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 drilling vessel Yavuz is escorted by Turkish Navy frigate TCG Gemlik (F-492) in the eastern Mediterranean Sea off Cyprus, August 6, 2019. Picture taken August 6, 2019. REUTERS/Murad Sezer - RC110E733AB0

EU criticizes Turkish energy exploration in Mediterranean

Turkey disputes the European Union's position that the waters where Turkey hopes to drill for hydrocarbon belong to Greece and Cyprus.

A man looks as the world's biggest Liquefied Natural Gas (LNG) tanker DUHAIL as she crosses through the Suez Canal April 1, 2008. The Qatari tanker, which was built to transfer LNG from Qatar to Europe and the U.S., is on her first trip ever from Qatar to Spain. REUTERS/Stringer (EGYPT) - GM1E44200C701

Qatar makes massive LNG ship order

The purchase by Qatar Petroleum from three South Korean companies comes as oil prices continue to rise from the lows earlier in the year.

CARABOBO, VENEZUELA - MAY 26: (----EDITORIAL USE ONLY √¢ MANDATORY CREDIT - "ECONOMY VICE PRESIDENT'S OFFICE / HANDOUT" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) Iranian flagged fuel tanker 'Fortune' is seen after it was docked at El Palito refinery in Puerto Cabello, state of Carabobo, Venezuela, on May 26, 2020. (Photo by Economy Vice President's Office/Anadolu Agency via Getty Images)

Fourth Iranian tanker reaches Venezuela as US ups pressure

A State Department official said it is warning companies about doing oil-related business with Venezuela as the ships continue to arrive.

A view of the pipelines at Zueitina oil terminal, in west of Benghazi, Libya February 3, 2020. Picture taken February 3, 2020. REUTERS/Esam Omran Al-Fetori - RC2K2F9QGT9E

Libya says oil blockade has cost $5 billion in lost revenue

The Tripoli-based National Oil Corporation said the closure of oil facilities in January has led to billions in losses.

Egypt announces international anti-Turkey alliance

Egypt announced an international alliance that includes Greece, Cyprus, the United Arab Emirates and France to confront Turkish provocative moves in Libya and the Mediterranean.

United Arab Emirates

Is Turkey on moderation path in its foreign policy?

Conciliatory messages coming out of Ankara recently may appear as an effort to moderate Turkish foreign policy vis-a-vis the United States, Europe and Israel, but they are likely to be just maneuvering to weather the many stalemates in Turkey's foreign ties.

Fuel prices are displayed at petrol station of French oil giant Total in Bordeaux, France, September 17, 2019. Picture taken September 17, 2019. REUTERS/Regis Duvignau - RC1E43667350

Global oil prices at highest since March following OPEC cuts

Oil prices have fallen significantly this year as a result of the coronavirus and the Saudi-Russia price war, but Brent crude has now risen past $36.

An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019. - Gibraltar rejected a US demand to seize the Iranian oil tanker at the centre of a diplomatic dispute as it prepared to leave the British overseas territory after weeks of detention. (Photo by Johnny BUGEJA / AFP) (Photo by JOHNNY BUGEJA/AFP via Getty Images)

Iranian tankers appear to be en route to Venezuela

The United States has called for shipments between the two sanctioned countries to stop.

REFILE - CORRECTING GRAMMAR Iranian oil tanker Adrian Darya 1, previously named Grace 1, sits anchored after the Supreme Court of the British territory lifted its detention order, in the Strait of Gibraltar, Spain, August 18, 2019. REUTERS/Jon Nazca - RC1770F4BD80

Iranian tanker on way to Venezuela despite US pressure

The tanker passed through the Suez Canal on Wednesday.

Anti-Gaddafi fighters fire a multiple rocket launcher near Sirte, previously one of Muammar Gaddafi's last remaining strongholds in Libya, September 24, 2011. Picture taken September 24, 2011. REUTERS/Goran Tomasevic/File Photo SEARCH "POY DECADE" FOR THIS STORY. SEARCH "REUTERS POY" FOR ALL BEST OF 2019 PACKAGES. TPX IMAGES OF THE DAY. - RC2SND9VGEDW

Turkey’s intervention in Libya turns tide to Erdogan’s advantage, for now

Ankara has thrown in its lot with the Government of National Accord for reasons that have more to do with its own interests than Libya’s.

An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov - RC23VF99O3SV

Saudi Aramco first-quarter revenues fall

The state-owned company still had a profit of $16.7 billion and gave its shareholders a big payout.

Masrour Barzani, incoming Prime Minister of Kurdistan region speaks during an interview with Reuters in Erbil, Iraq July 9, 2019. Picture taken July 9, 2019. REUTERS/Azad Lashkari - RC18551D4450

Iraq cuts federal budget from KRG, Kurds defy it as political

The Iraqi federal government cuts funds used for salaries of Kurdistan Regional Government employees; Kurds describe the move as illegal and politically motivated.