Many Lebanese are enraged by the entry of tankers carrying Iranian oil into the Bekaa Valley via Syria with an armed Hizbullah escort, saying the illegal move will spell 'disaster' for Lebanon.
French company TotalEnergies has signed a $27 billion contract to invest in four mega oil, gas and solar energy projects in southern Iraq.
Authorities blamed ISIS for at least 18 recent attacks on power distribution lines. The government is working around the clock to repair the damaged towers and lines and restore service.
Iraqis worry about the impact of Iran-backed militias' activities on the national oil sector, especially in light of the gains Iraq has achieved in the sector over the past several years.
While the Lebanese face power shortages during the summer months and wait in long lines at gas stations, Hizbullah is smuggling gasoline across the border to Syria.
Iran for years has disrupted regional oil production with attacks on tankers and facilities, while at the same time hurt its own industry by diverting much needed money to proxy forces.
The kingdom's main east-west artery, also called Highway 85, was vital to the success of the Gulf War and can be pressed into service again if necessary.
The port's location on the Gulf of Oman, at the terminal of a key pipeline, enables the UAE to bypass the Strait of Hormuz in transporting oil.
By boosting domestic production capacity and establishing new corridors with its Arab neighbours, Iraq will reduce its reliance on Iran for electricity.
The Houthis claimed they had fired drones and missiles at Ras Tanura, one of the world's biggest oil ports, and military targets in the eastern area of Dammam.