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Explainer: Fujairah on high alert
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
Middle East oil vulnerabilities have been exposed
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
EU sanctions push stalls ahead of fourth anniversary of Russian invasion
As Europe marks the fourth anniversary of the Russia-Ukraine conflict, EU efforts to tighten sanctions on Moscow have stalled
European gas faces renewed strain after winter drawdowns
Sustained low temperatures have depleted storage levels and exposed the EU’s vulnerability to shocks even as the bloc moves ahead with phasing out all Russian imports
Letter from Iran: Testing times for Tehran-Beijing crude dynamics
Growing pressure from the Trump administration continues to threaten a resilient China-Iran oil nexus
Turkey locks in more Azeri gas
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
Explainer: Iran’s indispensable energy role
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
Europe’s rising energy security challenge
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply
Venezuela’s true oil potential
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
Outlook 2006: The North Sea’s next chapter – From backbone to blueprint
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
Politics EU Turkey
Mehmet Ogutcu
5 September 2025
Follow @PetroleumEcon
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Europe’s malaise offers risk and opportunity for Turkey

The EU and Turkey should look beyond stalled accession talks and towards a new partnership that encompasses energy integration and carbon alignment

Europe remains an economic heavyweight, but its strategic relevance is fading. Growth is weak, energy costs are punitive and its defence still rests on Washington’s shoulders. The central question is whether Europe can reinvent itself as a credible pole in energy and geopolitics, or whether it will remain a regulatory superpower but a political dwarf. For Turkey, the stakes are particularly high. Europe’s weakness is a risk, but it may also be an opportunity to build a new kind of partnership—one that preserves the acquis communautaire (EU law) and Turkey’s gains to date but moves away from the divisive and unrealistic promise of EU accession. Instead, the way forward is a dynamic, strategic

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Explainer: Fujairah on high alert
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat

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