Middle East Archives - Page 4 of 38 -

Gulf economies head for worst crisis since pandemic as war roils energy lifeline: Reuters poll

April 27, 2026

(Investing) – BENGALURU – Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on spillovers from the U.S.-Israel war with Iran right on its doorstep. The war’s knock-on effects have ripped through the energy market – the Gulf economies’ lifeline – driving oil prices sharply higher and triggering a historic

US exporters are plugging a Qatar-sized LNG supply hole – for now: Maguire

April 24, 2026

(BOE Report) – U.S. LNG exporters have so far offset the drop in shipments from Qatar following Iranian attacks on its facilities and the closure of key Middle East shipping lanes, ensuring that total supplies remain at record highs despite the war. The on-again, off-again peace talks with Iran mean that the repair of damaged Qatari liquefied natural gas export

Washington eyes dollar lifeline for UAE amid Hormuz oil supply shock

April 23, 2026

(Oil Price) – Oil producers in the Middle East would typically rejoice at oil prices of $100 per barrel as they would see windfall revenues from their exports. But since the Iran war trapped most oil and gas shipments at the Strait of Hormuz, the Gulf economies have lost billions of dollars in oil revenues and haven’t seen any upside from

Brent crude futures jump on Trump’s threats over Strait of Hormuz

April 23, 2026

(Investing) – HOUSTON – Brent crude futures climbed more than $1 a barrel on Thursday following U.S. President Donald Trump’s threat to attack ships laying mines in the Strait of Hormuz, casting doubt on the survival of a ceasefire in the war with Iran. Brent crude futures were up $1.26, or 1.24%, to $103.17 a barrel at 9:19 a.m. CDT (1419 GMT)

Saudi Arabia February crude exports up, output highest since 2022, JODI says

April 21, 2026

(BOE Report) – Saudi Arabia’s crude oil exports rose to 7.276 million barrels per day in February, from 6.993 million bpd in January, while crude output hit its highest level since October 2022, Joint Organizations Data Initiative (JODI) data showed on Tuesday. Saudi production in February was about 10.882 million bpd, the JODI data showed, up from 10.100 million bpd

Oil prices edge lower with U.S.-Iran talks in focus ahead of ceasefire expiry

April 21, 2026

(Investing) – Oil prices fell on Tuesday as markets parsed mixed signals on fresh U.S.-Iran talks before the expiry of a temproary ceasefire later this week. Brent oil futures, the global benchmark, were last lower by 0.5% at $94.95 a barrel, while U.S. West Texas Intermediate crude futures for May had dropped 1.8% to $88.04 a barrel. Crude prices had risen

Iran’s GDP drain grows as maritime blockades tighten financial pressure points

April 20, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Iran’s economy is absorbing a fast‑widening financial shock as the combined impact of the Strait of Hormuz blockade and Red Sea disruptions sharply constrains oil exports, trade flows, and access to hard currency. Analysts tracking sanctions enforcement and maritime traffic estimate the immediate economic damage at roughly $435 million per day, with

Inflation jumps to 2.4% in March driven by Iran war oil shock, StatCan says

April 20, 2026

(BOE Report) – The annual rate of inflation accelerated to 2.4 per cent in March as the war in Iran sent fuel costs soaring, Statistics Canada said Monday. That’s a jump of more than half a percentage point from the headline inflation rate of 1.8 per cent in February, though economists had widely expected the March figures to come in

Iran may join peace talks after Pakistan works to end US blockade, Iran source says

April 20, 2026

(Investing) – DUBAI – Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran’s ports, a major hurdle for Iran to rejoin peace efforts. However, the official stressed that no decision had been made. With a two-week ceasefire set

Nomura: Full U.S. blockade could cut off another 2.3 million bpd oil supply

April 14, 2026

(Oil Price) – Oil supply from the Middle East could drop by another 2.3 million barrels per day (bpd) if the U.S. were to completely block the Strait of Hormuz, according to bank Nomura. “We estimate around 2.3mbpd loss of incremental oil supplies versus March 2026, and nearly 9.3mbpd loss versus March 2025 in the event the US were to

Iran showing signs of capitulating over Strait of Hormuz

April 14, 2026

(Oil Price) – Iran may halt its own oil shipments through the Strait of Hormuz for several days. Tehran is weighing a short-term pause to avoid testing the U.S. naval blockade just days before another round of ceasefire talks. The objective is to get through the next week without a maritime incident that derails negotiations before they start. Iran has

IEA chief says Iran war will redraw global energy map

April 14, 2026

(Investing) – The Iran conflict will fundamentally reshape global energy trade, International Energy Agency Executive Director Fatih Birol said Tuesday, as nations reassess their energy partnerships amid heightened tensions. Speaking at Semafor World Economy, Birol said the world will not return to previous energy arrangements after the Strait of Hormuz reopens, following a US blockade of Iranian ports this week. The

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