Oil and gas

Amjad Kurdo / Middle East Images / AFP via Getty Images

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.

Elke Scholiers/Getty Images

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.

Latest News

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

Turkey to issue new drilling licenses in eastern Mediterranean amid rising tensions

Following escalations Aug. 10 between Turkey and Greece over contested areas of the eastern Mediterranean, Ankara officials said they would issue new exploration licenses in the region this month.

This picture taken on August 23, 2019 in Istanbul shows a view of Turkish General Directorate of Mineral research and Exploration's (MTA) Oruc Reis seismic research vessel docked at Haydarpasa port, which searches for hydrocarbon, oil, natural gas and coal reserves at sea. (Photo by Ozan KOSE / AFP) (Photo credit should read OZAN KOSE/AFP via Getty Images)

Greece calls on Turkey to stop renewed gas exploration activities in East Med

As Turkish vessels are dispatched near Greek territorial waters, analysts say tensions in the eastern Mediterranean Sea could quickly escalate if leaders on both sides do not reengage in diplomatic talks.

Intel: Amid maritime deal with Egypt, Greece invites UN court to settle sea dispute with Turkey

Greek Prime Minister suggests that if no agreement can be reached, his country's dispute with Turkey over a maritime boundary should go to an international court.

An aerial view shows the massive damage done to Beirut port's grain silos (C) and the area around it on August 5, 2020, one day after a mega-blast tore through the harbour in the heart of the Lebanese capital with the force of an earthquake, killing more than 100 people and injuring over 4,000. - Rescuers searched for survivors in Beirut in the morning after a cataclysmic explosion at the port sowed devastation across entire neighbourhoods, killing more than 100 people, wounding thousands and plunging Leban

The Takeaway: Will catastrophe reshape Lebanon’s social contract?

The scoop on the Syrian Kurdish oil deal; Sisi to challenge Erdogan in Iraq and Syria; Lapid leads list of contenders to challenge Bibi; don’t shortchange Iraq’s resilience.

Mazloum Abdi (Kobani), commander-in-chief of the Syrian Democratic Forces (SDF), speaks with AFP during an interview in the countryside outside the northwestern Syrian city of Hasakah, in the province of the same name, on January 24, 2019. - Any deal between Syria's Kurds and the Damascus regime should respect the "special status" of Kurdish-led forces who fought the Islamic State (IS) group, Kobani said. The SDF control around a third of Syria after expelling jihadists from a large northeastern swathe of t

Can Syria's Kurds reel in Turkey with profits from American oil deal?

The recent deal signed between the SDF and a US oil company is as much about political brinkmanship as oil.

Iranian supermarket opens in Venezuelan capital

Iran and Venezuela maintain strong economic ties despite US sanctions on both countries.

This picture taken on July 19, 2020 shows a general view of a makeshift refinery using burners to distill crude oil in the village of Bishiriya in the countryside near the town of Qahtaniya west of Rumaylan (Rmeilan) in Syria's Kurdish-controlled northeastern Hasakeh province. - Oil pollution in Syria has become a growing concern since the 2011 onset of a civil war that has taken a toll on oil infrastructure and seen rival powers compete over control of key hydrocarbon fields. In the Kurdish-held northeast,

US oil company signs deal with Syrian Kurds

Sources told Al-Monitor the agreement to market oil in territory controlled by the US-backed Syrian Democratic Forces was signed “with the knowledge and encouragement of the White House.”

Turkey stops eastern Mediterranean drilling, wants talks with Greece

The area in which Turkey planned to drill for gas is considered by Greece and Cyprus to be their waters.

East Mediterranean tensions flare as Turkey seeks leverage in maritime border talks

Surveying activities by a Turkish ship in the eastern Mediterranean Sea have put Greek forces on high alert as Ankara seeks leverage in regional maritime border disputes.

Will Azeri-Armenian flare-up change energy game in South Caucasus?

Azeri-Armenian clashes in the strategically significant Tavush area could be the harbinger of tectonic changes in the energy politics in the South Caucasus, Turkey and Iran.

BERLIN, GERMANY - MAY 20: Heiko Maas (SPD), Federal Minister of Foreign Affairs, attends the Cabinet Meeting during the coronavirus on May 20, 2020 in Berlin, Germany. (Photo by Andreas Gora - Pool/Getty Images)

Top German diplomat criticizes Turkey's drilling plans in Mediterranean

German Foreign Minister Heiko Maas repeated the concerns of other European states regarding Turkey's gas drilling plans in what Greece and Cyprus consider their waters.

Greek Prime Minister Kyriakos Mitsotakis (C) speaks during a press conference with Israel's Prime Minister Benjamin Netanyahu (R) and Cypriot President Nikos Anastasiadis (L) in Athens on January 2, 2020 following the signing ceremony of an agreement for the EastMed pipeline project designed to ship gas from the eastern Mediterranean to Europe in Athens on January 2, 2020. (Photo by ARIS MESSINIS / AFP) (Photo by ARIS MESSINIS/AFP via Getty Images)

East-Med undersea pipeline project now ratified by Israel

Advancing the East-Med project one step further, Israel’s government ratified the agreement signed last January with the governments of Cyprus and Greece.