Tag

Oil And Energy

All articles tagged with #oil and energy

world11 days ago•132 min saved

New round of Middle East escalation as US strikes Iran and Tehran retaliates

Amid renewed clashes in the Gulf, U.S. forces struck Iranian targets, while Iran reported attacks on civilian sites in Hormozgan province—including on Qeshm Island and near Bandar Abbas—and an incident at Jiroft Airport. The Strait of Hormuz remains a flashpoint as oil prices rise, with officials framing the actions as targeted rather than a full-scale war, and signaling willingness to resume ceasefire talks if commitments are honored.

via AP News|

#iran #oil-and-energy #strait-of-hormuz

world13 days ago•4 min saved

Economic D-Day for Iran Could Backfire on Washington

The piece argues that Trump’s new broad sanctions strategy, dubbed Operation Economic Outcast, aims to choke Iran from the global economy, but Tehran signals it will endure and could retaliate by pressuring regional oil routes and influencing partners. Washington faces a crucial test: reconciling the need for international buy-in (notably from China, which is resisting sanctions) with the risk of broader economic blowback, including higher energy prices. Without a durable, widely supported strategy, the plan risks prolonging the conflict and empowering an adversary that can withstand economic pressure.

via The Guardian|

#geopolitics #iran #oil-and-energy

world17 days ago•2 min saved

Six months into the Iran conflict, Americans feel rising costs and growing unease

Six months of Iran's conflict has shifted from targeted strikes to broader disruption of shipping through the Strait of Hormuz, driving up fertilizer, food, fuel (including jet fuel) and airline costs in the U.S. and contributing to a decline in consumer confidence and economic optimism.

via USA Today|

#consumer-sentiment #inflation-prices #iran-war

world2 months ago•5 min saved

No Easy Options for the U.S. After Iran Deal Collapse

CFR expert Max Boot argues that Trump’s Iran deal has collapsed and there is no viable military path to overthrow Iran. The U.S. has bombed and reimposed a blockade, but Iran now leverages control of the Strait of Hormuz to extract tolls and pressure global shipping, leaving Washington with a difficult choice between tolerating fees or risking greater escalation as domestic support for the war remains low.

via Council on Foreign Relations|

#diplomacy-and-international-institutions #iran-war #oil-and-energy

world2 months ago•2 min saved

Russia weighs foreign gasoline imports as Ukraine strikes strain fuel supply

Russia says it is discussing importing gasoline from abroad as Ukrainian drone strikes disrupt refineries and energy infrastructure, with President Putin acknowledging a fuel shortage. Reserves have fallen to about 1.7 million metric tons (roughly 4% below a year ago). Talks are underway with unnamed countries, and subsidies to finance imports are being prepared; fuel rationing has begun in several regions, including occupied Crimea, underscoring a broader effort to stabilize the domestic market.

via politico.eu|

#fuel-shortage #gasoline-imports #oil-and-energy

world4 months ago•4 min saved

Saudi Rebuff Halts Trump's Plan for Naval Oil Escort in Gulf

Saudi Arabia refused to allow the U.S. to use its bases or airspace for Project Freedom, prompting Trump to suspend the plan. Riyadh’s veto highlights Gulf caution toward escalating conflict with Iran and comes as the UAE grows frustrated with Riyadh while seeking closer ties with Israel. The halt raises the risk of resuming hostilities near the Strait of Hormuz, jeopardizes a fragile ceasefire, and could trigger Iranian retaliation against shipping and Gulf energy infrastructure, amid shifting regional alignments.

via The Guardian|

#iran #middle-east #oil-and-energy

world6 months ago•33 min saved

Iran’s War as a Wildcard in Russia’s Ukraine Battlefield

The Bulwark weighs how the Iran crisis could shape Russia and Ukraine: Moscow may benefit from higher energy prices and fewer weapons headed to Kyiv if Tehran’s regime weakens, but Tehran’s fall could also undermine Russia’s regional leverage. Iran’s drone and missile exports have declined as Russia shifts to domestic Shahed production, while analysts caution that Iran’s instability could force Moscow to recalibrate its Middle East strategy. The situation could distract Washington from Ukraine or, conversely, backfire on Russia if the conflict drags on, making the outcome highly uncertain.

via The Bulwark|

#geopolitics #iran #oil-and-energy

oil-and-energy3 years ago•3 min saved

Goldman Sachs lowers oil price forecast amidst market fluctuations.

Goldman Sachs has cut its oil price forecast by almost 10% due to concerns over the spread of the Delta variant and its impact on the energy market. The bank now predicts Brent crude will average $75 a barrel in the fourth quarter, down from its previous forecast of $80.

via CNN|

#10percent #cut #energy-market