New Turkey maritime draft bill fuels EastMed tensions with Greece, Cyprus Turkey’s draft maritime bill seeks to formalize Ankara’s claims in the Aegean, Eastern Mediterranean and Black seas, raising tensions with Greece and Cyprus over contested maritime boundaries and offshore energy rights. Turkey
Syria restores Raqqa oil field in former ISIS stronghold: What to know Before Syria's civil war erupted in 2011, national oil production stood at between 400,000 and 500,00 barrels per day before falling to under 100,000 bpd during the conflict. Syria
US hits China-linked Iran oil trade with sanctions ahead of Trump trip The sanctions come after the United States rejected Iran's latest proposal to end the war. Iran
Aramco profits jump 26% as Hormuz disruption chokes supply Aramco CEO Amin Nasser said the market has already lost around 1 billion barrels of oil supply since the US-Israel-Iran war erupted on Feb. 28. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Pentagon says Iran ceasefire continues despite UAE attack "We expected there would be some churn at the beginning," Defense Secretary Pete Hegseth said of the US Navy-led operation to open the Strait of Hormuz to commercial shipping. Iran
Analysis US banking on Iraqi turnaround with nomination of Zaidi as new PM Trump signals hope for a "tremendous new chapter” in US-Iraq ties with the nomination of Ali Al-Zaidi as prime minister. By Week in Review
Oil surges past $120 to war-time high as Trump rejects Iran overture Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war. Iran
Turkey advances gas pipeline plan to northern Cyprus as East Med rivalry grows The Turkish energy minister said the country's oil and natural gas pipeline operator, BOTAS, has started the engineering work for the pipeline. Turkey
Why UAE's decision to leave OPEC is major shift for cartel The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil. United Arab Emirates
UAE to leave OPEC on May 1 The United Arab Emirates says it will focus more on domestic production amid the US-Israel-Iran war. United Arab Emirates
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 ADNOC, Aramco and QatarEnergy have aggressively expanded their international portfolios in recent years, a strategy facing new constraints as the US-Israel-Iran war impacts Gulf production and exposes structural risks. By Samuel Wendel In Washington, DC, reporting on regional business and tech
