WorldOil Biden turns to America’s enemies to solve energy problems of his own making In the face of rising gasoline prices, U.S. President Joe Biden has instructed his administration to turn to the likes of Saudi Arabia, Iran and Russia to produce more crude while keeping restrictions on American oil and gas in place. Prospects dim for Iran’s oil revival with Biden’s nuclear deal slipping away The Biden administration faces the sobering reality that returning to the Iran nuclear deal may no longer be feasible, as the Islamic Republic finds ways to cope with U.S. sanctions and races toward the capacity to build a bomb. Iran’s oil output growth looks less likely following tanker attack Iran’s oil comeback, already taking longer than many traders expected, will be further complicated by last week’s deadly drone attack on a tanker in the Gulf of Oman, which the U.S., U.K. and Israel all blamed on Tehran. Israel blames Iran for deadly oil tanker attack after Tehran’s denial Israel’s prime minister said Iran was “unequivocally” to blame for a deadly attack on an Israel-linked oil tanker off Oman on Thursday, just after Tehran denied responsibility. Iran restricts access to nuclear data until sanctions are lifted Iran claims it’s preserving data captured by International Atomic Energy Agency monitoring equipment, but officials won’t give investigators access to it until Iran concludes stalled talks with world powers to lift economic sanctions. Iran to open oil export terminal beyond Strait of Hormuz next week Iran plans to ship a cargo of oil from a port in the Gulf of Oman next week, its first crude export from outside the Persian Gulf and beyond the narrow, crisis-prone Strait of Hormuz. Iran complicates sanctions talks with demands that predate the U.S. nuclear deal Iran and the U.S. are haggling over problems with the nuclear deal that predated the Trump administration’s 2018 withdrawal from the accord, a top Iranian government official said, suggesting that negotiations to bring Washington back into the fold have become more complicated than previously known. World powers convene on Iran sanctions after hardliner wins power While Ebrahim Raisi’s presidential win isn’t expected to derail efforts to return the U.S. to the accord, the change in administration in Tehran has complicated diplomacy. Iran’s election results will likely slow a return to global oil markets Iran will continue talks aimed at reviving a nuclear deal during its transition to a new government, yet the election of a conservative cleric as president lowers traders’ expectations of a quick return to the world oil market. Iran’s new, hardline leader Raisi may complicate U.S. sanctions deal A former judiciary chief with support from the highest levels of Iran’s religious and military establishment, Ebrahim Raisi’s election means that all of Iran’s state institutions and levers of power will be controlled by ultraconservatives.