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 threatened by Russia-Saudi oil pact Oil dealings between Moscow and Riyadh raise suspicions in Tehran, but Iran may soon learn they have a silver lining. Saudi Arabia
Oil smugglers can count on corruption in Iraq More than a year after Mosul was liberated from the Islamic State, oil smuggling continues in the area. Iraq
Top Russian security officials tour Egypt, Gulf to discuss Syria, Libya Over the space of a week, top officials in the Russian security apparatus toured Saudia Arabia, the United Arab Emirates and Egypt with some intriguing proposals on Syria and Libya. Saudi Arabia
Ankara set to boost naval posture with major exercise Turkey may be planning an ambitious air-naval military drill that would span three seas. Palestine
Is new energy league an alliance against Ankara? A Cairo-based partnership among Egypt, Israel, Cyprus, Greece, Italy, Jordan and the Palestinian Authority is ready to explore energy sources in the eastern Mediterranean — whether Turkey likes it or not. Palestine
US sanctions and the dynamics of Iran’s petroleum sector While US sanctions are hitting Iran’s key energy sector hard, the industry remains set to advance, albeit at a slower pace and with a lower level of technology. Iran
Congress sees unprecedented opportunity to confront OPEC For the first time since OPEC’s formation, both the White House and Congress appear to be on the same page when it comes to suing the oil cartel for violating the US antitrust law. Saudi Arabia
Why the Rouhani administration must eliminate energy subsidies Despite pressure from lawmakers and the general public, the Rouhani administration must proceed with fuel-subsidy reform in order to relieve itself of avoidable financial burdens. Iran
Iran reintroduces fuel cards to combat smuggling The Iranian government’s reintroduction of fuel cards has the potential to increase efficiency in governance and economy. However, it is important that the government pursue a comprehensive plan to rationalize fuel consumption, subsidies and cash handouts. Iran
Putin, Erdogan boost Russia-Turkey ties with TurkStream Putin, Erdogan are all smiles in Istanbul marking the end of construction of the offshore section of the TurkStream. The megaproject seeks to boost the relations and change Eurasia's energy market. Turkey
Turkey’s oil-and-gas drilling ship sails into eastern Mediterranean Turkey announced the launch of an oil-and-gas drilling ship in the eastern Mediterranean amid tensions with several regional countries, including Egypt and Cyprus, over the energy wealth there. Egypt
