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 …
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Trump is trying to tighten the screws on an Iran numb to economic pain
Iran, already drained by years of sanctions and a brutal military onslaught from the United States and Israel, now faces another test as President Donald Trump moves to further tighten the economic screws on the Islamic Republic. The US Treasury Department on Monday threatened sweeping new sanctions on countries that refuse to cut economic ties …
Read More »What to expect as Iran braces for new US economic measures amid war
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 …
Read More »Turkey’s gas pivot leaves Iran with fewer cards to play
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 …
Read More »Crude above $90 again—India faces higher import bill, rupee pressure as oil prices rise
Brent crude rises to highest level in nearly a month as US-Iran deadlock keeps Strait of Hormuz disrupted, raising risks of higher import bills, fuel prices & inflation for India.New Delhi: Nearly six months into the US-Iran war, the oil market is again facing supply uncertainty, with Brent crude climbing …
Read More »Who really owns the Caspian Sea?
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 …
Read More »Does Geothermal Energy Have a Future in Iran?
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 …
Read More »Attacks on UAE vessels raise risks for Indian crude imports. But LPG, LNG supplies far more vulnerable
India may avoid a crude supply crunch, but persistent attacks on Gulf shipping could raise freight, insurance and fuel costs, while putting LPG and LNG supplies at riskNew Delhi: Recent attacks on UAE’s state-owned Abu Dhabi National Oil Company (ADNOC) vessels and Saudi energy infrastructure are unlikely to leave India short …
Read More »From Manisa to Szeged: BYD’s shifting European investment strategy
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 …
Read More »UAE’s state-owned ADNOC, India’s major supplier, changes crude pricing mechanism
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 …
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