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United Arab Emirates

March 13, 2026

Abu Dhabi 11:06 am

27°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

Gulf-Qatar crisis leaves its mark on sports

Amid the ongoing diplomatic crisis between Qatar and a number of major Arab nations, the Qatari sports channel beIN has been banned in several countries.

Sudanese President Omar al-Bashir watches the joint Sudan and Saudi Arabia air force drill at the Marwa air base, near Meroe some 350 kilometres north of Khartoum, on April 9, 2017.
The drills were aimed at improving the operational capacities of the two air forces, improving techniques related to air operations and promoting cooperation. / AFP PHOTO / ASHRAF SHAZLY (Photo credit should read ASHRAF SHAZLY/AFP/Getty Images)

Qatar-GCC crisis unsettles Sudan

The government in Khartoum is caught in the middle of the bitter dispute between Qatar and the Gulf Cooperation Council.

The pictures of Qatarís Emir Sheikh Tamim Bin Hamad Al-Thani (L) and Turkish President Tayyip Erdogan are seen on a car during a demonstration in support of him in Doha, Qatar June 11, 2017. REUTERS/Naseem Zeitoon - RTS16KYO

Turkey's economic interests dictate balanced stance in Gulf crisis

Through analyzing Gulf investment into Turkey, it is obvious that taking sides in the GCC dispute could have a detrimental effect on Turkey's economy.

A man sits on the rubble of a house of his relatives, destroyed by a Saudi-led air strike in Sanaa, Yemen June 9, 2017. REUTERS/Khaled Abdullah - RTX39RM6

Gulf rift sends tremors through Yemen

The decision by Gulf countries involved in the Yemen war to sever ties with Qatar has created complexities on both sides of the Yemen conflict.

U.S President Donald Trump listens to Turkey's President Recep Tayyip Erdogan as they give statements to reporters in the Roosevelt Room of the White House in Washington, U.S. May 16, 2017. REUTERS/Kevin Lamarque - RTX363JL

Qatar crisis opens gates of anti-Trumpism in Turkey

Pro-government Turks who support Qatar have been hesitant to directly blame Saudi Arabia for the recent intra-GCC rift, preferring instead to scapegoat US intelligence services and President Donald Trump.

A Palestinian man and his son hold a Qatari flag during a rally in support of Qatar, inside Qatari-funded construction project 'Hamad City', in the southern Gaza Strip June 9, 2017. REUTERS/Ibraheem Abu Mustafa - RTX39TEW

Palestinians divided over GCC-Qatar crisis

The Palestinians are divided over the recent announcement by four Arab nations to cut ties with Qatar, as Hamas seems to be worried about its relationship with its main backer in the region.

Palestinians take part in a rally in support of Qatar, inside Qatari-funded construction project 'Hamad City', in the southern Gaza Strip, June 9, 2017. REUTERS/Ibraheem Abu Mustafa - RTX39TF1

Hamas could lose Qatar's support amid GCC strife

Palestinians are concerned that as a result of the Qatar crisis, the Gulf nation might be forced to reduce its financial commitments to Palestine, especially in the Gaza Strip.

Saudi Arabia's King Salman bin Abdulaziz Al Saud (L) shakes hands with Egypt's President Abdel Fattah al-Sisi in Riyadh in Riyadh, Saudi Arabia April 23, 2017. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RTS13JDG

Egypt’s role in the push to cut off Qatar

With three Gulf states revolting against Qatar's regional policies, Egypt has found the perfect opportunity to sever ties with Qatar after four years of political bickering.

Hamas leader Khaled Meshaal gestures as he announces a new policy document in Doha, Qatar, May 1, 2017. REUTERS/Naseem Zeitoon - RTS14OSP

Hamas could be next victim of Qatari-Gulf brawl

Qatar politely sent some Hamas leaders packing after several nations, including Saudi Arabia, cut diplomatic ties with Doha.

Russian Foreign Minister Sergei Lavrov and Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani enter a hall during their meeting in Moscow, Russia, April 15, 2017. REUTERS/Maxim Shemetov - RTS12E5Q

Russia’s reading on what’s at stake in Qatar crisis

Moscow has pricked up its ears as Qatar’s diplomacy problems grow more raucous.

A U.S. Air Force B-52 Stratofortress bomber arrives at Al Udeid Air Base, Qatar April 9, 2016. The U.S. Air Force deployed B-52 bombers to Qatar on Saturday to join the fight against Islamic State in Iraq and Syria, the first time they have been based in the Middle East since the end of the Gulf War in 1991. REUTERS/U.S. Air Force/Tech. Sgt. Terrica Y. Jones/Handout via Reuters THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. FOR ED

US urges dialogue to ease Qatar crisis

Diplomats hope mediation will cool diplomatic crisis between Qatar and its Gulf rivals.

Qatari Crown Prince Sheikh Tamim bin Hamad bin Khalifa al-Thani (R) and Turkish President Recep Tayyip Erdogan (2ndL), walk past a guard of honor during an official welcoming ceremony prior to their meeting at the presidential palace in Ankara, Turkey, on December 19, 2014. AFP PHOTO / ADEM ALTAN (Photo credit should read ADEM ALTAN/AFP/Getty Images)

Ankara's paranoia spikes as Qatar shunned

The news that five Arab countries have cut ties with Qatar, its close regional ally, has rattled Turkey, which depends on its political, military and business ties with Qatar.

United Arab Emirates