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United Arab Emirates

March 13, 2026

Abu Dhabi 2:50 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

Incoming Trump administration cabinet secretary nominees including Secretary of State nominee Rex Tillerson (L-R), Central Intelligence Agency (CIA) Director nominee Mike Pompeo and Defense Secretary nominee James Mattis arrive for meetings at the Eisenhower Executive Office Building at the White House in Washington, U.S. January 13, 2017. REUTERS/Jonathan Ernst - RTX2YUEZ

How will Trump’s anti-Muslim Brotherhood inner circle view Qatar?

While Qatar’s support for groups such as Hamas has caused tense ties with the United States in the past, Donald Trump’s presidency could create even more challenges for Qatar.

EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to film or take pictures in Tehran.†

Akbar Hashemi Rafsanjani, Chairman of the Assembly of Experts, delivers the opening speech during the biannual meeting of the assembly in Tehran September 22, 2009. REUTERS/Caren Firouz (IRAN POLITICS) - RTR284SA

Will Rafsanjani’s death draw Iran, Egypt farther apart?

As Egypt paid its condolences to the death of former Iranian President Ayatollah Ali Akbar Hashemi Rafsanjani, many observers do not expect Rafsanjani's death to affect the rapprochement attempts between both countries.

Arab film festivals not ready for 'revolution' on screen

The Cairo and Dubai film festivals have both rejected certain films that deal with Egypt's January 25 Revolution, prompting many to wonder just how large a role, if any, the Egyptian government played in the decisions.

United Arab Emirates

How will Britain-Gulf rapprochement affect Egypt?

Following British Prime Minister Theresa May's attendance at the Gulf Cooperation Council (GCC) summit, it seems cooperation between both sides could potentially worsen Egypt’s relations with the Gulf states.

Bahrain's Prime Minister Prince Khalifa Bin Salman al-Khalifa attends a meeting during the Asia Cooperation Dialogue (ACD) summit at the Foreign Ministry in Bangkok, Thailand, October 10, 2016. REUTERS/Athit Perawongmetha - RTSRK1T

Who in the GCC wants a union?

Gulf Cooperation Council states consider transforming into a union to arm themselves against Iran’s increasing dominance and the growing instability in the Middle East.

Tunisia's President Moncef Marzouki (R) and Qatar's Emir Sheikh Tamim bin Hamad al-Thani listen to their national anthems during a welcome ceremony in Tunis April 3, 2014. REUTERS/Zoubeir Souissi (TUNISIA - Tags: POLITICS ROYALS) - RTR3JUGT

Qatar steps up its involvement in Tunisia with investment conference

The Arab Spring’s nascent democracy is the latest theater where Gulf state rivalries are playing out.

United Arab Emirates

How modern art is helping bridge Arab-Iranian divide

A rare exhibition is bringing together Iranian and Arab modern art at the Tehran Museum of Contemporary Art, presenting a unique opportunity for cultural diplomacy.

United Arab Emirates

Turkish Foreign Minister Mevlut Cavusoglu attends a meeting with Foreign Ministers of Gulf Cooperation Council (GCC) in Riyadh, Saudi Arabia, October 13, 2016. REUTERS/Faisal Al Nasser TPX IMAGES OF THE DAY - RTSS3HN

Does a UAE-Turkish rapprochement worry Egypt?

The UAE has grown closer to Turkey in the past month on policies related to Iran and Syria.

A Houthi follower carries a mock missile as he shouts slogans during a demonstration against the United Nations in Sanaa, Yemen, July 5, 2015. Hundreds of supporters of the Iran-backed Houthi rebels took to the streets of the Yemeni capital on Sunday to protest against the United Nations and its alleged support of Yemen's exiled President Abd-Rabbu Mansour Hadi. REUTERS/Mohamed al-Sayaghi - RTX1J485

What recent Houthi moves in Red Sea mean for Israel

Houthi assaults against US and UAE vessels should indicate to Israel that control of Red Sea waters might be at stake.

Lebanese Hezbollah supporters carry a replica of Hezbollah emblem during a religious procession to mark Ashura in Beirut's southern suburbs, Lebanon October 12, 2016. REUTERS/Aziz Taher - RTSRWQ6

Tensions flare between Hezbollah, Gulf states

Analysts say Hezbollah has made a sharp pivot toward confrontation with Gulf states, in part as a result of its alliance with Iran.

Houthi followers watch as their leader Abdul-Malik al-Houthi delivers a speech during a rally commemorating the death of Imam Zaid bin Ali in Sanaa, Yemen October 26, 2016. REUTERS/Khaled Abdullah - RTX2QLC8

Is Yemen headed for partition?

An open-ended cease-fire is needed for Yemen, but a de facto partition of the country is more likely.

How Yemen’s war is now threatening international trade

The recent attacks on vessels in the Red Sea by Yemen's Houthis and the United States threaten international trade along this route.

United Arab Emirates