Oil and gas

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Brent crude sails past $100 as Middle East war intensifies

The Iran war escalated this week as Yemen’s Iran-backed Houthi rebels attacked four southern Saudi Arabian cities and oil facilities.

Egyptian President Abdel Fattah al-Sisi (c) held talks with Cypriot President Nikos Christodoulides (l) and Greek Prime Minister Kyriakos Mitsotakis (r) in Cairo, Egypt, Sept. 8, 2026.

Egypt's Sisi hosts Greece, Cyprus leaders for energy talks: What to know

The three-way summit in Cairo follows electricity and gas deals between the three countries as Egypt addresses its gas production struggles.

The former chief of Iran's Islamic Revolutionary Guard Corps, Mohsen Rezaei, takes part in a demonstration against American "crimes" following the killing of IRGC Maj. Gen. Qasem Soleimani in a US strike on his convoy at Baghdad international airport, Tehran, Iran, Jan. 3, 2020.

Iran to announce new Gulf restricted zone, Hormuz route: What we know

Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, said the restricted zone would begin at the point where the US blockade of Iranian ports starts and extend into the Gulf.

A man walks past a mural depicting oil pumps and the Venezuelan flag, with portraits of Venezuelan independence leader Simon Bolivar (L) and former late President Hugo Chavez (R), in Caracas, Venezuela, on Sept. 3, 2026.

Analysis

Could Trump’s oil push in Venezuela upend OPEC’s energy order?

Washington’s growing role in controlling the Latin American country's crude riches could help reshape an energy order centered on OPEC as the Hormuz crisis pressures Gulf exports.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Latest News

Saudi oil exports hit nine-year low as tanker attacks threaten recovery

A commercial vessel passes through an international shipping lane off Yemen's Hanish Island in the Red Sea on July 27, 2026.

Oil surges over 4% after US strikes Iranian mainland

Atta KENARE / AFP via Getty Images

Oil prices fall after Iran steps up truce efforts, US says Hormuz mines cleared

Ali Saeedi/Getty Images

Houthis claim strike on Saudi oil tanker off Yanbu: What to know

Supporters of Yemen's Houthi rebel movement carry a mock rocket as they demonstrate in the capital, Sanaa, to denounce a reported air strike by the Saudi-led coalition on a prison in the country's rebel-held north, on Jan. 21, 2022.

Leon Neal/Getty Images

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.

Zaidi

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.

Foreign Ministry Spokesperson Lin Jian holds a press conference on Aug. 19, 2026.

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.

AHMAD AL-RUBAYE / AFP via Getty Images

Explainer

Iraq seeks special Hormuz access from Iran in scramble to keep oil flowing

As Iran's parliament speaker holds talks in Baghdad, Iraq has asked Tehran for special consideration for its oil exports.

President Ahmad al-Sharaa meets Turkish Energy and Natural Resources Minister Alparslan Bayraktar at the People’s Palace in Damascus, Syria, on Aug. 19, 2026.

Turkey looks to expand Syria energy footprint into oil, gas

Turkish Energy Minister Alparslan Bayraktar said state oil giant TPAO and private companies are ready to explore for oil and gas onshore and offshore in Syria.

Leon Neal/Getty Images

Oil nears $92 on UAE missile alert as Trump claims Iran talks stuck

Brent crude climbed near $92 a barrel on Tuesday, reaching its highest level this month amid new escalatory developments.

United Arab Emirates

Ships are anchored in the Strait of Hormuz on Aug. 10, 2026, off the coast of Bandar Abbas, Iran.

Iran says understanding reached with Oman over new Hormuz route map

Iranian Foreign Ministry spokesperson Esmail Baghaei told reporters in Tehran on Monday that “an understanding has been reached regarding the map of the transit route.”

A photograph obtained from the Iranian Students’ News Agency shows an oil slick along the southern coast of Qeshm Island, Iran, August 13, 2026.

Oil spills off Oman, Iran's Qeshm Island reap environmental havoc amid war

One oil leak off the coast of Oman is estimated to cover more than 772 square miles, devastating local habitats.

Children swimming in the Strait of Hormuz

Iran’s Hormuz authority denies Trump claims of control over strait: What to know

Trump administration officials have said oil shipments through the Strait of Hormuz are rising, but maritime traffic remains diminished.

Libyan firefighting teams attempt to extinguish a fire at the Zawiya refinery, the second-largest oil refinery in Libya, with a refining capacity of 120,000 barrels per day, after a tank belonging to the state-owned Libyan Brega Oil Company was attacked by unknown perpetrators, in Zawiya, Libya, on Aug. 11, 2026.

Analysis

Libya’s oil revival faces new test as violence returns amid US peace push

A drone strike destroyed a power substation in Zawiya as a US-backed peace push appears to be roiling domestic tensions.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

port attack

Hormuz traffic sinks to one-week low as ships attacked, talks stagnate

The United States and Yemen's Houthi rebels carried out separate attacks on commercial ships on Tuesday in the Gulf of Oman and the Red Sea.

Minister of Foreign Affairs Hakan Fidan met with Abdul Hamid Dbeibah, Prime Minister of the Government of National Unity of Libya, in Tripoli on Aug. 11, 2026.

Turkey’s Fidan heads to Libya as US-backed unification push gathers pace

The Turkish foreign minister will hold talks in both Tripoli and Benghazi as Ankara seeks to preserve its military, maritime, energy and commercial interests while Washington pushes Libya’s rival camps toward a power-sharing arrangement.