Oil and gas

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

Explainer

After UAE and Qatar, could Iraq be next to leave OPEC?

Iraq is seeking a higher production quota as the effective closure of the Strait of Hormuz has slashed oil revenues and plunged the country into a fiscal crisis.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

Syria’s energy push could soon get a major boost from Chevron: What to know

The country's leaders are seeking to translate a flurry of oil and gas agreements into concrete investments and rebuild an industry devastated by more than a decade of war, sanctions and isolation.

Elke Scholiers/Getty Images

Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Explainer

Hormuz tolls, frozen funds pose early tests for US-Iran peace progress

Early cracks are beginning to show following last week’s US-Iran deal announcement even as both sides move ahead with steps toward ending the four-month conflict.

Latest News

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Explainer

What’s the status of Strait of Hormuz after US-Iran talks?

Handout Photo by the US Navy via Getty Images

Oil falls more than 3% after Iran, US signal progress in talks

MUSCAT, OMAN - JUNE 21: Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebano

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

A view of the Hamdan al-Qara mosque in southern Amman, equipped with 140 solar panels on its roof.

Jordan increases renewable energy use

Jordan does not have large oil and gas reserves, unlike other countries in the region.

JALAA MAREY/AFP via Getty Images

Hezbollah, Israel tensions heat up over border

US-led mediation over Israel's maritime borders with Lebanon complicated by border tensions with Israel.

United Arab Emirates President Sheikh Mohamed bin Zayed al-Nahyan (R) looks on during a meeting.

Abu Dhabi National Oil Company to work with France’s TotalEnergies on carbon capture

The deal came during UAE President Sheikh Mohammed bin Zayed Al Nahyan’s visit to France, where he strengthened energy relations with the European country. The two countries have grown closer over Libya and energy exploration in the Eastern Mediterranean.

(L-R) Russian President Vladimir Putin, Iranian President Ebrahim Raisi and Turkish President Recep Tayyip Erdogan.

Russia to invest $40 billion in Iran’s oil sector

The news came during Russian President Vladimir Putin’s visit to Iran and may have been motivated by US sanctions.

(L to R) Amos Hochstein, the US senior adviser for Energy Security, speaks with the Saudi Investment Minister Khalid al-Falih.

Venture capital investments in Saudi startups triple to $584 million

Saudi Arabia is proud of its emerging startup scene, but oil remains the bedrock of the Saudi economy.

A general view taken on April 9, 2014, shows the oil terminal of Marsa al-Hariga in Libya.

Explainer: Libya exports oil to Italy after end of shutdown in east

Tribes affiliated with Gen. Khalifa Hifter, who fought the government during the civil war, closed several oil fields due to a dispute with Libya’s state oil company.

US President Joe Biden takes notes while an usher serves coffee during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah on July 16, 2022.

Breaking | Last Updated: August 22, 2024, 10:46 am

Live Updates: Biden at GCC summit in Saudi Arabia 'the US is not going anywhere'

Follow along for the latest updates on the US president's trip to Israel, the West Bank and Saudi Arabia.

Egyptian workers wait for clients at a petrol station on July 5, 2014, in Cairo as the government drastically raised fuel prices to tackle a bloated subsidy system.

Egypt again raises fuel prices

The price of Brent crude oil actually recently fell to its lowest point in several months.

US President Joe Biden disembarks from his plane upon landing at Ben Gurion Airport,

Analysis

The Takeaway: Biden opens ‘new chapter’ with Middle East trip

Energy company touts oil for food for Syria; Ukraine’s ambassador in Turkey talks Russia; Iran’s unprecedented inflation; oil stoves make comeback in Lebanon; Sudanese civilians skeptical of moves by military leaders; and more.

Elizabeth Hagedorn

Andrew Parasiliti

By Elizabeth Hagedorn , Andrew Parasiliti

Iraqi Aqeel Hassan, one of the owners of private electric generators, is pictured on July 17, 2021, at his business in Baghdad's Sadr City.

Iraq diversifies, expands sources of energy and electricty

Iraq is looking to Arab partners to help expand energy production and imports to meet summer demand.

NIKOLAY DOYCHINOV/AFP via Getty Images

Turkey looks to import gas from Turkmenistan, test exports to Bulgaria

Turkey and Turkmenistan are working on a gas deal that will likely extend to Europe in a bid to reduce Western dependency on Russian gas.

A general view taken on January 6, 2015, shows the Mellitah Oil and Gas terminal on the outskirts of Zwara in western Libya.

Reports: Libya denies cutting gas exports to Italy

Italy wants Libya to boost its gas exports to Europe in an effort to reduce the continent’s energy dependence on Russia.