MEOG - Middle East Oil & Gas
What has Iran hit so far?
A quick overview of what we know Iran has actually hit in this war — and the strategy that appears to be emerging.
Hormuz crisis raises wider risks for Turkey far beyond oil prices, says policy brief
As well as an energy bill nightmare, country faces triple whammy in industrial production, agriculture and logistics.
US-Iran war knocks out 15% of TotalEnergies' global output
France’s TotalEnergies said disruptions linked to the escalating conflict in the Middle East have forced the shutdown or suspension of around 15% of its global oil and gas production.
Iraq's oil exports drop 70% amid Hormuz Strait closure
Iraq’s oil exports have dropped sharply as escalating regional tensions and the ongoing US-Iran conflict continue to disrupt energy flows across the Middle East
Iraq in talks with Iran to allow oil tankers through Hormuz Strait
Iraq's oil minister, Hayyan Abdul-Ghani, announced that the government is in talks with Iran to allow some oil tankers to pass through the Strait of Hormuz
Eni announces two gas discoveries in offshore Libya
Italian energy major Eni announced two new gas discoveries south of its producing Bahr Essalam field in offshore western Libya, while also progressing with the country’s first deepwater exploration well alongside its partner BP.
EU sanctions two Chinese and one Iranian firm over cyberattack allegations
The EU freezes assets of two Chinese and one Iranian company over cyberattack accusations, adding to Western pressure on state-linked cyber operations from Beijing and Tehran.
IEA releases details of historic oil reserves release member shares
The International Energy Agency released details of the contribution by members to the “largest release of oil reserves in history” that it announced on March 11 to calm the oil market and bring down prices.
Drone strike hits Fujairah oil hub in UAE
A drone struck the Fujairah oil industries area, local authorities confirmed, forcing the suspension of oil loading operations.
Israel's gas sector crippled by ongoing war
Israel's natural gas sector has been severely disrupted by the ongoing war with Iran and Hezbollah in Lebanon, with both the Leviathan and Karish offshore rigs remaining out of operation for more than two weeks.
Tehran denies role in strikes on Saudi Arabian energy assets
Iran has formally distanced itself from a recent spate of attacks on Saudi Arabia’s critical oil infrastructure
Iranian drone strike on Oman’s Salalah port compounds regional energy crisis
Iranian unmanned aerial vehicles struck the Port of Salalah in southern Oman today, igniting multiple fuel storage tanks and partially suspending operations at the sultanate’s largest oil terminal
Iraqi Kurdistan refuses to resume oil exports via Turkey’s Ceyhan port
Iraq’s Ministry of Oil announced that the Ministry of Natural Resources in the Kurdistan region is refusing to restart oil exports at the present time, despite Baghdad’s readiness to resume shipments
Drone attack halts operations at Lanaz oil refinery in Iraq's Erbil
Operations at the Lanaz oil refinery in Erbil, in Iraq’s Kurdistan region, have been suspended after a drone attack sparked a fire at the facility
Trump claims US destroyed military sites on Iran’s Kharg Island
US President Donald Trump said the United States had launched attacks on “military targets” on Kharg Island, Iran’s main oil export hub.
Shell declares force majeure on cargoes traded from QatarEnergy
Shell is the latest company to declare force majeure on LNG cargoes bought from QatarEnergy and sold to buyers.
Totsa commands record Oman crude premiums as Middle East output shuts down
Totsa finalised the sale of April-loading Oman crude to ExxonMobil at a multi-year high premium
Egypt’s EGAS plans new gas bid round and 17 exploration wells in FY 2026/27
Egyptian Natural Gas Holding Company will launch a new international bid round for gas exploration in 2026 in several blocks in the western Mediterranean, while preparing to drill 17 exploratory wells during FY 2026/27
Egypt's South Valley Petroleum plans to drill five exploration wells worth $33mn
Egypt’s South Valley Egyptian Petroleum Holding Company (Ganope) plans to drill five exploration wells at an estimated cost of $33mn
Pattern of tanker missile strikes spread beyond chokepoints as maritime threat reaches ‘critical’ level
Attacks on commercial vessels across the Persian Gulf and surrounding waters are intensifying and spreading beyond the traditional shipping lane chokepoint in the Straits of Hormuz, maritime security officials warned.
IEA calls Middle East oil shock "the largest supply disruption in the history of the global oil market"
The war in the Middle East is triggering what the International Energy Agency called "the largest supply disruption in the history of the global oil market” in its latest monthly oil report.
Arab states lose $15bn in energy revenues as Hormuz shutdown continues, FT reports
Gulf oil producers have lost an estimated $15.1bn in energy revenues since the war with Iran began, with $10.7bn in crude and LNG cargoes stranded inside the Strait of Hormuz.
New Iranian leader wants Strait of Hormuz to remain shut as Indian tankers begin to pass
Iran’s new leader, Ayatollah Mojtaba Khamenei, in his first public message, on March 12 urged the Armed Forces to keep the Strait of Hormuz closed as a leverage tool, as over 200 vessels reportedly remained stranded on either side of the waterway.
Iran’s oil sales soar past pre-war levels
Iran’s oil exports have bounced back to surpass pre-war levels, data from analytics firm Kpler show, as regional producers have scaled back production due to difficulties exporting the commodity through the Strait of Hormuz in the Persian Gulf.
Iran's IRGC navy commander vows to maintain Strait of Hormuz closure strategy
IRGC navy chief Tangsiri vows to keep the Strait of Hormuz closed and deliver "harshest blows" to the enemy, after Supreme Leader Khamenei signals Iran is studying new fronts in the conflict.
Iraq explores alternative oil export routes after Hormuz closure halts southern shipments
Iraq's oil minister says the country is close to signing a deal to export crude via Turkey's Ceyhan pipeline after the Hormuz closure cut off 3.35mn bpd in southern exports.
Iran agrees to provide safe passage to Bangladeshi oil and LNG vessels
Iran has officially agreed to grant safe passage to Bangladeshi oil and LNG ships passing through the Strait of Hormuz.
India negotiates with Iran for safe passage of fuel carriers
According to a March 12 2026 press briefing by India's Ministry of External Affairs, minister in charge, Dr. S. Jaishankar, has held three separate conversations with Iran’s Foreign Minister Seyed Abbas Araghchi.
Sri Lanka defends decision to hike fuel prices
Sri Lanka’s government has defended its decision to sharply raise domestic fuel prices, saying the move was necessary to discourage excessive consumption and prevent a potential supply shortage.
TotalEnergies resumes oil production at Al-Mabrook field in Libya after a decade-long halt
French energy major TotalEnergies has announced the resumption of oil production at the Al-Mabrook field in Libya
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