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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

STEPHANE DE SAKUTIN/AFP via Getty Images

Air France to resume Beirut flights as Lufthansa, Ryanair extend suspensions

The escalating conflict between Israel and Iran has international airlines suspending flights to cities across the Middle East.

JACK GUEZ/AFP via Getty Images

Israel’s Elbit Systems sees Q2 revenues rise by 12% amid Gaza war sales

Around 27% of the company sales came from Israel compared to 17% last year, as military equipment demand increases for the war efforts in Gaza.

A man walks out of Bank Station, in The City financial district, in central London, on June 12, 2024. (Photo by BENJAMIN CREMEL / AFP) (Photo by BENJAMIN CREMEL/AFP via Getty Images)

Interview

Nomo Bank sees increasing appetite for Islamic investments, ETFs

Paul Szumilewicz, chief revenue officer at UK-based Nomo Bank, said there is a growing demand from the bank’s clients to invest in exchange-traded funds (ETFs) — a pre-defined group of bonds, stocks or commodities poured into a fund and listed on the stock exchange.

Paul Szumilewicz

Paul Szumilewicz

Nomo Bank Chief Revenue Officer

OREN ZIV/AFP via Getty Images

Israel's Netanyahu shakes off credit downgrade as deficit grows

Last week, Israel reported that its 12-month trailing deficit widened to 8.1% in July, from 7.7% in June.

GIUSEPPE CACACE/AFP via Getty Images

Oil markets take wait-and-see approach amid Israel-Iran tensions

Despite fears of regional conflict upending oil markets, some experts say that Gulf oil facilities or crude oil tankers would have to be hit directly for any major upheaval to the market in the near term.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

A picture taken on July 14, 2022, ahead of a visit by the United States president to Saudi Arabia, shows hostesses in a car manufactured by US electric vehicle maker Lucid Group.

Analysis

Will Saudis’ $1.5B cash infusion help Lucid compete with Tesla?

The Saudi-backed electric vehicle maker Lucid has never been profitable, but the kingdom remains strategically committed to it amid the growing EV market in the Gulf.

Adam Lucente

By Adam Lucente , Jack Dutton

Employees install new solar panels at the Kalyon Energy's Karapinar Solar Power Plant, Karapinar, Turkey, December 2, 2021.

UK, Poland guarantee $272M loan for Turkey's second-largest solar project

The seven solar power plants will have an aggregate power-generating capacity of 390 Megawatt peak and service Bor-Nigde, Gaziantep and Sanliurfa-Viransehir provinces.

PEDRO PARDO/AFP via Getty Images

Saudi Aramco CEO predicts 1.6-2M bpd oil demand rise after sharp price fall

The bullish perspective follows the price of Brent crude falling amid the global stock downturn and coincides with Aramco buying a more than $700 million stake in a Saudi energy complex.

Passengers look at the flight board at Ben Gurion Airport near Tel Aviv on Aug. 6, 2024.

Travelers scramble as airlines cut flights amid fear of Iran-Israel war

Germany's Lufthansa extended a suspension of services to Tel Aviv, Tehran, Beirut, Amman and Erbil to Aug. 13.

Refinery Sarir in Libya.

Libya’s largest oil field sees output reduction after shutdown by protesters

The Sharara field in southwestern Libya, which pumped out nearly 270,000 barrels per day of crude on Saturday, fully halted production Monday and was running at reduced production Tuesday due to ongoing protests.

Customers wait outside currency exchange stores on Aug. 5, 2024, in Tokyo, Japan.

Global stocks tank over fears of Middle East war, US recession

On Wall Street, the S&P 500 lost 3.1% while the tech-focused Nasdaq Composite Index lost 3.7% of its value after markets opened in New York Monday morning.

A customer buys US dollars in exchange for Turkish lira at an exchange office in Ankara, Turkey, July 20, 2023.

Turkey’s annual inflation slows down to 9-month low of 61%

The drop in the second consecutive month was slightly more than the estimates.