The End of the Middle East’s Monopoly on the Oil Market: Lessons from the 12-Day War between Iran and Israel

The End of the Middle East’s Monopoly on the Oil Market: Lessons from the 12-Day War between Iran and Israel

The short 12-day war between Iran and the Zionist regime, contrary to predictions, failed to disrupt the global oil market. This event showed that the Middle East is no longer the only determinant of global oil prices. In an interview with Hossein Mirafazli, an energy expert, we examined this major transformation and the future of the energy market. He talks about the stunning growth of renewable energies, especially solar, and the world's reduction in dependence on oil, and believes that these changes will transform not only the energy market, but also global political and geopolitical equations. Is the era of the Middle East's oil monopoly over?
From dream to reality: Why didn’t China and Russia invest in Iran’s oil industry?

From dream to reality: Why didn’t China and Russia invest in Iran’s oil industry?

Iran's gas industry, as one of the main pillars of the country's energy supply, has faced serious challenges in recent years in attracting domestic and foreign investment. According to Morteza Behrouzifar, an energy expert, the misconception that was formed in previous governments about the transfer of capital and technology from countries such as China and Russia has given way to realism today, and these problems, which are mainly due to sanctions and the lack of technical and financial capacity of domestic companies, have jeopardized the development process and even the maintenance of production capacity.
China backs down; 30 million barrels of Iranian oil in the Malaysian Sea remain in limbo

China backs down; 30 million barrels of Iranian oil in the Malaysian Sea remain in limbo

The increase in Iranian crude oil storage in Malaysian waters and the reduction in Chinese imports from the country following severe US sanctions have presented serious challenges to the flow of Iranian oil trade. With more than 30 million barrels of oil accumulated in stranded tankers, Iran is struggling to protect its market from geopolitical pressures.