News and Interviews on Iraqi Oil
U.S. crude oil and energy product exports surged to an all-time high in the third week of June, making the country a net exporter of oil and products for the third time since November 2018. This change lends credence to American officials’ presumption that amid growing U.S.-Iran tensions in the Persian Gulf, Washington is less compelled to police oil transit routes in the region, especially the Strait of Hormuz, than…
A growing confrontation between the U.S. and Iran that began with the American withdrawal from the 2015 nuclear deal and the reimposition of sanctions has recently turned into a conflict over tankers between Iran and the UK. The impounding of an Iranian tanker by the British Royal Marines off the coast of Gibraltar on July 4 was followed by the boarding and seizure of a selectively chosen UK-flagged tanker by…
The Iraqi navy will have a daunting task of protecting Iraq’s export outlets in the Gulf and securing Iraq’s territorial waters and the tankers routes once the US military wraps up its mission and hands over security responsibilities to the Iraqi side by the end of December 2011. But that won’t be the end. Just as neighboring countries benefit from the presence and the might of the US navy in…