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

Patients with coronavirus disease (COVID-19) lie in beds at the ICU of Sasan Hospital, in Tehran, Iran March 30, 2020. WANA (West Asia News Agency)/Ali Khara via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY - RC2GUF9M2YGL

How will the COVID-19 crisis impact US-Iran tensions?

If Iran can hold out long enough against COVID-19, Tehran and Washington might be able to come to terms.

U.S. Representative Michael McCaul (R-TX) arrives at Trump Tower to meet with U.S. President-elect Donald Trump in New York, U.S., November 29, 2016. REUTERS/Mike Segar - RC17792FFC10

Intel: Republicans dial up pressure on Saudis to end oil price war with Russia

Republicans are throwing their weight behind the Donald Trump administration’s push to get Saudi Arabia to end its oil price war with Russia, which has increasingly squeezed American energy companies as the coronavirus runs rampant throughout the United States.

Pump jacks operate in an oil field in the countryside of al-Qahtaniyah town in Syria's northeastern Hasakeh province near the Turkish border, on March 11, 2020. (Photo by Delil SOULEIMAN / AFP) (Photo by DELIL SOULEIMAN/AFP via Getty Images)

Turkey appears to want more than Syria’s oil

Like Moscow and Washington, Ankara seems to be coveting the oilfields of Deir ez-Zor in Syrian Kurdistan, which Kurds fear would give Turkey an opening to take over the entire Rojava area.

U.S. Secretary of State Mike Pompeo takes part in a meeting with Saudi Arabia's Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, September 18, 2019. Mandel Ngan/Pool via REUTERS - RC114A0F4CE0

Intel: How the US is relying on Riyadh to reassure global markets

In a phone call with Crown Prince Mohammed bin Salman on Tuesday, US Secretary of State Mike Pompeo urged Saudi Arabia to “rise to the occasion” as the escalating coronavirus crisis and the kingdom’s standoff with Russia continue to hammer global markets.

A policeman is seen at West Qurna-1 oil field, which is operated by ExxonMobil, in Basra, Iraq January 9, 2020. REUTERS/Essam al-Sudani - RC2BCE9XUK4P

Is another economic crisis looming in Iraq, with dropping oil prices?

Iraqis are expressing great concern about the low oil prices amid the coronavirus outbreak, as the government may not be able to pay their salaries in the coming months.

What's behind arrest of Turkish-Azeri billionaire?

Although Azeri-Turkish billionaire Mubariz Mansimov Gurbanoglu was cleared of links to the Gulen movement, he's been arrested again this week.

Russia hoping to outdo Saudis over time in coronavirus-hit oil market

Russia opted for an approach based on uncertainty in its decision to leave the OPEC-plus deal, but is it punching above its weight?

Egypt and Turkey's energy face-off in the Mediterranean

Egypt signing an agreement with five major energy companies to start drilling in the Mediterranean off its coast near Libya raises the prospect of more friction developing with Turkey.

Oil pumpjacks are seen at the Rumeilan oilfield, Qamishli province December 11, 2013. Picture taken December 11, 2013. To match Special Report SYRIA-KURDISTAN/ REUTERS/Rodi Said (SYRIA - Tags: ENERGY POLITICS CIVIL UNREST BUSINESS COMMODITIES) - GM1EA1M1LFR01

Erdogan turns to oil in a bid to salvage Syria policy

Turkey’s president eyes oil-related bargains in Syria after failing to achieve his stated objectives in Idlib and acquiescing to a new deal with Russia in the rebel stronghold.

A flame rises from a chimney at Al-Jbessa oil field in Al-Shaddadeh town of Al-Hasakah governorate October 14, 2010. REUTERS/Stringer (SYRIA - Tags: ENERGY BUSINESS) - GF2EA9B0TI601

Will Russia accept Turkey's proposal to split Syria's oil?

Moscow weighs the pros and cons of a Turkish proposal on Syrian oil.

Will Marib province survive Houthi offensive after fall of al-Jawf?

An offensive on Marib province is looming but may not be imminent as analysts say they think Marib will likely remain in a state of ebb and flow following the battles in al-Jawf and Nihm.

Does Moscow’s withdrawal from OPEC-plus deal end Russia-Saudi honeymoon?

Russia’s decision to break off from the Saudis in the OPEC-plus agreement has some merits.