Richard Goldberg
Coverage of Richard Goldberg in the Nexus archive.
- Hormuz will never really be open again
The US-Iran de-escalation deal may restore some oil tanker traffic through the Strait of Hormuz but global energy trade remains disrupted. Goldman Sachs lowered its oil price forecast, and experts highlight long-term shifts toward electrification and energy security challenges, with Iran maintaining leverage to disrupt transit.
- US-backed pipeline proposal targets global reliance on Strait of Hormuz amid Iran threats
The US has proposed a new pipeline network, ARAM Express, to reduce reliance on the Strait of Hormuz amid tensions with Iran. The project aims to create multiple export pathways for oil, gas, and petrochemicals. The proposal relies on international participation and investment from European and Asian buyers.
- UAE leaves OPEC to pursue "accelerated" production
The United Arab Emirates has exited OPEC after over 50 years, citing a need to align with its long-term energy strategy and increased domestic production capacity. The move weakens OPEC's ability to manage oil supply and prices, as the UAE is the group's third-largest producer. Experts suggest the decision reflects shifting geopolitical alliances and market dynamics.