Energy

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Iran Oil Sanctions: A Rare Case Where Transactional Diplomacy Should Work

AP/Hasan Jamali

Analysis & Opinions - Bloomberg Opinion

Iran Oil Sanctions: A Rare Case Where Transactional Diplomacy Should Work

| Apr. 22, 2019

Secretary of State Mike Pompeo’s most recent announcement on Iran policy has raised some eyebrows. He indicated on Monday morning that the Trump administration will not renew waivers to importers of Iranian crude and that other suppliers (meaning Saudi Arabia) have agreed to increase production in to ensure the global oil market remains well-supplied. Skeptics question whether — after last summer’s debacle — there is sufficient trust between Washington and Riyadh for this arrangement to work. What skeptics may not have digested is that, while timing remains a problem, this is a classic win-win situation. It is a near-perfect example of the very limited universe of occasions when transactional diplomacy could actually work.

Trump’s Iraq Visit Alone Won’t Undo Damage He Did Last Week

The White House from Washington, DC/Wikimedia Commons

Analysis & Opinions - Bloomberg Opinion

Trump’s Iraq Visit Alone Won’t Undo Damage He Did Last Week

| Dec. 26, 2018

The move of President Donald Trump to visit Baghdad on Wednesday is a small, good one, amid a week of calamitous decisions. The press will understandably highlight the time that Trump spends with U.S. troops. Yet a key objective of the trip will have been to shore up the new Iraqi government's confidence in the U.S., as Iraqi officials must be high on the list of those shocked by the president’s recent decisions to rapidly withdraw U.S. forces from Syria and Afghanistan. Perhaps the president has realized that his administration has some hard work to do if there is any hope of keeping his latest determinations from dramatically strengthening Iran.

OPEC Headquarters

i_csuhai/Flickr

Analysis & Opinions - Bloomberg Opinion

Lessons for Trump After His Clumsy Dance With OPEC

| June 28, 2018

The world was in suspense a week ago wondering whether OPEC and non-OPEC producers would put more oil on tightening global markets. Turns out: Yes, they will. But, as the story does not end here, it is worth assessing where we are and how we got here. While the U.S. seems to have gotten what it wanted, it is not all good news.

The gas and diesel prices of the Chevron filling station outside of MIA on April 16, 2011.

Daniel Christensen

Analysis & Opinions - Bloomberg Opinion

Trump Has Options If Oil Market Panics About Iran

| May 10, 2018

Oil markets have so far reacted to President Donald Trump’s decision to withdraw from the 2015 Iran nuclear deal without either enthusiasm or panic — without even much apparent interest. There are many good reasons for this, but also many reasons to think oil markets’ complacency could change. Fortunately, the Obama-era sanctions that Trump has moved to reimpose have some lesser-known safety valves should oil markets later overheat as a result of the Iran decision.

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The Energy Implications of a Nuclear Deal between the P5+1 and Iran

| July 14, 2015

On June 23 and 24, twenty five experts met at Harvard University’s Kennedy School of Government under the auspices of the Geopolitics of Energy Project at the Belfer Center for Science and International Affairs. The group, which included experts from academia, the financial sector, government, and the energy industry, spent an evening and the following full day discussing and debating the possible energy implications of a nuclear deal between the P5+1 and Iran.

In this Thursday, Dec. 17, 2009 file photo, Iranian Vice-President Mohammad Reza Rahimi, right, accompanies President Mahmoud Ahmadinejad in his departure ceremony as he leaves Tehran's Mehrabad airport for Copenhagen to attend the U.N. Climate Summit. Ir

Vahid Salemi - AP Images

Analysis & Opinions - Los Angeles Times

Will Iran Crack?

| July 6, 2012

The latest Iran sanctions came into full effect this week, adding to a byzantine array of unilateral and multilateral measures that prohibit Iranian oil imports, other trade and financial transactions, and freeze Iranian assets by countries concerned that Tehran's nuclear program is intended for military purposes, not civilian ones.