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United Arab Emirates

March 13, 2026

Abu Dhabi 10:21 pm

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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

U.S. President Barack Obama (L) shakes hands with Saudi Arabia's King Salman at the start of a bilateral meeting at Erga Palace in Riyadh January 27, 2015. Obama sought to cement ties with Saudi Arabia as he came to pay his respects on Tuesday after the death of King Abdullah, a trip that underscores the importance of a U.S.-Saudi alliance that extends beyond oil interests to regional security. REUTERS/Jim Bourg (SAUDI ARABIA - Tags: POLITICS TPX IMAGES OF THE DAY) - RTR4N5LG

What will US-Saudi summit mean for Iranian policy in the Middle East?

In a meeting Sept. 4 with US President Barack Obama, Saudi King Salman bin Abdul-Aziz Al Saud was assured that the nuclear deal prevents Iran — whose influence in the region the kingdom is eager to counter — from acquiring a nuclear weapon.

Will King Salman’s visit to Washington reset US-Saudi relations?

The joint statement released following King Salman's meeting at the White House with President Barack Obama Sept. 4 indicates that they discussed the region's most pressing issues including the Iran nuclear deal, the Syrian civil war, the fight against the Islamic State and the war in Yemen.

U.S. President Barack Obama meets with Saudi Arabia's King Salman (R) at Erga Palace in Riyadh, January 27, 2015. Obama is stopping in Saudi Arabia on his way back to Washington from India to pay his condolences over the death of King Abdullah and to hold bilateral meetings with King Salman. REUTERS/Jim Bourg (SAUDI ARABIA - Tags: POLITICS ROYALS) - RTR4N551

What Obama should say to King Salman during his visit

The inaugural visit of Saudi Arabia's King Salman bin Abdul-Aziz Al Saud to Washington offers US President Barack Obama a unique opportunity to address the long-standing tensions and rivalry between Iran, Iraq and the GCC states.

Iranian ambassador to the UAE: Iran wants to remove tensions with neighbors

Mohammad Reza Fayyaz, the Iranian ambassador to the UAE, blames Saudi Arabia for many of the problems in the region.

A part of a window frame is seen in front of government compound, destroyed by recent Saudi-led air strikes, in Yemen's northwestern city of Amran July 27, 2015. Yemen's Houthi group carried on fighting across Yemen on Monday despite a ceasefire announcement by its Saudi-led foes, and media controlled by the Iran-allied movement acknowledged that its forces had shelled targets inside Saudi Arabia. REUTERS/Khaled Abdullah - RTX1LZDB

Yemen war escalates

The Yemeni people are paying a frightful toll as Saudi Arabia and its allies escalate the war in the country.

Lobbying 2015: UAE asserts itself with record-smashing lobby blitz

The United Arab Emirates spent a record $12.7 million last year to face down criticism from Islamists and US airlines.

United Arab Emirates

Shi'ite fighters from Hashid Shaabi forces walk with their weapons at the front line at the Shi'ite Turkman village of Bashir, 20km south of Kirkuk, March 14, 2015. Kurdish peshmerga forces, backed by Shi'ite militia fighters, have been attacking Islamic State-held towns and villages south and west of the oil-rich city of Kirkuk, peshmerga sources said. REUTERS/Ako Rasheed (IRAQ - Tags: CIVIL UNREST CONFLICT POLITICS MILITARY) - RTR4TCDN

Leaked cables show Gulf leery of Shiite expansion

The Gulf states are concerned about the growing influence of Shiites in neighboring countries, expressing their fears of the relations established between the Shiites of Iran and Iraq and their own Shiite communities.

A helicopter from the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) hovers over an Iranian patrol ship during a transit through the Strait of Hormuz, February 14, 2012. REUTERS/Jumana El Heloueh (GULF - Tags: POLITICS MILITARY) - RTR2XU5R

How security in Strait of Hormuz brings US, Iran closer

Gulf and international security are closely linked to the security of the Strait of Hormuz, which is currently facing many challenges that require a joint action between all affected countries.

Police officers walk during the Arabian Travel Market exhibition in Dubai May 6, 2013. REUTERS/Ahmed Jadallah (UNITED ARAB EMIRATES - Tags: CRIME LAW TRAVEL BUSINESS) - RTXZCAO

How security forces keep critics quiet in 'progressive' UAE

The enigmatic UAE security forces have perfected the art of silencing critics and created an environment in which nearly everyone is afraid to say anything remotely resembling criticism of the government.

United Arab Emirates

Committee Chairman Representative Jeb Hensarling (R-TX) (L) presides over a House Financial Services Committee hearing on the Export-Import Bank's reauthorization, on Capitol Hill in Washington June 3, 2015. REUTERS/Jonathan Ernst - RTR4YP2O

Gulf countries rake in billions in Ex-Im Bank subsidies

Several Middle East nations are taking full advantage of a US export financing program whose loans and guarantees supporters say create American jobs and critics claim undermine the US economy. Scroll down to see our interactive table.

Sheikh Nahyan Bin Mubarak Al Nahyan, UAE Minister of Higher Education and Scientific Research, arrives during the opening of the Abu Dhabi Film Festival October 11, 2012. REUTERS/Ahmed Jadallah (UNITED ARAB EMIRATES - Tags: ENTERTAINMENT EDUCATION POLITICS) - RTR39114

What happened to the Abu Dhabi Film Festival?

The Abu Dhabi Film Festival has been unexpectedly canceled, begging questions about the reasons behind the decision and its impact on the film industry in the region.

United Arab Emirates

Helicopters fly from the aircraft carrier USS Theodore Roosevelt (CVN 71) during a resupply mission with the aircraft carrier USS Carl Vinson (CVN 70) in this U.S. Navy handout picture taken in the Gulf of Oman April 13, 2015 and released April 20, 2015. The U.S. Navy sent the carrier USS Theodore Roosevelt and its escort cruiser, USS Normandy, from the Gulf into the Arabian Sea on Sunday. Army Colonel Steve Warren, a Pentagon spokesman, denied reports the ships were on a mission to intercept Iranian arms

GCC won’t get written defense guarantees at Camp David

Former Pentagon official says formal defense treaty with GCC is “not in the cards” at next week’s summit.