Turkey’s energy minister has emphasized the need to launch the second phase of the “Southern Gas Corridor” pipeline to double Azerbaijan’s gas exports to Europe. The pipeline, which became operational about seven years ago, currently transports 16 billion cubic meters (bcm) of Azerbaijani gas annually to Turkey and Europe. However, with only a few billion […]
Renewed focus on Caspian energy transit amid the Iran war Read More »
Since the United States and Israel launched their campaign against the Islamic Republic, Iran has delivered a severe shock to global aviation, particularly in the Middle East. Normal conditions will not soon return. The current crisis goes beyond flight cancellations or air transport costs. By disrupting the Strait of Hormuz—one of the main transit routes
The Iran War’s Damage to Global Aviation Read More »
The United States moved to impose a naval blockade on Iran just as the country’s oil exports were surging to their highest levels in years, underscoring Washington’s effort to halt a wartime boom in Tehran’s energy revenues. The move followed the collapse of negotiations in Pakistan and comes amid a war that has disrupted much
US blockade targets Iran oil boom amid regional disruption Read More »
Iran’s National Petrochemical Company has announced a blanket ban on the export of “all petrochemical products” until further notice. The stated aim of the decision is to “stabilize the domestic market and prevent shortages of feedstock and raw materials.” During the recent 39-day war, Israel carried out extensive strikes on Iran’s petrochemical facilities, particularly in
Israel’s recent strikes on Iran’s southern petrochemical infrastructure have raised concerns over potential disruptions to one of the country’s key sources of export revenue, underscoring the strategic vulnerability of its energy sector. In recent days, Israel hastargeted at least eight large petrochemical facilities in Mahshahr, a major industrial zone in Khuzestan province, before extending its attacks
Iran’s Petrochemical Sector Faces Fresh Strain After Israeli Strikes Read More »
Strikes on two of Iran’s largest steel facilities threaten to erase at least $6 billion in annual export revenues and flip the country from a net exporter to a net importer of the metal for the first time in years. Khuzestan Steel Company has halted operations following Friday’s attacks by the United States and Israel,
Strikes on Iran’s biggest steel producers Read More »
The war pitting the United States and Israel against Iran is being fought across airspace and shipping lanes, but one of its most consequential economic effects may be unfolding elsewhere: the fragile commercial relationship between Tehran and the United Arab Emirates. A series of recent economic measures taken by the UAE following Iranian attacks on
War tests Iran’s Dubai trade lifeline Read More »
The Strait of Hormuz disruption, combined with targeted attacks on oil and gas infrastructure across the Persian Gulf, has placed regional economies under strain, raising the prospect of prolonged economic damage. Early estimates suggest that the loss of two of Qatar’s fourteen liquified natural gas trains has wiped out around 17 percent of the country’s annual liquefied
Iran’s Heavy Economic Toll on Gulf Arab States Read More »
President Donald Trump has in recent days threatened to obliterate Iran’s power plants, in response to the Islamic Republic’s effective closure of the Strait of Hormuz. He has since delayed any action, saying he granted a grace period—despite Tehran’s insistence that it is not negotiating with the White House over a 15-point proposal reportedly conveyed via
Behind Trump’s Threat: Iran’s Grid Faces a Stress Test Under Fire Read More »
Iran’s plans to reduce its reliance on the Strait of Hormuz appear to have delivered little practical change so far, according to tanker-tracking data from Kpler obtained by Iran International. For more than a decade, Tehran has invested heavily in the Jask oil terminal, a project designed to shift part of its crude exports to
Iran still depends on Hormuz despite years of workarounds Read More »
