Iran plans Monday to sign a formal contract with Total SA and China National Petroleum Corp. to develop its share of the world’s biggest natural gas field -- the first investment in the country by an international energy company since sanctions were eased last year.
The Arab countries isolating Qatar do not seek to force out the country’s leadership but are willing to cut ties if it does not agree to their demands, a top United Arab Emirates official has said.
After Mohammed bin Salman’s appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.
Saudi Arabia’s King Salman has appointed his 31-year-old son Mohammed bin Salman as crown prince, removing the country’s counter-terrorism chief from the royal line of succession.
Boris Johnson has urged four Gulf and Arab countries to ease their blockade on Qatar over its alleged support for extremist groups and close ties to Iran.
Qatar has begun shipping cargo through Oman to bypass Gulf countries that have cut off sea routes to the tiny, energy-rich nation, the latest move by Doha to show it can survive a diplomatic dispute with its neighbours.
Saudi Arabia dwarfs Qatar on almost any measure, yet there are plenty of ways the tussle between the Gulf neighbors could end up hurting the world’s biggest oil exporter -- even if it wins.
Bahrain, Saudi Arabia and the United Arab Emirates have signalled they may allow some Qataris to stay in their countries amid a diplomatic rift with the Gulf nation.
European energy markets started to feel the impact of the escalating diplomatic row in the Middle East after natural gas prices soared when tankers full of Qatari fuel abruptly changed course.
Kuwait’s emir has travelled to Qatar and met the country’s leader as part of his efforts to mediate an end to a crisis that has seen Arab nations cut ties to the energy-rich country and attempt to isolate it.
An outspoken Emirati ruling family member has raised the prospect of Qatar’s leadership changing amid a growing diplomatic crisis between it and other Arab nations attempting to isolate the energy-rich travel hub from the rest of the world.
The choreographed statements by Saudi Arabia and three allies to quarantine Qatar at just after 6 a.m. on June 5 were not signed, but there was no mistake about who was behind them.
US president Donald Trump has told Saudi Arabia’s King Salman that a united Gulf Cooperation Council is “critical to defeating terrorism and promoting regional stability”.
Kuwait is trying to mediate a crisis in the Gulf after several Arab nations cut ties with Qatar, moving to isolate the energy-rich travel hub from the outside world.
Kuwait is trying to mediate a diplomatic crisis in which Arab countries have cut diplomatic ties to Qatar and moved to isolate the energy-rich, travel-hub nation from the outside world, Qatar’s foreign minister said.
Four Arab nations have cut diplomatic ties to Qatar, further deepening a rift between Gulf Arab nations over the country’s support for Islamist groups.
Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.
A conservative candidate has dropped out of Iran’s presidential election to back a hardliner, narrowing the field of those hoping to unseat moderate President Hassan Rouhani.