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
Reports: Libya denies cutting gas exports to Italy Italy wants Libya to boost its gas exports to Europe in an effort to reduce the continent’s energy dependence on Russia. North Africa
Energy company touts oil-for-food scheme as Syrian aid route tightens With Syria's sole remaining route for cross-border aid in peril, a London-based oil company is lobbying for an initiative that would see the proceeds of Syrian oil being used for aid, with the money going to the UN rather than Damascus. Syria
US unveils fresh sanctions on Iranian oil trade network The Biden administration designated 15 individuals and entities located in Iran, Vietnam, Singapore, the United Arab Emirates and Hong Kong. Iran
Egypt ready to help with Gaza Marine natural gas field Palestnian officials claim the project has been complicated by Israel, which controls the coastal waters off Gaza. Egypt
Biden says he won't ask Saudi Arabia to pump more oil during trip President Joe Biden also downplayed his expected meetings with Saudi leaders, including Crown Prince Mohammed bin Salman. Saudi Arabia
Egypt ready to export gas to Lebanon once US grants waiver Egypt plans to export the agreed-upon 650 million cubic meters of natural gas annually in order to alleviate Lebanon's energy shortage. Egypt
Algeria to maintain gas supplies to Spain despite dispute Algeria's announcement concerning the immediate suspension of the treaty of friendship and good neighborliness concluded with Spain in October 2002, after Madrid’s radical change of position on the Western Sahara issue on March 18, will not have negative consequences on gas contracts signed by the two countries. North Africa
World Bank official: Lebanon, Yemen, Syria most food-insecure in region Many states across the Middle East and North Africa meet the criteria for food insecurity, experts said at a US Institute of Peace event. Syria
Israeli FM Lapid gets warm welcome in Ankara Israeli Foreign Minister Yair Lapid is the latest regional leader to be greeted in Ankara as Turkey takes a fresh approach to its regional ties. Turkey
Egypt looks for boost from gas deal with Israel, EU The EU, Egypt and Israel signed an agreement for the export of natural gas to Europe, which would reduce the latter’s dependence on Russian gas. Egypt
Egypt-Lebanon gas deal awaits US decision on Syria sanctions A State Department spokesperson said the administration will review the final contracts and financing terms to address any sanctions concerns. Lebanon
European Commission head in Israel for talks on energy, natural gas Prime Minister Naftali Bennett and Energy Minister Karin Elharar discussed with European Commission President Ursula von der Leyen possibilities for cooperation on exporting Israeli natural gas via Egypt to Europe. Israel
