Oil and gas

This photograph shows the Malta-flagged container ship CMA CGM "pollon Valletta and the Panamean-flagged Wood Chips carrier Green Sapphire in the sea in Fos-sur-Mer, southern France, on March 25, 2026.

No ships transit Hormuz as Iran plans safe-passage tolls: What to know

An Iranian lawmaker told Fars News Agency that Tehran plans to charge ships tolls to ensure safe passage through the Strait of Hormuz, formalizing the country’s control over the strategic waterway.

The president of the Council of Ministers, Giorgia Meloni, visited the People’s Democratic Republic of Algeria, March 25, 2026, where she met with the president of the People’s Democratic Republic of Algeria, Abdelmadjid Tebboune, at the El Mouradia Presidential Palace.

Analysis

Italy, Spain eye Algerian gas as Iran war slashes Gulf supplies

Italian Prime Minister Giorgia Meloni met Algerian President Abdelmadjid Tebboune in Algiers Wednesday in an effort maximize additional gas supplies from the North African nation.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

US Secretary of Energy Chris Wright speaks during 2026 CERAWeek by S&P Global energy conference in Houston on March 23, 2026.

US ramps up emergency oil flows as prices swing on Iran strike pause

US Energy Secretary Chis Wright announced Monday that the United States started releasing 1 million to 1.5 million barrels of oil per day last week from the Strategic Petroleum Reserve.

A general view of Navigator Terminals, an oil storage depot along the River Thames, London, March 10, 2026.

Oil plunges 8% after Trump extends Iran ultimatum

In a Truth Social post, US President Trump said that Washington and Tehran “have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.”

Latest News

Iran’s Hormuz choke hold leaves West divided as energy markets reel

Indian vessel 'Nanda Devi' carrying liquefied petroleum gas (LPG) arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026 after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that remains disrupted by the Middle East war.

Why a Kharg Island blockade could be Iran’s greatest economic threat

A picture taken on March 12, 2017, shows an Iranian tanker docking at the platform of the oil facility in the Khark Island, on the shore of the Gulf.

Analysis

Iran expands energy targets beyond Gulf as Red Sea and East Med come into play

Excess gas is burned at the oil refinery in Israel's northern city of Haifa late on March 19, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

US fast-tracks $16.5B arms sales to UAE, Jordan, Kuwait amid Iran attacks

Uae

US Treasury Secretary Scott Bessent arrives to attend an event in the East Room of the White House, Washington, DC, March 5, 2026.

US weighs easing Iran oil sanctions amid Hormuz crisis: What to know

A possible move by the Treasury would reduce pressure on Iranian crude as Washington seeks to offset supply losses tied to Iran's virtual closure of the strait.

A picture of Qatar Energy's operating facilities on March 3, 2026 in Ras Laffan Industrial City, Qatar.

Analysis

How Iran's strike on Qatar gas field could impact LNG market for years

Damage from an Iranian strike on the world's largest LNG export hub could take significant supply offline for years as Qatar considers whether to declare force majeure on long-term contracts supplying Europe and Asia.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

In this aerial view, Storage tanks at Grain LNG importation terminal, operated by National Grid Plc sit near the River Medway in the Thames Estuary on March 12, 2026, in Isle of Grain, England.

After 35% surge, how far could Gulf disruptions push European gas?

Benchmark European natural gas futures were up as much as 35% to above 68 euros ($78.09) per MWh on Thursday.

Lorries roll along the highway between Riyadh and al-Ahsa, some 200 kilometers east of the Saudi capital, on March 15, 2026. The war sparked by US-Israel strikes on Iran on February 28 has sparked chaos on global markets, and sent the price of oil soaring after the Islamic republic imposed control by force over the crucial artery. (Photo by Fayez NURELDINE / AFP via Getty Images) /

US tells citizens to leave Saudi Arabia as Iran strikes energy sites: What to know

The US Embassy in Riyadh urged its citizens to leave Saudi Arabia after a spike in Iranian attacks targeting energy facilities in the kingdom.

A view of the oil refinery on March 17, 2026 in Erbil, Iraq.

Exclusive

Iraqi oil flows to Turkey after US pledges role in Baghdad-Kurds customs dispute

A US-brokered breakthrough between Baghdad and Erbil has restarted Iraqi oil exports through Turkey after a weeklong standoff.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

A picture shows smoke billowing from the Central Production Facility 1 gas refinery in Iraq's southern Maysan province on May 29, 2022.

Exclusive

Dana Gas evacuates Khor Mor staff in Iraq's Kurdistan Region after Iran threats

Tehran has warned it will target Gulf oil and gas facilities following Israel's strike on South Pars.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Lin Jian

China to send aid to Iran, Lebanon, Iraq, Jordan as Trump delays Beijing summit

The aid announcement comes as President Donald Trump said Tuesday that his late March visit to China would be postponed.

The city skyline is pictured in Dubai on March 11, 2026.

Analysis

How long can markets hold their bet on Gulf resilience as war drags on?

A prolonged closure of the Strait of Hormuz and continued assaults on Gulf energy infrastructure are likely to lead to regionwide credit deterioration, experts say.

In Bristol, reporting on regional business, climate change, AI, tech

An Iraqi oil tanker waits at the Khawr Abd Allah canal leading up to Al-Faw port in southern Iraq, on June 6, 2024.

Desperate to sell its oil, Iraq turns to Turkey amid standoff with Kurds

As Iraq looks to reroute oil to Turkey, Baghdad is also using the plan to push the Iraqi Kurds to greenlight exports through their territory.

A fuel pump is seen while refuelling a car at a gas station on March 13, 2026 in Kobe, Japan. Japan will release oil reserves to address the rise in gasoline and other petroleum products prices starting next Monday, said Prime Minister Takaichi Sanae. The International Energy Agency (IEA) stated that its member countries agreed to release the largest volume of emergency oil reserves in its history, responding to the disruption in energy markets caused by the Middle East War. (Photo by Buddhika Weerasinghe/G

IEA's Asian members begin deploying emergency oil reserves

International Energy Agency head Fatih Birol said Asian members were releasing more than 100 million barrels of crude to stabilize markets.

Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP via Getty Images

Oil jumps above $100 as energy crisis called worst in history: What to know

The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.

People sit in a cafe outside the Apple Store in Dubai on May 8, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Citi, HSBC order Gulf evacuations after Iran threatens US tech, banks

The United Arab Emirates is home to Dubai Internet City, which hosts more than 4,000 businesses, including US tech giants such as Google, Microsoft, Oracle, Dell, Amazon, Mastercard and Visa. Several of these companies also have offices in Abu Dhabi.