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

A picture taken at the port of Dilovasi, outside Istanbul, on June 20, 2019 shows the drilling ship 'Yavuz' scheduled to search for oil and gas off Cyprus. - Turkey is set to send a new ship on June 20 to search for oil and gas off Cyprus, in a move expected to escalate tensions after the EU called on Ankara to stop its "illegal drilling activities". The region near the divided island is believed have rich natural gas deposits, triggering a race between Turkey and the internationally recognised Cyprus, whic

What now for Turkey in Cyprus and eastern Mediterranean?

The election of Turkey’s favorite candidate in the Turkish Cypriot presidential elections may create more problems than opportunities for Ankara in the eastern Mediterranean.

A picture shows a Russian cruise missile launching from a submarine at an undisclosed location in the Mediterranean Sea on September 14, 2017. - The Russian Defence Ministry launched cruise missiles from submarines in the Mediterranean aimed at Islamic State targets in eastern Syria. (Photo by Maria Antonova. / AFP) (Photo by MARIA ANTONOVA./AFP via Getty Images)

Can Russia benefit from Turkey-Greece spat?

In light of the conflict in the eastern Mediterranean between Turkey and Greece, Russia may be looking to strengthen its ties with Greece in order to further its interests in the region.

Iraq invites international bidders to Mansuriya gas field

As Baghdad feels added strain from OPEC+ production cuts and continuing economic woes, the country invites international energy companies to compete for oil and gas development.

Hezbollah rejects Lebanese delegation at maritime border talks with Israel

Lebanon's two main Shiite parties said the negotiating team in the border talks shouldn't include civilians.

Journalists walk next to the drilling ship 'Yavuz' scheduled to search for oil and gas off Cyprus, at the port of Dilovasi, outside Istanbul, on June 20, 2019. - Turkey is set to send a new ship on June 20 to search for oil and gas off Cyprus, in a move expected to escalate tensions after the EU called on Ankara to stop its "illegal drilling activities". The region near the divided island is believed have rich natural gas deposits, triggering a race between Turkey and the internationally recognised Cyprus,

Turkey resumes energy research in disputed waters

A Turkish seismic research vessel has resumed energy prospecting activities in disputed eastern Mediterranean waters, sparking renewed tensions with Greek and EU leaders, who called on Ankara to end its "provocations."

Men walk on a street of the village of Djojugh Marjanli in Azerbaijan's Jabrayil district which is said was damaged in shelling during the ongoing fighting between Armenia and Azerbaijan over the breakaway Nagorno-Karabakh region, October 6, 2020. (Photo by TOFIK BABAYEV / AFP) (Photo by TOFIK BABAYEV/AFP via Getty Images)

Turkey eyes economic gains in backing Azerbaijan against Armenia

Turkey and Azerbaijan often describe their relationship as “one nation, two states,” but their economic exchanges have remained relatively small despite their close political and ethnic bonds.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal city of Caesarea on December 19, 2019. - Israel has approved the export of gas from its offshore reserves to Egypt, a spokeswoman said on December 17, with a major reservoir expected to begin operations imminently.
The approval by Energy Minister Yuval Steinitz was part of a long process under which Israel will transform from an importer of natural gas from Egypt into an exporter

Chevron becomes operator of two Israeli natural gas fields

US gas and petrol giant Chevron is now the owner of Nobel Energy and the operator of Israel natural gas fields Tamar and Leviathan.

Turkish Defence Minister Hulusi Akar (R) and NATO Secretary General Jens Stoltenberg (L) meet in Ankara, on October 05, 2020. (Photo by - / POOL / AFP) (Photo by -/POOL/AFP via Getty Images)

NATO chief presses for calm in East Med, cease-fire in south Caucasus

During a visit to Ankara Monday, NATO Secretary General Jens Stoltenberg voiced support for de-confliction efforts between Turkey and Greece in the eastern Mediterranean while calling for a cease-fire in the southern Caucasus.

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.