Iraqi Turmoil And the Global Oil Market

by Sara Vakhshouri On Saturday June 21, Iraq’s largest refinery at Baiji finally succumbed to the forces of the radical Sunni militant group, the Islamic State in Iraq and the Levant (ISIL, often referred to as the Islamic State in… Continue Reading  

Gasoline Prices: Iran’s Achilles’ Heel

by Sara Vakhshouri This week Iranians began dealing with a new phase of reduced fuel subsidies and increased gasoline prices. The new gasoline prices were announced at midnight on April 24 by the National Iranian Oil Refining and Distribution Company… Continue Reading