Oil and gas

A person walks past the closed Metropolitan Opera at Lincoln Center on Jan. 7, 2021, in New York City.

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.

Refueling trucks are seen at Southend Airport on April 17, 2026, in Southend, England.

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.

BAY ISMOYO / AFP via Getty Images

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.

Fishing and cargo ships and ferries are pictured in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic Republic's navy and has a strategic position on the Strait of Hormuz, on April 29, 2019.

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.

Latest News

Analysis

Gulf energy deals face Iran war stress test as global expansion meets oil shock

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on Feb. 6, 2017.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt

A man walks past a screen displaying stock indices at the Dubai Financial Market stock exchange in Dubai, March 4, 2026.

Analysis

How long can Iran's economy weather US naval blockade?

Getty Images

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

Why are Wall Street banks posting record profits amid Iran war?

ANGELA WEISS/AFP via Getty Images

US President Joe Biden takes notes while an usher serves coffee during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah on July 16, 2022.

Breaking | Last Updated: August 22, 2024, 10:46 am

Live Updates: Biden at GCC summit in Saudi Arabia 'the US is not going anywhere'

Follow along for the latest updates on the US president's trip to Israel, the West Bank and Saudi Arabia.

Egyptian workers wait for clients at a petrol station on July 5, 2014, in Cairo as the government drastically raised fuel prices to tackle a bloated subsidy system.

Egypt again raises fuel prices

The price of Brent crude oil actually recently fell to its lowest point in several months.

US President Joe Biden disembarks from his plane upon landing at Ben Gurion Airport,

Analysis

The Takeaway: Biden opens ‘new chapter’ with Middle East trip

Energy company touts oil for food for Syria; Ukraine’s ambassador in Turkey talks Russia; Iran’s unprecedented inflation; oil stoves make comeback in Lebanon; Sudanese civilians skeptical of moves by military leaders; and more.

Elizabeth Hagedorn

Andrew Parasiliti

By Elizabeth Hagedorn , Andrew Parasiliti

Iraqi Aqeel Hassan, one of the owners of private electric generators, is pictured on July 17, 2021, at his business in Baghdad's Sadr City.

Iraq diversifies, expands sources of energy and electricty

Iraq is looking to Arab partners to help expand energy production and imports to meet summer demand.

NIKOLAY DOYCHINOV/AFP via Getty Images

Turkey looks to import gas from Turkmenistan, test exports to Bulgaria

Turkey and Turkmenistan are working on a gas deal that will likely extend to Europe in a bid to reduce Western dependency on Russian gas.

A general view taken on January 6, 2015, shows the Mellitah Oil and Gas terminal on the outskirts of Zwara in western Libya.

Reports: Libya denies cutting gas exports to Italy

Italy wants Libya to boost its gas exports to Europe in an effort to reduce the continent’s energy dependence on Russia.

RAMI AL SAYED/AFP via Getty Images

Energy company touts oil-for-food scheme as Syrian aid route tightens

With Syria's sole remaining route for cross-border aid in peril, a London-based oil company is lobbying for an initiative that would see the proceeds of Syrian oil being used for aid, with the money going to the UN rather than Damascus.

Iran's Foreign Minister Hossein Amir-Abdollahian gives a joint press conference with his Russian counterpart Sergey Lavrov.

US unveils fresh sanctions on Iranian oil trade network

The Biden administration designated 15 individuals and entities located in Iran, Vietnam, Singapore, the United Arab Emirates and Hong Kong.

The beach in Beit Lahia looks out on the towers of an Israeli power plant in the city of Ashkelon, Gaza Strip, Dec. 15, 2021.

Egypt ready to help with Gaza Marine natural gas field

Palestnian officials claim the project has been complicated by Israel, which controls the coastal waters off Gaza.

STEFANI REYNOLDS/AFP via Getty Images

Biden says he won't ask Saudi Arabia to pump more oil during trip

President Joe Biden also downplayed his expected meetings with Saudi leaders, including Crown Prince Mohammed bin Salman.

Syria gas

Egypt ready to export gas to Lebanon once US grants waiver

Egypt plans to export the agreed-upon 650 million cubic meters of natural gas annually in order to alleviate Lebanon's energy shortage.

Algeria's President Abdelmadjid Tebboune speaks.

Algeria to maintain gas supplies to Spain despite dispute

Algeria's announcement concerning the immediate suspension of the treaty of friendship and good neighborliness concluded with Spain in October 2002, after Madrid’s radical change of position on the Western Sahara issue on March 18, will not have negative consequences on gas contracts signed by the two countries.