Tag Archives: China

Iran’s oil minister Mohsen Paknejad resigned Sunday, leaving acting minister Hamid Bovard with crude exports choked by a US blockade and scrutiny of intermediaries used to sell sanctioned oil, raising questions over what he can change. President Masoud Pezeshkian accepted Paknejad’s resignation on October 4 and appointed Bovard, chief executive …

The surge, led by diesel shipments, rose to 81,000 barrels per day (b/d) in July and 41,800 b/d in August from zero in May and June.Udit Bubna 24 September, 2026 08:30 am IST New Delhi: India’s petroleum product exports to Turkey surged in July and August, as Ankara explored for …

Iran is racing to restore gas infrastructure before winter after losing about a third of its pre-war production capacity, a reconstruction challenge that could force Tehran into difficult choices between keeping homes warm, power plants running and industry supplied. Iranian officials say attacks have knocked out about 230 million cubic …

Iran is shifting trade toward northern ports and land routes as its southern shipping faces a US blockade. Analysts say the corridors can keep essential goods moving, but cannot replace maritime trade. Can land corridors offset the impact of the maritime blockade on Iran? The US-led maritime blockade targeting Iranian ports …

Oil markets are behaving as if the region’s supply problems will soon resolve themselves. That confidence is becoming increasingly difficult to justify.By mid-September 2026, futures prices had repeatedly eased or paused on the basis of limited diplomatic signals, even as three major vulnerabilities were developing at the same time: Iran’s …

Iran’s large-scale fuel losses appear to go beyond the smuggling cited by officials in Tehran, with evidence pointing to organized diversion within the country’s fuel distribution system. Iranian officials repeatedly say around 20 million liters of fuel are smuggled out of the country every day, costing Iran between $4 billion …

Enforcement Will Test Abu Dhabi’s Appetite to Absorb Domestic Costs While Pressuring Tehran On August 19, 2026, the United Arab Emirates announced it had stopped “all trade, commercial exchanges and financial transactions” with Iran “until further notice.” But the Foreign Ministry did not cite a new statute, cabinet resolution, sanctions list or …

Iran has announced another major gas discovery, but with the world’s second-largest reserves already beneath its soil, Tehran’s problem is not finding gas but finding the money and technology to extract it. Oil Minister Mohsen Paknejad said the newly discovered field in southern Fars Province contains more than 7.5 trillion …

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 …