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United Arab Emirates

March 13, 2026

Abu Dhabi 12:04 am

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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

Saudi Arabia bails out Jordan

In light of Jordan's latest protests that toppled the prime minister, Saudi Arabia initiated a summit June 10 where a $2.5 billion five-year aid program was agreed on to help the Hashemite Kingdom regain a position of stability in the region.

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 - RC174C049830

US loses leverage to stop Yemen operation

Congress is calling on the Pentagon to try to prevent a UAE-backed attack against Yemen’s largest Houthi-held port, but analysts said it’s unclear whether the United States has much leverage.

A view of damage on a street where Houthis have recently clashed with forces loyal to slain Yemeni former president Ali Abdullah Saleh in Sanaa, Yemen December 6, 2017. REUTERS/Khaled Abdullah - RC1476393DB0

Congress seeks to insulate Oman from Yemen instability

As the 3-year-old proxy war between Saudi Arabia and Iran continues to destabilize Yemen, Congress seeks to shore up security in neighboring Oman.

Russian President Vladimir Putin (2nd R) and Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan (2nd L) of the United Arab Emirates attend a signing ceremony following the talks at the Kremlin in Moscow, Russia June 1, 2018. Pavel Golovkin/Pool via REUTERS - RC1E233474A0

UAE, Russia leaders affirm common ground in Moscow meeting

The crown prince of the United Arab Emirates visited Russia last week for the seventh time in five years, meeting with President Vladimir Putin to discuss many areas in which they agreed to collaborate.

United Arab Emirates

Firefighters try to extinguish a fire engulfing warehouse of the World Food Programme in Hodeida, Yemen March 31, 2018. REUTERS/Abduljabbar Zeyad - RC141A5A1C40

Concern mounts as coalition forces advance on key Yemeni port

Has the United States lifted its “red light” on an Emirati- and Saudi-backed military operation to take the key Yemeni port?

Kuwait's Emir Sabah Al-Ahmad Al-Jaber Al-Sabah (L) and U.S. President Donald Trump hold a news conference after their meetings at the White House in Washington, U.S. September 7, 2017. REUTERS/Jonathan Ernst - RC182A22B640

Kuwait's careful balancing act with Iran, Saudi Arabia

The muted responses to the US withdrawal from the Iran deal among smaller Gulf Cooperation Council member states reflect careful policies designed to balance ties with Iran and Saudi Arabia.

U.S. Secretary of State Mike Pompeo walks with Saudi's Foreign Minister Adel Al-Jubeir upon his arrival in Riyadh, Saudi Arabia April 28, 2018. Saudi Press Agency/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY - RC1F96F4FE60

America’s hawkish turn on Iran threatens Gulf alliance

Secretary of State Mike Pompeo’s new Iran policy announcement could have repercussions on US efforts to save the Gulf Cooperation Council.

An American made Patriot missile launcher of the Kuwait Air Force, used
to shoot down incoming ballistic missiles, is deployed in an undated
file photograph. A U.S. Patriot missile battery may have engaged a
British Royal Air Force aircraft near

the Kuwaiti border on Sunday, a Pentagon spokesman said. REUTERS/Kuwait
Ministry of Defence - RP3DRINEPZAA

Congress nudges Trump toward Gulf missile defense

Congress is trying to revive US-led talks for a GCC-wide missile shield against Iran that have stalled amid tensions with Qatar.

Birds fly on a foggy day near the Dome of the Rock, located in Jerusalem's Old City on the compound known to Muslims as Noble Sanctuary and to Jews as Temple Mount, Jerusalem, January 2, 2018. REUTERS/Ammar Awad - RC1FAC4E2C00

Will Israel accept UAE donations to East Jerusalem?

Former Fatah member Mohammed Dahlan appears to have caught Israel by surprise with an announcement of a $70 million donation from the UAE for the Palestinian residents of East Jerusalem.

United Arab Emirates

Russia rotates its Mideast diplomats

Key players involved in the Russian Foreign Ministry's Middle East policy are changing positions, and there will be a new ambassador to Syria; will this also involve policy change?

United Arab Emirates

U.S. President Donald Trump meets with Qatar's Emir Sheikh Tamim bin Hamad al-Thani in New York, U.S., September 19, 2017. REUTERS/Kevin Lamarque - RC1EC612CAF0

Qatar hires Trump-linked lobbyist ahead of emir’s visit

Doha is turning to well-connected Republican operatives amid an intra-Gulf spat.

Jordan, Turkey mending fences over trade agreement dispute

During a time of shifting alliances, Ankara views Jordan as an important potential ally — which no doubt has been a factor in Turkey's decision to renegotiate a free trade pact that Amman says favors Turkey.