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QatarEnergy's liquefied natural gas production facilities in Ras Laffan Industrial City, Qatar, on March 2, 2026.

Analysis

Iran conflict brings energy boon for some, doom for others

The US-Israeli war with Iran has badly damaged oil & gas producers in the Gulf and consumers in the Indo-Pacific. But not all countries within those regions will feel the pain equally.

Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025.

What We're Watching

Trump eases Russian oil sanctions, US-Cuba talks, Zimbabwe to leverage lithium mines

The US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily in oil revenues since the war began.

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Europe

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Signs of Russia’s spring offensive

Europe holds Iran position – for now

Until now, Europe has kept out of the Iran war. But with Iran attempting to hit the UK island of Diego Garcia on Friday, and fears growing that US President Donald Trump will forget about Ukraine, that calculus may have changed.

Putin’s gamble in Cuba

A tanker carrying Russian oil is headed toward Cuba, setting up a potential confrontation with the US military around the communist-run Caribbean island.

Rahm Emanuel: Trump doesn’t know “friend from foe” on Russia

Rahm Emanuel says the arrival of Russian oil tankers in Cuba is a direct test of whether President Trump can distinguish between political theater and a real strategic threat.

Vance bids to save Orbán, Thai Parliament selects PM, Venezuela’s interim leader puts her stamp on power

US President Donald Trump’s allies have taken a major interest in European politics over the last 18 months, attempting to boost far-right leaders in Albania, Germany, and Poland.

Iran conflict brings energy boon for some, doom for others

The US-Israeli war with Iran has badly damaged oil & gas producers in the Gulf and consumers in the Indo-Pacific. But not all countries within those regions will feel the pain equally.

Abandoned Russian oil tanker drifts toward Libya, Pentagon reportedly makes hefty financial request, K-pop group returns, & Nigerian leader makes rare UK visit

700: The tons of fuel and liquefied natural gas aboard a Russian tanker that is currently floating around the Mediterranean Sea unmanned, after a drone attack earlier this month prompted the crew to abandon ship.

Asia seeks coal amid Iran conflict, Israel expands its war within a war, Chile’s Kast builds a wall

Much as Europe did when Russia began its full-scale invasion of Ukraine four years ago, Asia is turning to a retro, highly-polluting fuel source as the Iran conflict limits the supply of liquefied natural gas: coal.

Europe’s muted response on Iran

Europe is publicly praising Trump, but according to Brookings Institution’s Thomas Wright, fear, not agreement, is driving its diplomacy.

Europe pays for a war it doesn’t want

Nearly a month ago, the US and Israel started a war with Iran. But one continent, which wants very little to do with the war, is uniquely impacted: Europe.

Pakistan hits drug rehab center in Kabul, Five female Iranian soccer players withdraw asylum claims, Meningitis outbreak in southeast England, Chinese national tries to smuggle ants out of Kenya

Trump eases Russian oil sanctions, US-Cuba talks, Zimbabwe to leverage lithium mines

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Until now, Europe has kept out of the Iran war. But with Iran attempting to hit the UK island of Diego Garcia on Friday, and fears growing that US President Donald Trump will forget about Ukraine, that calculus may have changed.

A tanker carrying Russian oil is headed toward Cuba, setting up a potential confrontation with the US military around the communist-run Caribbean island.

Rahm Emanuel says the arrival of Russian oil tankers in Cuba is a direct test of whether President Trump can distinguish between political theater and a real strategic threat.

US President Donald Trump’s allies have taken a major interest in European politics over the last 18 months, attempting to boost far-right leaders in Albania, Germany, and Poland.

The US-Israeli war with Iran has badly damaged oil & gas producers in the Gulf and consumers in the Indo-Pacific. But not all countries within those regions will feel the pain equally.

700: The tons of fuel and liquefied natural gas aboard a Russian tanker that is currently floating around the Mediterranean Sea unmanned, after a drone attack earlier this month prompted the crew to abandon ship.

Much as Europe did when Russia began its full-scale invasion of Ukraine four years ago, Asia is turning to a retro, highly-polluting fuel source as the Iran conflict limits the supply of liquefied natural gas: coal.

Europe is publicly praising Trump, but according to Brookings Institution’s Thomas Wright, fear, not agreement, is driving its diplomacy.

Nearly a month ago, the US and Israel started a war with Iran. But one continent, which wants very little to do with the war, is uniquely impacted: Europe.

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