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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.

EAM S. Jaishankar defends India’s crude oil imports from Russia

During his assessment of global oil prices, Jaishankar said that oil and gas prices are unreasonably high throughout the world. According to him, Europe was buying more oil from the Middle East countries which were Asia's traditional suppliers, however, now it was diverted to Europe.