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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.

Pak-Russia oil deal hits roadblock

The all-important oil deal between Pakistan and Russia has hit a roadblock, as the two nations are unlikely to finalise a long-term supply deal.