has begun operating seven oil fields under a 25-year agreement with Damascus, marking the first major production-sharing deal between Syria's new government and an international oil company.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Scott Olson/Getty Images

Explainer

US strategic oil stockpile nears four-decade low as Iran war drags on

The US Strategic Petroleum Reserve fell to 349.2 million barrels amid the global energy shock caused by the war in Iran.

Latest News

Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment

A long convoys of Iraqi diesel-laden tanker trucks line up along the highway Tartus-Baniyas highway as they wait to unload their cargo at the Baniyas port refinery on the Mediterranean Sea, on April 15, 2026.

Explainer

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

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

Algeria begins work on Trans-Saharan gas pipeline to Europe

BOUREIMA HAMA/AFP via Getty Images

Oman denies disruption at key oil hub after reported drone attack

AFP via Getty Images

Turkish Foreign Minister Mevlut Cavusoglu (R) and Israeli Foreign Minister Yair Lapid (L).

Israeli FM Lapid gets warm welcome in Ankara

Israeli Foreign Minister Yair Lapid is the latest regional leader to be greeted in Ankara as Turkey takes a fresh approach to its regional ties.

European Commission President Ursula von der Leyen (4th-R) poses for a group photo with the EU Commissioner for Energy Kadri Simson (6th-R), Egypt's Minister of Petroleum Tarek el-Mulla (5th-R), Israeli Minister of Energy Karine Elharrar (3rd-R) and other officials during the signing ceremony of a trilateral natural gas deal during the ministerial meeting of the East Mediterranean Gas Forum, Cairo, Egypt, June 15, 2022.

Egypt looks for boost from gas deal with Israel, EU

The EU, Egypt and Israel signed an agreement for the export of natural gas to Europe, which would reduce the latter’s dependence on Russian gas.

(L to R) Director-General of Syria's General Petroleum Corporation Nabih Khrestin.

Egypt-Lebanon gas deal awaits US decision on Syria sanctions

A State Department spokesperson said the administration will review the final contracts and financing terms to address any sanctions concerns.

Yair Lapid hosts hosting EU Commission President Ursula von der Leyen, on June 13, 2022.

European Commission head in Israel for talks on energy, natural gas

Prime Minister Naftali Bennett and Energy Minister Karin Elharar discussed with European Commission President Ursula von der Leyen possibilities for cooperation on exporting Israeli natural gas via Egypt to Europe.

Mohammad bin Salman

Biden to meet with Saudi crown prince in July visit

The president is expected to meet with Saudi Crown Prince Mohammed bin Salman in the Saudi Arabian city of Jeddah following a visit to Israel and the West Bank, a senior administration official said.

A military vessel of the United Nations peacekeeping force in Lebanon (UNIFIL) is pictured off the coast of the southern Lebanese town of Naqura, on the border with Israel, where delegations from the two countries were meeting, Nov. 11, 2020.

Maritime dispute with Lebanon threatens Israeli natural gas drilling

Israel hopes that a solution can be found to the maritime border dispute with Lebanon so Energean can start drilling in the Karish field in the third quarter of 2022.

Egyptian President Abdel Fattah al-Sisi (back-R) and his Russian counterpart Vladimir Putin (back-L).

Russia launches production for Egypt’s nuclear power plant

Ukraine war not stopping Russia’s Rosatom from manufacturing equipment for Egypt’s first nuclear power plant.

The U.S. Department of State is seen on Jan. 6, 2020, in Washington, DC.

No sanctions assurances offered on Lebanon energy plan: State official

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal city of Caesarea, Israel, Dec. 19, 2019.

Egypt's gas imports from Israel hit all-time high

Gas flows hit a new record in the first quarter of the year and peaked in March, when Cairo purchased above contractual volumes.

MAZEN MAHDI/AFP via Getty Images

OPEC+ alliance agrees to production increase

Pressure on Saudi Arabia, Russia and other major oil producers has boosted production amid high prices.

AL-MONITOR Staff

By AL-MONITOR Staff

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea.

Could Turkey-Israel rapprochement lead to gas agreement?

The Cyprus conflict stands as a major stumbling block before potential plans to carry Israeli gas to Europe via Turkey.

Barham Salih, prime minister of the Iraqi Kurdistan Region Government, speaks during a conference of Kurdistan-Iraq Oil and Gas forum, Erbil, Iraqi Kurdistan, Nov. 13, 2011.

Dispute over Iraqi Kurdistan's energy resources ramps up

The Iraqi Ministry of Oil has announced plans to establish a new oil company for the Kurdistan Region.