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

Pacts between Libya, Turkey raise tensions with Egypt

Egypt's criticism of Libya's internationally recognized government is mounting in light of the latter's maritime and security agreements with Turkey.

ANKARA, TURKEY - MARCH 20: President of Turkey Recep Tayyip Erdogan (R) receives Chairman of the Presidential Council of Libya Fayez al-Sarraj (L) at Presidential Complex in Ankara, Turkey on March 20, 2019.
(Photo by Murat Kula/Anadolu Agency/Getty Images)

Egypt flexes muscles in Mediterranean after Libyan-Turkish agreement

Egypt has conducted extensive military drills in the Mediterranean in a clear response to and a show of strength against the maritime agreement between the Libyan Government of National Accord and Turkey.

Turkish and Turkish Cypriot flags wave next to a drilling tower 25 km (16 miles) from Famagusta April 26, 2012. Turkish Cypriot Leader Dervis Eroglu and Turkey's Energy Minister Taner Yildiz attended a ceremony marking the start of joint gas and oil exploration works in northern Cyprus between Turkey's state-owned energy company TPAO and the Turkish-Cypriot administration. REUTERS/Umit Bektas (CYPRUS - Tags: POLITICS ENERGY BUSINESS) - GM1E84Q1HIQ01

Congress sides with Cyprus against Turkey as eastern Mediterranean heats up

Congress just passed two bills siding with Cyprus in its territorial and natural gas dispute with Turkey.

A general view of Ambarli gas-fired power station in Istanbul January 8, 2009. Production at three Turkish power stations has been halted as a Russia-Ukraine gas row had led to a shortage of gas supplies to Turkey, an Energy Ministry source told Reuters on Thursday, but this would not create a power supply problem, he said. On Tuesday Russian gas supplies coming via Ukraine to Turkey were completely cut, although some supplies are still coming via a pipeline which passes directly from Russia under the Black

Turkey’s energy miscalculations have hefty cost

More than a third of Turkey’s installed power capacity remains idle after an ill-calculated rush for energy that has had a hefty financial and environmental cost.

IDLIB, SYRIA - DECEMBER 13: A drone photo shows an aerial view of the mud covered road and tents at a refugee camp, where Syrian refugees live, after heavy rain at winter season in northeastern Idlib, Syria on December 13, 2019. Syrian refugees, who have been living in the camp, face flooding, mud and puddles due to lack of infrastructure and sewerage network. (Photo by Muhammed Said/Anadolu Agency via Getty Images)

Residents in northeast Syria brace for winter as oil smugglers thrive

While Deir ez-Zor is shipping oil other places thanks in part to a man named Hyena, many of its residents are suffering from poverty and the cold.

ISTANBUL, TURKEY - MAY 24 : Turkish President Recep Tayyip Erdogan (R) meets with the Chairman of the Presidential Council of Libya Fayez Mustafa al-Sarraj (L) during a bilateral meeting, held within the World Humanitarian Summit in Istanbul, Turkey on May 24, 2016. (Photo by Kayhan Ozer/Anadolu Agency/Getty Images)

Turkish-Libyan security, maritime deals spike tensions

Agreements between Turkey and Libya sparked anger among stakeholders in the Libyan civil war and in maritime drilling in the Mediterranean Sea.

Israel to begin exporting gas to Egypt next month

In just a few weeks, Egypt should be receiving natural gas from Israel's Leviathan field.

Pressure mounts against importing Israeli gas to Jordan

While Jordan is expected to start receiving natural gas from Israel in a matter of weeks, demands that the government cancel the deal are growing.

PA turns to Russia in a bid to break from US sponsorship

As part of its efforts to economically disengage from Israel, the Palestinian Authority seeks to establish bilateral relations with Russia in the energy field.

Members of the Parliament of the Kurdistan region vote on the ministerial list of the Kurdistan Regional Government headed by Masrour Barzani in Erbil, Iraq July 10, 2019. REUTERS/Azad Lashkari - RC1EA4570DE0

What is the fate of Baghdad-Erbil’s oil-for-budget agreement amid ongoing protests?

Iraqi political sides vow to block a recent oil-for-budget agreement by Iraq’s caretaker government with the Kurdistan region.

U.S. Democratic Presidential candidate Tulsi Gabbard greets supporters after filing her declaration of candidacy papers to appear on the 2020 New Hampshire primary election ballot at the State House in Concord, New Hampshire, U.S., November 5, 2019. REUTERS/Mike Segar - RC1696ABFE70

Democratic leader pours cold water on Tulsi Gabbard’s bid to force Syria withdrawal

The House’s No. 2 Democrat dealt a major blow to Tulsi Gabbard’s effort to force President Donald Trump to pull the remaining US troops out of Syria.

DOHA, QATAR - NOVEMBER 25: Turkeys Foreign Minister Mevlut Cavusoglu and Qatari counterpart Mohammed bin Abdulrahman Al-Thani take part in an agreement signing ceremony, held after inter-delegation working meal with Turkish President Recep Tayyip Erdogan and Emir of Qatar Tamim bin Hamad Al Thani in Doha, Qatar on November 25, 2019.

(Photo by Mustafa Kamaci/Anadolu Agency via Getty Images)

Turkey sees greater partnership with Qatar than is apparent

Turkey's commercial gains from its partnership with Qatar have been modest and the media fanfare over fresh bilateral accords is hard to comprehend.