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
Turkey-Libya energy deal clouds waters in East Mediterranean An energy deal signed between Turkey and the Libyan administration of Abdul Hamid Dbeibah on Monday has brought a reaction from Greece, EU and Libya’s eastern-based parliament. Turkey
Israel, Cyprus to resolve disagreement over maritime gas field Most of the disagreement points between Israel and Cyprus over the joint Aphrodite-Yishai natural gas reservoir have been resolved, and an agreement is apparently imminent. Israel
Abu Dhabi port operator signs oil transport deal with Iraqi firm AD Ports Group is seeking to expand its international business, recently making agreements in Egypt and Uzbekistan to this end. Iraq
Breaking | Last Updated: September 29, 2022, 6:42 pm US unveils new sanctions targeting Iran’s oil sales The Biden administration on Thursday blacklisted entities in China, Hong Kong, Iran, India and the United Arab Emirates over their alleged involvement in Iran’s petrochemical trade. Iran
UAE to help Germany reduce dependence on Russian gas Qatar is also reportedly close to supplying the European country with natural gas amid the Ukraine war. United Arab Emirates
Iraqi prime minister emphasizes Iraq's role in regional stability at UN The Iraqi prime minister highlighted Iraq's main issues and the country's regional and international significance at the UN General Assembly. Iraq
Natural gas profits finally put Israel's wealth fund into business After four disappointing years, Israel’s wealth fund, based on tax revenues from natural gas companies, has enough money to begin making investments. Israel
Israeli natural gas revenues boom With a projected increase in output, Israel will have the opportunity to boost exports to Europe. Israel
Dubai supplier to replace coal with natural gas in bid to reduce carbon emissions The Abu Dhabi National Oil Company signed an agreement to provide Dubai with natural gas, which will be used to generate electricity. Natural gas is a relatively clean fuel but does lead to carbon emissions. United Arab Emirates
Why Hezbollah won't torpedo Lebanon's maritime border talks with Israel Israeli sources believe that Hezbollah Secretary-General Hassan Nasrallah realizes how important it is for economically failing Lebanon to reach an agreement with Jerusalem on its maritime border and the extraction of natural gas. Israel
Energy, dams boost Egypt’s clout in Africa Egypt has emerged as a regional energy power in recent years and is using its electricity and gas surpluses and experience in building dams to boost its foothold in Africa. Egypt
Oil prices fall following Saudi-backed OPEC+ production cut The decrease in production could be a message from Saudi Arabia to the US over the Iran nuclear deal. Legacy: Gulf
