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

Massive pipeline fire injures 17 near Cairo

The highway fire, which engulfed scores of cars, is believed to have been caused by leakage from a nearby crude oil pipeline.

US threatens sanctions in bid to restore oil sharing in Libya

The US government raised the specter of sanctions on unspecified parties involved in Libya’s civil war yesterday after Libya’s oil authority accused the United Arab Emirates (UAE) of obstructing efforts to restore petroleum revenue sharing between the country’s warring sides.

Report: Energy producers in Middle East to earn billions less in oil revenues

The International Monetary Fund's prediction that was reported by The Associated Press is the latest negative outlook for Middle Eastern economies.

A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf. / AFP PHOTO / ATTA KENARE (Photo credit should read ATTA KENARE/AFP via Getty Images)

Iran cuts oil production and storage is nearly full amid pandemic, US sanctions

Reuters reported that Iran's onshore storage facilities are nearly full while production is at its lowest point since the Iran-Iraq war.

Israel approves exploration, bidding on disputed offshore field

Energy Minister Yuval Steinitz announced June 23 the opening of bidding for drilling in Block 72, off Israel’s northern shores, which Lebanon says is adjacent to its own fields.

An employee walks on the Expedient regasification ship, anchored off the coast of Israel in the Mediterranean Sea on February 26, 2015, as natural gas began flowing from the vessel, hired by the Israel Electric Corporation, to its power stations. The ship, anchored about ten kilometres from the Hadera coast, was connected the previous week to the marine buoy and as of February 25, natural gas has begun flowing from the LNG (liquid natural gas) ship through an underwater pipeline directly to the company's po

Israel, Egypt energy ties so far unaffected by coronavirus crisis, annexation plan

Despite the coronavirus crisis and the annexation plan, agreements to export Israeli natural gas to Egypt remain intact.

Employees of Aramco oil company work in Saudi Arabia's Abqaiq oil processing plant on September 20, 2019. - Saudi Arabia said on September 17 its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half. The strikes on Abqaiq - the world's largest oil processing facility - and the Khurais oil field in eastern Saudi Arabia roiled energy markets and revived fears of a conflict in the tinderbox Gulf

OPEC continues oil export cuts in June

Global oil prices continue to hold up relative to earlier in the year as oil-producing countries in the Middle East struggle economically.

HOLE, SYRIA - NOVEMBER 09: November 9, 2015 in Hassica, Rojava, Syria. (Photo by John Moore/Getty Images)

US troops 'secure' northeast Syria oil, as contamination from it imperils lives

Dilapidated pipelines and oil waste coat polluted rivers and streams in Kurdish-run northeast Syria.

TOPSHOT - A trader walks by beneath a stock display board at the Dubai Stock Exchange in the United Arab Emirates, on March 8, 2020. - Saudi's stock exchange fell 6.5 percent and other Gulf markets tumbled to multi-year lows at the start of trading after OPEC and its allies failed to clinch a deal over oil production cuts. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

IMF official: Gulf economies to contract by 7.6% in 2020

The International Monetary Fund official's predictions are worse than earlier ones as the Gulf deals with oil price drops and the COVID-19 pandemic.

Intel: Democrats try to stymie Trump’s 'secure the oil' mission in Syria

Democrats are turning up the heat on President Donald Trump’s “secure the oil” mission in northeast Syria.

US Secretary of State Mike Pompeo speaks during a press conference at the State Department in Washington, DC on June 24, 2020. (Photo by MANDEL NGAN / POOL / AFP) (Photo by MANDEL NGAN/POOL/AFP via Getty Images)

Pompeo dismisses Rouhani’s terms for talks as Iran admits ‘no plan B’ for Syria

Israel, Iran and the United States are all not backing down in Syria, but US-Iran prisoner talks may still have a chance.

Intel: US sanctions Iranian ships for delivering oil to Venezuela

The United States sanctioned the captains of five Iranian vessels today for delivering oil to Venezuela.