Iran and the United States remain unable to reach an agreement on the Joint Comprehensive Plan of Action (JCPOA)—and analysts believe Iran's continued clandestine oil sales mean a JCPOA deal would only have a muted oil market effect.
Removing Iranian oil sanctions could have a profound impact on the global energy market.
Iranian and Venezuelan hopes of a swift loosening of sanctions under the Biden administration are fading fast.
As Iran anticipates a lifting of sanctions, it will return to a very different oil market where Iraq has filled the vacuum.
Iran has announced a new oil pipeline project that would allow it to bypass the Strait of Hormuz
Ironically, the U.S. policy of economic pressure on Iran may turn a global catastrophe into a moment of opportunity Tehran hopes to exploit.
The supply risk is far from over despite de-escalating Iran-U.S. tensions, but the price retreat reflects a world still awash in oil.
The killing of Qassem Soleimani is a seismic event in U.S.-Iran relations, and could have far-reaching consequences.
Iranian protests against steep gasoline price hikes shows the government is struggling to balance its budget as oil exports decline.
OPEC+ might have to extend its cuts when the group meets next month, but the pain in the U.S. shale industry may make its long-term task easier.