Why did the Met Opera lose its Saudi funding deal? The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years. Saudi Arabia
Which airlines are cutting flights amid Hormuz fuel disruption? European and Asian airlines have been most impacted by the closure of the Strait of Hormuz, which is throttling jet fuel supplies. Iran
How are Iran-linked tankers still moving through Hormuz blockade? At least 19 Iran-linked tankers have passed through the US blockade on the strait to exit the Gulf while at least 15 have entered, according to the cargo-tracking group Vortexa. Iran
Iran seizes two cargo ships in Hormuz after Trump extends ceasefire The IRGC Navy’s seizure of two cargo vessels follows US Navy interdictions of two Iran-linked crude oil tankers in the Arabian Sea and the Indian Ocean earlier this week. Iran
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How long can Iran's economy weather US naval blockade? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Israel to export more gas to Egypt as cooperation grows Israeli-Egyptian cooperation on gas matters has increased significantly in recent years, despite Egyptian criticism of Israeli policy towards the Palestinians. Egypt
Turkey’s FM tackles long-held disputes with Iraq in first official visit Hakan Fidan chose Iraq for his first official visit as Turkey's new foreign minister, but the visit appeared to yield little progress on long-standing disputes between Ankara and Baghdad. Turkey
US shale giant to invest $1.4B in Egyptian fossil fuel projects At the end of last year, Apache Corp's main interests in Egypt were in the Western Desert with 5.3 million gross acres in six separate concessions. Egypt
US finally unloads Iranian oil from seized tanker The Iranian oil aboard the Suez Rajan sat unloaded off the coast of the United States for months amid threats from Iran, causing concern in Congress. Iran
Israeli environmental report warns of threats to Eilat coral reef Following an alarming report by the Ministry of Environmental Protection, Israeli environmentalists are calling for tighter limits on oil shipping in the Gulf of Eilat. Israel
Hungary inks deal for Qatari gas Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources. Qatar
US lawmakers question if Iranian 'intimidation effort' delaying seized oil transfer American shipping companies have reportedly been reluctant to offload Iranian oil from a tanker anchored off the coast of Texas. Iran
Saudi oil exports fall to 21-month low The decline in the kingdom’s oil exports follows its production cuts as well as those of Russia. Saudi Arabia may face difficulties maintaining price stability moving forward. Legacy: Gulf
Offshore gas rig sets up in cash-strapped Lebanon The arrival of the machinery marks a significant development for Lebanon, which hope gas exploration will revive its ailing economy. Lebanon
How significant is India's first ever use of rupees for UAE oil payment? Abu Dhabi National Oil Company (ADNOC) received the rupee payment of an undisclosed amount from Indian Oil Corp., according to an Indian Embassy statement acquired by Reuters. United Arab Emirates
Analysis Russia’s oil sales to China hurt Saudi revenue despite increased demand Despite oil prices maintaining a seven-week rally and crude demand expected to reach record highs in 2023, the burden of maintaining higher oil prices is pushing Saudi Arabia to the limit. By Salim A. Essaid
UAE's ADNOC to expand gas processing with $3.6 billion contract ADNOC Gas announced it would award the contract to a joint venture between ADQ state-fund-owned National Petroleum Construction Company and Spain’s Tecnicas Reunidas. United Arab Emirates
