Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Basra Energy starts amid output push
The JV assumes the role of Rumaila’s main contractor as a new production target is set
US shale closes the gap
Supply is gradually returning, but the market will remain tight into next year
Licensing round December update
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
US industry and government must work together on abandoned wells
Dealing with end-of-life oil and gas wells has costs and challenges. But a joined-up approach should also offer benefits
US independents stick to the script
Shale producers are cautiously eyeing Opec+ before lifting capex while substantially trimming hedging
Letter from Houston: Lower 48 outlook strengthening
Climbing commodity prices and rampant drilling activity are lifting shale production guidance
Uncertainty hangs over Permian permits
Output may be climbing fast, but producers are still waiting for clarity from the government on the future of federal drilling
Private operators drive Permian recovery
Strong market conditions are encouraging private producers in Texas and New Mexico to lift drilling activity
Iran talks the talk on Caspian gas
The Chalous deposit is both significant and conveniently located for potential export purposes. But production is likely a long way off
Demonstrators attend a protest against the assassination of the Iranian Major-General Qassem Soleimani in Tehran
Iraq Iran US
Gerald Butt
3 January 2020
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

US lobs a grenade into a box of fireworks

Washington and Tehran may consider their next moves after drone kills top Iranian general, but restraint is the likeliest casualty

The long-rumbling US-Iran crisis has moved to a new and extremely febrile phase, after the US took out General Qassem Soleimani, Iran’s top commander in Iraq, in a targeted attack at Baghdad airport.  For months, tension has been high in the Mid-East Gulf—with attacks on shipping, on Saudi oil facilities and on other infrastructure. Iraq, where both the US and Iran have strong interests and strong allies, has been a particular focus in recent weeks. Against the background of a serious domestic political crisis, Iran-back militias attacked US facilities in the country, which appears to have sparked the fierce American response.  While the US and Iran had previously been careful to prevent mat

Also in this section
Canada’s energy superpower ambition
5 June 2025
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
Is a Russia-Iran gas deal on the horizon?
5 June 2025
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Europe’s hard choices on gas security
5 June 2025
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
China’s critical gas position
3 June 2025
China will play a huge role in driving gas demand, with its Qatar partnership crucial to this growth amid global structural challenges

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search