Analysis Why the Hormuz oil shock never became an energy catastrophe The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Explainer After UAE and Qatar, could Iraq be next to leave OPEC? Iraq is seeking a higher production quota as the effective closure of the Strait of Hormuz has slashed oil revenues and plunged the country into a fiscal crisis. Iraq
Explainer Syria’s energy push could soon get a major boost from Chevron: What to know The country's leaders are seeking to translate a flurry of oil and gas agreements into concrete investments and rebuild an industry devastated by more than a decade of war, sanctions and isolation. Syria
Oil falls below $74 as Hormuz traffic recovers after Iran war Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close. Iran
Israeli, Greek, Cypriot defense ministers meet, reinforce security ties Defense Minister Benny Gantz meets with his Greek and Cypriot counterparts to reinforce the countries’ security ties and strategic cooperation. Israel
Greece, Egypt expect Biden will be 'decisive' in Mediterranean dispute, Greek PM says Greek Prime Minister Kyriakos Mitsotakis' comments came as Turkey announced it was extending exploratory work in the contested waters. Egypt
Russia, Iraq face OPEC+ cuts, look to new deals While Iraq's dependence on imported Iranian electricity continues to worry Washington, the key to breaking this energy dependence lies in the development of its own gas fields. Iraq
Saudi Aramco sees massive drop in third quarter profits The Saudi oil giant's slump is indicative of the crisis in Middle Eastern and global oil as the COVID-19 pandemic continues. Originals
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
