Which airlines are cutting flights amid Hormuz fuel disruption? European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies. Iran
How are Iran-linked tankers still moving through Hormuz blockade? At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa. Iran
Iran seizes two cargo ships in Hormuz after Trump extends ceasefire The IRGC Navy’s seizure of two cargo vessels follows US Navy interdictions of two Iran-linked crude oil tankers in the Arabian Sea and the Indian Ocean earlier this week. Iran
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How long can Iran's economy weather US naval blockade? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Saudi Arabia, Kuwait's gas dispute with Iran tests recent detente Kuwait and Saudi Arabia consider the Durra gas field to be theirs, but Iran claims a part of it. The issue shows disagreements remain between Riyadh and Tehran following the resumption of diplomatic relations. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Iran boasts to OPEC of growing crude sales despite sanctions Iran's top energy official told oil-exporting nations that the Islamic Republic is in good shape bypassing sanctions to sell its lifeline product as he advertised an attractive investment market in his country. Iran
Analysts skeptical new Iran-US arrangement would significantly impact oil market Tehran has been increasing its output over the last year despite the sanctions on its oil industry. Iran
UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, according to a UNCTAD report released Wednesday. United Arab Emirates
UAE COP28 president calls on oil firms to 'deliver climate action' Sultan Ahmed Al Jaber gave a televised address to delegates at the OPEC International Seminar in Vienna, a meeting of oil executives and OPEC ministers. United Arab Emirates
Israel’s FM Cohen discusses Iran threat, energy cooperation in Greece Israel’s Foreign Minister Eli Cohen met Thursday with newly his appointed Greek counterpart Giorgos Gerapetritis. Israel
OPEC on hunt for new members, secretary-general says The oil cartel currently has 13 members, and 10 more countries form the OPEC+ group. Legacy: Gulf
Shots fired as Iran tries to seize oil tankers in Gulf of Oman, US Navy says The United States said Iran’s navy opened fire on a commercial tanker while attempting to seize it off the coast of Oman, in the latest tense encounter since Washington has moved to block sanctioned exports of Iranian petroleum. Legacy: Gulf
At OPEC, Saudi Arabia defends oil cuts with Russia despite mild market reaction The kingdom's energy minister called for more industry transparency, despite several news organizations being prohibited from reporting on the OPEC conference he was speaking at. Saudi Arabia
Kuwait rejects Iran's drilling plans in disputed gas field in Gulf Kuwait and Saudi Arabia have a longstanding dispute with Iran over the Durra gas field. The recent disagreement follows improvement in Iran's relations with both countries. Legacy: Gulf
Saudi Arabia extends oil production cut in attempt to increase prices Russia also moved to tighten supply, announcing it would reduce oil exports to 500,000 bpd in August. Saudi Arabia
Oil prices reach fourth quarterly decline on fears of economic slowdown Benchmark Brent crude futures for September were up 82 cents, or 1.1%, at $75.33 a barrel on Friday. Legacy: Gulf
