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United Arab Emirates

March 12, 2026

Abu Dhabi 8:10 pm

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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.

An Emirates Airbus A380 passenger aircraft prepares for landing at Dubai International Airport in Dubai on March 8, 2026.

Airlines gradually restore Middle East flights, Gulf still heavily grounded

More than 43,000 of the 78,500 scheduled flights in and out of the Middle East have been canceled since the war began Feb. 28, according to flight data firm Cirium.

United Arab Emirates

Dan Kitwood/Getty Images

Oil swings steady as Aramco warns of 'catastrophic' Hormuz disruption

As investors appear to hedge their bets on persisting war risks, strikes on Gulf energy infrastructure continued on Tuesday, with a drone hitting the region’s largest single-site oil refinery.

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

Latest News

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

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.

Analysis

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

Yasin AKGUL / AFP via Getty Images

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

UAE to freeze billions in Iranian assets following strikes

Christopher Pike/Getty Images

United Arab Emirates

What we know about UAE blocking X accounts accused of misinformation

Attendees take a picture of French Prime Minister Edouard Philippe as he delivers a speech during a visit to the Louvre Abu Dhabi Museum on February 10, 2018, on Saadiyat island in the Emirati capital, to launch the French-Emirati "Year of Cultural Dialogue". (Photo by KARIM SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

United Arab Emirates

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

Mohammed Soliman

In Washington, DC, reporting on Gulf politics

Qatar's Emir Sheikh Tamim bin Hamad al-Thani speaks to the country's consultative Shoura council in Doha, Qatar, November 6, 2018. Qatar News Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. - RC1FF5F57E20

What's behind Qatar’s Cabinet shuffle?

With a recent Cabinet shuffle, Qatari Emir Tamim bin Hamad Al Thani appears to be positioning his country for long-term economic success by taking advantage of short-term realities.

Middle East upheaval casts shadow over 'Arab NATO'

A regional military exercise hosted by Egypt excludes Qatar in a blow to anti-Iran unity.

A woman holds a portrait of missing journalist and Riyadh critic Jamal Khashoggi reading "Jamal Khashoggi is missing since October 2" during a demonstration in front of the Saudi Arabian consulate on October 9, 2018 in Istanbul. - Khashoggi, a Washington Post contributor, vanished last on October 2 after entering the Saudi Arabian consulate to receive official documents ahead of his marriage to a Turkish woman. A Turkish government source told AFP at the weekend that the police believe the journalist "was k

As Khashoggi slaying case evolves, so does Saudi story

A few countries are proclaiming strong support for Saudi Arabia, while others bide their time as the investigation unfolds.

Turkish President Tayyip Erdogan (R), Emir of Kuwait Sheikh Sabah al-Ahmad al-Sabah (L) and King Salman of Saudi Arabia are pictured at a family photo session during the Organisation of Islamic Cooperation (OIC) Istanbul Summit in Istanbul, Turkey April 14, 2016. REUTERS/Murad Sezer - GF10000382311

Gulf countries concerned as Turkey cozies up to Kuwait

Turkey’s military cooperation accord with Kuwait raises eyebrows in the Gulf.

Bahrain opposition calls for boycott of upcoming elections

November elections may do little to end the standoff between Bahrain's Sunni-led government and leaders of the country's Shiite majority.

U.S. President Donald Trump shakes hands with Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office at the White House in Washington, U.S. March 20, 2018. REUTERS/Jonathan Ernst - RC16218400E0

Commentary: Saudi First foreign policy comes back to bite Trump

US alignment with Riyadh’s worldview is under scrutiny after the disappearance of journalist and regime critic Jamal Khashoggi.

Jewish group takes over another Jerusalem property

The chaos surrounding the issue of properties in Jerusalem point to a larger problem, namely the absence of a unified solid political leadership that can guide the city’s 330,000 Palestinians.

United Arab Emirates

White House senior advisor Jared Kushner (C) arrives to join U.S. President Donald Trump and the rest of the U.S. delegation to meet with Saudi Arabia's King Salman bin Abdulaziz Al Saud at the Royal Court in Riyadh, Saudi Arabia May 20, 2017. REUTERS/Jonathan Ernst - RC161444CEB0

Democrats’ promised Trump probes threaten to sweep up Mideast allies

Key US allies could be caught in the crosshairs as Democrats plan extensive investigations into President Donald Trump’s policies and business dealings should they win in November.

People carry food aid delivered by the International Committee of the Red Cross to internally displaced people in the Red Sea port city of Hodeidah, Yemen, July 21, 2018. REUTERS/Abduljabbar Zeyad - RC1233D23F30

UN warns of famine after Yemen talks sputter

In an interview with Al-Monitor, the top UN aid official in Yemen warned that 10 million more people are at risk of starving if fighting in the war-torn country doesn’t stop.

A soldier from the United Arab Emirates stands guard next to a UAE military plane at the airport of Yemen's southern port city of Aden August 8, 2015. Soldiers from the United Arab Emirates, at the head of a Gulf Arab coalition fighting Iran-allied Houthi forces in Yemen, are preparing for a long, tough ground war from their base in the southern port of Aden. Picture taken August 8, 2015. REUTERS/Nasser Awad - GF20000082000

Intel: Why the Gulf states should fear a blue wave in November

How did Turkey end up with VIP plane it didn’t need?

A Qatar leader's VIP plane that had first been put up for sale ended up as a gift for Erdogan, causing a major stir in Turkey.

United Arab Emirates

U.S. President Donald Trump (L) waits for the start of an event with Saudi Arabia's King Salman bin Abdulaziz Al Saud (2-R) and Gulf Cooperation Council leaders at their summit in Riyadh, Saudi Arabia May 21, 2017. REUTERS/Jonathan Ernst - RC17B78F1020

Trump shelves Gulf talks until next year

The White House has once again postponed a Gulf Cooperation Council summit aimed at bringing together the fragmented alliance to counter Iran.