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OIL

Sanctions Waiver

When the United States Treasury Department authorises the sale of oil from Iran while simultaneously prosecuting a conflict against it, policy ceases to be doctrine and becomes improvisation.

EVs offset oil use equal to 70% of Iran’s 2025 exports: Report

The global electric vehicle (EV) fleet avoided the consumption of 1.7 million barrels per day of oil in 2025 — nearly matching the 2.4 million barrels per day exported by Iran through the Strait of Hormuz — according to new analysis by global energy think tank Ember.

Oil to AI

In the twentieth century, the Gulf’s strategic relevance was distilled into a simple equation: oil in exchange for global influence and security guarantees.

Oil and gas prices rise as BP stops Red Sea shipments

Oil and natural gas prices rose sharply on Monday after BP said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants in Yemen, a media report said.