Iran

Blocked by sanctions from obtaining Western technology, Tehran has turned to its domestic service industry to expand production as Chinese demand reaches new highs.

Any conflict in the Middle East can create a geopolitical risk premium, but a more dramatic price impact may not materialize unless the conflict draws in other states and nonstate actors.

The US Department of Justice also announced the seizure of almost 1 million bbl of Iranian crude oil.

Iranian state-sponsored hackers reportedly have deployed a new strain of data-wiping malware on the network of Bapco, Bahrain's national oil company.

The field is estimated to hold 19 Tcf, of which 13 Tcf is recoverable, NIOC reported 14 October.

Tensions in the region spike as US blames Iran.

A recent episode involving three, allegedly Iranian, vessels and a British-flagged tanker near the Strait of Hormuz is just one of the recent events of this nature. This analysis looks at these events, the threat they pose, and how the strategy to protect oil flow from the Persian Gulf is evolving.

Reports 20 June that Iran shot down a US Navy drone over the Strait of Hormuz—the global oil market’s most critical transit point—exacerbated tensions in the region following a pair of attacks on oil tankers in the Gulf of Oman just a week earlier.

The US re-imposing sanctions on Iran has prompted Total to consider dropping its stake in a project designed to bolster output from the world’s largest gas field.

Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil, two officials said, highlighting concern about mountainous terrain where two armed groups are active.