Middle East
News
March 25, 2026
Saudi Arabia is ramping crude exports from its Yanbu terminals on the Red Sea, targeting 5 MMbpd as it diverts flows away from the disrupted Strait of Hormuz using the East-West pipeline.
News
March 25, 2026
“You just can’t take 8-to-10 MMbpd off the market, and 20% of LNG supply, and not expect instability,” ConocoPhillips Chairman and CEO Ryan Lance said on Tuesday at CERAWeek by S&P Global, underscoring the scale of the current supply shock hitting global energy markets.
News
March 24, 2026
Disruptions through the Strait of Hormuz are driving a more persistent inflationary shock, with Brent crude forecast to average $88/bbl in Q2 and recession risks rising, according to EY-Parthenon.
News
March 24, 2026
Conflicting tracking signals around an Iraqi crude tanker highlight growing uncertainty in vessel movements near the Strait of Hormuz, as signal jamming and limited transits complicate visibility into global oil flows during ongoing regional conflict.
News
March 23, 2026
ADNOC CEO Sultan Al Jaber warned that disrupting the Strait of Hormuz amounts to “economic terrorism,” as attacks on energy infrastructure and shipping lanes threaten global oil and gas flows and drive market volatility.
News
March 23, 2026
Oil prices plunged after President Trump signaled potential talks with Iran, though disruptions in the Strait of Hormuz continue to constrain global supply, keeping markets volatile despite hopes for a near-term de-escalation.
News
March 23, 2026
Aramco’s CEO has pulled out of CERAWeek as the Middle East conflict intensifies, highlighting the growing strain on oil supply, export routes and global markets tied to disruptions in the Strait of Hormuz.
News
March 22, 2026
U.S. officials say military operations against Iran are targeting positions near the Strait of Hormuz, a key global oil chokepoint, as escalating conflict raises risks to crude flows and keeps energy markets on edge.
News
March 20, 2026
Iraq has declared force majeure on foreign-operated oilfields after Strait of Hormuz disruptions halted crude exports, Reuters reported, forcing sharp production cuts and tightening global supply amid escalating regional conflict.
News
March 20, 2026
Attacks on Qatar’s Ras Laffan hub have removed nearly 20% of global LNG supply, with Wood Mackenzie warning the disruption could last months—or longer—tightening markets, delaying new capacity and reshaping global gas flows.
News
March 19, 2026
An Iranian strike on Qatar’s Ras Laffan complex could remove 17% of the country’s LNG export capacity for up to five years, Reuters reported. The disruption would raise long-term supply risks for global gas markets and key buyers in Europe and Asia.
News
March 19, 2026
Shell confirmed damage to its Pearl gas-to-liquids (GTL) plant following an Iranian strike on Qatar’s Ras Laffan Industrial City, highlighting escalating risks to critical LNG and downstream infrastructure in the Middle East.
News
March 19, 2026
The UK and allied nations are urging Iran to halt attacks on energy infrastructure and restore shipping through the Strait of Hormuz, as disruptions threaten global oil and gas supply chains and intensify pressure on energy markets.
News
March 19, 2026
Oil and gas prices surged after strikes hit key Gulf energy infrastructure, including Qatar’s Ras Laffan LNG complex and refineries in Saudi Arabia, Kuwait and the UAE, raising concerns over prolonged supply disruptions and tighter global markets.
News
March 18, 2026
Iran and Israel have exchanged strikes on major energy infrastructure, including Qatar’s Ras Laffan LNG hub and Iran’s South Pars field, raising global oil and gas supply risks as Brent crude approaches $110 and Hormuz disruptions persist.
News
March 18, 2026
U.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge following the Iran conflict, with discussions expected to focus on supply, production and market stabilization efforts.
News
March 18, 2026
Saudi Aramco has restarted operations at its 550,000-bpd Ras Tanura refinery after a drone-related shutdown, restoring a key supply hub as Gulf energy infrastructure remains under pressure from ongoing regional conflict and shipping disruptions.
News
March 18, 2026
Iran has warned that oil and gas infrastructure across the Gulf could become targets following a strike on the South Pars gas field, raising concerns over regional supply disruptions and escalating risks to global energy markets.
News
March 17, 2026
Iran has intensified drone attacks on Saudi Arabia, targeting key oil-producing regions and raising concerns over potential disruptions to Gulf energy infrastructure, shipping routes and global oil supply amid escalating regional conflict.
News
March 16, 2026
A drone strike sparked a fire at the Shah natural gas field in the United Arab Emirates, a sour gas development operated by ADNOC and Occidental Petroleum, highlighting growing risks to Middle East energy infrastructure.
News
March 16, 2026
TotalEnergies says Middle East conflict has forced shutdowns of offshore production in Qatar, Iraq and the UAE, affecting roughly 15% of its global output.
