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…