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
Iran claims it stopped US from seizing oil tanker Iran said the US had attempted to steal an Iranian ship carrying oil but was thwarted by the Iranian military. Iran
Egypt aims for petroleum self-sufficiency Egypt is moving forward to produce sufficient fuel to cover its needs, taking advantage of its new projects and development operations in the oil sector, bringing the country closer to achieving self-sufficiency in petroleum products by 2023. Egypt
Protests break out in Syrian city controlled by jihadist faction Protests erupted in Idlib against the Syrian Salvation Government, affiliated with Hayat Tahrir al-Sham, amid high inflation and deteriorating living conditions. Syria
Saudi Aramco close to retaking Apple as most valuable global company The recent surge in oil prices has lifted Aramco from the low point of its valuation during the COVID-19 pandemic. News Brief
Oil minister says Iran capable of resolving global fuel ‘crisis’ Iran’s oil minister said if sanctions targeting his country’s lifeline crude are lifted, the Islamic Republic will have every capability to tackle the world’s energy supply shortages. Iran
Hezbollah announces arrival of second Iranian fuel delivery The shipment could help Lebanon grapple with its worsening fuel crisis and also again defies US sanctions on Iran. News Brief
Lebanon raises fuel prices again The Lebanese government previously subsidized fuel prices amid the country's worsening economic crisis. Lebanon
Israel’s natural gas wealth fund disappoints Despite grand promises that billions of dollars would pour into Israel's sovereign wealth fund from maritime natural gas fields, little money has arrived. Israel
Lebanese energy plan includes Syria A meeting of Jordanian, Egyptian, Lebanese and Syrian ministers seems to have cracked Syria's isolation. Jordan
Power struggle over oil threatens Libya's fragile transition process Oil production shutdowns are increasingly likely as several players in the sector push their own agenda. North Africa
Egypt, Jordan, Syria agree to export gas to crisis-stricken Lebanon Syria also agreed to transfer Jordanian electricity to Lebanon, while Iran already sent fuel. News Brief
Iranian tanker carrying fuel for Lebanon to dock in Syria Hezbollah leader Hassan Nasrallah promised Iranian vessels would bring fuel to Lebanon amid its harrowing energy crisis. News Brief
