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United Arab Emirates

March 13, 2026

Abu Dhabi 1:45 am

23°C

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

FILE PHOTO: A combination photo shows U.S. Secretary of State Rex Tillerson (L) in Addis Ababa, Ethiopia, March 8, 2018, and Central Intelligence Agency (CIA) Director Mike Pompeo on Capitol Hill in Washington, DC, U.S., February 13, 2018 respectively. REUTERS/Jonathan Ernst (L) Aaron P. Bernstein (R) - RC1850892B00

Pompeo pick pleases Abu Dhabi

United Arab Emirates officials see a shift at the US State Department in their favor, but are unlikely to see all their hopes realized under Mike Pompeo.

WASHINGTON, DC - FEBRUARY 13: Central Intelligence Agency Director Mike Pompeo testifies before the Senate Intelligence Committee in the Hart Senate Office Building on Capitol Hill February 13, 2018 in Washington, DC. The intelligence chiefs were called to testify to the committee about 'world wide threats.' (Photo by Chip Somodevilla/Getty Images)

State Department shake-up leaves Qatar hanging

President Trump’s ouster of Secretary of State Rex Tillerson knocks out a leading champion for resolving the monthslong Qatar crisis in the Persian Gulf.

Anwar Mohammed Gargash, Minister of State for Foreign Affairs, speaks during a meeting of the Federal National Council in Abu Dhabi, January 22, 2013. REUTERS/Ben Job (UNITED ARAB EMIRATES - Tags: POLITICS) - GM1E91M1H1I01

Turkish-Arab ties marked by fear and loathing

A senior Turkish diplomat says Ankara misread the Middle East and ended up relying on Iran and its backer Russia, the two countries that Arab regimes fear the most.

United Arab Emirates

WASHINGTON, DC - JUNE 21: Special counsel Robert Mueller (C) leaves after a closed meeting with members of the Senate Judiciary Committee June 21, 2017 at the Capitol in Washington, DC. The committee meets with Mueller to discuss the firing of former FBI Director James Comey. (Photo by Alex Wong/Getty Images)

The dealmaker: Mueller witness helped broker $4.2 billion Iraq-Russia arms deal

Special Counsel Robert Mueller’s latest interest, Lebanese-American businessman George Nader, has a long history of mysterious dealings in the Middle East despite a low profile in Washington.

United Arab Emirates

Smoke rises after an airstrike on the military site in Sanaa, Yemen January 11, 2018. REUTERS/Mohamed al-Sayaghi - RC142F21CA80

US still pouring weapons into Yemen war

The United States sold Saudi Arabia and the United Arab Emirates more than $650 million in weapons last year for their war against the Houthis, according to a new report.

Mohammed Dahlan, a former Fatah security chief, gestures in his office in Abu Dhabi, United Arab Emirates October 18, 2016. Picture taken October 18, 2016. REUTERS/Stringer - S1AEUJEJBIAA

Dahlan encouraged to form Palestinian party outside Fatah

Despite his reluctance, dismissed Fatah leader Mohammed Dahlan is getting support from other countries to challenge Palestinian Authority President Mahmoud Abbas.

Russia's President Vladimir Putin (R) approaches to shake hands with Qatar's Emir Sheikh Tamim Bin Hamad Al-Thani during a meeting in Moscow, Russia, January 18, 2016. REUTERS/Yuri Kochetkov/Pool - GF20000098937

Russia, Qatar move forward on military cooperation

The Kremlin tightens its military relationship with Qatar, with Doha finalizing the purchase of S-400 air missile defense systems from Russia.

A Palestinian woman sits on a donkey car after receiving food supplies from the United Nations' offices in the southern Gaza Strip February 11, 2018. REUTERS/Ibraheem Abu Mustafa - RC11BF8E4BA0

Will the crisis in Gaza finally force Israel to lift its siege?

Qatar and the UAE have donated money to ease the ongoing humanitarian crisis in Gaza, but such assistance will likely only postpone an implosion in the absence of arriving at a solution to the enclave's isolation and lifting of the Israeli blockade.

United Arab Emirates

Will Iraq's Sunnis get own political-religious authority?

Some Sunni groups are seeking to establish a unified religious leadership, setting Sunnis up to play a stronger role in the upcoming elections.

Congress skeptical of Saudi nuclear energy demands

Lawmakers are making it clear that any proposal to share civilian nuclear technology with Saudi Arabia must include robust nonproliferation safeguards.

Anxious Turkish investors eyeing opportunities abroad

Mounting political tensions, uncertainties and declining rule of law in Turkey are pushing Turkish entrepreneurs to consider investing abroad.

United Arab Emirates

Egypt's President Abdel-Fattah el-Sisi attends the Dialogue of Emerging Market and Developing Countries in Xiamen in southeastern China’s Fujian Province, Sept. 5, 2017. REUTERS/Mark Schiefelbein/Pool - RC171B1A3CC0

What’s behind Sisi’s recent trip to Oman?

While Abdel Fattah al-Sisi is calling on Tehran and Riyadh to cool their tensions, Egypt is strengthening its ties to Oman, which has become a stable and trustworthy ally.