Qatar locks in US LNG through 2054 as it looks beyond Hormuz The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054. Qatar
Gulf oil exports surpass prewar levels despite escalating tanker attacks According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption. Bahrain
Analysis As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege? The country's last barrels of crude stockpiled beyond the reach of a US naval blockade fell to zero in October, raising the stakes for Tehran amid mounting economic distress. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How much oil can cushion another Middle East supply shock? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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. Originals
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. Turkey
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. Iraq
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. United States
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. Turkey
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. Turkey
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. Egypt
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. Lebanon
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. Syria
Iranian supermarket opens in Venezuelan capital Iran and Venezuela maintain strong economic ties despite US sanctions on both countries. United States
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.” Syria
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. Turkey
