Gas prices surge, oil stabilizes as Israel-Iran conflict hits energy infrastructure

Israel hit several energy facilities in Iran over the weekend while Iranian missiles struck an oil refinery in Haifa.

Iran

Israel closes Leviathan gas field after strikes on Iran, cutting supply to Egypt

The shutdown comes after Israel launched a series of air strikes on Iranian military and nuclear sites as well as key nuclear scientists and officials.

Israel

Global shippers sound alarm over Strait of Hormuz amid Iran-US-Israel tensions

The critical waterway, which connects the Gulf, Gulf of Oman and the Arabian Sea, sees about a quarter of the world's oil shipments pass through it.

Iran

Cryptocurrency giant Binance opens trading access to Syria: What to know

Binance’s announcement comes after the United States and the European Union lifted most economic sanctions on Syria last month.

Syria

EU commission removes UAE, adds Lebanon and Algeria to money laundering list: What to know

The changes to the list are still pending approval from EU member states and the European Parliament, likely within the next month.

United Arab Emirates

UAE’s Al Habtoor Group to send business delegation to Syria: What to know

Al Habtoor Group's announcement comes after the United States and European Union lifted most economic sanctions on Syria last month.

Syria

Turkey: $30M credit card scam hits tourists in coastal resort, 20 arrested

The alleged ringleader, a hotel owner identified as "H.O.," stole the money by sharing credit card details of tourists checking into the property.

Turkey

Syria to rejoin SWIFT payment system ‘within a few weeks’: What to know

It marks a major milestone in Syria’s economic recovery from sanctions imposed in 2011 in response to human rights abuse allegations against the regime of long-time dictator Bashar al-Assad.

Syria

Analysis

Israel posts record $14.7B in defense deals as European demand soars: What to know

European customers are largely behind the jump in Israeli weapons sales, and one expert said concerns over Israel’s conduct in the war in Gaza appears to have had only a limited effect on Europe’s demand for Israeli weapons.

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Analysis

North Africa’s rail race spurred by World Cup, trade and bullet trains

Algeria, Egypt, Morocco and Tunisia are betting on high-speed rail, long-distance routes and expanded networks to improve their economic outlook and project power.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Morocco’s agricultural, fishing sectors plunge in 2024 amid drought, climate strain

Agriculture is a pillar of the Moroccan economy, and in 2023, it amounted to more than 11% of the country’s gross domestic product.

Morocco

Egypt launches 5G network as North Africa's digital push accelerates

North African states are moving to introduce high-speed internet and data-intensive applications to business and government sectors in the face of increasing demand.

Egypt