The Strait of Hormuz is located between Iran to the north and Oman and the United Arab Emirates to the south. The waterway is about 50 kilometers wide at its entrance and exit, and about 33 kilometers at its narrowest point. Despite this limited width, the world's largest oil tankers pass through this route. This passage is the only sea link between the Persian Gulf and the Sea of ​​Oman, and is practically the main artery for oil and gas exports from the region's major producers.

Its name is tied to "oil," but its role goes beyond a production company; an institution that emerged from a historic decision and became the beating heart of Iran's energy. Today, the National Iranian Oil Company is not only a major player in the oil and gas industry, but also one of the pillars of the economy and national authority.

The meeting between the Iranian Oil Minister and the Russian Energy Minister during the 19th Joint Commission for Iran-Russia Economic Cooperation was accompanied by three important developments in the energy sector; the finalization of the framework for importing Russian gas, an agreement to develop a joint field, and the start of construction of equipment for new phases of the nuclear power plant are a set of new signals for the future of the country's energy balance.