Why did the Met Opera lose its Saudi funding deal? The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years. Saudi Arabia
Which airlines are cutting flights amid Hormuz fuel disruption? European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies. Iran
How are Iran-linked tankers still moving through Hormuz blockade? At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa. Iran
Iran seizes two cargo ships in Hormuz after Trump extends ceasefire The IRGC Navy’s seizure of two cargo vessels follows US Navy interdictions of two Iran-linked crude oil tankers in the Arabian Sea and the Indian Ocean earlier this week. Iran
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How long can Iran's economy weather US naval blockade? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
MBS holds call with Putin, talks oil prices as Blinken visits Saudi Arabia The IMF projected that Saudi Arabia’s economic growth will slow to 2.1% in 2023 from its 3.1% forecast in May, after the kingdom cut more oil production on Sunday. Saudi Arabia
Analysis One year on, Algeria-Spain blockade shows little sign of easing Since Algeria imposed trade sanctions on Spain on June 8, 2022, both economies have lost out on billions of dollars in business. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Venezuela's Maduro visit to Saudi Arabia is another signal to US Venezuela’s Minister of Foreign Relations Yvan Gil said Monday that cooperation projects in oil and gas, petrochemicals and infrastructure were addressed in Jeddah. By Salim A. Essaid
Blinken heads to Saudi Arabia with Israel ties on agenda Secretary of State Antony Blinken’s much-anticipated visit to the kingdom comes after years of strain over the price of oil and human rights. Saudi Arabia
Why is Venezuela's Maduro visiting Saudi Arabia? The Venezuelan president's visit to the kingdom is the first since 2015, on his way back from Turkey where he attended Recep Tayyip Erdogan's inauguration. Legacy: Gulf
Israel announces new natural gas field off its coast The official announcement on the discovery of the Katlan-Orca natural gas field off Israel's coast paves the way for hydrocarbon exploration company Energian to seek development and exploitation permits. Israel
Qatar forum warns of economic downturn, shift in cryptocurrency One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power. Qatar
Germany, Italy hold talks with Saudi Arabia, Qatar to strengthen energy ties Italy is looking for capital from Saudi Arabia's Public Investment Fund for a new fund Rome is setting up to help domestic companies in strategically important sectors. Saudi Arabia
Russia’s Tatneft makes new oil discovery in Libya Russia and the controversial military contractor Wagner Group have longstanding interests in Libya’s oil, but instability has hurt the ability of Russian oil companies to operate in the North African country. Libya
Iraqi FM expects continuity in ties with Turkey, no matter who wins election Fuad Hussein says TotalEnergies deal “would change character of Iraqi economy,” discusses relations with the United States, Iran, Syria and Arab states. Turkey
Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back Turkey has still yet to restart oil flows from northern Iraq following a controversial court ruling despite efforts by Iraqi and Kurdish authorities. The stoppage is threatening the Kurdistan Region’s oil sector. Turkey
Saudi Aramco profit drops 19% on lower oil prices Aramco has signed major deals with companies in China, the United States and South Korea recently, and OPEC+ recently announced a supply cut. Saudi Arabia
