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
ACWA Power, TAQA among Saudi firms backing Syria's energy comeback Some 14 years of civil war have wiped at least $800 billion from the country’s gross domestic product, according to UN figures. Syria
In China, Saudi investment minister looks to build on $100B+ trade ties China is the kingdom’s largest trade partner, with bilateral trade between the two reaching roughly $107.5 billion in 2024. Saudi Arabia
Analysis Lebanon key to Trump plan for turnaround in Middle East The final "This Week" column reflects on US policy toward Lebanon, Syria, Iraq and Gaza. By Andrew Parasiliti In Washington, DC, reporting on diplomacy, regional politics, national security
Analysis As Trump plays Russia oil sanctions gambit, will Middle East profit or pay? A potential US crackdown on Russian oil buyers could disrupt global trade flows — and the Middle East stands to both benefit and lose. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Landmark $18.7B Santos-ADNOC takeover delayed: What to know Santos said in a statement that the due diligence period, initially set for six weeks, has been extended until Aug. 22. United Arab Emirates
$35B gas deal underscores Egypt’s energy reliance on Israel despite Gaza tensions Israel and Egypt have finalized a $35 billion gas deal that will double Israeli gas exports by 2029, highlighting Cairo’s growing energy dependence on its neighbor, even as political tensions rise over Gaza. Egypt
China's oil imports fall 5.4% as Iranian flows recede from June highs US President Donald Trump has intensified pressure on Iran’s economy, clamping down on its oil sector, a critical component of the state budget. Iran
UAE president heads to Russia to meet Putin as ties grow: What to know UAE President Sheikh Mohammed bin Zayed al-Nahyan is heading to Moscow on Thursday for an official visit, his second in less than a year as Russian-Emirati relations continue to develop rapidly. United Arab Emirates
Iran to close public offices as temperatures pass 105 F: What to know Iranian officials are seeking to reduce public energy consumption as water levels decrease throughout the country and power cuts persist. Iran
Aramco's Q2 profits fall 22% as lower oil prices weigh on earnings Saudi Arabian crude exports have been soaring, hitting a three-month high last month, though oil prices remain low. Saudi Arabia
UAE’s ADNOC inks 10-year gas deal with India: What to know The UAE is seeking to export more gas to India as domestic consumption is projected to rise in the South Asian country. United Arab Emirates
Iran mulls nixing zeros from currency as value plunges: What to know Iran has experienced massive inflation in recent years and is now contending with an energy crisis as well. Iran
