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United Arab Emirates

March 12, 2026

Abu Dhabi 10:17 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

U.S. President Donald Trump meets with the Emir of Kuwait Sheikh Sabah al-Ahmad al-Jaber al-Sabah at the White House in Washington, U.S., September 5, 2018. REUTERS/Kevin Lamarque - RC1CF8BD1230

Qatar crisis looms over Trump meeting with Kuwait emir

In a quiet visit overshadowed by domestic US political turmoil, Kuwait’s emir visited the White House on Wednesday.

A man sits in front of a house destroyed by air strikes in Sanaa, Yemen June 6, 2018. REUTERS/Khaled Abdullah - RC1182083EA0

UN war crimes report threatens US support for Yemen war

A UN report alleging that the anti-Houthi coalition may have carried out war crimes could further erode support for US bomb sales and military support.

Humanitarian aid is prepared to be delivered to Syria, in the town of Ramtha, Jordan, July 2, 2018. REUTERS/Muhammad Hamed TPX IMAGES OF THE DAY - RC12927A2020

US outsources Syria aid to Gulf

In an apparent win for the Donald Trump administration, Saudi Arabia and the United Arab Emirates have agreed to pick up the tab to stabilize Syria.

People walk past a house destroyed by an air strike in the old quarter of Sanaa, Yemen August 8, 2018. Picture taken August 8, 2018. REUTERS/Khaled Abdullah - RC1116261260

Trump, Democrats face off over Yemen war

President Donald Trump is spurning Congress’ bipartisan bid to exert more control over the war in Yemen despite signing key oversight provisions into law.

U.S. President Donald Trump signs the National Defense Authorization Act for Fiscal Year 2018 at the White House in Washington D.C., U.S. December 12, 2017. REUTERS/Carlos Barria - RC1DBA301210

US defense bill could impact arms exports to Middle East

This year’s US defense authorization bill calls for reforming America’s high-tech exports even as weapons sales to the region boom.

Yemen war escalates as Houthis threaten UAE, Saudi Arabia

Escalating threats by Yemen's Houthi rebels indicate the group is still not intimidated by the Saudi-led coalition, portending more suffering for Yemeni civilians.

People check damage at the site of an air strike in Amran, Yemen June 25, 2018. REUTERS/Khaled Abdullah - RC1520F24B70

UAE talks up diplomacy as Congress curtails US involvement in Yemen war

Emirati officials are taking to Capitol Hill to say they’re giving the UN-brokered peace in Yemen a shot, but their patience is running out.

A man walks towards the gate of the Red Sea port of Hodeidah, Yemen June 24, 2018. REUTERS/Abduljabbar Zeyad - RC1869894F80

Top Democrats urge Gulf to drop demand for Houthi surrender in Yemen

Some of the House’s most hawkish Democratic leaders rebuked Saudi Arabia and the United Arab Emirates over their offensive on the key port of Hodeidah.

Is the GCC dead?

The Gulf Cooperation Council is broken and may not be fixable.

Does latest Gulf aid to Jordan come with strings?

Analysts wonder whether a Gulf aid package to help Jordan deal with its current economic crisis is in fact an attempt to pressure the kingdom into accepting the Israeli-Palestinian peace plan being developed by the United States.

Workers inspect damage at the site of an air strike on the maintenance hub at the Hodeida port, Yemen May 27, 2018. REUTERS/Abduljabbar Zeyad - RC1CB0640040

Congress seeks to hamstring US support for assault on Yemen port

The Trump administration denies supporting the UAE’s offensive on Hodeidah, but lawmakers are skeptical.

Smoke rises from a warehouse of the World Food Programme as fire engulfs it in Hodeida, Yemen March 31, 2018. REUTERS/Abduljabbar Zeyad - RC1F6A979000

US gives 'yellow light' to UAE assault on Yemen port

A top United Arab Emirates official urged the international community to pressure the Houthi rebels to withdraw from the key Yemeni port city.