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Economy & Business

Indian vessel 'Nanda Devi' carrying liquefied petroleum gas (LPG) arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026 after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that remains disrupted by the Middle East war.

Iran’s Hormuz choke hold leaves West divided as energy markets reel

Between March 1 and March 19, there were only 114 crossings of the strait, according to analytics firm Kpler — 95% less than prewar traffic.

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

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

Latest News

After 35% surge, how far could Gulf disruptions push European gas?

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.

UAE steps in to support banks as war pressure builds: What to know

AFP via Getty Images

United Arab Emirates

Analysis

Iran war tests Gulf dealmaking as foreign investors assess risks

The city skyline is pictued in Dubai on March 11, 2026. The oil-rich Gulf has borne the brunt of Iran's attacks in response to US-Israeli strikes that sparked the Middle East war, with Tehran targeting US assets but also civilian infrastructure. (Photo by Giuseppe CACACE / AFP via Getty Images)

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

Baghdad dinar protest

Protests in Iraq amid local currency devaluation, Central Bank changes

Restrictions from the US Federal Reserve, corruption, and Iraq’s lack of an electronic banking system have all led to the dinar’s recent fall in value against the dollar.

South Korean Foreign Minister Park Jin (R) shakes hands with Saudi Foreign Minister Prince Faisal bin Farhan (L)

South Korea’s Samsung to help Saudi Public Investment Fund with construction projects

Saudi Aramco has also strengthened its ties to South Korean companies recently.

GIUSEPPE CACACE/AFP via Getty Images

Cruise ship terminal opens in Jordan’s port of Aqaba

The agreement with Abu Dhabi’s AD Ports Group could help bolster Jordan’s tourism sector.

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022. (Photo by STR/AFP via Getty Images)

Iran bolsters ties with China and Venezuela despite US sanctions

Iranian oil exports to China are on the rise, and the Islamic Republic’s relations with Venezuela are moving beyond energy matters, as the South American country recently received 1,000 vehicles from the Iranian automobile firm Saipa.

Algeria's Energy Minister Mohamed Arkab

Algeria-Italy energy ties strengthen with emission reduction deal

Italy’s Eni and Algeria’s Sonatrach pledged to work together on carbon capture, green hydrogen and more during Prime Minister Giorgia Meloni’s official visit to Algeria. The North African country is exporting more gas to Europe in response to the Ukraine war.

Oman's Minister of Oil and Gas Mohammed bin Hamad al-Rumhy.

Oman continues economic reforms by listing drilling company on stock exchange

Oman’s fiscal performance has improved in the last year, and the country wants to produce more alternative forms of energy, such as hydrogen.

OPEC Fund Director General - Abdulhamid Alkhalifa

OPEC Fund raises $1 billion via sustainability bond

Gulf states in the organization are showing increasing interest in funding projects related to the environment, renewable energy and green technology.

Wind power is one of the fastest-growing renewable energy technologies. Usage is on the rise worldwide, in part because costs are falling. Many parts of the world have strong wind speeds, but the best locations for generating wind power are sometimes remote ones. Windmills for electric power production in the desert in Egypt.

Middle East green finance to see further boost from COP28

PRO Trend Report: The Middle East's green finance space is growing rapidly, but it's still relatively small compared to the world's largest markets. The region is poised to become a bigger player ahead of COP28, though. (subscribers only, access with free trial)

A tourist swims in a swimming pool at a hotel in Tunisia's resort town of Hammamet, about 66 kilometres south of the capital Tunis, on October 7, 2021. - The October sun warms the sands of Hammamet beach on the Tunisian coast, but the coronavirus pandemic still casts a shadow, and visitors are few on the ground. After two ruined seasons in a row, operators in Tunisia are licking their wounds and hoping the lifting of travel restrictions will spell better days. (Photo by ANIS MILI / AFP) (Photo by ANIS MILI/

North African tourism hinges on stability in Europe and at home in 2023

PRO: Will tourism revenues make a comeback in North Africa in 2023? Here's what we're expecting. (access with one-week free trial)

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

Lebanese pound exchange

Lebanon's currency hits an all-time low as gridlock continues

Lebanon's currency has set a new record low as the parliament failed yet again to elect a president.

ISSOUF SANOGO/AFP via Getty Images

Why Tunisian InstaDeep’s $682m exit may not mark Maghreb's turning point

While mega exits have historically upturned ecosystems across the world, Tunisia and the Maghreb region contain hurdles that make such shifts less likely.

An Egyptian vendor carries a rack of Egyptian traditional 'Baladi' bread in Al Fustat neighborhood on May 2, 2022 in Cairo, Egypt. Egypt imports 80% of its wheat supply from Russia and Ukraine, whose production and export have been disrupted by the invasion. (Photo by Roger Anis/Getty Images)

Al-Monitor/Premise poll: Majority in Egypt, Turkey and Tunisia on edge over food access

In an exclusive poll in five countries across the Middle East and North Africa, 68% majority of the population worried about their ability to access food.

Al-Monitor Staff

By Al-Monitor Staff