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
Fitch upgrades Omantel’s credit rating, citing high oil prices, reforms The leading Omani telecommunications company has grown its customer base and agreed to sell its towers to a British firm, but a new cell service provider in the Gulf state could provide some competition. Legacy: Gulf
Erdogan not giving up on gas from Iraqi Kurdistan Erdogan appears bent on advancing energy deals with Iraqi Kurdistan, even as a gas project remains bogged down by legal, technical and financial snags. Turkey
Iraqi court's ruling on KRG gas puts Turkey on the spot A top Iraqi court has ruled that the 2007 oil and gas law affecting the Kurdistan Regional Government is unconstitutional in a heavy blow to the KRG and its energy deals with Turkey. Turkey
Egypt breaks LNG export records with eye on Europe The country recorded 10-year high sales in 2021 following a jump in global prices and resumption of production in its second liquefied gas facility, a flow local authorities hope to maintain as they try to become a regional hub and major player in the market. Egypt
Qatar National Bank launches environmentally friendly finance project The Doha-based bank will loan cash to the British bank HSBC to be used for green transportation investments. By AL-MONITOR Staff
Negotiations likely to start over in Israel-Cyprus gas field dispute Israel’s Energy Minister Karine Elharar is reexamining the Israel-Cyprus dispute over the gas field on their maritime border. Israel
Egypt raises fuel prices The move follows oil prices reaching a seven-year high on the back of supply coordination by OPEC and Russia. News Brief
The Takeaway: Yemen’s future may be affected by Iran talks Iran and Israel; Iran and China; Iran and Turkey; Hamas alternative to "Fauda"; and more … all in less than 1,400 words. Legacy: Gulf
Next phase of China-Iran ties depends on nuclear talks Iran and China's long-term strategic partnership awaits any new outcome of the JCPOA. Iran
Biden eyes Qatar as major non-NATO ally The upgrade in ties comes as the United States is seeking Doha's help in supplying natural gas to Europe. Qatar
Iran’s gas cut exposes Turkey’s vulnerability to energy risks Ankara’s energy preparedness for the winter and its capacity to secure alternative supplies have come under question after a halt in the gas flow from Iran sparked an unprecedented energy crunch in the country. Turkey
Lebanon signs new electricity deal with Jordan, Syria A previously announced agreement to export Egyptian gas to Lebanon has yet to come to fruition. Lebanon
