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
Turkey, Iraq sign oil-for-water deal: What to know The landmark deal between Ankara and Baghdad sets out a finance mechanism to direct Iraqi oil proceeds into Turkish-built water infrastructure. Turkey
Oil prices fall for 3rd straight month as Saudi-led OPEC+ weighs more cuts The falling oil prices are being driven further down by China’s slowdown and are affecting Saudi Arabia’s diversification plans. Saudi Arabia
US energy secretary scraps visit after Israel puts $35B Egypt gas deal on hold Despite US pressure, Energy Minister Eli Cohen refuses to approve a $35 billion gas deal with Egypt until "a fair price for the Israeli market" is secured. Israel
Turkey seeks to bolster Eastern Med foothold in new Libya energy talks The talks between the Turkish ambassador in Libya and the Tripoli government’s energy minister come as Turkey seeks to reduce dependence on energy imports and bolster its energy security. Turkey
Algeria's Sonatrach latest foreign oil major to resume Libya drilling Libya has Africa’s largest proven oil reserves, with approximately 48.4 billion barrels, but political instability had led international energy firms to avoid it for more than a decade. Algeria
Egypt discovers 18 oil, gas wells as Cairo looks to up energy output The discoveries support the government's ambition to increase Egypt's domestic energy supply. Egypt
Bahrain joins Gulf’s late movers in the solar race with 150 MW project If completed on schedule, the Bilaj Al Jazayer solar plant would more than double the kingdom’s total installed renewable capacity, which stood at just 69 MW in 2024. Bahrain
Egypt overtakes Kuwait as MENA’s biggest LNG importer: What to know Last year, the North African country shifted from being a net exporter to a net importer of LNG, due to soaring demand and production declines. Egypt
Analysis Algeria hails new $60B energy plan but price slump threatens reform push The OPEC member recently held its first oil and gas licensing round in a decade, attracting significant international interest and awarding five of six onshore blocks, signaling progress in its energy ambitions despite ongoing challenges. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Iran, Russia, Central Asia states ink Caspian Sea pact, plan naval drills The navies of Iran, Russia, Azerbaijan and Kazakhstan signed a comprehensive strategic cooperation agreement on Wednesday, aimed at strengthening security in the Caspian Sea basin as the four countries deepen their relations. Iran
World Bank ups Middle East 2025 economic outlook as oil, tourism rebound The lender expects gross domestic product growth in the region to average 2.8% this year, up from its April forecast of 2.6%. Iran
Supreme Court clears path for Turkey’s Halkbank trial over Iran sanctions The Turkish president personally raised the Halkbank case with US President Donald Trump at the White House, as Ankara pushes for a settlement to avoid a drawn-out legal battle. Turkey
