Since the US removed exemptions that allowed eight countries — including Japan, China and South Korea — to import Iranian oil, sanctions on Tehran have really begun to bite, and the threat to commercial shipping in the strategic Strait of Hormuz has increased in proportion.
July 20, 2019
Tension in the region has been rising since US President Donald Trump withdrew from the Joint Comprehensive Plan of Action (JCPOA), the 2015 deal to curb Iran’s nuclear program, and reimposed sanctions.
July 13, 2019
As OPEC oil ministers gathered in Vienna for their meetings and consultations with their non-OPEC allies, commonly referred to as OPEC+, the oil price reached a five-year high on the back of on two news items.
July 02, 2019
A great deal has happened since the Soviet Union established diplomatic relations with China 70 years ago, not least in the two countries’ relationship with each other and with the West.
June 08, 2019
Crude oil prices tested new lows last week and continued their downward slide on Monday, when Brent reached $61.06 per barrel in morning trading. Prices are 14.3 percent down month on month, and around 20 percent lower than their 2018 high.
June 04, 2019