Old fields could produce 400,000 barrels of oil per day within a year and there are some large natural gas reserves to exploit, but investment is needed to make the most of the opportunity.
A series of red lines were drawn at a meeting of gas-producing countries in Algiers. Al Majalla looks at what they are, where they came from, and what they may mean for energy markets.
A longstanding dispute between Saudi Arabia and Kuwait on the one hand, and Iran on the other, has been rehashed after Iran states its intention to start drilling in the Durra gas field
The standoff in the Hormuz is not simply a question of whether Tehran can survive economic pressure, but whether Washington can sustain the pressure at an acceptable cost.
Many Israelis actually believe that they lost the war, with opposition leader Yair Lapid accusing the Israeli premier of having led the country into "strategic collapse and diplomatic catastrophe"
The Strait of Hormuz is now poised to become the primary arena of confrontation, with Iran relying on speedboat-driven guerrilla warfare to confront the US navy.
Former regime soldiers are stuck in limbo, as their undocumented status prevents them from working, travelling, and curbs family members' access to education, healthcare and social services