Why UAE's decision to leave OPEC is major shift for cartel The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil. United Arab Emirates
Breaking | Last Updated: April 28, 2026, 8:54 am UAE to leave OPEC on May 1 The United Arab Emirates says it will focus more on domestic production amid the US-Israel-Iran war. United Arab Emirates
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
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
PA turns to Russia in a bid to break from US sponsorship As part of its efforts to economically disengage from Israel, the Palestinian Authority seeks to establish bilateral relations with Russia in the energy field. Palestine
What is the fate of Baghdad-Erbil’s oil-for-budget agreement amid ongoing protests? Iraqi political sides vow to block a recent oil-for-budget agreement by Iraq’s caretaker government with the Kurdistan region. Iraq
Democratic leader pours cold water on Tulsi Gabbard’s bid to force Syria withdrawal The House’s No. 2 Democrat dealt a major blow to Tulsi Gabbard’s effort to force President Donald Trump to pull the remaining US troops out of Syria. Syria
Turkey sees greater partnership with Qatar than is apparent Turkey's commercial gains from its partnership with Qatar have been modest and the media fanfare over fresh bilateral accords is hard to comprehend. Saudi Arabia
Will Iran’s 50% gas price hike pay off for the economy? Iran’s cutbacks on gas subsidies must be accompanied by a crackdown on corruption if they are to yield real benefits for the government. Iran
Smuggling crackdown highlights resilience of northeast Syria’s oil trade Despite a joint Kurdish-US crackdown against oil smugglers from northeast Syria toward government-controlled territories, trade continues. Syria
Can EU's fear of terrorists give Turkey clout in ocean drilling? Following his threats to flood Europe with Syrian refugees, the Turkish president is now trying to use Islamic State suspects as leverage. Syria
Egypt conducts joint drills with Greece, Cyprus amid Turkey tensions The naval forces of Egypt, Greece and Cyprus conducted joint military exercises in the Mediterranean amid tensions with Turkey over its drilling activities in the area. Egypt
Iran plans to wean budget off oil income by next year Iranian officials say the country will kick its dependence on oil revenues by next year, using them only for development projects and to acquire capital assets. Iran
Syrian Kurds OK US-led oil mission The commander of the Pentagon-backed Syrian Democratic Forces has signed off to help the Donald Trump administration protect the war-torn country’s oil fields, even amid an ongoing Turkish incursion the group has lobbied the United States to stop. Syria
National security officials fear White House reversal on Syria As a residual US troop presence arrives in Syria, some Donald Trump administration officials are worried that the president himself may once again reverse his decision to leave troops in the country. Syria
Saudi financial forum visit pays off for India Riyadh and New Delhi were productive during the Indian prime minister’s visit to Saudi Arabia last week. Saudi Arabia
