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

Turkish Foreign Affairs Minister Mevlut Cavusoglu (R) and German Foreign Affairs Minister Heiko Maas (L) hold a joint press conference following their meeting at the Turkish Foreign Ministry in Ankara on August 25, 2020. - The German Foreign minister warned on August 25 that Turkey's standoff with Greece in the eastern Mediterranean was at a "very critical" juncture but stressed that both sides appeared ready to talk. A crisis has been brewing in the eastern Mediterranean, where Turkey is at odds with Greec

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.

Turkish Foreign Affairs Minister Mevlut Cavusoglu holds a joint press conference with the German Foreign Affairs minister following their meeting at the Turkish Foreign Ministry in Ankara on August 25, 2020. - The German Foreign minister warned on August 25 that Turkey's standoff with Greece in the eastern Mediterranean was at a "very critical" juncture but stressed that both sides appeared ready to talk. A crisis has been brewing in the eastern Mediterranean, where Turkey is at odds with Greece and the Eur

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.

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.

People watch as Scarabeo 9, a 115-meter-long and 78-meter-high Frigstad D90-type semi-submersible drilling rig, passes on the Bosphorus Strait en route to the Black Sea in Istanbul on August 29, 2019. - The semi-submersible drilling rig is owned and operated by Italian oil and gas industry contractor Saipem and registered in Nassau, Bahamas. (Photo by Ozan KOSE / AFP) (Photo credit should read OZAN KOSE/AFP via Getty Images)

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.

Iraq's Foreign Minister Fuad Hussein (L) speaks during a press conference with US Secretary of State Michael Pompeo at the State Department in Washington, DC on August 19, 2020. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

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.

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.

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.

This picture taken on August 23, 2019 in Istanbul shows a view of Turkish General Directorate of Mineral research and Exploration's (MTA) Oruc Reis seismic research vessel docked at Haydarpasa port, which searches for hydrocarbon, oil, natural gas and coal reserves at sea. (Photo by Ozan KOSE / AFP) (Photo credit should read OZAN KOSE/AFP via Getty Images)

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.

Intel: Amid maritime deal with Egypt, Greece invites UN court to settle sea dispute with Turkey

Greek Prime Minister suggests that if no agreement can be reached, his country's dispute with Turkey over a maritime boundary should go to an international court.

An aerial view shows the massive damage done to Beirut port's grain silos (C) and the area around it on August 5, 2020, one day after a mega-blast tore through the harbour in the heart of the Lebanese capital with the force of an earthquake, killing more than 100 people and injuring over 4,000. - Rescuers searched for survivors in Beirut in the morning after a cataclysmic explosion at the port sowed devastation across entire neighbourhoods, killing more than 100 people, wounding thousands and plunging Leban

The Takeaway: Will catastrophe reshape Lebanon’s social contract?

The scoop on the Syrian Kurdish oil deal; Sisi to challenge Erdogan in Iraq and Syria; Lapid leads list of contenders to challenge Bibi; don’t shortchange Iraq’s resilience.

Mazloum Abdi (Kobani), commander-in-chief of the Syrian Democratic Forces (SDF), speaks with AFP during an interview in the countryside outside the northwestern Syrian city of Hasakah, in the province of the same name, on January 24, 2019. - Any deal between Syria's Kurds and the Damascus regime should respect the "special status" of Kurdish-led forces who fought the Islamic State (IS) group, Kobani said. The SDF control around a third of Syria after expelling jihadists from a large northeastern swathe of t

Can Syria's Kurds reel in Turkey with profits from American oil deal?

The recent deal signed between the SDF and a US oil company is as much about political brinkmanship as oil.

Iranian supermarket opens in Venezuelan capital

Iran and Venezuela maintain strong economic ties despite US sanctions on both countries.