US Treasury Secretary Scott Bessent tweeted on April 22 that Iran''s crude oil storage at Kharg Island would be full in a matter of days, at which point he said Tehran would be forced to shut
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Iran has the second-largest natural gas reserves and the fourth-largest oil reserves in the world; yet, it is experiencing a severe fuel crisis that is interfering with daily life, halting industrial
Iran is experiencing one of its most severe energy crises in recent decades, marked by daily electricity blackouts, water shortages, and widespread disruptions to industry and daily life.
Prime Minister Benjamin Netanyahu said the attacks on fuel storage, an expansion of the bombing campaign, were aimed at helping destabilize Iran''s government. Iran''s de facto leader
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Impact of Middle East Crisis on Global Energy Markets Crisis Response Page - Updated: May 2026 For the second time in four years, global energy markets
The US military said it launched strikes “against multiple targets in Iran.” Trump warns the US could resume attacks, blaming slow progress in negotiations to end the war. Follow for live news
The other sticking points are the status of Iran''s nuclear program and control of the Strait of Hormuz, a major choke-point in the international energy trade.
Crude Oil fell to 81.31 USD/Bbl on June 15, 2026, down 4.21% from the previous day. Over the past month, Crude Oil''s price has fallen 22.10%, but it is still 15.74% higher than a year ago, according to
In this dedicated tracker, the IEA provides an up-to-date overview of actions implemented by governments seeking to conserve energy or support
Energy product subsidies in Iran are among the highest in the world and have important implications for developing countries. This study examines the impact of subsidy removal policy on
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The war in Iran and the effective closure of the Strait of Hormuz have plunged global energy markets into deep uncertainty, disrupting critical oil and gas flows and accelerating structural
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Iran war latest: Trump arrives at G7 ''very happy'' about deal - but Netanyahu gives firm Lebanon update The US and Iran have reached an agreement to end the war, due to be signed on
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Oil futures rose on Monday following joint U.S. and Israeli military strikes on Iran over the weekend, as the escalating conflict expanded across the Middle East and raised fears of disruptions
U.S. And Iran Fail to Agree on Peace Deal After 21 Hours of Talks, Vance Says Vice President JD Vance said the Iranian delegation had not accepted American terms for ending the war
Follow live updates and the latest news from the World Cup as Spain takes on Cape Verde and Iran plays in the U.S. amid the peace deal. Analysis, highlights and
Strait of Hormuz: Iran''s foreign minister said on Friday that the Strait of Hormuz was “completely open” for all commercial ships, but uncertainty remained after President Trump declared
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Iran Energy Storage Intelligence — Note #1 Is Iran quietly opening the door to energy storage? Most of the discussion around Iran''s latest renewable energy tariff update has focused on the
This post explores the current state of Iran''s new energy market, recent policies, key case studies in solar PV and energy storage, and the promising yet challenging road ahead.
This paper employs an integrated, scenario-based robust planning approach to address Iran''s energy imbalance, which manifests as excess demand or insufficient supply of natural gas in
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