Oil and gas

This picture taken on Oct. 19, 2020 in Istanbul shows Turkey's third drilling ship 'Kanuni' as it enters the bosphorus near Haydarpasa port.

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.

picture of Qatar Energy's operating facilities on March 3, 2026, in Ras Laffan Industrial City, Qatar.

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.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Gas prices over $6.00 are displayed at a Shell station across from the Marathon Petroleum Corp's Los Angeles Refinery on April 02, 2026, in Carson, California.

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.

A family sits against the backdrop of a dockyard in Khor Fakkan in the Gulf emirate of Sharjah, off the coast of the Gulf of Oman, on Feb. 25, 2026.

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.

Latest News

US strikes Iran’s Kharg Island as Trump threatens 'whole civilization'

Motorists ride scooters near a large political banner, depicting missiles being fired behind Iranian demonstrators in solidarity with the government, at Valiasr Square in Tehran on April 6, 2026.

From France to India: Who is Iran allowing through the Strait of Hormuz?

Indian vessel Nanda Devi, carrying liquefied petroleum gas, arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026, after Iran allowed it to pass through the Strait of Hormuz, a

Analysis

How the Iran war can help Syria manage Turkey and its regional rivals

This handout photograph provided by the Turkish Foreign Ministry press service shows Turkish Foreign Minister Hakan Fidan (L) meeting with Syria's Foreign Minister Asaad al-Shaibani (R) in Damascus on Dec. 22, 2025.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Iran rejects latest ceasefire proposal as Trump deadline looms

WASHINGTON, DC - APRIL 06: U.S. President Donald Trump speaks to the media as he attends the White House Easter Egg Roll on the South Lawn of the White House on April 06, 2026 in Washington, DC. The Easter Egg Roll is a White House tradition dating back to 1878. The Trumps also honored the 250th anniversary of the United States during the event. (Photo by Andrew Harnik/Getty Images)

Two Iranian fuel tankers reach Venezuelan territory

The Associated Press reported that two Iran-flagged ships reached Venezuela and a third is on its way without US interference. Together they are carrying 815,000 barrels of fuel.

Iranian tanker reaches coast of Venezuela

Other Iranian ships are bringing fuel to and from the South American country, despite a US seizure of such vessels in August.

A picture taken on February 24, 2018 from Lebanon's southern border town of Naqura on the border with Israel, south of Beirut, shows the maritime boundaries between Lebanon and Israel.
The UN peacekeeping force in southern Lebanon has made efforts to prevent tension between Lebanon and Israel from escalating into a conflict, warning of continued escalation on the backdrop of oil exploration and construction of a barrier on the border. / AFP PHOTO / JOSEPH EID (Photo credit should read JOSEPH EID/AFP

US mediation pushes Israel, Lebanon on marking maritime border

Reports say that following US mediation, Israel and Lebanon are now ready to discuss the marking of their maritime borderline.

Egypt leads international coalition to confront Turkey in eastern Mediterranean

Egypt, Jordan, Israel, Cyprus, Greece and Italy signed the charter to transform the EastMed Gas Forum into a regional organization based in Cairo, in an attempt to form an international lobby capable of confronting Turkish ambitions in the eastern Mediterranean.

Saudi Arabia warns of ‘oil spot’ near aging tanker off Yemen's coast

UN officials have described the FSO Safer, an aging vessel that contains 1.14 million barrels of light crude oil, as a ticking time bomb.

Iran reportedly loading Venezuelan oil for sale abroad

Bloomberg reported that an Iranian ship reached the South American country last week. The United States is trying to stop fuel transfers between the two countries.

East-Med Gas Forum evolves as Israel, Egypt enhance cooperation

Israel’s Energy Minister Yuval Steinitz and six others sign the charter of the Eastern Mediterranean Gas Forum, which brings cooperation with other partners into a second, concrete phase.

Egyptian Minister of Petroleum Tarek el-Molla attends the East Mediterranean Gas Forum (EMGF), in Cairo, on January 16, 2020. (Photo by Khaled DESOUKI / AFP) (Photo by KHALED DESOUKI/AFP via Getty Images)

Egypt announces record-high crude oil production for first time in decades

Egypt’s Ministry of Petroleum has recently announced the achievement of a record number in producing crude oil, exceeding 65,000 barrels per day, for the first time since 1957.

OPEC+ pressures Iraq, UAE to further cut oil production

Saudi Arabia and other OPEC members held a virtual meeting with Russia and other allied oil producers today to discuss the continuing low price of oil amid the COVID-19 pandemic.

TOPSHOT - A worker of the Venezuelan state oil company PDVSA waves an Iranian flag as the Iranian-flagged oil tanker Fortune docks at the El Palito refinery in Puerto Cabello, in the northern state of Carabobo, Venezuela, on May 25, 2020. - The first of five Iranian tankers carrying much-needed gasoline and oil derivatives docked in Venezuela on Monday, Caracas announced amid concern in Washington over the burgeoning relationship between countries it sees as international pariahs. (Photo by - / AFP) (Photo

Iranian fuel tankers reported off coast of South Africa

The tankers are reportedly bringing oil to Venezuela and may be taking the longer African route to avoid US forces following a seizure in August.

Israeli Energy Minister Yuval Steinitz (R), Greece's Energy Minister Kostis Hatzidakis (2nd-R), Egyptian Minister of Petroleum Tarek el-Molla (2nd-L) and Cypriot Energy Minister Yiorgos Lakkotrypis (L) attend the East Mediterranean Gas Forum (EMGF), in Cairo, on January 16, 2020. - Israel began pumping natural gas to Egypt for the first time yesterday under a $15 billion, 15-year deal to liquefy it and re-export it to Europe. It is the first time that Egypt, which in 1979 became the first Arab country to si

Egypt, Cyprus focus on natural gas pipeline amid tensions in eastern Mediterranean

At a time when tensions are on the rise in the eastern Mediterranean, Egypt and Cyprus are intensifying talks to start building an offshore gas pipeline from the Aphrodite gas field to Cairo in preparation for re-export to Europe.

A picture taken on September 25, 2019 in the Mediterranean Sea, off the coast of Cyprus approximately 20 nautical miles (37 kilometers) north-west of Paphos, shows a Turkish army frigate, the TCG Gelibolu, (R) and the drilling vessel Fatih (L), which was deployed by Turkey to search for gas and oil in waters considered part of the EU state's exclusive economic zone (EEZ). (Photo by - / AFP) (Photo credit should read -/AFP via Getty Images)

Russia enters EastMed fray, offers to mediate with Turkey

As Turkey bemoans its loneliness in a bitter row with Greece over energy exploration in the Mediterranean Sea, Moscow says it is ready to step in to mediate talks.