Gulf insecurity fuels US energy dominance

Author: Sultan BarakatPublished on: September 3, 2026Country: United States

PoliticsBusiness & Economy

Gulf insecurity fuels US energy dominance

US President Donald Trump celebrated a historic 100-year deal on 17 oil fields in Venezuela, securing 65 billion barrels of oil. Meanwhile, QatarEnergy informed Edison that force majeure on its liquefied natural gas deliveries would continue until November, leading to the cancellation of 29 cargoes. LNG exports from Qatar and oil exports from other Gulf countries have dropped, allowing US energy companies to rake in record-high profits.

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