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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

Iranians walk past Sepah Bank in the capital Tehran, on June 15, 2022. - Iran has been wrestling with rampant price growth for years, exceeding 30 percent annually every year since 2018, according to the International Monetary Fund. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)

Iran's banking sector faces hurdles to reconnect to global financial system post-sanctions

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

Representatives of OPEC member countries attend a press conference after the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting, Vienna, Austria, Oct. 5, 2022.

Iraq's commitment to OPEC oil reduction won't affect exports

Iraq's oil reduction per the recent OPEC+ agreement will not affect the country's revenues, according to Iraq's oil minister.

OPEC

Oil prices up after OPEC+ cut

Saudi Arabia has been pushing for production cuts due to fluctuations in global oil prices.

Iraqi Prime Minister Mustafa al-Kadhimi (2nd right) and his Jordanian counterpart, Bisher al-Khasawneh (2nd left), are seen during the launching ceremony of the electrical grid connection project between the two countries, Anbar province, Iraq, Oct. 6, 2022.

Iraq, Jordan launch electrical grid connection project

Iraq and Jordan launched a project for an electrical grid connection between the two countries in order to improve Iraq's electricity situation and boost economic ties between the two countries.

A guest walks in the lobby of Al-Masa Hotel during an African Ministers of Finance Economy and Environment Meeting for the COP27 climate summit, at the New Administrative Capital, east of Cairo, Egypt, Sept. 7, 2022.

COP27 presents Egypt financing opportunities for sustainable development

Egypt is considering dozens of national green and sustainable development projects as part of the government’s plan to adapt to climate change and switch to green sustainable development, as it prepares to host the UN Climate Change Conference.

A picture taken on Aug. 25, 2022, shows Egyptian pounds and US dollars banknotes.

Egyptian pound hits nominal record low ahead of IMF deal

The global economic storm has put a lot of pressure on the local currency, which nevertheless remains strong against other currencies.

Moroccans raise placards as they gather in front of parliament in the capital Rabat to protest against rising prices, on February 20, 2022. (Photo by AFP) (Photo by STR/AFP via Getty Images)

Inflation in Maghreb will continue to undercut real wages and feed social discontent

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea.

Israel, Cyprus to resolve disagreement over maritime gas field

Most of the disagreement points between Israel and Cyprus over the joint Aphrodite-Yishai natural gas reservoir have been resolved, and an agreement is apparently imminent.

Saudi staff are pictured where the Financial Sector Conference was held in Riyadh on April 24, 2019.

Is Saudi Arabia changing approach to cryptocurrencies?

Although Saudi Arabia seems to be warming to cryptocurrencies, it is unlikely to displace the UAE as the region’s crypto hub anytime soon.

Iran's Foreign Minister Hossein Amir-Abdollahian (R) receives his Syrian counterpart Faisal Mekdad in Tehran, on July 20, 2022.

Syria and Iran lower tariffs per free trade agreement

Syria and Iran signed a free trade deal more than 10 years ago but are still working out the details. The two countries are not major trade partners despite being political and military allies.

Halfaya oil field in the al-Kahla district in the city of Amara south of Baghdad on July 26, 2022.

Abu Dhabi port operator signs oil transport deal with Iraqi firm

AD Ports Group is seeking to expand its international business, recently making agreements in Egypt and Uzbekistan to this end.

A customer holds US dollar banknotes outside a currency changer as Turkey's economy is suffering its biggest economic crisis in decades, Istanbul, Turkey, Sept. 6, 2022.

Turkish inflation passes 83% as Erdogan eyes further rate cuts

Despite a galloping inflation topping 83%, Turkish President Recep Tayyip Erdogan has doubled down on his controversial monetary policy, urging the central bank to cut its policy rate to single digits by the year-end.