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
Iraq still committed to energy ties with Saudi Arabia, Gulf states despite Iran electricity deal Iraq has signed an agreement with Iran to continue importing gas and electricity for two years. Saudi Arabia
EU criticizes Turkish energy exploration in Mediterranean Turkey disputes the European Union's position that the waters where Turkey hopes to drill for hydrocarbon belong to Greece and Cyprus. Turkey
Qatar makes massive LNG ship order The purchase by Qatar Petroleum from three South Korean companies comes as oil prices continue to rise from the lows earlier in the year. Qatar
Fourth Iranian tanker reaches Venezuela as US ups pressure A State Department official said it is warning companies about doing oil-related business with Venezuela as the ships continue to arrive. United States
Libya says oil blockade has cost $5 billion in lost revenue The Tripoli-based National Oil Corporation said the closure of oil facilities in January has led to billions in losses. Libya
Egypt announces international anti-Turkey alliance Egypt announced an international alliance that includes Greece, Cyprus, the United Arab Emirates and France to confront Turkish provocative moves in Libya and the Mediterranean. United Arab Emirates
Is Turkey on moderation path in its foreign policy? Conciliatory messages coming out of Ankara recently may appear as an effort to moderate Turkish foreign policy vis-a-vis the United States, Europe and Israel, but they are likely to be just maneuvering to weather the many stalemates in Turkey's foreign ties. Egypt
Global oil prices at highest since March following OPEC cuts Oil prices have fallen significantly this year as a result of the coronavirus and the Saudi-Russia price war, but Brent crude has now risen past $36. Saudi Arabia
Iranian tankers appear to be en route to Venezuela The United States has called for shipments between the two sanctioned countries to stop. United States
Iranian tanker on way to Venezuela despite US pressure The tanker passed through the Suez Canal on Wednesday. United States
Turkey’s intervention in Libya turns tide to Erdogan’s advantage, for now Ankara has thrown in its lot with the Government of National Accord for reasons that have more to do with its own interests than Libya’s. Turkey
Saudi Aramco first-quarter revenues fall The state-owned company still had a profit of $16.7 billion and gave its shareholders a big payout. Saudi Arabia
