More: Iran
No Rear Area Left: How the Houthis Took the War Beyond Yemen
A drone strike on a Madinah power station did little physical damage. It confirmed something more consequential: the Houthi threat is no longer a...
Why the Road Back to US-Iran Talks Still Runs Through Islamabad?
The June framework has become the shared vocabulary of the US-Iran conflict. Turning a reference point back into a process is a harder task,...
As Hormuz Reopens, Gulf Oil Producers Fight to Win Back Lost Markets
The Middle East's oil market is entering a new phase of competition as Gulf producers race to recover customers lost during the Iran war,...
Suspected Iran Plot Targeting Fairford Airbase: What Happened?
The United States has taken its fleet of bombers away from a British airbase following the arrest of five men suspected of planning terrorist...
Why Are Oil Prices Still Above $100 as Gulf Crude Exports Recover?
Oil markets are confronting a new kind of supply shock. The problem is no longer simply how much crude is available, but whether the...
After the Strategic Reserves Run Dry
Two-Thirds Gone, Winter Ahead
On 30 September the US Department of Energy put the last 40 million barrels of its share of March’s emergency release...
Built to Be Announced, Not to Last: The Election Logic Behind a US–Iran Deal
Two Deadlines, One Date
Last Thursday, in Denton, Texas, Donald Trump said Iran is “ready to fold up” and that the war would be won...
Iran Sets Conditions for Reopening Strait of Hormuz Amid Global Energy Concerns
Iran's parliament speaker, Mohammad Baqer Qalibaf, stated that the Strait of Hormuz will not reopen until the US meets seven conditions that were outlined...
Iran’s Strategy After the War: Hormuz, Gulf Tensions and the Risk of Another Conflict
The war involving Iran, Israel and the United States has reshaped the strategic balance across the Middle East, leaving the Strait of Hormuz at...
The New Geography of Energy: Why Refining Capacity May Matter More Than Oil Reserves
Crude Came Back. Diesel Didn't.
This week, seven months after the Iran war shut the Strait of Hormuz, crude oil finally returned to normal. Around...