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
Intel: Iraq to ink oil deal with Chevron, foreign minister says The Iraqi government will sign an agreement with American oil company Chevron, Iraq’s Foreign Minister Fuad Hussein said during his visit to Washington on Wednesday. Iraq
Intel: Iran’s navy boards oil tanker near Strait of Hormuz, US says A Liberian-flagged ship was seized by Iranian forces in international waters near the Strait of Hormuz, according to a US-led maritime security coalition. United States
Turkey to issue new drilling licenses in eastern Mediterranean amid rising tensions Following escalations Aug. 10 between Turkey and Greece over contested areas of the eastern Mediterranean, Ankara officials said they would issue new exploration licenses in the region this month. Turkey
Greece calls on Turkey to stop renewed gas exploration activities in East Med As Turkish vessels are dispatched near Greek territorial waters, analysts say tensions in the eastern Mediterranean Sea could quickly escalate if leaders on both sides do not reengage in diplomatic talks. Turkey
Intel: Amid maritime deal with Egypt, Greece invites UN court to settle sea dispute with Turkey Greek Prime Minister suggests that if no agreement can be reached, his country's dispute with Turkey over a maritime boundary should go to an international court. Egypt
The Takeaway: Will catastrophe reshape Lebanon’s social contract? The scoop on the Syrian Kurdish oil deal; Sisi to challenge Erdogan in Iraq and Syria; Lapid leads list of contenders to challenge Bibi; don’t shortchange Iraq’s resilience. Lebanon
Can Syria's Kurds reel in Turkey with profits from American oil deal? The recent deal signed between the SDF and a US oil company is as much about political brinkmanship as oil. Syria
Iranian supermarket opens in Venezuelan capital Iran and Venezuela maintain strong economic ties despite US sanctions on both countries. United States
US oil company signs deal with Syrian Kurds Sources told Al-Monitor the agreement to market oil in territory controlled by the US-backed Syrian Democratic Forces was signed “with the knowledge and encouragement of the White House.” Syria
Turkey stops eastern Mediterranean drilling, wants talks with Greece The area in which Turkey planned to drill for gas is considered by Greece and Cyprus to be their waters. Turkey
East Mediterranean tensions flare as Turkey seeks leverage in maritime border talks Surveying activities by a Turkish ship in the eastern Mediterranean Sea have put Greek forces on high alert as Ankara seeks leverage in regional maritime border disputes. Originals
Will Azeri-Armenian flare-up change energy game in South Caucasus? Azeri-Armenian clashes in the strategically significant Tavush area could be the harbinger of tectonic changes in the energy politics in the South Caucasus, Turkey and Iran. Turkey
