Oil and gas

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

Brent crude prices briefly jumped back above $80 per barrel on Wednesday as traders digested conflicting signals about efforts to end the war and reopen Hormuz.

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

3 Iranian tankers with 4.8M barrels of oil pass US blockade: What to know

At least three US-sanctioned Iranian-flagged tankers have exited the Gulf of Oman as the Trump administration eyes Tehran's moves ahead of sanctions waivers expected to begin Friday.

Jared Szuba

In Washington, DC, reporting on defense, national security, military

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on February 9, 2026. (Photo by Amjad Kurdo / Middle East Images / AFP via Getty Images)

Exclusive

US firm HKN Energy takes over 7 oil fields from Syria's Kurds

HKN Energy has begun operating seven oil fields under a 25-year agreement with Damascus, marking the first major production-sharing deal between Syria's new government and an international oil company.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Scott Olson/Getty Images

Explainer

US strategic oil stockpile nears four-decade low as Iran war drags on

The US Strategic Petroleum Reserve fell to 349.2 million barrels amid the global energy shock caused by the war in Iran.

Latest News

Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment

A long convoys of Iraqi diesel-laden tanker trucks line up along the highway Tartus-Baniyas highway as they wait to unload their cargo at the Baniyas port refinery on the Mediterranean Sea, on April 15, 2026.

Explainer

Venezuela’s Delcy Rodriguez meets Erdogan in surprise Turkey visit: What to know

https://www.al-monitor.com/originals/2026/06/will-pashinyans-victory-armenia-be-enough-unlock-peace-turkey-azerbaijan

Algeria begins work on Trans-Saharan gas pipeline to Europe

BOUREIMA HAMA/AFP via Getty Images

Oman denies disruption at key oil hub after reported drone attack

AFP via Getty Images

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

Analysis

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

In retaliation for strikes on its energy sector, Tehran's campaign against regional oil and gas infrastructure has intensified and broadened to include Saudi Arabia's Yanbu port and an Israeli refinery in Haifa.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Uae

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

Secretary of State Marco Rubio issued emergency waivers to bypass the normal congressional review period for the sales, the administration said, as Iran signaled its ability to open a new front with strikes on Saudi Arabia's Red Sea coast.

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.