Energy Policy

The U.S. political and military standoff with Iran hardened as conflicting narratives about a pair of attacks on tankers near the Persian Gulf stoked regional tensions and raised the risk of a miscalculation.

Iran’s auto industry has emerged as one of the frontlines in a raging economic war on the country which is lining up its defense ministry to protect the sector from US sanctions.

A prominent Saudi expert said that the Emirati intelligence agency targets oil tankers in the Persian Gulf and the Sea of Oman in a move to inflame war against Iran.

The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.

All crew members of the two oil tankers which were hit in the Sea of Oman were saved by Iranian rescue teams.

Iran insists its nuclear activities are entirely peaceful. and has repeatedly refused to discuss its missile program.

The US move is an instance of economic terrorism and in line with the hostile policies of the White House towards the Iranian nation.

Tillerson supports the president’s trade objectives but may not support the tactical moves.

Every year the oil ministry sets some tasks and goals for its subsidiary companies to fulfill by the end of the fiscal year.