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.

One of the slogans displayed in street art by Chain Effect on Hamra Street, Beirut.

Culture

Bicycling movement sweeps Lebanon

As Lebanon is hit hard by a series of crises, fuel shortages aggravated by the Ukraine war have pushed many Lebanese to use bicycles as transportation.

A gas flare burns in a field close to the northern oil-rich city of Kirkuk, 225 kms from Baghdad on Nov. 2, 2009.

Will renewed interest in Iraqi Kurdish gas fuel Turkey-Iran rivalry?

Western capitals are seeking alternative natural gas resources to reduce their dependence on Russia, which creates a possible opportunity for Iraqi Kurdish gas exports.

Guests attend the Global AI 2020 Summit in the Saudi capital, Riyadh, on Oct. 21, 2020.

Saudi Aramco pursues diversification with artificial intelligence center

The Saudi energy giant is flush with cash from oil sales abroad.

A worker is seen at an oil refinery near the village of Taq Taq, in the autonomous Kurdistan Region of Iraq, May 31, 2009.

Report: oil production, profits stable in Iraqi Kurdistan

There have been a series of notable energy developments in Iraq recently.

Ukrainian presidential adviser Mykhailo Podolyak (C) speaks to the press.

Analysis

The Takeaway: Turkey thrust into spotlight amid Ukraine-Russia talks

Turkey acts as mediator in the Russia-Ukraine crisis, Israel is on high alert after a wave of terrorist attacks, how drones are revolutionizing the battlefield, and more.

Elizabeth Hagedorn

Andrew Parasiliti

Joe Snell

By Elizabeth Hagedorn , Andrew Parasiliti , Joe Snell

KARIM SAHIB/AFP via Getty Images

OPEC remains committed to oil production agreement with Russia

The Biden administration has been unable to get Gulf states to increase oil production to bring down prices and some European states are seeking alternatives to Russian natural gas.

Saudi economy

Saudi Arabian export stats show mixed results in non-oil commerce

Saudi Arabia is working to diversify its economy, but figures from January show it remains dependent on foreign oil sales.

The Barakah nuclear plant, seen here in Ruwais, Abu Dhabi.

UAE expands nuclear power plant, doubles electricity production

The UAE is still reliant on oil and gas, though nuclear energy is rising in the country and across the region.

United Arab Emirates

Egyptian Minister of Petroleum Tarek el-Mulla attends the East Mediterranean Gas Forum, Cairo, Egypt, Jan. 16, 2020.

Egypt seeks to boost gas exports to Europe as Russia-Ukraine war drags on

Egypt hopes to boost its natural gas exports at a time when European countries are gradually giving up reliance on Russian hydrocarbons, including gas, in the wake of Russia’s invasion of Ukraine.

Turkish Energy and Natural Resources Minister Fatih Donmez (2nd-L) and Azerbaijani Energy Minister Parviz Shahbazov (2nd-R) attend the Turkey-Azerbaijan (Nakhchivan) Natural Gas Pipeline Project signing ceremony at the Turkish Energy and Natural Resources Ministry headquarters, Ankara, Turkey, Dec. 15, 2020.

No magic tap for Europe to replace Russian gas via Turkey

Europe has been looking to Azerbaijan, Israel and other countries to transit gas via Turkey, but assuming political obstacles can be overcome, the massive investments needed will take time to realize.

Saudi Crown Prince Mohammed bin Salman (R) and Bahrain's Crown Prince Salman bin Hamad al-Khalifa.

Saudi GDP grew 3.2% in 2021, highest in seven years

Saudi economic progress includes growth in the non-oil sector, as foreign direct investment moves more slowly.

Russian Foreign Minister Sergey Lavrov (R) shakes hands with Iranian Foreign Minister Hossein Amir-Abdollahian

Iran says Russia won't block nuclear deal

Iran's top diplomat was in Moscow in what appeared to be a push to bring Russia back onboard the nuclear talks after they were stalled presumably by Russia's "unrelated" demands.