Turkey launches first overseas drilling mission in Somalia: What to know A drilling ship has reached Somalia to start Turkey's first overseas drilling mission as regional rivalry heats up in the Horn of Africa. Turkey
Analysis How fast can Gulf energy production rebound after US-Iran ceasefire? The truce could pave the way for lost oil and LNG supplies to flow back to global markets, but restoring Gulf energy production to normal levels could take months, if not longer. By Samuel Wendel In Washington, DC, reporting on regional business and tech
EIA hikes 2026 oil price forecasts 22% as Hormuz fuels long-term market fallout In its latest update, the agency said international benchmark Brent crude is now expected to average $96 per barrel in 2026, up from $79 previously, with higher prices now expected to last through 2027. Iran
Iran threatens energy shock, ups Gulf strikes ahead of Trump deadline: What to know Majid Mousavi, head of the IRGC Aerospace Force, declared the start of a “new phase” of the war in response to US threats to target key Iranian civilian infrastructure. Iran
Analysis How the Iran war can help Syria manage Turkey and its regional rivals By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Daewoo fulfills Iraq’s Faw Port despite obstacles Iraqi government voted for signing a contract with the Korean company Daewoo to finish Faw Port project. Iraq
Gulf oil exporters cautiously optimistic for 2021 A new COVID-19 strain and the possible return of Iranian crude to global markets could inflict “short-term pains” to Gulf oil producers whose local populations hold on to the oil era. Legacy: Gulf
UAE joins Egypt-led Eastern Med Gas Forum Abu Dhabi announced that it has joined the Eastern Mediterranean Gas Forum based in Cairo, as part of efforts to counter Turkey’s ambitions in the area. Egypt
Gulf oil producers scramble to catch up on renewables The coronavirus pandemic has pushed Gulf leaders to realize the region needs to accelerate its shift toward renewables; environmental activists accuse the Gulf states of double-talk. Legacy: Gulf
How realistic are Turkey’s ambitions over strategic corridor with Azerbaijan Turkey is pinning high economic hopes on a transport link that would connect it to Azerbaijan and beyond, but Russia and Iran have caveats and the viability of Turkey’s projects are open to question. Turkey
OPEC and Russia agree to boost production in 2021 The agreement follows recent increases in global oil prices. The COVID-19 pandemic has hurt oil markets and, subsequently, the economies of several Middle Eastern states. Originals
Islamic State claims sabotage attack on Egypt’s gas pipeline to Israel Egypt's military said it was a "limited explosion." Egypt
Erdogan's call for two-state solution in Cyprus dims hopes for Turkish 'reset' with West Speaking during a visit to Northern Cyprus, Recep Tayyip Erdogan said Turkey would continue drilling in contested waters around Cyprus and the Greek islands “until a fair settlement” was reached. Turkey
Israeli, Greek, Cypriot defense ministers meet, reinforce security ties Defense Minister Benny Gantz meets with his Greek and Cypriot counterparts to reinforce the countries’ security ties and strategic cooperation. Israel
Greece, Egypt expect Biden will be 'decisive' in Mediterranean dispute, Greek PM says Greek Prime Minister Kyriakos Mitsotakis' comments came as Turkey announced it was extending exploratory work in the contested waters. Egypt
Russia, Iraq face OPEC+ cuts, look to new deals While Iraq's dependence on imported Iranian electricity continues to worry Washington, the key to breaking this energy dependence lies in the development of its own gas fields. Iraq
Saudi Aramco sees massive drop in third quarter profits The Saudi oil giant's slump is indicative of the crisis in Middle Eastern and global oil as the COVID-19 pandemic continues. Originals
