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
Khashoggi killing undercuts Trump campaign against Iran The US campaign to convince the world to cut off Iran has taken a hit two weeks before oil sanctions are set to kick in. Saudi Arabia
Saudis skeptical about Russia's oil production prospects Saudi Arabia's projection that Russian oil production will dwindle significantly triggered a backlash in Moscow, which says it has options up its sleeve that will prove Riyadh wrong. Saudi Arabia
Egypt expected to become regional gas hub The Egyptian government has recently announced that the country stopped importing liquefied natural gas and managed to achieve self-sufficiency thanks to the Zohr gas field, raising hopes that Egypt would become a regional gas trading and exporting hub. Egypt
Cyprus deal to turn Egypt into major gas exporter to Europe Egypt is hoping to rely less on natural gas imports after signing a deal with Cyprus to transport gas from the small Mediterranean island before it is liquefied in Egypt for exporting to European countries. Egypt
Will Iraq comply with US-imposed Iran sanctions? Iraq is willing to abide by US sanctions against Iran, according to Prime Minister Haider al-Abadi, yet pro-Iranian parties and militias slammed Abadi, calling for support for Iran against these sanctions. Iraq
Cairo breathes sigh of relief as Saudi oil exports resume through Bab el-Mandeb Saudi Energy Minister Khalid Falih announced that his country resumed oil exports via the Bab el-Mandeb Strait, amid Egyptian fears that a decrease in traffic in the popular shipping corridor could impact Suez Canal revenues. Saudi Arabia
Will Russia, Iran dash Turkey's hopes of becoming energy corridor? The recently signed Caspian protocol between the Caspian littoral states means that Iran and Russia can thwart Turkey’s hopes of transporting Turkmen gas and Kazakh oil via Turkey to Europe. Turkey
Will Iran, Russia step up energy cooperation to blunt US sanctions? Amid rising US pressure, Tehran and Moscow might be on the cusp of a new era of economic cooperation, particularly in the energy sector. Russia
Egypt to build $11 billion petrochemical complex As Egypt invests in refining crude oil at home, domestic fuel prices continue to rise. Egypt
Floating oil island will handle Iraq's expected spurt in exports Now that OPEC has approved an increase in oil production, Iraq expects to boost its exports significantly, and to accommodate that increase, South Oil Co. will develop a floating oil island. Iraq
Saudi crown prince, Putin boost energy cooperation in Moscow meeting The recent meeting between the Russian president and the Saudi crown prince appears to have moved the two countries closer to a grand bilateral energy deal. Saudi Arabia
Italy may impede Turkish-Azeri efforts for EU gas corridor Turkey and Azerbaijan realize EU's gas corridor dream, but serious questions remain unanswered. Turkey
