Oil and gas

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Explainer

Syria’s energy push could soon get a major boost from Chevron: What to know

The country's leaders are seeking to translate a flurry of oil and gas agreements into concrete investments and rebuild an industry devastated by more than a decade of war, sanctions and isolation.

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Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Explainer

Hormuz tolls, frozen funds pose early tests for US-Iran peace progress

Early cracks are beginning to show following last week’s US-Iran deal announcement even as both sides move ahead with steps toward ending the four-month conflict.

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

The deadly explosion marks an early test of Gulf efforts to revive oil and gas production following a historic energy supply shock caused by the US-Israel-Iran war.

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Explainer

What’s the status of Strait of Hormuz after US-Iran talks?

Handout Photo by the US Navy via Getty Images

Oil falls more than 3% after Iran, US signal progress in talks

MUSCAT, OMAN - JUNE 21: Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebano

Explainer

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

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

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

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

Jared Szuba

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

Israeli Energy Minister Yuval Steinitz (R), Greece's Energy Minister Kostis Hatzidakis (2nd-R), Egyptian Minister of Petroleum Tarek el-Molla (2nd-L) and Cypriot Energy Minister Yiorgos Lakkotrypis (L) attend the East Mediterranean Gas Forum (EMGF), in Cairo, on January 16, 2020. - Israel began pumping natural gas to Egypt for the first time yesterday under a $15 billion, 15-year deal to liquefy it and re-export it to Europe. It is the first time that Egypt, which in 1979 became the first Arab country to si

Egypt, Cyprus focus on natural gas pipeline amid tensions in eastern Mediterranean

At a time when tensions are on the rise in the eastern Mediterranean, Egypt and Cyprus are intensifying talks to start building an offshore gas pipeline from the Aphrodite gas field to Cairo in preparation for re-export to Europe.

A picture taken on September 25, 2019 in the Mediterranean Sea, off the coast of Cyprus approximately 20 nautical miles (37 kilometers) north-west of Paphos, shows a Turkish army frigate, the TCG Gelibolu, (R) and the drilling vessel Fatih (L), which was deployed by Turkey to search for gas and oil in waters considered part of the EU state's exclusive economic zone (EEZ). (Photo by - / AFP) (Photo credit should read -/AFP via Getty Images)

Russia enters EastMed fray, offers to mediate with Turkey

As Turkey bemoans its loneliness in a bitter row with Greece over energy exploration in the Mediterranean Sea, Moscow says it is ready to step in to mediate talks.

Owners of Iranian fuel seized by US raise challenge in court

The US Justice Department says the companies challenging the fuel seizure are fronts for Iran's Islamic Revolutionary Guard Corps.

US government seizes control of websites allegedly involved in Iran-Venezuela oil deal

The seizure follows the US interception of fuel tankers from Iran en route to Venezuela this month amid increased US pressure on both countries.

ISTANBUL, TURKEY - MAY 29: In this aerial photo taken with a drone, Turkish drilling vessel 'Fatih' sails up the Bosphorus towards the Black Sea on May 29, 2020 in Istanbul, Turkey. (Photo by Burak Kara/Getty Images)

Turkey plans new naval drills in eastern Mediterranean

The Turkish navy will hold live-fire exercises in the eastern Mediterranean next week amid rising tensions with Greece.

ISTANBUL, TURKEY - MAY 29: In this aerial photo taken with a drone, Turkish drilling vessel 'Fatih' sails up the Bosphorus towards the Black Sea on May 29, 2020 in Istanbul, Turkey. (Photo by Burak Kara/Getty Images)

How Mediterranean standoff complicates Turkey's natural gas agenda

Too many factors — especially tensions with Greece — are at play to determine whether recent gas discovery in the Black Sea will translate into massive commercial and political gains for Ankara.

Turkish Foreign Affairs Minister Mevlut Cavusoglu (R) and German Foreign Affairs Minister Heiko Maas (L) hold a joint press conference following their meeting at the Turkish Foreign Ministry in Ankara on August 25, 2020. - The German Foreign minister warned on August 25 that Turkey's standoff with Greece in the eastern Mediterranean was at a "very critical" juncture but stressed that both sides appeared ready to talk. A crisis has been brewing in the eastern Mediterranean, where Turkey is at odds with Greec

Germany appeals for calm as Turkish, Greek navies run drills in EastMed

The Turkish and Greek navies conducted drills in the eastern Mediterranean this week as German Foreign Minister Heiko Mass seeks to bring both nations back to the negotiation table.

Turkish Foreign Affairs Minister Mevlut Cavusoglu holds a joint press conference with the German Foreign Affairs minister following their meeting at the Turkish Foreign Ministry in Ankara on August 25, 2020. - The German Foreign minister warned on August 25 that Turkey's standoff with Greece in the eastern Mediterranean was at a "very critical" juncture but stressed that both sides appeared ready to talk. A crisis has been brewing in the eastern Mediterranean, where Turkey is at odds with Greece and the Eur

Turkey open to talks with Greece without preconditions: foreign minister

During a meeting with his German counterpart, Turkish Foreign Minister Mevlut Cavusoglu said his government is ready for talks with Greece, but without preconditions.

Intel: Saudi Arabia Energy Ministry all in on $500 billion megacity

An agreement between the futuristic megacity and Saudi Arabia's Energy Ministry underscores the Kingdom's push for renewable energy and economic diversification.

People watch as Scarabeo 9, a 115-meter-long and 78-meter-high Frigstad D90-type semi-submersible drilling rig, passes on the Bosphorus Strait en route to the Black Sea in Istanbul on August 29, 2019. - The semi-submersible drilling rig is owned and operated by Italian oil and gas industry contractor Saipem and registered in Nassau, Bahamas. (Photo by Ozan KOSE / AFP) (Photo credit should read OZAN KOSE/AFP via Getty Images)

Turkey announces major natural gas discovery in Black Sea

President Recep Tayyip Erdogan said the discovery of 320 billion cubic meters of natural gas will help Turkey reduce its reliance on foreign energy supplies.

Iraq's Foreign Minister Fuad Hussein (L) speaks during a press conference with US Secretary of State Michael Pompeo at the State Department in Washington, DC on August 19, 2020. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Intel: Iraq to ink oil deal with Chevron, foreign minister says

The Iraqi government will sign an agreement with American oil company Chevron, Iraq’s Foreign Minister Fuad Hussein said during his visit to Washington on Wednesday.

Intel: Iran’s navy boards oil tanker near Strait of Hormuz, US says

A Liberian-flagged ship was seized by Iranian forces in international waters near the Strait of Hormuz, according to a US-led maritime security coalition.