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Iran Donald Trump US Saudi Arabia
Robin M Mills
18 December 2018
Follow @PetroleumEcon
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Iran sanctions cycle set to repeat

The country is no stranger to its energy industry blowing in the political wind

Politics has bedevilled Iran's energy sector ever since the Iranian Revolution of 1978-9, but even as far back as the premiership of Mohammad Mossadegh in the 1950s. Development of the country's vast oil, and especially gas, reserves has progressed during periods of détente, but been set back when political tensions heighten. The full re-imposition of US sanctions from 4 th November 2018 is set to usher in another such period of turmoil. Iran faces political challenges on four fronts-within different factions of the regime; between the regime and ordinary Iranians; with its Arab neighbours; and with the US and the other leading international powers. The reputation of the Rouhani administrati

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California refiners dreaming of heyday
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US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends

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