Gas topped $4 daily in August for the first time. New U.S. strikes on Iran are sending prices higher
The price of oil rose and stocks fell on Wall Street Monday after the U.S. launched its first…
Trump’s Iran war sets test for Xi and Putin’s security club
U.S. President Donald Trump’s intensifying economic campaign against Iran is testing the limits of the security grouping Chinese…
Iran’s president admits ‘we have many problems’ as the U.S. blockade chokes its economy
Iranian President Masoud Pezeshkian acknowledged his country’s economic woes amid pressure from the U.S., which is strangling its…
Iran War Adds $330 Billion to Global Energy Import Bill
The war between the United States, Israel, and Iran has caused the oil and gas import bill of…
War weighs on Iran’s economy as U.S. intensifies sanctions
DUBAI/CAIRO – Iranian leaders are acknowledging the economic toll of war with the U.S., with the supreme leader…
How the Strait of Hormuz crisis forced Asia to rewrite its oil and gas energy strategy
The Iran war exposed just how much the world relied on a narrow 20-mile-wide waterway. Soon after the…
The Iran War Has Turned VLCCs Into $650,000-a-Day Assets
More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi…
California sues Trump administration, developer over deal to walk away from Morro Bay wind power
After the Trump administration paid California offshore wind developers to abandon their leases and pursue oil and gas…
Another Tanker Struck as Hormuz Shipping Crisis Deepens
Yet another tanker has been struck by a projectile in the Strait of Hormuz, the UK Maritime Trade…
US clears Strait of Hormuz shipping lanes, CENTCOM says
The US military has cleared Iranian sea mines from internationally recognized shipping lanes in the Strait of Hormuz,…
U.S. In Talks To Take Direct Ownership Of Venezuelan Oil Fields
The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership…
Expert says Iran losing Hormuz leverage as defenses and oil role decline
Though the Islamic Republic of Iran has established a “sophisticated panoply” to protect itself against the possibility of…