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Letter from Iran: Nuclear miscalculation
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
Mideast plans big spending on gas to meet demand
The region’s gas producers are investing heavily in the fuel in order to satisfy burgeoning demand resulting from economic growth and a shift to cleaner fuels
Turkey’s gas bridge under threat
The country plays a vital role in connecting Asia to Europe, but the expiration of Russian contracts and the ramifications of the war in Iran are placing it under pressure
Letter from London: The oil market should panic tomorrow
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
The diesel crisis
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
Middle East oil vulnerabilities have been exposed
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
How Hormuz chokehold threatens LNG buyers
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
Letter from Iran: Testing times for Tehran-Beijing crude dynamics
Growing pressure from the Trump administration continues to threaten a resilient China-Iran oil nexus
Turkey locks in more Azeri gas
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
Explainer: Iran’s indispensable energy role
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
Iraq Iran Kurdistan Turkey
Gerald Butt
30 June 2017
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Iraq: more clouds ahead

The future of contested oilfields is one issue bound up with Iraqi Kurds' independence hopes

The military defeat of the Islamic State (IS) group in Iraq should herald a new, peaceful era for the country, with the resettlement of thousands of displaced families and the rebuilding of towns and cities. Instead, a dark autumn cloud has appeared on the horizon in the form of an independence referendum to be held in the semi-autonomous Kurdish region of northern Iraq on 25 September. The Iraqi Kurdish leadership insists that the vote is designed to measure the desire of the Kurds for independence, rather than trigger an automatic process leading to statehood. Nevertheless, the whole subject of the Kurds seeking their own state is an extremely sensitive one for the federal government in Ba

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