Tag Archives: Biden

Iran can neither increase its oil and natural gas production capacity, nor attract the necessary foreign capital and technology for their expansion, without the lifting of sanctions. Thanks to a combination of Western animosity and Iran’s regional foreign policy, the country’s energy industry has faced ever more onerous sanctions in …

Political and economic relations between Iran and Venezuela have grown over the past two decades. The South American country has the largest known oil reserves in the world but, despite being recognised as a leading economy on the continent for many years, Venezuela is a prime example of the “economic …

Iran’s oil sales have risen under the Biden administration, but if the Ukraine crisis and Iran’s current policy in the nuclear talks continue, the US could tighten conditions for selling Iranian oil. Russia’s invasion of Ukraine has disrupted global oil trade and has given Iran the opportunity to increase exports to China, …

One month since the Russian invasion of Ukraine, it has become clear that the war in Ukraine is changing global energy geopolitics. To understand the role of energy in the US response to the Ukraine Crisis, Adam Hoffman and Dr. Rebecca Molloy of Wikistrat interviewed Dr. Umud Shokri, who is …

When President Joe Biden announced a U.S. ban on Russian oil and other energy imports last week, he called the sanction a “powerful blow to Putin’s war machine” currently invading Ukraine.  But the move means Washington must find alternative sources of crude elsewhere, and its search for new supplies, from …

Saudi Arabia is undoubtedly concerned by Biden’s emphasis on addressing climate change since this would mean a drop in the demand for crude oil, the backbone of Saudi Arabia’s economy. The stability of global energy markets has long been a major factor in U.S. relations with Saudi Arabia. Riyadh’s potential to increase …

  Iran’s economy, which is heavily dependent on oil exports, has not been able to benefit from oil exports in recent years due to U.S. sanctions, the country’s foreign exchange earnings have declined. In spite of this, the Iranian government has tried to provide the necessary financial resources for the …

Aiming to force the Iranian regime to negotiate its regional policies, the United States withdrew from the Joint Comprehensive Plan of Action (JCPOA) in May 2018 and imposed tough sanctions on the country. This “maximum pressure campaign” has certainly put significant economic pressure on Iran — especially now as it is …

Since the Trump administration’s withdrawal from the nuclear deal in 2018 and the “maximum pressure” strategy of reimposing crippling sanctions, Iran has abandoned its key commitments, including the resumption of uranium enrichment. These moves have been accompanied by increasing ballistic missile tests, mysterious attacks on oil tankers in the Persian Gulf, increased meddling in conflicts …