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Economy & Business

Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP via Getty Images

Oil jumps above $100 as energy crisis called worst in history: What to know

The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.

Sakis Mitrolidis / AFP via Getty Images

Group of 32 states to release 400M barrels of oil reserves: What to know

The move would mark the agency's largest ever release of oil reserves to stabilize the global market.

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

Yasin AKGUL / AFP via Getty Images

Analysis

Oil-price hikes from Iran war threaten Turkey's rate cuts in inflation fight

Surging oil prices and regional disruptions could halt monetary easing and widen Turkey’s current account deficit.

Ezgi Akin

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

An Emirates Airbus A380 passenger aircraft prepares for landing at Dubai International Airport in Dubai on March 8, 2026.

Airlines gradually restore Middle East flights, Gulf still heavily grounded

More than 43,000 of the 78,500 scheduled flights in and out of the Middle East have been canceled since the war began Feb. 28, according to flight data firm Cirium.

United Arab Emirates

Latest News

Oil swings steady as Aramco warns of 'catastrophic' Hormuz disruption

Dan Kitwood/Getty Images

Analysis

Oil crisis stokes inflation risks for Mideast as Iran war exposes importers

Smoke and flames rise at the site of airstrikes on an oil depot in Tehran on March 7, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

G7 readies strategic reserves after oil nears $120 amid Iran war

In this photo illustration, a smartphone displays the crude oil price in USD after markets in the UK opened on March 9, 2026, in London, England.

Analysis

Qatar gas shock roils Middle East energy risk profile amid Iran war

Yasin AKGUL / 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

People shop in a market on June 17, 2025 in Damascus, Syria.

Norway removes sanctions on Syria: What to know

Norway has moved to increase humanitarian assistance to Syria.

An aerial picture shows workers using a crane to plant trees in a park project by the roadside in the Saudi capital Riyadh, on March 29, 2021. - Although the OPEC kingpin seems an unlikely champion of clean energy, the "Saudi Green Initiative" aims to reduce emissions by generating half of its energy from renewables by 2030. (Photo by - / AFP) (Photo by -/AFP via Getty Images)

Saudi renewables firm ACWA Power eyes major China expansion: What to know

By 2030, ACWA Power aims to expand its global assets to around $250 billion, with China projected to contribute between $30 billion and $75 billion.

ADEM ALTAN/AFP via Getty Images

Turkey closes livestock markets amid foot-and-mouth disease outbreak: What to know

The Agriculture Ministry has closed all livestock markets to prevent spread of the disease while vaccination efforts are underway.

People visit the "EcoMotion Week" trade show on May 11, 2022, in the Israeli coastal city of Tel Aviv.

Israeli startups raise $1.6B in June as war with Iran fails to rattle investors

Israeli startups raised funds through 18 deals in June, marking their highest monthly total since 2022, according to Startup Nation Central.

Iranian rial banknotes bearing a portrait of the late founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini, sit on the stand of an Iraqi money dealer on June 19, 2014, in Arbil, Iraq.

Iran’s rial falls by 3% as Tehran grapples with war aftermath

The rial has fallen considerably since May, as officials lash out against the US despite the recent conflict coming to a close.

CORRECTION / A picture taken in Riyadh shows the sign in Arabic of an Aramco gas station on the outskirts of the Saudi capital Riyadh on November 5, 2024. Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on November 5, 2024, citing low oil prices. (Photo by Fayez Nureldine / AFP) / "The erroneous mention[s] appearing in the metadata of this photo by Fayez Nureldine has been modified in AFP systems in the following manner: changing the second phrase to refer to Saudi

Saudi PIF reports 60% profit drop as inflation, low oil prices bite

The PIF said that the impairments were mainly related to changes in operational plans and increases in budgeted costs.

An aerial view shows a bridge, destroyed in an Israeli airstrike, in the town of in Qusayr in Syria's central Homs province on December 14, 2024. Islamist-led rebels took Damascus in a lightning offensive on December 8, ousting president Bashar al-Assad and ending five decades of Baath rule in Syria. (Photo by AAREF WATAD / AFP) (Photo by AAREF WATAD/AFP via Getty Images)

French company revives Syria agreement to rebuild bridges: What we know

The agreement covers 37 bridges in Syria, where infrastructure was severely damaged during the civil war, but may now be rebuilt following the lifting of Western sanctions.

Huawei

Huawei explores Egypt partnership as electricity minister visits China

Egypt's electricity and renewable energy minister met with a range of high-level officials and business leaders while on a visit to the Asian country over the past week.

A view of the west Cairo natural gas electrical power station on the Giza skyline, Jan. 13, 2022.

Analysis

Egypt weathers Israel-Iran war blow as energy woes strain economic revival

In the wake of regional hostilities rattling markets, Egypt ranks among the most exposed to aftershocks as energy insecurity continues to threaten its ongoing economic turnaround.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

IAN MAULE/AFP via Getty Images

UAE cryptofund invests $100M in Trump stablecoin project: What to know

A UAE fund has become the largest investor in World Liberty Financial, aiming to expand adoption of the Trump-linked stablecoin USD1.

United Arab Emirates

Fire and smoke rise from a building, reportedly hit by a missile fired from Iran, in central Tel Aviv on June 13, 2025.

Analysis

A new era? Why Israel-Iran war didn't spook global markets as expected

Past Middle East wars sent markets tumbling, but today's investors have grown accustomed to such shocks, perhaps setting the stage for future market miscalculations.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech