Houthis claim strike on Saudi oil tanker off Yanbu: What to know The incident is the latest in a string of Houthi attacks targeting Saudi oil and military assets. Yemen
Oil falls 1.8% as traders await 'toughest' sanctions on Iran Traders are awaiting details about new US measures sure to further disrupt Iranian oil flows. Iran
Iraq’s Zaidi doubles down on militia disarmament, boosting oil exports Iraqi Prime Minister Ali al-Zaidi made the comments amid Hormuz-related export struggles and a nearing deadline for armed groups to disarm. Iraq
China slams Trump over economic war on Iran: What to know China’s once significant oil imports from Iran have been impacted by the war in the region and increasing US sanctions. Iran
Oil prices at highest since February 2020 following Saudi output cut Oil producers are concerned that the continued COVID-19 pandemic could hurt demand. Legacy: Gulf
Iran to 'urgently resume' gas shipments to Iraq following weeks of cutbacks Tehran has been reducing its gas exports to Baghdad due to unpaid bills, worsening an already critical energy situation. Iraq
Daewoo fulfills Iraq’s Faw Port despite obstacles Iraqi government voted for signing a contract with the Korean company Daewoo to finish Faw Port project. Iraq
Gulf oil exporters cautiously optimistic for 2021 A new COVID-19 strain and the possible return of Iranian crude to global markets could inflict “short-term pains” to Gulf oil producers whose local populations hold on to the oil era. Legacy: Gulf
UAE joins Egypt-led Eastern Med Gas Forum Abu Dhabi announced that it has joined the Eastern Mediterranean Gas Forum based in Cairo, as part of efforts to counter Turkey’s ambitions in the area. Egypt
Gulf oil producers scramble to catch up on renewables The coronavirus pandemic has pushed Gulf leaders to realize the region needs to accelerate its shift toward renewables; environmental activists accuse the Gulf states of double-talk. Legacy: Gulf
How realistic are Turkey’s ambitions over strategic corridor with Azerbaijan Turkey is pinning high economic hopes on a transport link that would connect it to Azerbaijan and beyond, but Russia and Iran have caveats and the viability of Turkey’s projects are open to question. Turkey
OPEC and Russia agree to boost production in 2021 The agreement follows recent increases in global oil prices. The COVID-19 pandemic has hurt oil markets and, subsequently, the economies of several Middle Eastern states. Originals
Islamic State claims sabotage attack on Egypt’s gas pipeline to Israel Egypt's military said it was a "limited explosion." Egypt
Erdogan's call for two-state solution in Cyprus dims hopes for Turkish 'reset' with West Speaking during a visit to Northern Cyprus, Recep Tayyip Erdogan said Turkey would continue drilling in contested waters around Cyprus and the Greek islands “until a fair settlement” was reached. Turkey
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
