Iran to hold on to Eastern promise
New reformist leadership is unlikely to see any quick changes to relations with the West, but Iran has opportunity to boost its energy and foreign policy options
Masoud Pezeshkian, a classic reformist and former member of parliament, has emerged as the new president of Iran following an election held after the death of the country’s pro-East president, Ebrahim Raisi, resulting in the resurgence of reformists in Iranian politics. Just three months ago, even the most optimistic political observers in Iran saw little chance of Pezeshkian securing a seat in parliament, let alone the presidency. But Iran now has a president who, during his campaign, emphasised efforts to resolve issues with the West. Iran's foreign policy is influenced by a complex and opaque mix of geopolitical, ideological, economic and political factors, making it difficult to define a
Also in this section
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
21 January 2026
Petroleum Economist takes a look at the critical developments that look set to govern the course of the market for this year






