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
US urges Iran-backed Houthis to halt attacks on Yemen's ports The warning to the Houthis comes as US Special Envoy for Yemen Tim Lenderking returns to the region to push for peace between the country's warring sides. Yemen
Kuwait benefits from oil price boom but long-term economic challenges loom Key reforms and a lack of a diversified economy remain only two of Kuwait's major challenges. Legacy: Gulf
Israel agrees for Qatar to drill in Lebanese maritime gas field After agreeing for TotalEnergies and Eni to go ahead with exploration drilling at the Lebanese cross-border Kana-Sidon reservoir, Israel has approved the Qatari Energy Consortium to buy the drilling rights. Israel
Egypt, US, Germany launch plan to reduce methane emissions The COP27 initiative seeks to accelerate Egypt's green energy transition. Egypt
Saudi Aramco makes $7 billion investment in South Korea during crown prince’s visit Saudi Crown Prince Mohammed bin Salman is seeking to boost energy, defense and investment cooperation with Seoul during his trip. Legacy: Gulf
Breaking | Last Updated: November 17, 2022, 5:09 pm US sanctions firms in China, UAE over Iranian oil sales The latest sanctions follow designations for Iranian state-run media staff and firms sending drones to Russia. Iran
Algeria forces Russia to make concessions As the war in Ukraine carries on, the list of problematic issues between Algeria and Moscow is growing. Russia
Turkey eyes risky energy partnership with Algeria Turkey’s plan for joint oil and gas exploration with Algeria raises the specter of operational and financial challenges for a country already under economic strain, experts say. Turkey
Iranian carmaker Saipa prepares first export to Venezuela Cooperation between Iran and Venezuela now goes beyond oil. Iran
Iraq expands refining capacity to reduce oil product imports Many of the refineries in Iraq are outdated and operate below capacity. Iraq
Libya derails Egypt-Turkey rapprochement Egypt-Turkey talks to normalize their relations were halted in the wake of Ankara’s recent oil deal with Libya's Tripoli-based government. Egypt
Libya differences stall Turkey-Egypt fence-mending Turkey’s moves in Libya have undermined its fledgling dialogue with Egypt, even as Ankara took a number of measures to restrict Brotherhood exiles to please Cairo. Turkey
