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United Arab Emirates

March 13, 2026

Abu Dhabi 8:18 pm

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

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan (R) is welcomed by Turkey's Prime Minister Recep Tayyip Erdogan as he arrives for a meeting in Ankara February 28, 2012. REUTERS/Umit Bektas (TURKEY - Tags: POLITICS ENVIRONMENT) - RTR2YKVT

How Turkey is losing a top trade partner

Turkey is experiencing a serious but underreported crisis with its biggest export market in the Gulf.

Iran's military bulks up with new Russian tanks

Tehran plans to purchase T-90 tanks from Russia, but is it enough to strengthen the Iranian military?

Are Turkey, Saudi Arabia pressuring Jordan on terror blacklist?

Jordan has been tasked with overseeing which groups fighting in Syria are designated as terrorist organizations, but its mission is complicated by alliances in the region.

Qatar's Emir Sheikh Tamim bin Hamad al-Thani waits for U.S. Secretary of State John Kerry before their meeting at the Diwan Palace in Doha, August 3, 2015. Kerry is meeting his Gulf Arab counterparts for talks in Qatar as he attempts to ease the concerns of key allies over the Iran nuclear deal. REUTERS/Brendan Smialowski/Pool - RTX1MTEV

Is Qatar Iran's door to the Gulf?

The recent Iranian-Qatari rapprochement has created further controversy in the Middle East but some countries see it as a positive step in alleviating the ongoing conflict.

Women stand next a graffiti painted by pro-Houthi activists on the gate of the Saudi embassy in Yemen's capital Sanaa October 21, 2015. The writing reads, "We will kneel only to Allah". REUTERS/Khaled Abdullah - RTS5FPV

How to end the war in Yemen

All involved in the war in Yemen, which has created a horrific humanitarian disaster, have paid a high price. A political solution is needed immediately.

Iranian Foreign Minister Ali Akbar Salehi (L) meets with UAE Foreign Affairs Minister Sheikh Abdullah Bin Zayed Al Nahyan (R) and brother Sheikh Mansour bin Zayed Al Nahyan in Abu Dhabi in this handout picture released by Emirates News Agency WAM July 9, 2012. REUTERS/WAM/Handout (UNITED ARAB EMIRATES - Tags: POLITICS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO

Arrest of Iranian teachers tests Iran-UAE relations

The arrest of Iranian teachers working in the UAE has prompted some Iranian officials to call for firmer measures against the UAE.

United Arab Emirates

Jordan's King Abdullah (2nd R) walks to welcome Saudi Arabia's Deputy Crown Prince Mohammed bin Salman upon his arrival at the Royal Palace in Amman, Jordan, August 4, 2015. REUTERS/Muhammad Hamed - RTX1N1AN

Jordanian palace silent on Russian intervention in Syria

Some commentators argue that Jordan's lack of comment on Russia's involvement in Syria is related to the kingdom's acceptance of Moscow's position that Syrian president Bashar al-Assad be part of a postwar transitional phase.

Former U.S ambassador Thomas Pickering speaks at the International Economic Alliance Global Investment Symposium in New York September 24, 2008. REUTERS/Jacob Silberberg (UNITED STATES) - RTX8VYI

Gulf-funded think tank to make Capitol Hill debut

The Arab Gulf States Institute in Washington promises a broader view of Gulf affairs.

Syria's president Bashar al-Assad speaks during his meeting with the heads and members of public organizations and professional associations in Damascus, Syria, in this handout released by Syria's national news agency SANA on July 26, 2015. Syrian President Bashar al-Assad said on Sunday the army had been forced to give up areas in order to hold onto more important ones in its fight with insurgents, and the scale of the war meant the military faced a manpower shortage. REUTERS/SANA/Handout via Reuters

ATT

Congress rethinks anti-Assad stance

Senate Democrats are beginning to question regime-change goals amid Islamic State gains.

United Arab Emirates

Syrian migrants walk towards the Greece border on a road near Edirne, Turkey, September 15, 2015. REUTERS/Osman Orsal - RTS165C

Why the Gulf isn't to blame for Syrian refugee crisis

Oil-rich Gulf states are defending their record in assisting Syrian refugees as world opinion grows more hostile to their perceived indifference.

Double victory for Palestine in FIFA qualifying match

The qualifying soccer match between Palestine and the United Arab Emirates ended in a draw; both sides considered it a victory for Palestine for being able to host a home game on Palestinian territory.

Yemen's African connection

Amid the withholding of the details of the Emirati death toll in Yemen, African soldiers are set to step up their role in Operation Restoring Hope.