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Overview
With around 40% of the world’s oil supply coming from the Persian Gulf, in addition to exploration and production (E&P), MEOG’s coverage includes policy and transport issues which can cause price spikes in the global hydrocarbon markets.
MEOG offers insight into the latest developments in the oil and gas sectors of Bahrain, Iraq, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, the UAE and Yemen. While much of the region has been extensively explored, there remain ‘frontier’ areas of E&P. Oil shale efforts in Jordan could provide vast resources through the greater cost effectiveness of new technologies. To the north-west, Beirut has grown increasingly impatient to follow the major gas discovery trend in the Eastern Med. and Lebanon’s first offshore bid round is likely to kick off drilling campaigns in the medium term.
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‘Nearly ten’ vessels hit by Iran in Strait of Hormuz, local media says
Iranian forces have struck “nearly ten” oil tankers and ships in the Strait of Hormuz since the outbreak of a US-Israeli war on Iran.
78 injured as submarine attacks Iranian naval vessel off Sri Lanka's coast
At least 78 Iranian sailors injured after submarine attack on naval vessel IRIS Dena off Sri Lanka's coast, with rescue operations under way near the city of Galle.
Algeria set to boost LNG exports amid regional tensions and rising demand
Algeria is preparing to increase its presence in the global liquefied natural gas (LNG) market by enhancing its spot sales, driven by expected demand spikes due to the ongoing war with Iran and potential supply chain disruptions
Iraq reportedly suspends piped oil shipments to Turkish Mediterranean export hub Ceyhan
Iraq has reportedly suspended all crude oil exports piped to the Turkish Mediterranean port of Ceyhan from its semi-autonomous Kurdistan region amid consequences of the conflict in the Middle East.
New Delhi says it is prepared to handle energy disruptions amid Middle East tensions
The Indian government has asserted that the country is fully prepared to manage any short-term energy disruptions arising from the outbreak of hostilities in the Middle East and the evolving global energy situation.
BOTAS sees no risk to Turkey’s gas supply security posed by Middle East conflict
Turkey’s state-owned oil and gas pipeline operator and energy trader BOTAS has said all necessary measures are in place to guarantee uninterrupted and secure supplies of natural gas across the country.
Why Gulf bypass routes offer only weeks of oil supply cover
The effective closure of the Strait of Hormuz has exposed a critical vulnerability in global energy security
Price-sensitive, import-reliant India grapples to shore up energy security amid Hormuz crisis
The disruption has already rippled into domestic markets.
How exposed is China to the Hormuz crisis?
A prolonged closure of the Strait of Hormuz would hit China’s energy security hard, threatening to sever roughly half of its crude imports and a significant share of its LNG supply.
Iraq halts production at giant Rumaila oilfield as Hormuz closure chokes exports
Iraq halted all production at the giant Rumaila oilfield, its largest, after the closure of the Strait of Hormuz sent storage levels to critical capacity and tankers refused to enter the Gulf amid the US-Israeli military campaign against Iran.
ING warns Turkey most exposed in CEE to energy price shocks linked to Middle East conflict
Turkey stands out as the most vulnerable economy in Central and Eastern Europe (CEE) to the fallout from rising energy prices linked to the Middle East conflict, according to an ING report.
Iran warns it will hit oil tankers at Strait of Hormuz
A senior Iranian military official warned that Iranian armed forces would target any oil tanker trying to sail through the Strait of Hormuz, as a US-Israeli war on Iran dramatically pushed up oil prices.
Hormuz crisis offers Moscow short-term gains, but long-term losses if regime falls
A prolonged closure of the Strait of Hormuz could deliver short-term fiscal relief to Moscow through higher oil and gas prices, but regime change in Tehran would risk stripping Russia of one of its most important strategic allies.
Egypt halts gas exports via Idku plant to secure domestic supply amid Israeli cutoff
The Egyptian government decided to temporarily suspend gas exports through the Idku terminal to ensure the security of the domestic market following disruptions to gas supplies from Israel
Pakistan considers buying LNG from Azerbaijan’s SOCAR as contingency plan
Pakistan is bracing for possible disruption to its gas supply as cargo deliveries from Qatar could disruption after the Gulf country stopped producing LNG in the wake of missile attacks from Iran.
Chevron discusses linking Aphrodite gas field to Egyptian infrastructure
The Egyptian Ministry of Petroleum and Mineral Resources held discussions with the US energy major Chevron regarding the continuation of coordination for the project linking the Aphrodite Gas Field in Cyprus to Egyptian infrastructure
Hormuz crisis puts one-fifth of global LNG supply at risk
Escalating US-Iran tensions have halted LNG production in Qatar and threatened shipping through the Strait of Hormuz, exposing Europe, Asia and emerging importers to sharp price spikes and renewed energy security risks.
Iran claims it sank another vessel in Strait of Hormuz after striking three US and British tankers
Iran claims it sank a fourth vessel in the Strait of Hormuz after striking three US and British oil tankers, threatening global oil flows through the world's most critical chokepoint.
Middle Eastern gas assets close as Iranian response widens
Qatar halted LNG production on March 2 following Iranian drone strikes on critical infrastructure, triggering a severe shock across global energy markets
Iran takes measures to ensure fuel supply amid shortage concerns during wartime
The Iranian government has taken “necessary measures” to ensure fuel supply at pumps, a union leader said, as motorists rushed to petrol stations following US and Israeli attacks.
Syria reduces power supply hours due to decline in gas flows via Jordan
Syria’s Ministry of Energy has attributed the current reduction in electricity supply hours to a decline in natural gas volumes delivered via Jordan, which are used to operate power generation plants
Egypt to import 20 additional LNG shipments to counter gas supply crisis
The Egyptian Ministry of Petroleum and Mineral Resources plans to increase its liquefied natural gas (LNG) imports by around 20 new shipments starting in March 2026
Egypt moves to fast-track LNG shipments amid gas cut-offs
The Egyptian government is seeking to accelerate the delivery of Liquefied Natural Gas (LNG) shipments previously contracted under major deals signed in 2025.
India belatedly urges early cessation to hostilities in Middle East
Indian Prime Minister Narendra Modi posted two separate messages on X responding to the now two day long campaign of hostilities against Iran by the forces of Israel and the US.
Middle East conflict raises stakes for Nigeria’s oil-driven economy
The escalating military conflict between the United States, Israel and Iran has unsettled global energy markets, driving up crude prices and placing African oil-dependent economies such as Nigeria in a delicate position.
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