Oil and gas

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

The deadly explosion marks an early test of Gulf efforts to revive oil and gas production following a historic energy supply shock caused by the US-Israel-Iran war.

Handout Photo by the US Navy via Getty Images

Explainer

What’s the status of Strait of Hormuz after US-Iran talks?

Oil tankers continued to transit the strait in both directions, but many turned off their transponders over the weekend after Iran's military declared Hormuz closed once again.

MUSCAT, OMAN - JUNE 21: Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebano

Oil falls more than 3% after Iran, US signal progress in talks

International benchmark Brent crude fell to $78.68 as of 7:06 a.m. EDT.

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

Brent crude prices briefly jumped back above $80 per barrel on Wednesday as traders digested conflicting signals about efforts to end the war and reopen Hormuz.

Latest News

3 Iranian tankers with 4.8M barrels of oil pass US blockade: What to know

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

Jared Szuba

In Washington, DC, reporting on defense, national security, military

Exclusive

US firm HKN Energy takes over 7 oil fields from Syria's Kurds

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on February 9, 2026. (Photo by Amjad Kurdo / Middle East Images / AFP via Getty Images)

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Explainer

US strategic oil stockpile nears four-decade low as Iran war drags on

Scott Olson/Getty Images

Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment

A long convoys of Iraqi diesel-laden tanker trucks line up along the highway Tartus-Baniyas highway as they wait to unload their cargo at the Baniyas port refinery on the Mediterranean Sea, on April 15, 2026.

The city skyline is pictured in Dubai on March 11, 2026.

Analysis

How long can markets hold their bet on Gulf resilience as war drags on?

A prolonged closure of the Strait of Hormuz and continued assaults on Gulf energy infrastructure are likely to lead to regionwide credit deterioration, experts say.

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

An Iraqi oil tanker waits at the Khawr Abd Allah canal leading up to Al-Faw port in southern Iraq, on June 6, 2024.

Desperate to sell its oil, Iraq turns to Turkey amid standoff with Kurds

As Iraq looks to reroute oil to Turkey, Baghdad is also using the plan to push the Iraqi Kurds to greenlight exports through their territory.

A fuel pump is seen while refuelling a car at a gas station on March 13, 2026 in Kobe, Japan. Japan will release oil reserves to address the rise in gasoline and other petroleum products prices starting next Monday, said Prime Minister Takaichi Sanae. The International Energy Agency (IEA) stated that its member countries agreed to release the largest volume of emergency oil reserves in its history, responding to the disruption in energy markets caused by the Middle East War. (Photo by Buddhika Weerasinghe/G

IEA's Asian members begin deploying emergency oil reserves

International Energy Agency head Fatih Birol said Asian members were releasing more than 100 million barrels of crude to stabilize markets.

Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP via Getty Images

Oil jumps above $100 as energy crisis called worst in history: What to know

The latest spike is the second time in a week that oil prices have climbed above $100 a barrel.

People sit in a cafe outside the Apple Store in Dubai on May 8, 2025. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Citi, HSBC order Gulf evacuations after Iran threatens US tech, banks

The United Arab Emirates is home to Dubai Internet City, which hosts more than 4,000 businesses, including US tech giants such as Google, Microsoft, Oracle, Dell, Amazon, Mastercard and Visa. Several of these companies also have offices in Abu Dhabi.

Sakis Mitrolidis / AFP via Getty Images

Group of 32 states to release 400M barrels of oil reserves: What to know

The move would mark the agency's largest ever release of oil reserves to stabilize the global market.

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

Gavriil Grigorov / AFP via Getty Images

Russia denied sharing intelligence with Iran in Trump call, Witkoff says

Russia denied US reports that it may have provided Tehran with targeting information on American assets in the region.

The sun sets behind burning gas flares at the Dora Oil Refinery Complex in Baghdad on Nov. 24, 2025.

Exclusive

Baghdad, US turn to Iraqi Kurds for oil exports as Iran war hits supplies

Baghdad wants Kurdish pipelines to move up to 200,000 barrels per day to global markets, but Erbil is demanding relief from a dollar embargo and greater autonomy over trade.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Smoke and flames rise at the site of airstrikes on an oil depot in Tehran on March 7, 2026.

Analysis

Oil crisis stokes inflation risks for Mideast as Iran war exposes importers

With crude oil briefly nearing $120 per barrel on Monday before giving up gains, the conflict is poised to reignite inflationary pressures around the world, including for vulnerable economies such as Egypt and Turkey.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

In this photo illustration, a smartphone displays the crude oil price in USD after markets in the UK opened on March 9, 2026, in London, England.

G7 readies strategic reserves after oil nears $120 amid Iran war

It is the first time oil prices have passed $100 in nearly four years as the key producers in the energy-rich Middle East curb output amid the conflict.

Yasin AKGUL / AFP via Getty Images

Analysis

Qatar gas shock roils Middle East energy risk profile amid Iran war

The disruption to energy transportation through the Strait of Hormuz predictably threatens crude prices, but it's natural gas supplies that are shocking the markets.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A food delivery bike drive close to a plume of smoke rising from the Zayed Port following a reported Iranian strike in Abu Dhabi on March 1, 2026. Iran's retaliatory missile and drone campaign in the Gulf has killed three people and wounded 58 in the United Arab Emirates since it began, Emirati authorities said on March 1, the day after the US and Israel launched a nationwaide attack on Iran killing its supreme leader. (Photo by Ryan Lim / AFP via Getty Images)

Analysis

From oil to data centers, US-Iran war takes key Mideast infrastructure offline

Although disruptions to shipping through the Strait of Hormuz have long been expected as a by-product of a regional war with Iran, Tehran is expanding the list of targets — with other key energy assets potentially in the crosshairs.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech