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Economy & Business

A liquefied natural gas (LNG) tanker is moored at a LNG berth in Kawasaki, Kanagawa, prefecture April 8, 2026.

IEA delivers grim gas supply forecast as oil notches 15% weekly rise

A wave of new LNG supplies will be delayed for at least two years due to war-related damage to Qatari energy infrastructure, according the International Energy Agency's latest market update.

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.

Latest News

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

Could UAE tap US currency swap line as Iran war strains Gulf economies?

Haruna Furuhashi /Getty Images

United Arab Emirates

EU to restore Syria cooperation pact ahead of May talks: What to know

Tobias SCHWARZ / AFP via Getty Images

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.

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

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

Jack Dutton

Chief Business Correspondent

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

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

A general view shows the solar plant in Uyayna, north of Riyadh, on March 29, 2018.

Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas

Saudi Arabia's renewable energy capacity under development will reach 44GW by end of 2024. However, its energy minister told an industry conference that the country will "monetize every molecule" of its oil and gas resources.

Aramco chief executive Amin Nasser speaks during the annual Future Investment Initiative (FII) conference in Riyadh on Oct. 29, 2024.

Saudi Aramco expects oil demand to average 104.5 million bpd in 2024

The CEO of the world's largest oil-exporting company sounded more bullish on oil demand compared with OPEC and the IEA.

BEIJING, CHINA - MARCH 17: Chinese Premier Li Keqiang (2nd-L) meets with Saudi Arabia's King Salman bin Abdulaziz Al Saud (2nd-R) at Great Hall of the People on March 17, 2017 in Beijing, China. At the invitation of President Xi Jinping, King Salman Bin Abdul-Aaziz Al-Saud of the Kingdom of Saudi Arabia will pay a state visit to China from March 15 to 18, 2017. (Photo by Lintao Zhang - Pool/Getty Images)

In first, Saudi Arabia to begin trading China-focused ETF: What we know

The ETF, which will begin trading on the Saudi Stock Exchange, has raised more than $1.2 billion.

This picture taken on Feb. 6, 2023, shows a view of the Tibbin dual fuel (natural gas and fuel oil) powerplant and Helwan Steelworks, in the Helwan suburb south of Egypt's capital, Cairo.

Analysis

Even with Greece venture, Egypt's energy hub ambitions remain far off

Egypt's key gas field has seen a slump in output while Cairo continues to import more gas from other countries such as Cyprus and Israel.

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

Rockets fired from southern Lebanon are intercepted by Israel's Iron Dome air defense system over the Upper Galilee region in northern Israel on Sept. 24, 2024.

Israel clinches $500M deal with Elbit Systems, Rafael for Iron Beam defense system

Expected to be operational within a year, the 100-kilowatt class, high-energy Iron Beam system is designed to complement Israel's existing Iron Dome defense system.

ENI headquarter in San Donato Milanese, near Milan, Italy, Oct. 27, 2017.

After decade halt, Eni, BP resume hydrocarbon exploration in Libya

Onshore drilling had been suspended for a decade, since the beginning of the Libyan civil war between rival factions in the country’s east and west.

Attendees arrive for the yearly Future Investment Initiative (FII) conference in the Saudi capital Riyadh on Oct. 24, 2023.

Saudi Arabia pushes for Africa debt relief as private investments set to reach $25B

Saudi Arabia is pushing for debt relief for African nations burdened with more than $1 trillion in liabilities.

KARIM SAHIB/AFP via Getty Images

India revokes UAE operator's authorization to handle cross-border transactions

India's central bank announced the decision in a statement noting that the UAE's exchange body showed “non-compliance with regulatory requirements.”

United Arab Emirates

Attendees take part in the annual Future Investment Initiative (FII) conference in the Saudi capital Riyadh on October 25, 2022. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What to make of Saudi Arabia's $96B in foreign direct investment in 2023

Driving foreign investment into key sectors is part of Saudi Arabia's efforts to diversify away from an oil-dependent revenue model.

Starbucks sales see 7% drop, largest since pandemic, amid Gaza boycotts

The company has been grappling with protests and boycott campaigns on social media due to the Israel-Gaza war and the union fight in the United States.

ANATOLII STEPANOV/AFP via Getty Images

In Oman visit, Ukraine FM calls for food hub to boost Africa trade

Ukraine’s top diplomat will visit Egypt and other African countries after Oman amid the ongoing war with Russia.

German Chancellor Olaf Scholz (R) and Emir of Qatar Sheikh Tamim bin Hamad al Thani speak to the media following talks at the Chancellery, Berlin, Germany, May 20, 2022.

Qatari emir in Germany to boost economic ties

According to the German chancellery, Scholz will host the emir at Meseberg Castle, with the meeting focusing on deepening energy, trade and regional security ties.