Oil and gas

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.

Fishing and cargo ships and ferries are pictured in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic Republic's navy and has a strategic position on the Strait of Hormuz, on April 29, 2019.

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.

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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

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.

Analysis

How long can Iran's economy weather US naval blockade?

Getty Images

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

Why are Wall Street banks posting record profits amid Iran war?

ANGELA WEISS/AFP via Getty Images

World Bank

IMF: Oil producers better prepared for Ukraine-related economic downturn

The International Monetary Fund’s report also highlighted currency depreciation in Egypt, economic effects of the war in Yemen and Jordan’s fledgling tourism sector.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

refinery of Italian multinational oil and gas company ENI

Italy's ENI to tap North African gas for Europe

Europe’s race to reduce its energy dependence on Russia has put the spotlight on Algeria, Egypt and Libya, but their capacity to boost exports in the short term is limited and any significant increase would require large investments and stability.

DIMITAR DILKOFF/AFP via Getty Images

US becomes Turkey's second biggest gas supplier, but for how long?

Turkey's second biggest gas supplier over the past winter was the United States, but Ankara may have to turn back to its neighbors to ensure it has sufficient supplies.

An electronic sign on a building shows the price of Brent crude oil in Hong Kong, March 9, 2022.

Brent crude falls nearly 10%, OPEC basket drops slightly

Saudi Arabia has acted to keep prices high recently against the wishes of the US.

An aerial view taken on April 12, 2022, shows the city of Mariupol, during Russia's military invasion launched on Ukraine.

Analysis

The Takeaway: Ukraine war worsens Middle East oil gap

Sudan’s Burhan accuses UN envoy; Egypt increases support for Sudan; Libya cracks down on human rights activists; Turkey’s farmers face economic pinch; Islamic State uses dust as cover in Iraq … all in less than 1,200 words!

Andrew Parasiliti

Elizabeth Hagedorn

By Andrew Parasiliti , Elizabeth Hagedorn

A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022.

UAE reports slight growth of non-oil GDP

The United Arab Emirates is undergoing economic changes as it aims to reduce its dependency on oil.

United Arab Emirates

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.