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Tehran may count on links with China and others to weather the storm, but average Iranian people will bear the brunt. Tehran, Iran – Iranians are preparing for further economic pain as the United States gets ready to announce a new round of punishing sanctions on Iran. US Treasury Secretary Scott Bessent is …

he expiry of a 25-year gas contract has exposed a shift in the Iran-Turkey energy relationship, with Ankara now enjoying more supply options while Tehran risks losing one of its most dependable export markets. The contract expired on July 29 after governing Iranian pipeline gas supplies to Turkey for 25 …

Amir Soltanzadeh 08/19/2026August 19, 2026 Five countries border the Caspian Sea, but none owns a fixed share. A 2018 convention established rules for navigation, security and fishing while leaving some seabed borders unresolved. For decades, debate in Iran over the Caspian Sea has often centered on a deceptively simple question: What percentage …

Geothermal Projects Carry Substantial Risk Because Unsuccessful Wells or Underperforming Reservoirs Can Absorb CapitalThere is little good news inside Iran regarding electricity. The government long ago instituted rotations of blackouts and brownouts to manage shortages, but even these are no longer predictable. Although Iranian officials might blame the war, the …

In June 2026, Chinese electric-vehicle manufacturer BYD confirmed that its planned $1 billion electric and plug-in hybrid vehicle factory in Manisa, western Turkiye, had been placed on indefinite hold. The project, signed with great ceremony in July 2024 in the presence of Turkish President Recep Tayyip Erdoğan, had been presented as a …

New Delhi: Abu Dhabi National Oil Company (ADNOC) will change the way it prices its crude oil from 1 November, a move that is expected to better reflect current market conditions and make it easier for Asian buyers, including India, to purchase and manage the cost of its crude.According to Umud …

On 29th July 2026, a suspected drone struck the Energos Winter, a US-owned floating storage and regasification unit (FSRU), at Egypt’s Damietta port. The resulting fire spread to the nearby Gaslog Salem. Both crews were evacuated, the fire was contained, and no casualties were reported. Maritime security firms Ambrey and Vanguard identified …

Amir Soltanzadeh Iranian authorities want to dampen fuel consumption, but a sudden increase in gasoline prices risks social unrest as many Iranian households are already under severe economic pressure Iran is moving closer to politically sensitive changes in gasoline pricing as the government struggles with a widening gap between domestic …

Yanbu May Relieve Immediate Pressure, but It Does Not Remove Geopolitical Risks for Saudi Arabia While cargo passage through the Strait of Hormuz is hampered, Saudi Arabia can benefit from the Red Sea port of Yanbu to export oil. The East-West Petroline pipeline allows Saudia Arabia to divert oil from fields in …

The United States and Saudi Arabia took a step toward nuclear cooperation on 22nd July 22 2026, when U.S. Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman signed a Section 123 Agreement. It creates the legal basis for civilian nuclear trade and comes with a bilateral safeguards agreement. Washington …