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
Owners of Iranian fuel seized by US raise challenge in court The US Justice Department says the companies challenging the fuel seizure are fronts for Iran's Islamic Revolutionary Guard Corps. Iran
US government seizes control of websites allegedly involved in Iran-Venezuela oil deal The seizure follows the US interception of fuel tankers from Iran en route to Venezuela this month amid increased US pressure on both countries. United States
Turkey plans new naval drills in eastern Mediterranean The Turkish navy will hold live-fire exercises in the eastern Mediterranean next week amid rising tensions with Greece. Turkey
How Mediterranean standoff complicates Turkey's natural gas agenda Too many factors — especially tensions with Greece — are at play to determine whether recent gas discovery in the Black Sea will translate into massive commercial and political gains for Ankara. Turkey
Germany appeals for calm as Turkish, Greek navies run drills in EastMed The Turkish and Greek navies conducted drills in the eastern Mediterranean this week as German Foreign Minister Heiko Mass seeks to bring both nations back to the negotiation table. Turkey
Turkey open to talks with Greece without preconditions: foreign minister During a meeting with his German counterpart, Turkish Foreign Minister Mevlut Cavusoglu said his government is ready for talks with Greece, but without preconditions. Turkey
Intel: Saudi Arabia Energy Ministry all in on $500 billion megacity An agreement between the futuristic megacity and Saudi Arabia's Energy Ministry underscores the Kingdom's push for renewable energy and economic diversification. Originals
Turkey announces major natural gas discovery in Black Sea President Recep Tayyip Erdogan said the discovery of 320 billion cubic meters of natural gas will help Turkey reduce its reliance on foreign energy supplies. Turkey
Intel: Iraq to ink oil deal with Chevron, foreign minister says The Iraqi government will sign an agreement with American oil company Chevron, Iraq’s Foreign Minister Fuad Hussein said during his visit to Washington on Wednesday. Iraq
Intel: Iran’s navy boards oil tanker near Strait of Hormuz, US says A Liberian-flagged ship was seized by Iranian forces in international waters near the Strait of Hormuz, according to a US-led maritime security coalition. United States
Turkey to issue new drilling licenses in eastern Mediterranean amid rising tensions Following escalations Aug. 10 between Turkey and Greece over contested areas of the eastern Mediterranean, Ankara officials said they would issue new exploration licenses in the region this month. Turkey
Greece calls on Turkey to stop renewed gas exploration activities in East Med As Turkish vessels are dispatched near Greek territorial waters, analysts say tensions in the eastern Mediterranean Sea could quickly escalate if leaders on both sides do not reengage in diplomatic talks. Turkey
