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

KRG Prime Minister Barham Salih speaks at a Kurdistan-Iraq Oil and Gas Forum in Erbil, Nov. 13, 2011.

Erdogan not giving up on gas from Iraqi Kurdistan

Erdogan appears bent on advancing energy deals with Iraqi Kurdistan, even as a gas project remains bogged down by legal, technical and financial snags.

Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Mustafa al-Kadhimi at a joint press conference in Ankara, Dec. 17, 2020.

Iraqi court's ruling on KRG gas puts Turkey on the spot

A top Iraqi court has ruled that the 2007 oil and gas law affecting the Kurdistan Regional Government is unconstitutional in a heavy blow to the KRG and its energy deals with Turkey.

Qatari liquefied natural gas carrier Duhail passes through the Suez Canal near the port city of Ismailia, Egypt, April 1, 2008.

Egypt breaks LNG export records with eye on Europe

The country recorded 10-year high sales in 2021 following a jump in global prices and resumption of production in its second liquefied gas facility, a flow local authorities hope to maintain as they try to become a regional hub and major player in the market.

A picture taken on Sept. 3, 2019, shows freshly painted blue roads in Doha, an experiment to cool the tarmac surface and reduce the temperature of surrounding areas.

Qatar National Bank launches environmentally friendly finance project

The Doha-based bank will loan cash to the British bank HSBC to be used for green transportation investments.

AL-MONITOR Staff

By AL-MONITOR Staff

Leviathan gas field

Negotiations likely to start over in Israel-Cyprus gas field dispute

Israel’s Energy Minister Karine Elharar is reexamining the Israel-Cyprus dispute over the gas field on their maritime border.

An Egyptian petrol station worker counts cash in Cairo on June 29, 2017.

Egypt raises fuel prices

The move follows oil prices reaching a seven-year high on the back of supply coordination by OPEC and Russia.

Yemenis displaced by conflict receive provisions to meet basic needs at a camp in Khokha district on Jan. 31, 2022.

The Takeaway: Yemen’s future may be affected by Iran talks

Iran and Israel; Iran and China; Iran and Turkey; Hamas alternative to "Fauda"; and more … all in less than 1,400 words.

Oil tanker SC Hong Kong is seen off the port of Bandar Abbas, southern Iran, on July 2, 2012.

Next phase of China-Iran ties depends on nuclear talks

Iran and China's long-term strategic partnership awaits any new outcome of the JCPOA.

President Joe Biden meets with Sheikh Tamim Bin Hamad Al Thani in the Oval Office on Jan. 31, 2022, in Washington, DC.

Biden eyes Qatar as major non-NATO ally

The upgrade in ties comes as the United States is seeking Doha's help in supplying natural gas to Europe.

An Iranian worker stands in front of gas pipelines next to the flags of Turkey (R) and Iran.

Iran’s gas cut exposes Turkey’s vulnerability to energy risks

Ankara’s energy preparedness for the winter and its capacity to secure alternative supplies have come under question after a halt in the gas flow from Iran sparked an unprecedented energy crunch in the country.

Lebanon's Energy Minister Walid Fayad (C) during the signing of a deal that will supply Lebanon with electricity, in Beirut on Jan. 26, 2022.

Lebanon signs new electricity deal with Jordan, Syria

A previously announced agreement to export Egyptian gas to Lebanon has yet to come to fruition.

Israeli navy vessels patrol the Mediterranean waters off the coast of Rosh Hanikra, an area at the border between Israel and Lebanon (Ras al-Naqura), as indirect talks on maritime borders between the two countries, still technically at war, resume under UN and US auspices, on May 4, 2021.

Israel says maritime talks with Lebanon to resume next week

The Israel Energy Ministry said talks would resume with its longtime foe over natural gas exploration in the eastern Mediterranean.