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Economy & Business

Aluminum ingots in the Aluminium Dunkerque plant of the American Industrial Partner group on Jan. 13, 2022, in Loon-Plage, near Dunkirk, France.

Iran war hits Gulf aluminum exports, risking nearly 10% of global supplies

The Gulf region is a critical hub for aluminum production, supplying roughly 8% to 9% of global output, with disruptions linked to the war now set to ripple through industrial supply chains.

A fuel pump is seen while refuelling a car at a gas station on March 13, 2026 in Kobe, Japan. Japan will release oil reserves to address the rise in gasoline and other petroleum products prices starting next Monday, said Prime Minister Takaichi Sanae. The International Energy Agency (IEA) stated that its member countries agreed to release the largest volume of emergency oil reserves in its history, responding to the disruption in energy markets caused by the Middle East War. (Photo by Buddhika Weerasinghe/G

IEA's Asian members begin deploying emergency oil reserves

International Energy Agency head Fatih Birol said Asian members were releasing more than 100 million barrels of crude to stabilize markets.

Lukoil

Analysis

How Russia stands to win, lose as Iran war squeezes Gulf oil exports

As crude prices surpassed $100 per barrel with the Strait of Hormuz shut, Russia is reaping benefits amid new US sanctions flexibility — but experts say Moscow faces challenges capitalizing on this new market opening.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Saudis shop for fresh products at a market in Riyadh on Feb. 18, 2026, on the first day of the holy fasting month of Ramadan in Saudi Arabia.

Analysis

Alternative supply routes emerge as Iran war tests Gulf food security

Roughly 61 million people in the Gulf rely on established food supply chains, many of which have been upended since the United States and Israel launched their attack against Iran on Feb. 28.

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

Latest News

Iran war hits fertilizer supplies as Fitch warns prices could rise some 25%

Young wheat shoots emerge from moist soil in farmland near Zakho, Iraqi Kurdistan region, Dec. 19, 2025.

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

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

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

Sakis Mitrolidis / AFP via Getty Images

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

Analysis

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

Yasin AKGUL / AFP via Getty Images

Ezgi Akin

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

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

Aermacchi MB-339 trainer aircraft of the Fursan al-Emarat (UAE Knights) aerobatics team release smoke as they fly over during the Dubai Airshow at Dubai World Central, Al-Maktoum International Airport, Nov. 14, 2023.

Russia and China big participants at Dubai Airshow

At this year's event, the UAE is balancing friendly relations with the United States as well as with China and Russia, including via the BRICS alliance.

Cargo ships unload imported goods in the Tunisian port city of Rades on November 12, 2014. The World Bank said in a report published last September that Tunisia's economic model of manufacturing for exports and protecting the domestic market was valid in the 1970s but since then had hindered progress. AFP PHOTO / FETHI BELAID (Photo credit should read FETHI BELAID/AFP via Getty Images)

Tunisia-EU economic links to prevail over political tensions

Francisco Serrano

Francisco Serrano

In Lisbon, reporting on North Africa business

A general view shows the headquarters of Bahrain-domiciled asset manager Investcorp in the capital Manama on April 18, 2022. (Photo by Mazen Mahdi / AFP) (Photo by MAZEN MAHDI/AFP via Getty Images)

In first, Bahrain asset manager targets up to $550 million in China yuan fund

Gulf buyers have announced 13 acquisitions of public and private Chinese companies so far in 2023, compared to just one in the same period of last year, according to data compiled by LSEG.

This photograph taken on June 9, 2023, shows the Central Bank of Turkey, in Ankara.

Turkey reports account surplus amid fiscal policy changes

Turkish bonds may also become more attractive, according to a top bank, as Turkey’s new economic leaders raise interest rates and end unpopular policies.

GIUSEPPE CACACE/AFP via Getty Images

Emirates, Flydubai top orders at Dubai Air Show as China's J-10 makes debut

Middle Eastern carriers were out in full force on the opening day of the five-day air show at Al Maktoum Airport at Dubai World Central.

United Arab Emirates

Tamar platform

Chevron resumes gas supplies from Israel’s Tamar field after Gaza war halt

The US energy giant was ordered to shut down the field for security reasons after the outbreak of the Israel-Hamas war.

An employee walks on the Expedient regasification ship, anchored off the coast of Israel in the Mediterranean Sea on February 26, 2015, as natural gas began flowing from the vessel, hired by the Israel Electric Corporation, to its power stations. The ship, anchored about ten kilometres from the Hadera coast, was connected the previous week to the marine buoy and as of February 25, natural gas has begun flowing from the LNG (liquid natural gas) ship through an underwater pipeline directly to the company's po

Can the East Med gas hub remain with Israel at its center?

In Washington, DC, reporting on regional energy

UAE gas

EU wants COP28 host UAE to contribute to climate fund: report

The Bloomberg report comes ahead of the annual UN climate change conference that will kick off in Dubai later this month. The UAE is working to address climate change while also remaining committed to oil and gas.

KARIM SAHIB/AFP via Getty Images

EU says UAE will restrict certain re-exports to Russia amid Ukraine war

The United Arab Emirates has agreed to restrict the re-exportation to Russia of "dual-use" items used for its war in Ukraine, and Turkey is reportedly considering a similar measure.

United Arab Emirates

Iranians shop for fruits at a market in Tehran on November 21, 2019. (Photo by STR / AFP) (Photo by STR/afp/AFP via Getty Images)

Can food security help forge Iran-GCC ties?

Shifting attitudes to food security have the potential to turn the agricultural and food sectors into the main platform for greater trade and investment between the Gulf Cooperation Council (GCC) and Iran.

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

An Emirates Airlines plane lands at Dubai International Airport in Dubai on Oct. 17, 2023.

Emirates Group posts record $2.7B half-year profit as Gulf travel recovers

Gulf airlines have largely recovered from the COVID-19 pandemic, though the war in Gaza could threaten tourism in the region.

Saudi Finance Minister

Saudi Arabia to sign more than $500M in deals with African countries

Saudi Investment Minister Khalid Al-Falih said the kingdom’s sovereign wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa.