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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

Excess flammable gasses burning from gas flares at the Havana oil field, west of the multi-ethnic northern Iraqi city of Kirku, Oct. 17, 2017.

Analysis

Why low oil prices under Trump are unlikely to curb Middle East output

Prices stood around $100 a barrel in 2022, under the Biden administration, but hovered between $63 and $66 this past week.

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

Jakarta

GCC-Indonesia economic ties deepen with Saudi MoUs, joint Qatar fund

Trade between Indonesia and the Gulf is rising and negotiations are underway for a GCC-Indonesia free trade agreement.

People walk past a currency exchange board showing the Turkish Lira which fell to historic lows against the dollar after the news of the arrest of Istanbul Mayor Ekrem Imamoglu on March 19, 2025 in Istanbul, Turkey.

Turkey hikes interest rate to 46% amid turmoil over Imamoglu’s arrest

The rate hike marks the first since March 2024, amid growing economic turmoil following the arrest of Istanbul Mayor Ekrem Imamoglu.

A picture taken on Dec. 7, 2021, in Istanbul shows Turkish liras.

Turkey's budget deficit narrows to $6.8B in March as lira fluctuates

The data was released as Turkey has been facing economic turmoil and currency volatility.

Cheng Xin/Getty Images

China's oil imports highest since 2023 amid Iran crude spike: What to know

Data from analytics firm Kpler from April 11 showed that Iran’s exports were up 20% from February and at a five-month high.

Retired US army general, David Petraeus, speaks at the Qatar Economic Forum in Doha on May 15, 2024.

David Petraeus, ex-CIA head, tapped to lead KKR's push into Mideast markets

The newly-formed team will identify investment and partnership opportunities in the region, with a focus on the Gulf Cooperation Council countries, the private equity firm said.

People walk past the New York Stock Exchange on Wall Street on April 11, 2025, in New York City.

Where Middle East’s top investors stand as tariffs roil US bond market

GREG BAKER/AFP via Getty Images

China courts Gulf, BRICS allies as trade war with US escalates

Since US President Donald Trump announced reciprocal tariffs on more than 180 countries on April 2, Beijing has stepped up engagement with Riyadh.

Florian Wiegand/Getty Images

Mideast markets rebound with tariff suspension after top Gulf firms suffer $100B rout

A global stock rally on April 10 followed a major sell-off in the Gulf, driven by a policy reversal from US President Trump suspending tariffs.

AFP via Getty Images

Iran oil exports to China soar in March to 1.9M bpd despite US sanctions

The United States and Iran will hold negotiations on the Islamic Republic’s nuclear program on Saturday as Tehran hopes to achieve sanctions relief.

An aerial view of the Cheniere Energy liquefied natural gas plant, on Feb. 10, 2025, in Port Arthur, Texas.

UAE's Mubadala makes first US gas play in wave of Gulf LNG investment

Other Gulf energy majors such as Saudi Aramco and ADNOC have already made significant investments in US LNG.

United Arab Emirates

oil field

After steep fall, oil prices slightly recover following Trump tariff pause

Over the last week, oil prices have plummeted amid the escalating trade war between the United States and China.