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Economy & Business

Egyptian Prime Minister Mostafa Madbouly speaks in Beirut on Dec. 19, 2025.

Egypt ramps up energy investments amid war-driven price pressures

Prime Minister Mostafa Madbouly said Wednesday that Egypt has secured commitments exceeding $19 billion from international oil companies over the next three years.

Tankers are seen at the Khor Fakkan Container Terminal in the Sharjah Emirate, along the Strait of Hormuz on June 23, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Few ships pass Hormuz despite US efforts to break Iran's hold

Only four commercial vessels had transited the strait in the 24 hours before Tuesday morning, according to ship-tracking data.

Meysam MIRZADEH / TASNIM NEWS / AFP via Getty Images

Iran strikes UAE’s Fujairah oil hub as US pushes Hormuz reopening

The United States launched an initiative to restart commercial shipping through the Strait of Hormuz on Monday as the UAE braced for fallout amid new missile and drone attacks.

United Arab Emirates

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Analysis

MENA wheat importers face food security risks as Hormuz crisis festers

Crops of wheat and barley in Terbol village on May 10, 2022, in Bekaa Valley, Lebanon.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Oman enters Gulf AI race with new special economic zone in Muscat

Haitham AL-SHUKAIRI / AFP via Getty Images

Oil surges past $120 to war-time high as Trump rejects Iran overture

A pumpjack stands idle in the Huntington Beach oil field, with port cranes visible in the distance, on April 23, 2026, in Huntington Beach, California.

Iranian rial hits new record low as blockade, war take toll: What to know

An Iraqi money dealer counts Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, at an exchange office in Baghdad on Feb. 3, 2012.

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

Indian vessel Nanda Devi, carrying liquefied petroleum gas, 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

From France to India: Who is Iran allowing through the Strait of Hormuz?

Ships from Qatar turned around on Monday after sailing toward the Strait of Hormuz, while a growing number of countries have received permission to traverse the waterway.

AirAsia aircraft with two engines landing on Kota Kinabalu International airport runway, Kota Kinabalu Sabah, Malaysia, March 4, 2017.

AirAsia stays course on Bahrain hub as Iran war clouds aviation growth plans

The low-cost carrier’s commitment, while conditional on how the conflict evolves, stands out as most global airlines scale back routes, delay launches and reroute flights to avoid the Middle East.

A picture taken on May 5, 2020 shows the Acropolis overlooking the Koukaki district of Athens, during a lockdown aimed at curbing the spread of the COVID-19 pandemic, caused by the novel coronavirus. - At the foot of the Acropolis, the Koukaki district, usually popular with tourists from all over the world, has been a sad place since the pandemic, with its deserted terraces and pedestrian walkways and Airbnb accommodations emptied of their clientele. Directly hit, the dozens of small landlords who had chose

How Athens became haven for Israeli investment

In Athens, rising Israeli investment in the real estate market has been contributing to declining housing affordability.

A police speed boat patrols the port as oil tankers and high speed crafts sit anchored at Muscat Anchorage near the Strait of Hormuz on March 30, 2026 in Muscat, Oman.

Analysis

Hostage to Hormuz, can Gulf rewire future energy flows to bypass Iran’s chokepoint?

As the US-Israel-Iran war disrupts around 20% of global oil supply, experts point to opportunities and challenges facing a renewed push to develop alternatives to the Strait of Hormuz.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

This photograph shows a sign displaying the daily price panel for SP98, SP95 and diesel at a gas station in Paris on April 2, 2026.

Europe diesel at four-year high above $200 as Iran war disrupts supply

Futures traded as high as $1,498 a ton, or more than $200 a barrel, soaring as much as 9.7% in London on Thursday.

A member of the Popular Mobilization Forces patrols along a concrete wall at the Iraqi-Syrian border in Al-Qaim, west of Iraq, on Jan. 23, 2026.

Syria reopens key crossing after 11 years, aiding Iraq's oil exports amid war

Iraq and Syria have shown a desire to cooperate on oil exports, and the matter has become more urgent due to the disruptions in the Strait of Hormuz.

Exhaust emits from the engine of a passenger jet as it prepares for take off at Heathrow Airport on March 30, 2006, in London, England.

Jet fuel squeeze exposes Europe’s reliance on Middle East supply

Lawmakers on the continent have been told to make "timely preparations in anticipation of a potentially prolonged disruption" in energy flows from the region.

Shops close early, on March 28, 2026, in Cairo, Egypt.

Egypt closes stores early, Jordan bans AC as Iran war takes toll

Jordanian Prime Minister Jafar Hassan announced Monday that the use of air conditioning and heating equipment in ministries, government departments and public institutions will now be prohibited.

Golden Pass

QatarEnergy begins LNG production at major US project amid global supply strain

The development paves the way for sustained liquefaction operations and the facility's first cargo, expected in the second quarter of 2026.

Jean-Christophe VERHAEGEN / AFP via Getty Images

TotalEnergies reaped more than $1B profit from Iran war: What to know

Non-Middle Eastern energy firms have been particularly benefiting as energy flows have been choked off from the Gulf.

A general view of South Pars gas field facilities in the southern Iranian port town of Assaluyeh, on the Gulf, Nov. 19, 2015.

Analysis

Oil-rich Gulf states could face power crunch as Iran war hits energy security

While the conflict fuels a global oil price shock, the Gulf states must contend with growing threats to their own energy security, from power cuts to desalinated water loss.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech