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United Arab Emirates

March 13, 2026

Abu Dhabi 1:06 pm

26°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

'Fake news' sparks real crisis in the Gulf

Controversial statements reported by Qatar's state news agency and later attributed to a hack have revealed deep tension among members of the Gulf Cooperation Council.

U.S. President Donald Trump (2nd L) and first lady Melania Trump (3rd L) stand with Israeli Prime Minister Benjamin Netanyahu (2nd R), his wife Sara (R) and Israel's President Reuven Rivlin (L) upon their arrival at Ben Gurion International Airport in Lod near Tel Aviv, Israel May 22, 2017. REUTERS/Amir Cohen - RTX36ZTW

Will Trump’s Middle East deal work?

Israeli Prime Minister Benjamin Netanyahu is all in favor of a regional alliance with pragmatic Sunni states, but he will do everything in his power to remove a deal with the Palestinians.

Saudis trumpet Trump

Saudi Arabia gives US President Donald Trump the fully rolled out red carpet treatment in hopes of getting heightened US action against Iran.

Russian Foreign Minister Sergei Lavrov (R) meets with Libyan Prime Minister Fayez Seraj in Moscow, Russia, March 2, 2017. REUTERS/Sergei Karpukhin - RTS115AB

Can Russia, West cooperate on Libya?

Moscow sees an opportunity to engage with Europe to help solve Libya’s crisis, and the US president seems ready and willing to stay out of it.

Libya's Prime Minister Fayez al-Sarraj addresses a joint news conference with European Union foreign policy chief Federica Mogherini (unseen) at the EU Commission headquarters in Brussels, Belgium February 2, 2017. REUTERS/Francois Lenoir - RTX2ZBL2

What, if anything, will come of meeting between Libyan rivals?

The head of Libya's UN-backed government in Tripoli, Fayez al-Sarraj, spoke recently with military strongman Khalifa Hifter in their first-ever meeting, aimed at ending violence and chaos in Libya.

United Arab Emirates

What's behind curious gold traffic between Turkey and UAE?

Gold of almost similar worth has been traded between Turkey and the United Arab Emirates in the first quarter of the year, raising suspicion that some dubious transactions may be underway.

United Arab Emirates

A Delta jetliner (foreground) is de-iced while an American Airlines plane (rear) takes off at Reagan National Airport in Washington January 3, 2014. A heavy snowstorm and dangerously cold conditions gripped the northeastern United States on Friday, delaying flights, paralyzing road travel and closing schools and government offices across the region. REUTERS/Gary Cameron (UNITED STATES - Tags: ENVIRONMENT TRANSPORT TRAVEL) - RTX1711Z

Gulf carriers delight as Congress rakes US airlines over the coals

Lawmakers fault lack of competition for plummeting US customer service; could this affect US airlines' campaign for fairer competition with Gulf carriers?

United Arab Emirates

A man walks on the rubble of houses at the site of a Saudi-led air strike in the Red Sea port city of Hodeidah, Yemen September 22, 2016. REUTERS/Abduljabbar Zeyad - RTSOWXB

Critics say operation to take port could spell more catastrophe for Yemen

As the Trump administration considers providing support for a UAE/Saudi operation to take a Yemeni port, some UN, former US officials warn it could tip Yemen into famine.

An Emirates plane is seen at Lisbon's airport, Portugal June 24, 2016. REUTERS/Rafael Marchante - RTSHVQ6

Congress looks to ground Emirates air route

Lawmakers want US President Donald Trump to cancel planned Europe-US route.

Secretary-General of the Gulf Cooperation Council (GCC) Abdullatif bin Rashid Al Zayani, Kuwait's Foreign Minister Sheikh Sabah al Khalid al Sabah, Qatar's Foreign Minister Khaled al-Attiyah, Oman's Foreign Minister Yusuf bin Alawi bin Abdullah, Saudi Arabia's Foreign Minister Adel al-Jubeir, Bahrain's Foreign Minister Khalid bin Ahmed Al Khalifa and UAE'S Foreign Minister Abdullah bin Zayed Al Nahyan (L-R) pose for a group photo during an extraordinary meeting in Riyadh January 9, 2016. REUTERS/Faisal Al N

Gulf countries take back seat on Syria route

It seems Saudi Arabia is more interested in Yemen than in Syria these days, which explains dwindling Gulf support for Syrian rebels.

A Palestinian man watches a joint press conference by U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, in a coffee shop in the West Bank city of Hebron February 15, 2017. REUTERS/Mussa Qawasma - RTSYU7C

Why Arab leaders cannot replace legitimate Palestinian ones

The Trump-Netanyahu love fest that was broadcast around the world doesn’t bode well for Palestinians or for any possible peaceful breakthrough.

Why GCC has been silent on Trump's 'Muslim ban'

Gulf states have failed to criticize the Trump administration for its recent "Muslim ban" in an attempt to keep the new US administration on their side in light of the economic and security challenge the Gulf region faces.