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
Iran says daily oil output to hit 3.5M barrels in September Iran's oil output will reach 3.5 million barrels per day by Sep. 22, the state-run news agency reports. Iran
Egypt’s power cuts persist amid heat, declining natural gas production Egypt wants to export more natural gas, including in cooperation with neighboring Israel, but domestic production is declining amid the government’s efforts to reduce consumption. Egypt
From Beijing to Chengdu, UAE’s ENOC establishes first China jet fuel network The Dubai government-owned oil and gas company said the expansion will extend to strategic cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu. United Arab Emirates
Iran inks deal with Pakistan as pipeline project drags The five-year partnership seeks to facilitate and double the current bilateral trade, which has been complicated by US sanctions on doing business with Tehran. Iran
UAE’s ADNOC buys stake in Azerbaijan gas field The move follows a wind and solar energy deal between an Emirati firm and Azerbaijan. Legacy: Gulf
Eni ends 9-year force majeure status for Libyan gas exploration sites Eni is Libya’s largest gas producer and domestic market supplier with an 80% share of national production. Libya
Canadian energy firm to develop major oil field in Turkey’s Kurdish southeast A Canadian firm will help Turkey develop its new oil field in Sirnak province. Turkey
Iran's oil shipments to China triple in 3 years despite sanctions Iran’s strengthening ties to China have prompted some senators to call for more sanctions. Iran
In Gaza, pressure builds on Hamas to solve power crisis amid heat wave Palestinian activists in the Gaza Strip are launching campaigns to pressure Hamas into resolving the power crisis, which has worsened this past month due to a severe heat wave. Palestine
Kuwait to begin drilling in disputed gas field with Iran Kuwait and Saudi Arabia’s dispute with Iran over the Durra gas field is coming amid improved ties between Iran and the Gulf. Legacy: Gulf
UAE joins India's Global Biofuel Alliance on clean energy ahead of COP28 The UAE minister of energy and infrastructure announced Wednesday that his country is a willing participant in the global alliance and has been investing heavily in biofuels. Legacy: Gulf
Saudi oil exports hit new low, dropping by more than one-third In May of this year, Saudi Arabia’s value of oil exports hit a low of just over $19 billion, reported the kingdom’s General Authority for Statistics. This includes both crude and refined products. Saudi Arabia
