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Economy & Business

A liquefied natural gas (LNG) tanker is moored at a LNG berth in Kawasaki, Kanagawa, prefecture April 8, 2026.

IEA delivers grim gas supply forecast as oil notches 15% weekly rise

A wave of new LNG supplies will be delayed for at least two years due to war-related damage to Qatari energy infrastructure, according the International Energy Agency's latest market update.

A person walks past the closed Metropolitan Opera at Lincoln Center on Jan. 7, 2021, in New York City.

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.

Refueling trucks are seen at Southend Airport on April 17, 2026, in Southend, England.

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.

BAY ISMOYO / AFP via Getty Images

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.

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Analysis

Gulf energy deals face Iran war stress test as global expansion meets oil shock

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on Feb. 6, 2017.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Could UAE tap US currency swap line as Iran war strains Gulf economies?

Haruna Furuhashi /Getty Images

United Arab Emirates

EU to restore Syria cooperation pact ahead of May talks: What to know

Tobias SCHWARZ / AFP via Getty Images

Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt

A man walks past a screen displaying stock indices at the Dubai Financial Market stock exchange in Dubai, March 4, 2026.

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

A ship loaded with oil docks at a pier with the help of a tugboat at the port of Qingdao, in eastern China's Shandong province on June 12, 2025.

China's oil imports fall 5.4% as Iranian flows recede from June highs

US President Donald Trump has intensified pressure on Iran’s economy, clamping down on its oil sector, a critical component of the state budget.

In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin (R) meets with UAE President Sheikh Mohamed bin Zayed bin Sultan al-Nahyan (L) at the Novo-Ogaryovo state residence outside Moscow on October 20, 2024. (Photo by Artem Geodakyan / POOL / AFP) (Photo by ARTEM GEODAKYAN/POOL/AFP via Getty Images)

UAE president heads to Russia to meet Putin as ties grow: What to know

UAE President Sheikh Mohammed bin Zayed al-Nahyan is heading to Moscow on Thursday for an official visit, his second in less than a year as Russian-Emirati relations continue to develop rapidly.

United Arab Emirates

Jens Schlueter/Getty Images

Chinese company to build Oman's first green hydrogen plant: What to know

The plant in Duqm plans to produce 1 million metric tons of green hydrogen per year by 2030.

An Iranian taxi driver cools down by splashing water on his face on a street amid soaring temperatures in Tehran on July 22, 2025.

Iran to close public offices as temperatures pass 105 F: What to know

Iranian officials are seeking to reduce public energy consumption as water levels decrease throughout the country and power cuts persist.

FAYEZ NURELDINE/AFP via Getty Images

Aramco's Q2 profits fall 22% as lower oil prices weigh on earnings

Saudi Arabian crude exports have been soaring, hitting a three-month high last month, though oil prices remain low.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC inks 10-year gas deal with India: What to know

The UAE is seeking to export more gas to India as domestic consumption is projected to rise in the South Asian country.

United Arab Emirates

This picture shows old Iranian banknotes of 1 million, 500,000,and 100,000 rials (L), and the new banknotes with four zeros removed (R), on Aug. 3, 2025.

Iran mulls nixing zeros from currency as value plunges: What to know

Iran has experienced massive inflation in recent years and is now contending with an energy crisis as well.

People shop at a local street market in Istanbul, Turkey, May 3, 2023.

Turkey’s inflation falls to four-year low of 33.5%: What to know

Treasury and Finance Minister Mehmet Simsek said on X that annual inflation had fallen to its lowest level in 44 months.

JOSEPH EID/AFP via Getty Images

Egypt inks offshore oil and gas deals with Eni, BP: What to know

Egypt faces growing energy vulnerability due to declining natural gas production and heavy reliance on imported supplies.

INDRANIL MUKHERJEE/AFP via Getty Images

Middle Eastern countries face new Trump tariffs: What to know

European and Asian markets fell again on Friday amid a broad selloff due to the economic uncertainty caused by the tariffs.

Lufthansa Airbus A 340

Mideast airlines see 0.4% dip amid Iran, Gaza wars, as global demand up 2.6%

Conflict-related airspace closures and regional tensions disrupted airlines based in the Middle East.

WASHINGTON, DC - JULY 29: U.S. President Donald Trump walks across the South Lawn of the White House followed by granddaughter Chloe after returning on Marine One on July 29, 2025 in Washington, DC. President Trump returned to the White House with his family after a trip to Scotland that was part vacation, part work, as he stayed at his Trump Turnberry golf course, followed by Trump International Golf Links in Aberdeenshire, from July 25 to 29. (Photo by Anna Moneymaker/Getty Images)

Analysis

Middle East braces for Trump's tariffs: Gulf gains, North Africa strains as both hedge

The tariffs could be wins for the Gulf states, as many have trade surpluses with the United States, while some in North Africa and the Levant, with trade deficits, stand to lose.

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