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

F/A-18F aircrafts are seen on the deck of USS Abraham Lincoln in the Gulf of Oman near the Strait of Hormuz July 15, 2019. Picture taken July 15, 2019. REUTERS/Ahmed Jadallah TPX IMAGES OF THE DAY - RC1D37D6D440

Trump faces skepticism from allies amid troop deployment

The Donald Trump administration will deploy a fresh detachment of US troops to Saudi Arabia after blaming Iran for an attack against a major oil production facility just days ago.

An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off the coast of Haifa, Israel January 31, 2019. Marc Israel Sellem/Pool via REUTERS - RC17C1973F80

Israel to start exporting natural gas to Egypt as last obstacle is removed

An agreement was recently signed allowing the Egyptian Eastern Mediterranean Gas company to use the Eurasia-Israel pipeline, which would allow the resumption of natural gas exports to Egypt.

Iran denies involvement in Saudi attacks

Iranian analysts believe the United States and Iran are not headed toward conflict after the attacks on Saudi Arabian oil facilities.

Russia's Foreign Minister Sergei Lavrov and his Iran's counterpart Javad Zarif shake hands after a news conference following their meeting in Moscow, Russia, September 2, 2019. REUTERS/Evgenia Novozhenina? TPX IMAGES OF THE DAY - RC1972936350

Intel: Why Russia boosts Iran even as Tehran pares nuclear deal commitments

Despite their differences on Syria, Russia needs a stronger Iran as its partner.

An Israeli police officer stands outside the Turkish embassy in Tel Aviv August 17, 2010. A Palestinian man known to Israeli police was shot and wounded by Turkish embassy security guards on Tuesday after breaking into the mission in Tel Aviv and holding hostages. REUTERS/Nir Elias (ISRAEL - Tags: POLITICS CIVIL UNREST) - GM1E68I0AH701

Will rancor or realism prevail in Turkish-Israeli ties?

While there continues to be a large political gap between Turkey and Israel, economic ties continue to be strong despite the lack of a gas pipeline deal.

Saudi Arabia selling the Aramco IPO, yet again

Saudi Arabia is again preparing an initial public offering, but would a deal with China be better?

What’s behind the Egypt, Cyprus rapprochement?

Egypt, Greece and Cyprus have been taking steps to get closer to one another, culminating their rapprochement with the Eastern Mediterranean Gas Forum that would obstruct the Turkish drilling for gas in the Cypriot Exclusive Economic Zone, according to observes.

Fleet replenishment oiler USNS Big Horn (L), amphibious assault ship USS Boxer (C), and fleet replenishment oiler USNS Tippecanoe transit the Arabian Gulf, according to the U.S. Navy in this picture released on July 24, 2019. Kyle Carlstrom/U.S. Navy/Handout via REUTERS ATTENTION EDITORS- THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. - RC1A0335D650

Zarif says foreign ships making Gulf 'less safe'

Iranian officials continue to push back against the naval presence of the United States and United Kingdom in the Persian Gulf.

Iranian Oil Minister Bijan Zanganeh speaks to reporters at the Islamic Republic’s petroleum ministry in Tehran, Iran April 29, 2017. Picture taken April 29, 2017. REUTERS/Alissa De Carbonnel - RC1F7FBF27E0

Can Iran combat corruption in petroleum sector?

Iran is showing a greater transparency about corruption, perhaps in part because of the problems caused by sanctions, but has a long way to defeat this scourge.

A view of the West Qurna-1 oilfield, which is operated by ExxonMobil, is seen during the opening ceremony near Basra, Iraq June 17, 2019. REUTERS/Essam Al-Sudani - RC13A9DF31A0

PA mulls over importing fuel from Iraq

The Palestinian Authority weighs its options to import fuel from Iraq through Jordan as a step toward economic disengagement from Israel, but will the Paris Protocol allow it to do so?

Why US companies seek role in Egyptian oil sector

The Egyptian oil and natural gas market is witnessing a significant expansion of US companies and although some observers are concerned about this expansion, most agree that this reflects the stability and neutrality of the Egyptian market and is in its favor in the near and long terms.

Elizabeth Spehar, U.N. Special Representative of the Secretary-General and Head of UNFICYP Mission poses with Cyprus President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci in the buffer zone of Nicosia airport, Cyprus February 26, 2019. Iakovos Hatzistavrou/Pool via REUTERS - RC1B589A8390

Turkish muscle flexing in Mediterranean rekindles Cyprus peace efforts

Turkey's aggressive behavior in the Eastern Mediterranean over drilling for gas has focused the minds of Greek and Turkish Cypriot leaders on getting back to the negotiating table.