Oil & Gas

What a Middle East oil and LNG crisis means for China and East Asia

By Joseph Webster, Reid I’Anson, and Kevin Li

China, Japan, South Korea, and Taiwan would each be affected by a collapse in energy through the Strait of Hormuz, which Iran has effectively closed.

Enforce sanctions to prevent Russia from benefitting in a prolonged Iran crisis

By Kimberly Donovan

Russia has millions of barrels of sanctioned oil it is ready to sell—unless the United States and its allies step up sanctions enforcement.

How the US and its allies can prevent an energy supply crisis in the Strait of Hormuz

By David L. Goldwyn, Andrea Clabough

As Iran threatens to stop oil and gas shipping through the critical waterway, coordination on what to do with strategic reserves is more important than ever.

Turkey’s gas diversification strategy and rising share of LNG

By Eser Özdil

An analysis of Turkey's LNG diversification strategy from 2016 to 2025 and the geopolitical implications of Turkey’s emergence as a gas exporter to Europe.

Don’t worry about the Iran conflict’s impact on oil prices—yet

By Landon Derentz

Markets can tolerate a spike. What they cannot tolerate is prolonged uncertainty over trade flows through the Strait of Hormuz.

Why the Arctic matters to the United States

By Julia Nesheiwat

The region is rapidly becoming a geopolitical arena where Russia and China’s deepening cooperation challenges Western dominance.

The US-Lithuania LNG partnership exposes the myth that there are ‘no alternatives’ to Russian gas

As US LNG exports grow, a Baltic ally that decided to break with Russia more than a decade ago shows the way forward for Europe.

How Trump and Erdoğan can turn US LNG energy dominance into Black Sea stability

By Nataliya Katser-Buchkovska, Landon Derentz

The US and Turkish presidents, along with the Ukrainian president, should strike a deal to open the Bosporus Strait to US LNG tankers.

Memo to the president: Steps to secure a prosperous, US-aligned Venezuela

By Jason Marczak, Ambassador James Story, General (ret.) Laura J. Richardson, and Geoff Ramsey

One month after Nicolás Maduro’s removal from power, Washington has significant leverage it can use in the short term to boost the odds of a stable, democratic Venezuela emerging in the long term. To that end, our experts lay out the tough asks the US government should make of interim president Delcy Rodríguez.