Explainer IMF projects Gulf rebound in 2027. Can energy production keep pace? Restoring shipping access in the Strait of Hormuz is only part of the recovery, as Gulf producers also need to repair damaged infrastructure to avoid further disruption to production and exports. Saudi Arabia
Hormuz attacks spike after US airstrike on Iran-linked tanker Six commercial vessels were hit in just one day in the Strait of Hormuz after an American fighter jet disabled an Iran-linked tanker that military officials accused of attempting to run the US naval blockade. By Jared Szuba In Washington, DC, reporting on defense, national security, military
Saudi Arabia outlines oil export plans amid escalating Houthi attacks Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis. Saudi Arabia
Iraq devalues dinar 13% as Hormuz disruption hits oil revenue The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320. Iraq
Mideast oil exports surpass prewar levels despite pipeline, ship attacks By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis As Iran’s grip on Hormuz weakens, what leverage does Tehran have left? By A correspondent in Tehran In Tehran, reporting on politics
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? Palestine
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. Qatar
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. Turkey
Iraq plans to launch pipelines to export oil through Jordan, Syria Iraq plans to diversify its oil exports via new pipelines through Jordan and Syria. Iraq
EU downgrades diplomatic ties, funding with Turkey over Cyprus gas drilling Ankara remains undeterred as EU imposes punitive measures on Turkey over controversial gas drilling activities near Cyprus. Turkey
How Egypt promotes its fuel price increase An Egyptian government advertising campaign paves the way for a fuel price increase for the fifth time since President Abdel Fattah al-Sisi took power — but is this in the citizens’ best interest? Egypt
Eastern Mediterranean crisis balloons as Turkish drill ships multiply Disputes over oil and gas reserves in the Eastern Mediterranean have caused a spike in tensions between Ankara and Turkish Cypriots on the one side, and the EU and Greek Cypriots on the other. Turkey
Corrupt economy fuels Algerian revolt The North African country’s rentier model is collapsing. Algeria
Libya has outsized importance for Turkey's Mediterranean plans Turkey's hostility to Libyan forces led by Khalifa Hifter is part of an ongoing strategic power struggle in the region. United Arab Emirates
Congress advances bill sidelining Turkey on Mediterranean gas dispute The Senate advanced a bill rebuking Turkish attempts to drill for gas near Cyprus. Turkey
Nechirvan Barzani in Baghdad to discuss oil The KRG's new president, Nechirvan Barzani, traveled to Baghdad to meet the Iraqi prime minister and discuss the two sides' outstanding oil dispute. Iraq
PA wants to break free from reliance on Israeli fuel Following the rupture of US-Palestinian ties and Israeli violations to the Paris Protocol, the PA is moving forward with its plan to break free from reliance on Israeli fuel, particularly since the financial crisis requires purchasing fuel at cheaper prices. Palestine
