Why UAE's decision to leave OPEC is major shift for cartel The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil. United Arab Emirates
Breaking | Last Updated: April 28, 2026, 8:54 am UAE to leave OPEC on May 1 The United Arab Emirates says it will focus more on domestic production amid the US-Israel-Iran war. United Arab Emirates
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
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
Elections weigh on US-Gulf economic relations Investments worth billions of dollars in the US market and currencies pegged to the greenback leave Gulf states heavily exposed to the American economy. Legacy: Gulf
US sells seized Iranian fuel, seeks forfeiture of missiles The United States has sold and delivered the 1.1 million barrels of Iranian oil seized from four Venezuela-bound vessels in August. United States
Second round of maritime-border talks between Israel, Lebanon Israel and Lebanon conducted a second round of mediated talks with the goal demarcating the maritime border between the two countries. Israel
Demands for payment from tribes, militias stalling investment in Iraq Economic projects in Iraq are facing major setbacks due to ongoing payment demands from tribes and armed groups. Iraq
What now for Turkey in Cyprus and eastern Mediterranean? The election of Turkey’s favorite candidate in the Turkish Cypriot presidential elections may create more problems than opportunities for Ankara in the eastern Mediterranean. Turkey
Can Russia benefit from Turkey-Greece spat? In light of the conflict in the eastern Mediterranean between Turkey and Greece, Russia may be looking to strengthen its ties with Greece in order to further its interests in the region. Russia
Iraq invites international bidders to Mansuriya gas field As Baghdad feels added strain from OPEC+ production cuts and continuing economic woes, the country invites international energy companies to compete for oil and gas development. Iraq
Hezbollah rejects Lebanese delegation at maritime border talks with Israel Lebanon's two main Shiite parties said the negotiating team in the border talks shouldn't include civilians. Israel
Turkey resumes energy research in disputed waters A Turkish seismic research vessel has resumed energy prospecting activities in disputed eastern Mediterranean waters, sparking renewed tensions with Greek and EU leaders, who called on Ankara to end its "provocations." Turkey
Turkey eyes economic gains in backing Azerbaijan against Armenia Turkey and Azerbaijan often describe their relationship as “one nation, two states,” but their economic exchanges have remained relatively small despite their close political and ethnic bonds. Turkey
Chevron becomes operator of two Israeli natural gas fields US gas and petrol giant Chevron is now the owner of Nobel Energy and the operator of Israel natural gas fields Tamar and Leviathan. Egypt
NATO chief presses for calm in East Med, cease-fire in south Caucasus During a visit to Ankara Monday, NATO Secretary General Jens Stoltenberg voiced support for de-confliction efforts between Turkey and Greece in the eastern Mediterranean while calling for a cease-fire in the southern Caucasus. Turkey
