Oil

This week’s OPEC+ meeting could see another friendly handshake between Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin, pictured here on Dec. 1. (Mikhail Klimentyev/AFP/Getty Images)

Are Putin and Mohammed bin Salman Getting Ready for Another High-Five?

This week’s OPEC meeting could cement closer cooperation between Russia and Saudi Arabia.

Venezuelan President Hugo Chavez addresses supporters during a campaign rally on August 3, 2012. (JUAN BARRETO/AFP/GettyImages)

Chávez’s Real Legacy Is Disaster

It's easy to blame Maduro, but the seeds of calamity were sown by his predecessor.

An Iranian man shops at a drugstore at the Nikan hospital in Tehran on September 11, 2018.

How Europe Could Blunt U.S. Iran Sanctions Without Washington Lifting A Finger

If the EU gives its special purpose vehicle for Iran trade a humanitarian focus, the Trump administration won’t be able to stop it without trampling longstanding U.S. exemptions.

U.S. President Donald Trump joins dancers with swords at a welcome ceremony ahead of a banquet at the Murabba Palace in Riyadh on May 20, 2017.

Trump Thinks He’s Helping the U.S.-Saudi Relationship. He’s Hurting It.

By avoiding a credible investigation into Jamal Khashoggi’s killing, dismissing CIA findings, and failing to take advantage of his negotiating leverage, the American president has imperiled the future of an important strategic alliance.

Iranian protesters carry placards that mock U.S. President Donald Trump and Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman during a demonstration outside the former U.S. Embassy in Tehran on Nov. 4. (Atta Kenare/AFP/Getty Images)

Trump’s Iran Sanctions Could Work

In the medium term, they’ll make it hard for the country to keep up oil production, satisfy domestic demand, and fund the government.

The shale oil revolution has brought boom, and sometimes bust, to places like Midland, Texas, shown here on Feb. 5, 2015. (Spencer Platt/Getty Images)

Why American Oil Hasn’t Been a Total Game-Changer

The U.S. is now the world’s top producer, but Saudi Arabia still holds the key to crude prices.

Iranian President Hassan Rouhani shrugs during a press conference with Turkish President Recep Tayyip Erdogan in Tehran on Sept. 7. (Mikhail Svetlov/Getty Images)

Trump Waives Iran Sanctions for Turkey

How Erdogan could use the exception to outsmart the United States, again.

Iraqi protesters watch an official building in flames as they demonstrate against the government and the lack of basic services in Basra on Sept. 6. (Haidar Hohammed Ali/AFP/Getty Images)

Northern Iraq May Be Free, but the South Is Seething

The world has focused on rebuilding the country’s north after defeating the Islamic State while ignoring festering resentment and poverty in Basra.

U.S. Secretary of State Mike Pompeo on Friday announced limited waivers for Iranian oil sales, but stressed U.S. intentions of applying “maximum pressure,” Washington, May 21, 2018. (Win McNamee/Getty Images)

U.S. to Allow Some Iranian Oil Sales—For Now

With sanctions kicking in Monday, the administration still aims for zero oil exports from Iran but wants to avoid spiking price of crude.

A general view on the last day of the Future Investment Initiative conference in the Saudi capital Riyadh on Oct. 25. (Giuseppe CacaceI/AFP)

How Mohammed bin Salman Turned Saudi Arabia Into an Investment Wasteland

Businesses abroad are still taking his money, but they’re fleeing his country.

A gas pump nozzle is seen at a gas station in Miami on April 9. (Joe Raedle/Getty Images)

Trump Can’t Put ‘Maximum Pressure’ on Tehran and Keep Gas Prices Low

Something’s going to have to give, and it will probably be the sanctions.

An oil worker lies on a deck during a fire drill aboard the Pemex Ku-S oil processing center in the Gulf of Mexico on Aug. 5, 2010. (Alfredo Estrella/AFP/Getty Images)

Mexico and Brazil’s Crude Politics

A potential return to resource nationalism could set both countries back.

An Iranian tanker and a South Korean tanker docking at the platform of the oil facility in the Khark Island, on the shore of the Persian Gulf on March 12, 2017.

The Road to Tehran Runs Through Oslo

Norway—and Oman—can help end the impasse over Iran sanctions by creating an externally-managed and guaranteed oil fund.

Members of Iran's Revolutionary Guards Corps (IRGC) march during a military parade in Tehran on Sept. 22.(STR/AFP/Getty Images)

Tougher U.S. Sanctions Will Enrich Iran’s Revolutionary Guards

As the economic noose tightens on the Iranian economy, smugglers will thrive and the IRGC will be the first to profit.

A gas flare burns on Norway's Sleipner gas platform on May 15, 2008. (Daniel Sannum-Lauten/AFP/Getty Images)

Norway’s Green Delusions

The country may seem a haven for clean energy, but that’s because it exports its pollution.

An Iranian oil facility on Kharg Island in the Persian Gulf on March 12, 2017. (Atta Kenare/AFP/Getty Images)

Energy Security Is the Real Way to Put America First

Looming Iran oil sanctions pose challenges for U.S. energy policy.

A satellite view of the Bab el-Mandeb Strait near Yemen on March 28, 2015. (USGS/NASA Landsat/Orbital Horizon/Gallo Images/Getty Images)

Iran’s Yemeni Proxies Put Oil Shipments in Crosshairs

A Houthi attack on two Saudi oil tankers near Yemen could be an Iranian bid to hammer a key energy choke point.

Iranian protesters hold a portrait of the commander of the Iranian Revolutionary Guard's Quds Force, Gen. Qassem Suleimani, during a demonstration in the capital Tehran on December 11, 2017.

Iran Hawks Should Be Careful What They Wish For

Pushing for regime change in Tehran could put Qassem Suleimani in power.

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