Iran has announced a new oil pipeline project that would allow it to bypass the Strait of Hormuz
Ironically, the U.S. policy of economic pressure on Iran may turn a global catastrophe into a moment of opportunity Tehran hopes to exploit.
The supply risk is far from over despite de-escalating Iran-U.S. tensions, but the price retreat reflects a world still awash in oil.
The killing of Qassem Soleimani is a seismic event in U.S.-Iran relations, and could have far-reaching consequences.
Iranian protests against steep gasoline price hikes shows the government is struggling to balance its budget as oil exports decline.
OPEC+ might have to extend its cuts when the group meets next month, but the pain in the U.S. shale industry may make its long-term task easier.
Slowing growth in both Persian Gulf economies and U.S. oil production gives OPEC+ plenty to think about when they discuss output cuts in early December.
A sustained campaign on tanker traffic could have significant consequences for the security of the energy shipping lanes.
The oil market’s vulnerability and dependence not just on a single country, but on a single facility, was laid bare on September 14.
Weaker demand has allowed traders to shrug off recent events in the Persian Gulf. But a belief that a return to the days of the tanker war is unlikely may be misplaced.